The Crypto space have been experiencing a lot of backlash of negative events with BITCOIN prices leading the decline alongside the rest of the pack. With its recent registered low at 5921 - Coinbase, comparing prices with BitFinex low at 5910. And at the rate the market is still going, the probability of revisiting the 5511 & 5400 previous low respectively would likely occur, but not without a good fight from each successive session.
Price volatility increases on the decline from the past three relief recovery after nearly retesting 10000 last May 05, 2018. Failure to breach the 10k mark have led the decline with consistent lower volume and interest as the surrounding negative news have been more influential up until now.
Meanwhile, after experiencing the overall bearish market performance, traditional & Classic Bitcoin investors who considered hedging in the futures market to cover further risk of loss are in a better position to weather the storm of adverse price swing. And be able to buy enough time to carefully observe market price behavior.
Being a wise, tactical investor can only best serve their investment interest and do encourage to make use of what other exchanges has to offer and maximize market potential in both directions. In addition, initial investors who have accepted tokens / other related coins backed by a fractional value from the 5 major digital classes especially from ETHUSD, have to accept the market's current price sentiments for now.
As the tokens offered have been applied as frontline asset class to raise funds as an ICO for their individual companies niche blockchain technology applications in various sectors and industry may have to wait a bit longer to see their investments growth & reward. Although, everyone have their respective reasons for investing and trading.
As the tokens offered have been applied as frontline asset class to raise funds as an ICO for their individual companies niche blockchain technology applications in various sectors and industry may have to wait a bit longer to see their investments growth & reward. Although, everyone have their respective reasons for investing and trading.
With that said, price swings in both directions coupled with increase volatility would continue in a downward spiral until such time an encouraging catalyst would emerge in the market that could affect current market sentiments. The Bitcoin price charts formation has some similarities with UAE's Burj Khalifa structure, so to speak!
#BITCOIN Classic Overlay #BTCN2018 FUTURES
https://plus.google.com/+JSTAlexander/posts/7VBqYemDTKw
#BITCOIN Classic Overlay #BTCN2018 FUTURES
https://plus.google.com/+JSTAlexander/posts/7VBqYemDTKw
