Crypto Analysis Report 1-6-19...Be Patient, The Smart Money Is Coming
The Crypto Bear Market of 2018 deter Wall Street from bringing their $2 trillion into crypto space. Although this was a set back, things were still happen behind the since. In order for $2 trillion to transfer from Wall Street to the Crypto space, you need the pipes, the highways, the bandwidth in order for this transfer of fund to happen. As I mentioned the past, the infrastructure is and continues to be built.
As financial institutions and blockchain ideas increasingly find common ground, retail investors will find new opportunities to enjoy the emerging age of democratized finance.
The Jan. 7 launch of a new Nasdaq-powered crypto DX.Exchange is the biggest signifier yet that the status quo is shifting. It's not that institutional finance suddenly cares about including the cryptocurrency community, but that it has realized that cryptocurrency can aid its long-term goals for inclusive, cost-effective and cross-border asset exchange. DX.Exchange will soon offer tokenized stocks on the blockchain in a way that brings these two disparate markets together harmoniously for the first time.
NASDAQ partner DX.Exchange, which already offers peer-to-peer trading of cryptocurrencies, but in conjunction with these venerable institutions will now be able to issue blockchain tokens that mirror the live share prices of publicly-traded companies. Not only this, but the tokens are physically-backed 1:1 by the shares they represent, so when you send Bitcoin to your DX wallet and exchange it for Facebook Token or Apple Token, for example, you've just diversified your crypto portfolio with real shares in actual companies.
Although the daily supply at $4500 on Bitcoin is the level that needs to be taken out in order for price to move higher, I'm liking the price action that I see. The chart below shows price formed an inverted head and shoulder.
Along with positive divergence.
Along with price and volume coiling up.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
Out of a horrible decline it actually seems as though the charts are looking much better. Now to see if those that have money and capital on the sidelines have the gut to get back in after being reminded of a horrible year!
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Lol...yes the price action the last 12 months hasn't been for the faint of heart.
Great post and the NASDAQ partnership will just be one of many to follow. There will be a tipping point when the flood gates open because there are secure and low friction ways to buy and sell cryptos. I think the tokenization of stocks and bonds is a massive shift. I predict they will one day trade 24/7 like cryptos do.
Well said @morseke1 I'm with you, 24/7 like cryptos will come as the big brokerages try to gain one leg up on each other. I like TDAmeritrade to lead the way.
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