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Crypto has found stability

Recently cryptocurrency and bitcoin in particular have seem to be at a point of stability where volatility and volume are moving along at a relatively stable pace. Bitcoin seems to have found a sweet spot around $6,400 while the rest of the market fluctuate very little. It looking like the bears and bulls are currently waiting for some sort f catalyst to spark movement from this calm. Some are saying that the Bakkt move by ICE will be that catalyst but I have my doubts. It is more likely that the rise in crypto will come later in november as th trad war intensifies and holiday season starts. It is likely that as financial problems in the wes continue to incresae we will see a move into crypto sometime in 2019 especially if another recession begins.

There is a reason regulation is happening

creating the regulatory structure that is necessarry to transition institutional funds into the cryptocurrency markets is likely a sign of an impending financial pullback. When the last recession happened massive amounts of money was kept in offshore bankaccounts held by bankers who for all intens and purposes were at fault of fthe economic downturn. now those banks are not able to hide the money so it is likely those funds will make their way into the crypto market as the banks begin preparing for the next downturn that they have been warning us about for years. Those of us that take the warnings seriously are prepared and have diversified assets that will be able to stand the test of time. I am not saying the stock market will die, but there will be a downturn that will create a huge wealth building opportunity if you have properly diversified your assets.

Posted from my blog with SteemPress : http://profitribes.com/sideways-market-waiting-for-a-catalyst/