BTC hasn’t exactly taken us out of the bear market yet, but man is it looking good. This is almost the cleanest breakout we have had the entire bear market since the top.
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ETH is setting up for a potential breakout. All it needs to do is do what so many other coins (LTC, BTC, BCH, and more) have already done.
BTC broke $4.2k resistance and then ran hard up to $5k as shorts closed, stop buys hit, and people jumped in. Alts lagged behind, but all things considered, the market had a nice rally.
No, MyEtherWallet didn’t start don’t KYC for your private keys, and no the Ethereum foundation didn’t lose a bunch of ETH. And, while yes Doge did run today, most of what sounds odd is an April Fools joke.
Here is some advice for people new to cryptocurrency trading and investing here in 2019. Heed these words and avoid some major pitfalls.
If you want to find great plays during alt season, look for trend reversals and coins still under their 200 day EMA.
Bithumb (a popular South Korean exchange) was hacked by insiders. Meanwhile the market barely reacted. When a market doesn’t react to bad news, it is generally bullish.
The crypto market has been pretty bullish lately, and looking at charts it is easy to see why.
Coinbase is now paying $10 worth of XLM to take a short course and then offering 4 referral links worth $10 each.
DAI lost its peg by a few pips, and MKR holders keep voting to raise borrowing rates (“stability fee”). The latest jump moved the interest rate up from 3.5% to 7.5%.