In this video I take a look at the Ripple XRP chart to see that the price has consolidated and coiled up very tightly. We should expect a breakout at any moment.
I also review the Altcoin market cap chart along with discussing the stock market. This morning, the economic data was released for the initial jobless claims in the United States, with 3.28 million people filing for unemployment in the last week. This does not account for those who were laid off that do not meet unemployment benefits requirements, or small businesses. I expect the data and news to continue being unsettling, until the Dow Jones Industrial Average reaches into the 16,000… then… I expect things to change, suddenly.
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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.