Blog — Market Analysis

An amazing week for crypto as the whole crypto space surpassed the 1 Trillion dollar mark! Bitcoin close to doubling its previous ATH and rumours of a possible drop.  If you took action since the last newsletter and are in the profits, congratulations! If you missed it, don't worry, there'll be lots of opportunities.Usually after big run ups, taking profit may not be a bad idea but if you think it's going to go up more, it may be a good idea to invest in a hardware wallet like  Nano Leger X.If you are new to crypto, we have some resources to help...

Is alt coin season starting? Is Bitcoin overextended? Should you take profits now or should you let it run higher? Find out what some of the most influential youtubers are saying: Datadash (Fundamental trader - Short term pullback) Alts doing well  BTC saw 20% correction before bouncing 10% BTC still 50% above 2017 ATH Institutional interest and FOMO Large farms could be taking profits Resistance line at 32.4k ETH close to breaking ATH Believes alt coins will have their season eventually. ETH has been making long term gains vs BTC over the last few months Once BTC liquidity trickles down to alts, it's...

XRP is tanking as a result of SEC lawsuit, what are crypto experts doing? The price of XRP has dropped by over 40% in the last two days and is not showing signs of stopping. For those who have XRP, should you sell at a loss or should you HODL? Here is what some of the most popular crypto YouTubers are saying: Datadash: XRP dumped 25-33% Not affected by XRP dump as he took profit after the fork Concerned about ALT Coin dominance affected ETH, LTC and UNI are all testing upper resistance line Chainlink testing higher lows and lower highs...

Bitcoin shot past 20k on its 3rd attempt at 20k and is currently trading a little shy of 24k. Fib retracement shows that 24k is one resistance level followed by the next resistance at 30k. YouTubers are divided on where the correction is going to take place. Traders like Alessio has price targets up to 24k (taken profits?)  and is waiting for it to correct while other youtubers are staying on to 30k.  Overall: watch out at 24k & 30k Some youtubers have taken profits already and are lining new buy orders at 20k (test psyc support) Alts are getting hit badly (Currently on sale)...

Another week where BTC is teasing the 20k resistance with much wondering if it will break 20k before 2021.  Overall: BTC is currently in a wedge with a top at 20k. Bitcoin is testing 20k again and is unlikely to break it before 2021 if it does, target resistance at 23-25k Institutions are accumulating BTC but supply is limited (due to recent halvening) Altcoin may see moves in December BTC not making major moves into 20k territory Most youtubers are not trading until BTC has decided to go above 20k or drop to retracement levels. Join us at our next Zoom meeting  coming...