Bitcoin’s recent parabolic advance is beginning to show signs of slowing as it fights resistance near last July’s peak. It’s still unclear whether a pullback will be coming, or if euphoria will continue to fuel this surge.
The altcoin marketcap has hovered in the same range for the last two weeks. This may be the result of traders waiting for Bitcoin to stabilize before the start of an altseason.
Here are short-term coins with events during the next two weeks listed on. They may offer opportunities to traders waiting for Bitcoin to cool down and kick off an altcoin market rally.
ZIL’s recent price action is similar to NEO, with a significant drop during the first part of Q2. A possible bottom has formed in the last couple of weeks at 0.0000025.
Price is currently testing the overlying daily orderblocks that provide resistance. The first resistance was broken through, but the second resistance held. Price is presently consolidating under these levels and forming an ascending triangle.
A third breakout could reach the orderblock near the previous lows at 0.00000347. Higher volume suggests buyers are stepping in at these levels.
This may make it an excellent time for traders expecting more bullish activity – possibly fueled by the release of the smart contract – to begin looking for favorable risk-reward entries.
$0.020607 (0.09 %)
฿0.00000241 (2.06 %)
$179 019 675
$52 773 651
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.