It was a long and frustrating week for most cryptocurrency traders as the correction in the two main coins, Bitcoin and Ethereum continued, with a long low-volatility drift that was followed by a decline on Friday. To put the week in perspective, the long-term charts are basically unchanged, even as the short-term moves are being magnified by the recent sharp swings in both directions. Given the several 100% of gains this spring, the correction is a normal part of the market cycle, and with some of the majors already hitting new highs since the lows last Monday, and the other…
// -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- //
To continue reading you need to be a Gold Member or Platinum Member. Let us help you become financially independent by signing up. You will get access to exclusive stories, analysis, and guides by experienced traders, economists, and entrepreneurs. Learn more about us here.
Log In Join Now for $39 a Month! OR Save $69 by Subscribing for a Year!
Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.