Just an Idea form the weekly charts. I'm a noob so I'm not sure how accurate it is but for weeks now I've personally been expecting a drop to $43k - $44k and well, here we are! Maybe it's just luck or maybe everyone is just too distracted by Twitter... There has to be many losses for others to gain money. ELON and MARK CUBAN are just throwing out stories for all of the emotional traders because they both know there is a LARGE increase of new people to the market.
I think all this Elon Musk "news" is just a distraction. Yes I do believe fundamental analysis is very important but I DONT believe Elon is the Judge and Jury. Bitcoin is strong and regardless of whatever your favorite alt-coin is, lets be honest, Its not going to get too far without the King! (Bitcoin).
However, I do think some more Clarity from the SEC on their current view of Cryptocurrencies could make or break this situation. I do believe blockchain technology is here to stay but its hard for people to understand how it works. I compare it to not so long ago when bluetooth, smart phones with apps, and touch screens became big.
I welcome your thoughts and any pointers. Thanks
I think all this Elon Musk "news" is just a distraction. Yes I do believe fundamental analysis is very important but I DONT believe Elon is the Judge and Jury. Bitcoin is strong and regardless of whatever your favorite alt-coin is, lets be honest, Its not going to get too far without the King! (Bitcoin).
However, I do think some more Clarity from the SEC on their current view of Cryptocurrencies could make or break this situation. I do believe blockchain technology is here to stay but its hard for people to understand how it works. I compare it to not so long ago when bluetooth, smart phones with apps, and touch screens became big.
I welcome your thoughts and any pointers. Thanks