Fundstrat Global Advisors advise: buy crypto

14.06.2019 / 09:45

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It seems that for the crypto currencies more gains are ahaid, so Fundstrat Global Advisors recommends that investors buy digital currencies at this time.

The Index of Relative Strength has begun to point upward from its neutral position to the present. This confirms the presence of a strong trend market. This is also indicated in the Fundstrat's recommendation. They also advise investors to remain patient after the big price boom in May because there is evidence of renewed strong growth potential.

Considering the current consolidation, especially with Bitcoin, it seems that bulls are trying to shape the next impulse upwards. For Bitcoin, the Fundstrat is expecting a new impulse with an attempted $ 8,800- $ 9,000 attack.

Fundstrat was founded by Bitcoin bull Tom Lee, who also pointed to the enormous potential of Litecoin. He noted that it was precisely the "silver" in digital currencies that led the December rally month.

Source: Bloomberg Finance L.P.

Graphs: Used with permission of Bloomberg Finance L.P.

Trader Martin Nikolov

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Fundstrat Global Advisors advise: buy crypto

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