One would expect to have standard big rally (with real crypto magnitude), but crypto is not the only asset which gains the strength.
It's most of the global market incl. gold/silver and all that will suck the money leaving less for crypto.
Also the fact that long period price structure and volume is getting weaker.
Growth in standard markets is not sustainable much longer and as always, crypto will take the the same elevator going down with everyone else in the cabin.
That will be ultimate test if crypto is the way forward after potential world recovery.
My ideas are mostly based on technical analysis and few fundamentals, but I don't follow specific indicator.
I have some know-how by looking across several indicators. Of course, I might be wrong as well.
Forecasting bottoms and tops, not target levels or price path.
Don't forget to enjoy your day:)
Disclaimer:
This is my personal journal, not investment advice for anyone.
It's most of the global market incl. gold/silver and all that will suck the money leaving less for crypto.
Also the fact that long period price structure and volume is getting weaker.
Growth in standard markets is not sustainable much longer and as always, crypto will take the the same elevator going down with everyone else in the cabin.
That will be ultimate test if crypto is the way forward after potential world recovery.
My ideas are mostly based on technical analysis and few fundamentals, but I don't follow specific indicator.
I have some know-how by looking across several indicators. Of course, I might be wrong as well.
Forecasting bottoms and tops, not target levels or price path.
Don't forget to enjoy your day:)
Disclaimer:
This is my personal journal, not investment advice for anyone.