Trading lesson: As anyone who watches crypto on a regular bases knows, is that they all basically trade together and are highly correlated. Therefore, when we see an impressive move in one crypto it is often helpful to see which crypto was is the leader and which is the laggard. In the latest bullish moves in crypto ETH is the clear leader starting its bull run...
See chart for embedded notes on where I believe VEN will lead next. This one has been a huge winner during the meltdown so what will it do now that the Crypto's are much stronger? I expect VEN continues to set records but lets see what the chart can tell us.
There was a lot of amateur buys leading up to 2018. The current down trend is shedding these less educated investors. It will take a great deal of movement to get BTC back near its highs. It's possible recovery is a long way off and more possible an alt coin will emerge as the new market cap leader.
$XMY has been leading the cryptorally over the past two days, about 70% off of lows. As markets take a moment to gather, it's time for Myriad to prove its strength and continue to push forward. Clear eyes. Full bags. Can't LOSE!