Investing
Haven
No Result
View All Result
Tuesday, January 26, 2021
  • Login
  • Premium Services & Login
  • 2021 Forecasts
  • Commodities & Gold
  • Stocks
  • Crypto
  • Mission 2026
Crypto investing >>
Investing
Haven
  • Premium Services & Login
  • 2021 Forecasts
  • Commodities & Gold
  • Stocks
  • Crypto
  • Mission 2026
No Result
View All Result
Investing Haven
No Result
View All Result
Home Trendwatching

Is the Cryptocurrency Market Turning Bearish in June 2018?

by Taki Tsaklanos
June 10, 2018
in Trendwatching
0
Tags: 2018 ForecastsADABCHBTCCryptocurrencyEOSETHLTCXLMXRP
cryptocurrencies crash
2k
VIEWS
Share on FacebookShare on Twitter

This is an important time for the Cryptocurrency market. In fact we are at a pivot point for major Cryptocurrencies as stated in our article from last week. Therefore, we publish the ‘latest and greatest’ update on the state of Cryptocurrencies at press time.

Most important, we are going to answer the question top of mind for most readers and subscribers: Is the cryptocurrency market turning Bearish in June 2018?

Short answer is: No, at least not yet. But the line in the sand is clear and the chart below shows clearly how (1) Cryptocurrencies are close to a major pivot point (2) We are seeing what looks like a decent opportunity to enter this market rather than a Crash.

However, investors need to be objective by understanding that if the index drops below the green channel and does not recover quickly (say 48 hours) it might damage the uptrend and it might take a while for prices to recover. As much as the cryptocurrency market is notorious for its quick recoveries, a real crash could be devastating and we actually haven’t seen a cryptocurrency market crash yet.

That’s why we always urge our subscribers to be clear about their timeframes (how long they can hold): The price would usually go back to test the breakdown level (which then becomes a strong resistance) and provide a decent exit point. Otherwise, if you can’t hold for a long term, or you do not quite see (read believe) the potential in Cryptocurrencies, better to cut losses short and wait for a better entry.

The Cryptocurrency Market is not Turning Bearish in June 2018

This is one of the charts we derived from our June 2018 Cryptocurrency outlook: top 8 Cryptocurrencies are still in a rising channel, at the bottom of the channel to be precise, and that makes for a great entry for the longer term.

Is the support going to hold? we believe so and that Cryptocurrencies are going to perform strongly in the second half of 2018. The higher lows annotated on the chart are important positive signs to watch.

The prices / index average has to start moving up, however, and, preferably, pretty soon, for this outlook to materialize. By soon, we mean within the next 4 to 6 weeks. This will be crucial for the uptrend to continue.

Looking for more insights in the crypto market as well as top Cryptocurrency and Blockchain stocks picks? Join our Blockchain and Cryptocurrency investing research >>

Cryptocurrency market 2018

Chart courtesy Goldchartsrus

  premium service trade alerts   premium service trade alerts   premium service crypto teaser  
Taki Tsaklanos

Taki Tsaklanos

Taki has +15 years of experience in global markets. His methodology is unique and effective, yet easy to understand; it is based on chart analysis combined with intermarket / fundamental / sentiment analysis. His work appeared on major financial outlets like FinancialSense, MarketWatch, ... Email: taki.tsaklanos@gmail.com. Twitter: twitter.com/investinghaven

  • Trending
  • Comments
  • Latest
silver prices

A Silver Price Forecast For 2021 *Silver 30 USD Underway*

January 2, 2021
gold price

A Gold Price Forecast For 2021 *Gold 2200 USD Underway*

January 2, 2021
dow jones

Dow Jones Long Term Chart on 20 Years *10 Must See Charts*

October 26, 2020
dow jones

A Dow Jones Forecast For 2021 *New All Time Highs*

January 2, 2021
lithium mining stocks

Lithium Stocks on Fire In 2021

0

Protected: [Emerging Markets/Gold/Silver] Heads up Template

0

Protected: [SPY] Heads up Template

0

Protected: [GOLD] Buy Alert Template

0
lithium mining stocks

Lithium Stocks on Fire In 2021

January 24, 2021
bitcoin trade

Is This Topping Pattern In Bitcoin Really Concerning?

January 24, 2021
bulls bears

Stocks Ragingly Bullish But Do These Charts Suggest A Better Entry Level Is Underway?

January 24, 2021
attention

‘Watchout Chart’ For February 2021: US Dollar

January 24, 2021

Connect with InvestingHaven

Receive top notch forecasts for free.

*We hate spam as you do.

Categories

  • Premium Services & Login
  • 2021 Forecasts
  • Commodities & Gold
  • Stocks
  • Crypto
  • Mission 2026

Site Navigation

  • RSS Feed
  • About us
  • Sitemap
  • Privacy & Disclaimer
  • Terms of Service
  • Contact Us
Investing
Haven

Top notch forecasting with gold price forecast, many stock predictions, cryptocurrency charts. Many investing tips and crypto market analysis.

Copyright © 2021 Investing Haven

No Result
View All Result
  • Premium Services & Login
  • Premium Investing Service
  • Premium Trading Service
  • Premium Crypto Service
  • 2021 Forecasts
  • Markets & Stocks
  • Commodities & Gold
  • Crypto Markets
  • Mission 2026

Copyright © 2021 Investing Haven

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In