Crypto Market Update
State of the marketplace
A quick update from CryptoCaptain: Not much has been going on pricewise in recent weeks’ crypto markets. Cost and sentiment have been uncertain between bull and bear. Rate hikes in the US are on the horizon to counter high inflation. This is normally bad for both equities and crypto. But the concerns is, whether it has actually been already priced in. In case it is, there might be even the possibility of some upside capacity. Consistent with this idea, belief has been ending up being a little bullish in the last days. And onchain metrics hint also to some upside prospective as whales are said to increase their holdings, transfers to cold wallets have increased, and the Bitcoin hash rate is at a perpetuity high. Let’s wait and see. CryptoCaptain’s algos will keep you posted (in case you are a member) once they identify a great chance. Sign up now for comfort! On the other hand, I’m investing my time to work on new amazing 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 market belief? Throughout April 2022, the crypto market belief was basically uncertain between bull and bear. Now, it has actually begun to shift towards bullish. But wait, this is not a signal to purchase. Our algorithms take into consideration various elements. Register for learn more.