Welcome back!
So to make things clear, the market is still on a down trend. People thought that the market is going to moon and go right back up since most of the Alts and bitcoin were green yesterday in the 24h mark. Thing is we broke lower then what was our current resistance line. We have not yet see the end of this not slower correction.
I believe we still have yet to really see the end because we keep getting lower lows and lower highs... which indicates that we have not yet a plateau for the resistance that we can rebound off of yet.
Has you can see the market has been going sideways for the most part but still going down testing news lows on the regular. I believe you should still buy the coins you believe in right now since they are still on a nice discount for now and anything can happen in this market with all these big corporations and companies tagging along creating good news and some very bad FUD! Just HODL until next time everyone! The market will go back up to 800 billion within this year or the beginning of 2019.
As you all know I am not a financial advisor or anything close but this is what I believe is happening and the outcome we could see thanks to all my research and my dedication to the cryptocurrency and the space surrounding it.
See you int the next post! Please leave a up vote to let me know you guys found this helpful, calming and interesting! Do not forget to follow me for the updates!
Hi @cryptowiththomas,
Nice to see your post and it's nicely written. In our opinion, once bitcoin's volatility settles down in the coming weeks, market cap is going to rise back again and we can already smell an insane altcoin party down the road. Meanwhile, let us know what you think about our analysis on ethereum classic and do rate us if you like this post : https://steemit.com/ethereumclassic/@coinauthority/ethereum-classic-price-forecast-and-trend-as-on-february-10-2017
Good luck to you! :)
Thanks for the comment! And yes will do!;) @coinauthority