Hello, hello and welcome to the 56th Market Outlook; and what a week it has been. After many weeks of consolidation and anticipation, we finally broke the range support in Bitcoin and with it sent shockwaves through the rest of the market. As such, there is plenty to cover in today's post. I will be looking at Bitcoin, Ethereum and Monero, as usual, as well as providing an update on EOS and outlining a lowcap opportunity in adToken:
Whilst the past week has presented little movement of note in Bitcoin, with the weekly range safely inside the previous week, large-cap altcoin have begun to show the signs of life expected of them at this stage of the market cycle; particularly concerning our thesis on EOS/ETH moving forward into Q4, but more on this later. In this week's Market Outlook, I shall be looking specifically at the Daily time-frame across Bitcoin, Ethereum and Monero, as usual, as well as EOS due to its significance as a sentiment gauge for the altcoin market.