All eyes have been on Bitcoin this week as it has finally turned around and is posting gains. Bitcoin has been only going down since January and everyone is getting exhausted with the losses which is why the hype around this previous bounce has been so high. Moving away from Bitcoin we can see that Ethereum has finally turned around and is making very strong gains. This is not only good for Ethereum holders but also for ICO’s holding vast sums of Ethereum. Over all the week was positive and we will be diving into the big three to see what this week may have in store for us this week.
Before we jump into today’s publication, let’s recap on the top picks in the previous installment of Altcoins Edge. ADA Price action dropped into my buy zone as anticipated, we’re still in my accumulation zone so you guys haven’t missed the boat yet. CM RSI EMA is attempting a reversal as predicted. EOS is still yet to complete my bear flag and drop into my accumulation zone, I am still holding a small chunk of my intended position in anticipation of a drop where I will fully scale into the market.
Risk Management is about identifying risk and putting the necessary steps in place to reduce it. Almost all traders will have an exit and entry plan, below I will touch on the various techniques used to mitigate risk that you often find within trading plans.
Welcome to Pure Investment’s first bi-weekly installment of Retirement Shark. Throughout this public our aim is to provide you with in-depth medium to long term fundamental and technical analysis on various prominent crypto assets. Our objective is to assist you in crucial investing and trading decisions within the cryptocurrency market. This week, we will be covering the Nebulas and Binance projects.
Welcome to Pure Investments’ bi-weekly edition of ICO Aficionado, a publication set on helping you learn more about the hot initial coin offerings (ICOs) this industry has to offer. This publication will provide you with key information regarding an ICO, namely an analysis of the project’s three Ts (team, technology and token metrics.) This week, we will be covering the Perlin and Pigzbe projects, which are both promising projects in their infancies.
The past week for altcoins has been mostly red with the exception of a few coins that have likely been manipulated and pumped. The altcoin market has followed the trend of Bitcoin for the most part and when Bitcoin dove down in correlation with news surrounding Goldman Sachs the altcoin market followed. Bitcoin dominance has only increased as people move out of the more volatile altcoins and into Bitcoin. The rapidly slipping price of Ethereum has not helped the altcoin market either, as many of the altcoins are ERC20 and are linked to poorly performing Ethereum. The dip in the market makes for cheap coins allowing us to accumulate coins that have a lot of potential at low prices.
Welcome to Pure Investment’s first installment of Altcoins Edge. Our team of talented analyst’s aim to provide you with multiple short term profitable trading scenarios every Monday, Wednesday and Friday.