The purpose of this article is to provide some insight over various markets.
We did a recent market review as a webinar which you can view here.
Also we want to thank Lennart Lopin from CTO and Co-Founder of Byte Federal, Co Founder of Quant Geeks and Co-Founder of Mars Coin for the interview on our weekly podcast which you can listen to on our podcast page. This upcoming week we have a special guest that will be providing some insight into reverse mergers, and flags to look for in the Cannabis earnings report.
We are starting to see signs that the market may be poised to push higher as individual coins are seeing descent spikes to the upside. There has also been some price movement in Bitcoin, but nothing that would have us overly bullish yet.
There are definitely some coins starting to take out previous highs over a broader period which is an initial sign the market may be looking to push higher in the short to midterm, but we are not ready to shove all-in yet.
The stock market seems to be in a holding pattern as the market looks for a catalyst to either push higher, or retrace a portion of the bullish swing. China Trade talks, the upcoming earnings season and NFP will all be catalysts that can drive the market one way or the other.
Remember sentiment drives markets, but often events or news can be a catalyst for a change in sentiment. The more a market is on the edge, the more these event can move a market.
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