Cryptos on the Rise
So as many of you now have noticed the crypto markets have tanked over the last few days. This is largely due to the rejection of a bitcoin ETF. Since Bitcoin is the Driving Asset driving this market any news having to do with it usually has a large effect on money flow to the entire market. Although, this sharp drop of crypto is a huge opportunity for Longterm Investors as well as Short term Traders. This is because there is another meeting to choose whether to accept a Bitcoin ETF in September and if this is accepted that would mean huge amounts of money would be flowing into the market. In addition to this, there are some extremely good Price action trade set ups that are very Bullish in many of the Crypto markets. One of my Favorites is LiteCoin due to its lower cost, Faster Transaction speeds, as well as the great Trend line set up. Take a look into this all for yourself
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