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Crypto Market Update

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Crypto Market Update

State of the market

A quick update from CryptoCaptain: Not much has actually been going on pricewise in current weeks’ crypto markets. Cost and sentiment have been undecided 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. However the questions is, whether it has been already priced in. In case it is, there might be even the possibility of some upside potential. Consistent with this concept, sentiment has actually been ending up being a little bullish in the last days. And onchain metrics hint likewise to some upside potential as whales are stated to increase their holdings, transfers to cold wallets have actually increased, and the Bitcoin hash rate is at an all time high. Let’s wait and see. CryptoCaptain’s algos will keep you posted (in case you are a member) once they determine a good chance. Register now for comfort! Meanwhile, I’m spending my time to work on brand-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 marketplace sentiment? During April 2022, the crypto market belief was practically undecided between bull and bear. Now, it has actually started to move towards bullish. But wait, this is not a signal to purchase. Our algorithms take into consideration many various factors. Sign up for discover more.

Crypto Market Sentiment
Crypto Market Belief (source: https://cryptocaptain.com)Released at Sun, 01 May 2022 19:13:54


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