Here is some advice for people new to cryptocurrency trading and investing here in 2019. Heed these words and avoid some major pitfalls.
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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%.
Bitwise has come out with an amazingly telling report on the true nature of the crypto markets in terms of volume.
This chart looks at BTC from 2013 – 2019 and beyond using fib levels. You can see the 2013 market cycle looks a lot like the 2017. Does that pattern repeat?
ADA is setup for a breakout with it forming a potential inverted head and shoulders bottom right below the 200 day ema.
The second BTT airdrop for TRX holders occurred on March 11th. It is notably about 1/10th the size of the first airdrop.