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Long-Term Cryptocurrency Update: Bitcoin, Ethereum, Ripple, Litecoin, and Dash

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Long-Term Cryptocurrency Update: Bitcoin, Ethereum, Ripple, Litecoin, and Dash

Introduction

This article was posted on Saturday, 18:39, UTC.

The crypto-correction continues in earnest this weekend, with Bitcoin leading the way lower this time around, “catching up” with our previous roadmap for the correction. The most valuable coin is testing the developing long-term base formation after spiking below the $2000 level earlier on today. BTC/USD Daily Chart Analysis The other majors are following BTC lower, although Ethereum held above its prior low so far, together with the majority of the smaller coins. The long-term charts are getting oversold after the broad and deep correction, and sentiment is starting to get gloomy enough for a long-term bottom. While the short-term…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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