Summary: This week saw a number of cryptos make runs of 30, 50 and 100%. Holochain and Bittorrent were amongst some of the winners smashing +100% returns. Dent and Tron also did well making 50% and 80% returns respectively.
Bitcoin, the crypto that leads the market broke $60,000 USD again this month, stopping just below the all-time high of $61,683. However, it is looking positive because we are holding strong above the $58,400 resistance which was the Feb 21st high in the last big rally.
Bitcoin is now on day 42 of consolidation. This pattern of holding ground is positive. The longer these consolidation periods the healthier the market, and the longer the bull run lasts. Consolidation is good. These are the times to enter.
What everyone is waiting for is the next leg up. During that time, I will be warning you to either move your stop loss up or sell your short term holdings and move into USDT before a consolidation.
Don't jump on rockets already in the air. Buy support and sell rallies.
Bitcoin, the crypto that leads the market broke $60,000 USD again this month, stopping just below the all-time high of $61,683. However, it is looking positive because we are holding strong above the $58,400 resistance which was the Feb 21st high in the last big rally.
Bitcoin is now on day 42 of consolidation. This pattern of holding ground is positive. The longer these consolidation periods the healthier the market, and the longer the bull run lasts. Consolidation is good. These are the times to enter.
What everyone is waiting for is the next leg up. During that time, I will be warning you to either move your stop loss up or sell your short term holdings and move into USDT before a consolidation.
Don't jump on rockets already in the air. Buy support and sell rallies.