The market is doing real-bad, in today's review, we'll try to figure out what are the best new entry point for the long-term trader.
ETH/USD
After 40% down within 3 weeks, ETH close to hit last year's support level at $260.
We can also notice that there's another support level at $260 but not a strong one as July last year.
Ethereum is still the second biggest cryptocurrency in the crypto industry, we believe he's here to stay.
XRP/USD
We said many times to sell XRP during the last 5 weeks, this is true, but if you believe in the project, it can be the right time to re-buy it cuz it's in his buy-area for the long run (end of 2019). Ripple has potential, the only question is when he'll be back on $1 level.
Market review- highlights
- Facebook announced they're not going to lunch a cryptocurrency on Stellar.
- Bitcoin traded below $6,000 for a few hours and makes the market lose 10% of its value.
- Saudi Arabia: Crypto-trading is illegal.
- Again, the SEC issues new warning about IRA fraud.
A sad sad day for the crypto arena....Eth is so low!
I'll take your word for it and hope for the best, tnx cryptohouse!
blood in the streets, you know the rest...
RSI is deeply into oversold territory by now, even random buys are a good move rn
When will the market start stabilizing?
This train can make you crazy as hell, some days I don't even know my name anymore...
20k looks so far away right now doesn't it? unlike end of 2013 when we had the mt gox shit going on, this time there is no concrete reason to pin this kind of move on, still 50% up YoY though, looking at the bright side I guess
markets are consolidating right now, btc dominance is the main indicator for this, by far the most mature asset in crypto
BTC & ETH, what will be with you guys???
How did Saudi Arabia only ban it now? I was sure it was illegal there from day 1.