Crypto Market Update
State of the marketplace
A quick upgrade from CryptoCaptain: Not much has actually been going on pricewise in recent weeks’ crypto markets. Price and sentiment have actually been uncertain in between bull and bear. Rate walkings in the US are on the horizon to counter high inflation. This is usually bad for both equities and crypto. However the concerns is, whether it has actually been already priced in. In case it is, there may be even the possibility of some upside potential. Consistent with this concept, belief has actually been becoming a little bullish in the last days. And onchain metrics hint also to some upside possible as whales are stated to increase their holdings, transfers to cold wallets have increased, and the Bitcoin hash rate is at an all time high. Let’s wait and see. CryptoCaptain’s algos will keep you published (in case you are a member) once they determine an excellent opportunity. Register now for comfort! Meanwhile, I’m investing my time to work on brand-new interesting algos. Stay tuned.
< img width="1203"height="702"src ="https://cryptocaptain.com/engine/wp-content/uploads/2022/05/Pasted.png" srcset ="https://cryptocaptain.com/engine/wp-content/uploads/2022/05/Pasted.png 1203w, https://cryptocaptain.com/engine/wp-content/uploads/2022/05/Pasted-300x175.png 300w, https://cryptocaptain.com/engine/wp-content/uploads/2022/05/Pasted-1024x598.png 1024w, https://cryptocaptain.com/engine/wp-content/uploads/2022/05/Pasted-768x448.png 768w" sizes ="(max-width: 1203px )100vw, 1203px"> Weekly Bitcoin chart with Heikin Ashi candle lights(source: Tradingview.com)What is the marketplace belief? Throughout April 2022, the crypto market sentiment was basically unsure in between bull and bear. Now, it has actually started to shift towards bullish. However wait, this is not a signal to purchase. Our algorithms consider various elements. Subscribe to learn more.