Clear cut trendlines on the daily logarithmic scale with joining point @ around 8'500, also, clear cut descending channel almost to the pip.
1. Status quo : possible price scenario if no government intervention, sustained interest in cryptos for the public at large
2. Crypto-Hype over for a while : with Cryptocurrencies now all over the newspaper, the trend clearly reversed as more and more people joined the people already invested ; more supply/demand clashes and possibly decreased volatility. Newbies who are not used to feel the pain of standing on the wrong side of the trade get slaughtered by more risk resistent traders. As other news take over, cryptos goes out of sight, out of mind for a while
3. Korea, China, France, Germany and other countries step in to regulate Crypto-trading.
Am using this BTCEUR chart, could've been probably any other crypto chart .... bottom line is that most cryptos move in tandem with each-other, besides the switch in interest from one to the next, the base trend remains the same among all major cryptos.
1. Status quo : possible price scenario if no government intervention, sustained interest in cryptos for the public at large
2. Crypto-Hype over for a while : with Cryptocurrencies now all over the newspaper, the trend clearly reversed as more and more people joined the people already invested ; more supply/demand clashes and possibly decreased volatility. Newbies who are not used to feel the pain of standing on the wrong side of the trade get slaughtered by more risk resistent traders. As other news take over, cryptos goes out of sight, out of mind for a while
3. Korea, China, France, Germany and other countries step in to regulate Crypto-trading.
Am using this BTCEUR chart, could've been probably any other crypto chart .... bottom line is that most cryptos move in tandem with each-other, besides the switch in interest from one to the next, the base trend remains the same among all major cryptos.
