MJK MLM Trainer Coach

Tech is overwhelmed with the speed of light and 21st century open the gateway and submerge the concept. The quote by Marshall Mcluhan manifest it.

Yesterday I was in the middle of tight schedule and didn't have a chance to contribute Legendary so as contemporary artist Andy Warhol's master piece of wisdom. without being too much hyperbole here is his quote.

Shooting to the moon during corrections

1BTC $49,131.38
1ETH $3,780.09

Bitcoin chart is on the bearish scenario within two months including TESLA Elon Musk tweets significantly lower, As of this writing Bitcoin is trading between 46000 $ - 49000 $, other fact is because mostly don’t use lighting network , lightning network is speed up transaction in order to useless of bitcoin blockchain. Recently European bond market is investing billions of dollar on ethereum network and sudden spike make one ethereum price of 4500$ which is all time high on a history of altcoin. Regardless of TESLA CEO Elon Musk tweet and late night jimmy fellon shows and price instability , the institution demands remain high and that could be the good sign for crypto markets.

Without being foretold let’s get back to our altcoin ethereum , Ethereum price is hike from 3900$ -4300$ without any corrections and market downside. Two weeks chart have shown that the bullish scenarios is on the upper hand. RSI ( relative strength index) shows healthy mark of price. If the price plunge back under 3100 $ next few weeks the trend line will alter to another price line.

Following speculations are solely opinion by MJK crypto ,every trades have risk involve and trader need to make their risk management strategy to reduce their lost.

~Matthew Johan Kyaw ( MJK cryptolysis)

Bitcoin leading with 1 trillion-dollar capital

Ethereum 1ETH = 2021 USD
Support price 1ETH = 1650 USD
All high 1ETH = 2040 USD
All Low 1ETH = 1907 USD

Bitcoin has been leading the entire market of crypto around with 65% which is more than half of the market cap in crypto world. Elon Musk drive the market with bitcoin and earn over $600million dollars which could be the bullish signal for cryptocurrency. Inversely the main stream media and government official says crypto will be red flag and could be for criminal use and illegal activities apart from the use of block chain technology, since February 19 many investors from both individual and particular start to make a move to lift up the crypto market capital and crypto avid billionaire like max kieser as well as many more other well known investors across the globe believe bitcoin could hit $200,000 –250,000$ within this year.
Without being foretold, lets Get back to ethereum chart ,ether had been hold for 1900-1950 $ price range for few days and first time in the entire time of Ethereum hit 2000$ price. Which is the huge success for long position holders on a contrary many investors have worry that they will be miss out and accumulating huge amount of ethereum at the price range of 1750$-1800$ price back in few days.
If the price can’t hold for long at 1900$ - 2000 $ range psychological resistance level this could be the signal of short term investors and traders took profit on that level. Then the price could be dip back to 1650 $ support line then it could change the trend line.

Following views and opinion are solely by mjk crypto analyst ,Investing involve risk and make your own self risk managments.

~Matthew Johan Kyaw ( crypto analyst )