I'm not a professional trader. Take my chart with a grain of salt. Share your advice on best practice; I love to learn!
My long-term view of the crypto market is bullish. I have my sighs on 2020/2021 as the next dominant bull run. Why? Bitcoin will reduce its miner rewards by half causing further reduction in market supply. Folks will feel the pressure to get in when they can, the value will rocket. Until then, speculation and adoption.
Blockchain startups will deliver with a few proving substantial grounds for platform growth. Think Ethereum, the adoption curve will repeat.
In the long term, we will look back and reflect on the first and second quarter of 2018 as sideways trading. It's no surprise that the market is volatile. Until trend shows strong signs of recovery, I'm neutral for the mid term.
Short term, I plan to take small profits and short to trade on the dips.
My long-term view of the crypto market is bullish. I have my sighs on 2020/2021 as the next dominant bull run. Why? Bitcoin will reduce its miner rewards by half causing further reduction in market supply. Folks will feel the pressure to get in when they can, the value will rocket. Until then, speculation and adoption.
Blockchain startups will deliver with a few proving substantial grounds for platform growth. Think Ethereum, the adoption curve will repeat.
In the long term, we will look back and reflect on the first and second quarter of 2018 as sideways trading. It's no surprise that the market is volatile. Until trend shows strong signs of recovery, I'm neutral for the mid term.
Short term, I plan to take small profits and short to trade on the dips.