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By TrendFollower · Posted
@CharlotteIG, Yes interesting piece. I think Cryptocurrencies are an asset class to stay. What I do not know is which Cryptocurrencies will make it and survive and which will not make it and fail. Will Litecoin or Bitcoin Cash make it? For me Bitcoin is clearly on a downward trajectory but as we know with Bitcoin it is capable of reversing quickly and hitting double digit returns in the opposite direction over a matter of hours. I have seen that many times before. The key to all this will be news and no analysts can predict when this news will be released. Right now positive news will drive Crypto prices higher and no news or negative news will drive it lower. Also one pattern I am seeing is that when Indices are bullish and Gold and Bonds are bearish then Cryptos seem to do well and when Indices are bearish and Gold and Bonds are bullish then Cryptos seem to fare badly. This is just a trend I have been seeing which tends to be a good indicator of imminent direction for Crypto prices on a short term time period. -
Breakout! Hmm, USD driven or in advance of stocks I wonder... -
Breakout? Wonder if we will see turns across the board...
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