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Hacked: Hacking Finance Posted by Mate Cser on May 28th, 2017. Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

The major coins are sporting massive gains this morning after the crash of the previous sessions with Bitcoin trading near the $2250 level after bouncing off the $1875 support. As long as the short-term downtrend is intact, bounces should be treated with a grain of salt, while keeping an eye on the crucial support/resistance level just above 2200.

NEM and ETC are up by around 50% from their minimum levels, and Ethereum also jumped by 35% today, while the other majors are trading 20-30% higher. Among the rising starts, Golem is showing the most relative strength, as it is trading very close to its recent highs after a whopping 70% daily rally.

The charts still look wounded concerning short-term trends, despite the quick recovery, so more consolidation is expected before a sustained move higher. Given tomorrows US Memorial Day holiday, Tuesdays session might be very important.

Stay safe out there!

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Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

Bitcoin Bitcoin spiked down towards the first main support zone

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Cryptocurrency Update: Strong Bounce After the Massacre | Hacked ... - Hacked