Crypto Market Update
State of the marketplace
A quick update from CryptoCaptain: Very little has been going on pricewise in recent weeks’ crypto markets. Rate and sentiment have been unsure between bull and bear. Rate hikes in the US are on the horizon to counter high inflation. This is usually bad for both equities and crypto. But the questions is, whether it has been already priced in. In case it is, there might be even the possibility of some upside potential. Constant with this concept, sentiment has actually been becoming 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 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 an excellent opportunity. Register now for comfort! On the other hand, I’m spending my time to work on brand-new interesting algos. Stay tuned.
< img width="1203"height="702"src ="http://investincryptocoins.com/wp-content/uploads/2022/05/zFJ2le.png" srcset ="http://investincryptocoins.com/wp-content/uploads/2022/05/zFJ2le.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 candles(source: Tradingview.com)What is the marketplace belief? Throughout April 2022, the crypto market belief was practically unsure 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 factors. Subscribe to find out more.
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