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Follow me on my personal account for future cyryptocurrency analysis. @KevinDixon
$Total Market Cap - When in doubt - zoom out.
Bears, do you really think we are going to see another low?
This would break all crypto history to say we haven't finished the correction since the Dec 2017 peak.
Crypto was created for a time such as this.
Look at that volume!
On-chain metrics seem to suggest that investors are buying and holding going into the BTC halving.
xitter.cf/kevindixon/status/1254…
HODLer Net Position Change remained positive as BTC plummeted and, in the latter half of April, climbed to yearly highs suggesting that not only did long term investors hold steady - they capitalised on the discounted BTC and increased their positions.
insights.glassnode.com/buyin…
$Total Market Cap: Even though there is a wedge shape, this is NOT a Leading Diagonal.
Looking to finish the cyan 5th wave around $257 - $267 Billion, a correction & then up from there.
When do the institutions & retail investors start looking for a hedge against inflation?
I agree with this assessment. Somehow, I accidentaly removed my $XRP Bittrex chart from my watch list.
But because Bittrex is a preferred partner with #Ripple & they use #XRP to move funds, the volume & On Balance Volume here is significant.
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The "Reset looms" ... not my words but the words of an attorney & former CFTC commissioner appointed by Trump.
Money Reimagined: As Tech, Politics and COVID-19 Collide, a Global Reset Looms coindesk.com//money-reimagin… via @coindesk



















