One of the few projects with a real product (Matcha.xyz)
However, the coin serves no purpose as you can use their exchange without ever needing the coin.
DeFi index is also going down, so this will trend down as well.
No reason to stake ZRX either since the yields are terrible in comparison to others.
Projects like Cardano are only held because of their staking and potential vision going forward.
Without staking they've literally delivered nothing.
No reason to hold this until they deliver something, sad reality.
Stellar Lumens looks like it wants to go lower, no real reason for this to spike again (double top).
No real reason for this to go up, unless XPR (Ripple) does. Other than that, I recommend selling/shorting this one.
Other: great project with a great team, but that doesn't mean price needs to moon.
Here's whats fascinating about crypto: It's a 24/7 market which means that it's roughly 6X faster than the US stock market. There are no holidays, there are no market open market close, there is always on.
I'm a firm believer that the majority of the gains from the stock market will enter crypto, but mostly focused on DeFi.
In 2016 money shifted from BTC...
First off, when the dust settles, I believe Biden will be a 2 term president. I believe there will be plenty of money printing, further devaluing the US dollar down to around 57 - 60. The last time these moving averages flipped was back in March of 2003 resulting in a drop of the DXY index of 33%. History doesn't necessarily repeat itself, but it sometimes...
I personally believe we're headed for a blow off the top moment in the next 2 months that will then lead to a 2 year bear market.
Hedging my bets if I'm wrong regardless.
Zoom out and tell me what you see in the comment section.
In April of 2011, Bitcoin went up over 500% in one month (see for yourself on the chart)
Given all the socio economic factors + on ramps + greyscale + DeFi it's just not that crazy anymore to think we get a $50,000 bitcoin price in 2020.
99 days to go. Don't Blink.
Is Bitcoin above its 50 Week Moving Average (white line)?
yes? = buy every dip
no? = sell, take a short position
Don't fight the trend. Right now the trend is up.
Hodling isn't easy, that's why it's not for everyone.