I would urge people not to jump on the bandwagon now, unless they're long term traders. (even though it broke out of the chart)
Such a high volatility can't be predicted accurately, however I am convinced that it will pull back inside the yellow channel.
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I base my long term crypto analysis on many criteria. (patterns are self fulfilling prophecy of traders and we should abolish it)
1. Quality of the distributive system (quality of the incentives and programs behind the currency)
2. Market cap
3. Supply
4. Total crypto market
5. Popular vote
Such a high volatility can't be predicted accurately, however I am convinced that it will pull back inside the yellow channel.
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I base my long term crypto analysis on many criteria. (patterns are self fulfilling prophecy of traders and we should abolish it)
1. Quality of the distributive system (quality of the incentives and programs behind the currency)
2. Market cap
3. Supply
4. Total crypto market
5. Popular vote