BTC/JPY - weekly Analytics + Altcoins 25.05.2020
In our opinion, the price continuing to be within the corrective frames,
that indicates passing of approximately 50% of the entire impulse movement which formed from 13.03.2020.
Investors' sentiment is at neutral levels and slightly shifts from a little optimism to pessimism, that also confirms our expectations.
We assume the volatile correction will last during 1-3 weeks.
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH,SAN,IOT)
We also emphasize ETH, LTC and EOS coins which were noticed in our previous reviews.
The situation in these instruments depends completely on the forming movement in BTC.
We expect that correction models will form approximately at the same time as in Bitcoin (1-3 weeks).
that indicates passing of approximately 50% of the entire impulse movement which formed from 13.03.2020.
Investors' sentiment is at neutral levels and slightly shifts from a little optimism to pessimism, that also confirms our expectations.
We assume the volatile correction will last during 1-3 weeks.
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH,SAN,IOT)
We also emphasize ETH, LTC and EOS coins which were noticed in our previous reviews.
The situation in these instruments depends completely on the forming movement in BTC.
We expect that correction models will form approximately at the same time as in Bitcoin (1-3 weeks).