Good morning traders! The week is well underway and time to recap what's happening.
While the markets remain pressured, it's good to remind yourself, that blockchain techonology is not going away any time soon yet. And what better time to buy, when there is blood on the streets? The market is getting reorganized, late and small guys are getting scared out of the market and there is hard to find anything other than fear out there.
Picking bottoms is a nasty business, but looking for supportive price action at key technical levels is not. What i am looking for, is mainly Bitcoin, to see signs of markets bottoming.
Example from last night - yep, that tech setup produced a bounce, unfortunately as the case tends to be recently, failed to follow through. We'll just have to keep looking.
When Bitcoin finds it's bottom, the following relief rally could be swift. Look for alts, that have the potential to outperform Bitcoin.
Mainly looking at you, Litecoin. Litecoin has provided us with a decent amount of good news recently and should start to take advantage of it, as the bloodletting stops.
Recent publications about Litecoin:
India is not banning all cryptos, Litecoin has more in store for us and some crypto humor
There is hope for China cryptomarkets yet and Litecoin saves the day
NEWS - LITECOIN LAUNCHES LITEPAY, HELPING CRYPTO GO MAINSTREAM - by
Second whitelisting is open for VICE and you have limited hours to enlist. By reserving your spot in the whitelist, you get advanced placement in the public crowdsale that is starting on Feb, 20th.
By sending a minuscule amount of 0.001 ETH you can reserve a buy up to 1 ETH worth of Vice Industry Tokens.
Whitelist yourself here: https://vicetoken.com/whitelist
If you don't manage to get on the whitelist, don't worry - if you held STEEM tokens on Steem netwrok on Dec 29, 2017, you will receive a corresponding amount of VICE tokens anyway, when the VICE network goes live some time in the summer.
Don't remember, what VICE is? Don't worry, i got you covered. Check my post about VICE here:
STEEM softfork to VICE and airdrop for block 18,500,000 STEEM holders (SFW)
Check out Chainbb, an alternative frontend for STEEM network. If you like forum style, that's the platform for you.
Title image from pixabay
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