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 unsure in between bull and bear. Rate walkings in the US are on the horizon to counter high inflation. This is generally bad for both equities and crypto. But the concerns is, whether it has actually been currently priced in. In case it is, there might be even the possibility of some upside potential. Constant with this concept, sentiment has been becoming a little bullish in the last days. And onchain metrics hint likewise to some upside possible 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 determine a good chance. Sign up now for peace of mind! Meanwhile, I’m investing 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 belief? During April 2022, the crypto market belief was pretty much unsure in between bull and bear. Now, it has actually started to shift towards bullish. But wait, this is not a signal to buy. Our algorithms consider various factors. Register for learn more.
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