On Letting Go - Crypto Market Update 7.9.2019

9 Tem 2019

Market update with a bit of philosophical rambling at the end. Hope you enjoy!

This is not financial advice - just what I'm seeing in the market currently. These are purely my opinions and should only be used for educational purposes.

-Victor Cobra

10 Tem 2019

Not

If XLM can't bounce here, that would be pretty bad news. The contrarian trader could enter a position here, but would have to monitor price pretty carefully so as not to get shaken out by a quick stop hunt and also have an exit plan in case it has a sustained move down (perhaps failure to get back inside the wedge if it goes below).

10 Tem 2019

Not

If Bitcoin breaks out of the box, I will have to look at a different view of the market. Either way, mapping it out this way has been fun for me. We're diverging now from July 2016, but the ATH run still won't happen until the channel resistance is broken. On Bitstamp, we're well above it though, so that's encouraging for bulls.