/biz/ - Business & Finance

Let's discuss this faggots. BTC hit oversold on weekly RSI (Bitstamp), but still blew through both the 200 MA and EMA. JP Morgan predicts two consecutive quarters with negative GDP growth, which is textbook recession. For crypto to remain a relevant asset class, a breakthrough is needed, to both remove the correlation with the equity market, and to start the race to the moon. If this does not happen, we are literally going to zero.
I am very much expecting a bounce from this ~4800 USD area, but given the apparent dependence on the general economy, bleak times ahead.

What are anons picking up during this altcoin sale?
I am looking at XRP
>inb4 scam coin
and also looking at NEO or adding to my link stack.

Emotional faggots, people on minute charts and pink wojaks can fuck off.

>>13956423

>>13950386