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STORJUSDT | Accumulation Before The Massive Growth!Hello, traders! Today we have a very interesting altcoin - STORJ, which is on the accumulation cycle now. This is usually the sign of the potential huge growth in the future. STORJUSDT ANALYSIS The price was in the parabolic stage of an uptrend and now it has a nice correction. Now the price is testing the weekly R1 level. The is a high probability that it can reach the weekly R2 because the MFI shows the bearish hidden divergence (downtrend continuation). The weekly R2 ($1.89) looks like a very strong support. In addition the 50-day ema is going to reach this level and support the price. STORJBTC ANALYSIS Here we can see almost the similar situation, but the price have already broken down the weekly R1 and is going to reach the R2 level. Taking in account that STORJUSDT and STORJBTC markets are related with each other we can conclude that there is a high probability that the price will touch the 50-day EMA before the growth continuation. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
4
Crypto currency: "The Digital Tulip"?📌 During the last five months, the price of Bitcoin increased more than five times - from $10,000 to over $60,000 while the global crypto currency market capitalization topped $1.7 trillion. When it comes to traditional assets, such a rapid rise in the value of an asset typically indicates the emergence of a financial bubble. But, what about crypto currencies? 📌 Against the tsunami of crypto currencies' market capitalization increase, financial bubbles of the past look like small and mid-size waves, historically adding 40 to 440 percent to the asset value. The value of global crypto currency markets increased almost 900% from March 2020 to today. 📌 When do bubbles usually reach their peaks? In looking at past bubbles, the longest time period is four years with an elongated period experienced by the real assets markets. If the crypto currency bubble is compared with digital asset bubbles, like the Dotcom and Biotech bubbles, it may peak 13-21 months after the bubble started to blow or between March and December 2021. Is this time different? Super-easy monetary policy and expansionary fiscal policies in the US and around the world coupled with the accessibility of financial instruments and stock exchanges for a wide range of non-professional investors may make this "digital tulip" bubble different than bubbles of the past. These factors make it more difficult to predict how much the peak value of Bitcoin and other crypto currencies can exceed their fundamental price levels defined by the cost of coin mining and infrastructure maintenance. We are expecting a Bubble crash in Crypto Market..💭 What's your views and Thoughts 💭 Please feel free to describe below.
BITSTAMP:BTCUSD
by Ridethemacro
2