In this video I discuss the state of the market by reviewing the digital asset charts. First, we review the Bitcoin block halving, followed by the Bitcoin price chart. The BTC chart shows us that the monthly candle close for January was a bullish engulfing, which is great!
We also noticed this for the altcoin charts. The crypto market cap showed a bullish engulfing candle for January, taking out December, November, October and September.
However, the XRP chart has not reached out to the same levels. Why?
I review the past, showing how Ethereum price, Dash price and the Litecoin price all moved at different paces than XRP’s price did back in 2017.
In order to survive that market, investors needed to have “strong hands” and prevent getting shaken out with “weak hands”.
Thanks for watching!
Hi, I am the Blockchain Backer, bringing you the latest crytocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.
DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions.