Please watch my video for my perspective and review.
In the last 7 days we have seen 20 billion dollars wiped off the market capitalisation for the entire crypto sector.
In the last 30 days we have seen 3 major corrections and 1 smaller correction which is good for the market.
We have seen a resistance point of approx. 112-115 billion market cap, 4 times, before each correction which will gives us a heads up before the next surge.
Will it correct again at around 115 billion?
Will it push through 115 billion with the all time high of 117 billion being surpassed?
Where are we heading in regard to the next three months?
I feel once we see the ICO’s start to settle down we will find a more solid flow of funds enter each existing coin however what concerns me is the amount of ICOS that will arise in the short term.
ICOS are effecting the coin price at an individual level due to the attention being moved towards these ICO events and the money being set aside for these ventures.
I personally feel we will see a major surge very soon and again it will be influenced by some big players and certain events around the world which will create new energy into the crypto space.
We are only at the beginning and the next 2 years will be mind blowing.
Follow Sebastian – @sebastianjago
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