Report on the main #crypts we are following right now.
In the world of cryptocurrencies it is well known that the bitcoin often pulls down the price of other Coin, and at this moment the Bitcoin trend is particularly uncertain.
Image 1 : tradingview – 2018-21-05 – timeframe 1 turn – trend btc / usd
As you can see in image 1 the purple wedge acts as a resistance to prices bringing them down. Even the smallest wedge, in red, which broke upward in these groups, does not seem to be able to get the bullish trend back on track.
Even among the altcoin the trend is almost all red and the exchange volumes in the last 24h are low as can be seen in image 2 regarding binance:
Image 2: binance – btc market ordered for volumes in 24h
It can be noted that the coins above the 5k volume in the 24h are only four.
The ETH, which a few days ago seemed to have taken off, has also joined an uncertain phase of lateralization as can be seen in image 3 :
Image 3 : tradingview – 1 day timeframe – eth / eur
In this phase of the market the best option can be to stay IN for those already inside, hoping for a lift. However it would be prudent to insert the appropriate stoploss.
We at Cryptograph have preferred to disinvest part of the capital, that is all that invested in BTC, taking advantage of the last rise. Instead, we remained flat on #LOOM, hoping that the volatility of this currency will give a good gain in the future.