Cannonball! Crypto Market is Taking a Dive - Joe Saz technical analysis

in #threespeak6 years ago (edited)

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Technical Analyst, Joe Saz, explains the latest happenings of the top cryptocurrencies, including BTC, ETH, XRP, and more.

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All those dips you see are the panic movement from Baby Traders, or Ad-hoc Traders, cashing out their profit. The long term traders are just waiting for the bottom fishing movement. It looks like as if people are pushing the market to new low for the dormant traders to get active and trigger the massive purchase. This is the ugly down time for bitcoin, many people are getting convinced by internet centiments "Bitcoin is going to die". These internet centiments are baseless and once the buyers clan show-up this will turn around on moment of days.

I believe the crypto world will change for better though the price is not encouraging but it will change for good

Great analysis there from Joe Saz, I particularly think he was immaculate talking about XRP there. I don't know about Cannonball but it seems like a really gloomy one. Awesome stuff you guys are going