From the earliest days of mankind, the need to find, store, and transfer value has been a challenging exercise. Even to this day, this continues to task the brightest minds in society. From violent takeovers to formalized barter systems, humans have come a long way in our methods of exchange in value. The more modern approach has been the usage of objects with intrinsic value such as fiat or paper money, but even that is starting to become a thing of the past. Today, we arrive at the doorstep of cryptocurrencies and blockchain technology and how they became one of the hottest topics since the “Dotcom Bubble”.
A prepared trader is a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. This weekend, we are focusing on cryptocurrency as there were some massive moves within this sector last week.
A prepared trader is a profitable trader, and Sunday is a great day to get ready for the week ahead. This weekend, we are focusing on the cryptocurrency sector as it has been slammed over the last two weeks. We are paying attention to the weekly candle here for the potential confirmation of a short-term bottom. As always, any of these setups can continue to breakdown rather than reverse so it is important to use TrendSpider’s dynamic alerts to stay ahead of the action.
A prepared trader is a profitable trader, and Sunday is a great day to get ready for the week. One way to do that is checking out one of the most powerful features on TrendSpider, Multi-Time Frame Analysis. We’re focused on another potential active week for cryptos and have identified some major time frames to keep an eye on through the link below.