The blockchain total market capitalization is at the beginning of a new momentum trend of what it seems the most likely scenario would be a stage 2 trend (uptrend).
Most of our momentum trading bots that trade blockchain assets as underlying's have entered long with stop trailing orders.
The RSI in the weekly chart is of +70.11 for Bitcoin CME Futures and of 68.07 for the total blockchain market capitalization. A very strong trend.
A short-term trend pullback so that afterwards it continues the uptrend is the most likely scenario, but, even if in the end the trend loses strength and it goes to a stage 4 one (bearish), our bots will short-sell the market anyways.
Entering long in equity indices and blockchain assets with algorithmic momentum is the weekly main update from our side.
Most of our momentum trading bots that trade blockchain assets as underlying's have entered long with stop trailing orders.
The RSI in the weekly chart is of +70.11 for Bitcoin CME Futures and of 68.07 for the total blockchain market capitalization. A very strong trend.
A short-term trend pullback so that afterwards it continues the uptrend is the most likely scenario, but, even if in the end the trend loses strength and it goes to a stage 4 one (bearish), our bots will short-sell the market anyways.
Entering long in equity indices and blockchain assets with algorithmic momentum is the weekly main update from our side.