Bitcoin news has been quiet for a while, huh?
Now could be a time to start sneaking in (do it, NOT to make money, but to EDUCATE yourself).
Last year, May 5, 2017, I wrote this blog post. At that time, Bitcoin (BTC) was $1545 and Ethereum (ETH) was $95. Even after the insane run up and subsequent crash, today’s prices are BTC = ~$8100 and ETH = $466.
BTC has shown nice price support and has shot out of a Head-and-Shoulder chart pattern. H&S is a typical pattern found at major turning points (according to classical chartist, Peter Brandt).
ETH is forming an Ascending Triangle pattern. I love this pattern because it provides a nice risk-reward setup. Buy up to $480, sell if it drops below ~$450.
Look, I’ve written this from a trade/investment perspective, but going back to my article, “The best thing you can do is educate yourself”.
Open a Coinbase acct, buy $10 worth, get your own wallet, and move the coins around.
See what it feels like to hold digital currency. It’s a little scary, if I’m honest, but I’ve learned a lot and it’s tempered my excitement about decentralized cryptos for the masses (at least for western civilization).
If you really want to roll the dice, look at 0x coin. 🙂