Hello crypto friends, I hope you are doing great.
Let's talk about current crypto situation a little bit!
Firstly, there is info from the USA and Europe that there will not be a crypto ban in near future ( 2 years ). So, we are safe for at least 2 years.
What does this mean to me? In my opinion, if government doesn't want to ban or regulate something, it is more likely that they have their own part in that. It could be truth, but anyway the most important info is that there is not ban from them so we can relax.
BTC is doing very good, even better than I expected. It has reached 11.3k yesterday and currency it is above 0.500 fibonacci level. So, for now fibonacci level is good support for BTC.
My problem is not BTC, but ALTs! I am waiting for ALTs to wake up! Be patient, sooner or later, same as BTC, alts will start going up. Most of eyes are on BTC, that's why ALTs are in shadow but sooner or later the uptrend will begin!
I am very disappointed in the majority of ICOs. I am talking about potential ICOs, not some fishy and scammy ones! We have big players in game and it is very hard to buy good coins in ICO phase. The rich guys are becoming richer! Good or not, if we want to buy we have to wait for exchanges and hope for a drop to buy cheap.
To conclude, crypto is in a phase without big movements and I like it. We need to build the confidence in crypto before the next uptrend. Do not think that a big uptrend is good, because bigger gain leads to bigger correction so if you make huge profit, someone will make huge loss, if you sold out at the peak, someone bought there so I like steady growth because it is the best! In too volatile market even good traders can be in huge loss overnight! So, now it is the time to improve you knowledge about trading or icos or anything related to the crypto world and then test it once market starts showing signs of potential uptrend.
