Categories: Market Analysis

Technical Analyst: There Is No Bubble at This Point

In a wide-ranging conversation with The Merkle, the co-founder of The Chart Guys explained why he doesn’t believe the current cryptocurrency market constitutes a bubble.

“The great thing about this market is that when one coin, when Bitcoin cools off, the money is going to go somewhere else. And that’s because, in my opinion, there is no bubble at this point. I think it’s reached enough mainstream adoption . . . I think that we’ve seen enough gains and enough continuation that there is always going to be big money looking to buy significant dips.”

In the interview recorded November 9, Dan from ChartGuys.com suggested that the Bitcoin price could pull back significantly following the previous day’s SegWit2x fork postponement and the subsequent all-time high.

He reacted to recent gains among altcoins, commented on barriers to entry in the traditional financial markets, and weighed the strengths and weaknesses of trading robots.

Related Post

Dan also discussed his company’s new alert system for cryptocurrency traders, detailed his approach to trading and his philosophy on money, and explained why he’s long on Golem.

Check out the podcast here:

Noah Detweiler

Noah Detweiler is a market commentator and digital nomad currently based in Boston, Massachusetts.

Share
Published by
Noah Detweiler
Tags: Podcast

Recent Posts

BlockDAG Nearing its Mainnet Launch Defying Expectations, More on Aptos and ICP Prices Amid Bull Run 2024

In a fluctuating crypto market, key players like Aptos and ICP are experiencing mixed fortunes,…

1 hour ago

BEFE Coin’s Spectacular Rise: From Newcomer to Top 100 Meme Coin Phenomenon

Memecoins not only bring laughter but also the potential for significant earnings. Remember how Dogecoin…

6 hours ago

Massive Gain Alert: Bitgert Coin Projected to Surge +600% – The Best Cryptocurrency Investment

Here comes a price Surge that will bring great fortune to cryptocurrency investors. In the…

6 hours ago

BDAG Enhanced Dashboard, Outperforming Retik Finance’s Debut

BlockDAG Unveils Revolutionary Dashboard, Leaving Retik Finance’s Uniswap Launch in the Dust - See the…

20 hours ago

BlockDAG’s $28.5M Presale Triumph Over Bitcoin ETFs & Dogecoin

BlockDAG Tops Crypto Gainers with $28.5 Million Presale During Bitcoin ETF Boom & Dogecoin Rally…

1 day ago

Golden Opportunity: Experts Confirm BEFE Coin’s $100 to $200,000 Projection!

With the correction phase being over, the cryptocurrency market has added a substantial $180 billion…

1 day ago