State of the market
A fast replace from CryptoCaptain: Not a lot has been occurring pricewise in latest weeks’ crypto markets. Value and sentiment have been undecided between bull and bear. Fee hikes within the US are on the horizon to counter excessive inflation. That is sometimes dangerous for each equities and crypto. However the questions is, whether or not it has been already priced in. In case it’s, there is perhaps even the opportunity of some upside potential. Per this concept, sentiment has been turning into slightly bullish within the final days. And onchain metrics trace additionally to some upside potential as whales are mentioned to extend their holdings, transfers to chilly wallets have elevated, and the Bitcoin hash fee is at an all time excessive. Let’s wait and see. CryptoCaptain’s algos will maintain you posted (in case you’re a member) as soon as they establish a very good alternative. Join now for peace of thoughts! In the meantime, I’m spending my time to work on new thrilling algos. Keep tuned.
Weekly Bitcoin chart with Heikin Ashi candles (supply: Tradingview.com)
What’s the market sentiment?
Throughout April 2022, the crypto market sentiment was just about undecided between bull and bear. Now, it has began to shift in the direction of bullish. However wait, this isn’t a sign to purchase. Our algorithms keep in mind many alternative elements. Subscribe to study extra.