<center>![Crypto Coin pexels-photo-843700.jpeg](https://ipfs.busy.org/ipfs/QmWBX4rg6VvaWgkeiWMktEup1fmNaEXEWpExqSbq8GMRjc)
</center>
<center>[Source](https://www.pexels.com/photo/four-assorted-cryptocurrency-coins-843700/)</center>

<div class=text-justify>The 2019 uptrend in the cryptocurrency markets have been taking a breather the last couple of days with some drops taking place since the recent highs we have seen.  However, the market seems to have continued to rotate between assets to demonstrate some trends that are continuing. I have been looking at a couple of the indicators that I have been watching to help me determine when is the best time to scale into some positions for my portfolio.<p>

The key metrics that I continue to watch has been bitcoin dominance as I feel it is is a good indicator of the overall sentiment of risk among market participants. It briefly fell below 50% for the first time since August 2018 and it encouraged me to dip my toes into the market. I continued my Steem purchases as it continues to be the main asset I am adding to overall.  However, I had seen Ethereum underperforming a couple of assets and believe that potential remains within the network considering the changes they have seen and continue to see on their roadmap.  My perspective is that the move towards POS will be a positive one for the ecosystem and could create a great asset for passive income.  Therefore, I have started a process to scale into it to add to my position with the thought of staking the position in the future.  Considering that the price remains below $200, it seems attractive to me.

<center>![Screen Shot 2019-04-18 at 8.11.53 PM.png](https://ipfs.busy.org/ipfs/Qma7GhYxfZC6yg9w2vrm6fFWjYWTdurTWPqFwSRgPLQafY)
</center>
<center>[Source](https://www.coingecko.com/en/global_charts)</center>

The bitcoin dominance increase we have seen has demonstrated that interest in the cryptocurrency markets continue to be led by bitcoin itself.  As seen by the volumes earlier this month, most new money was probably put into bitcoin itself which is why dominance has recovered to be over 50%.  This has led some of the leaders like Litecoin and EOS to have pullbacks in excessbof 15-20% and not participate in the rebound seen the last couple of days. This has probably also been due to some profit taking from investors that have seen the substantial increase in prices in some of these assets as a selling opportunity to get profits secured before determining next steps.  I, myself, have an “extra” position in Litecoin that I may consider selling if it continues its rise. I would not pull it out of the market but instead look to add to other assets I have in order to buy down their average costs.  Most of my portfolio is still under water considering that I diversified at the middle of last year.

Volumes remain strong despite pulling back a bit will Tether continues to see the highest level of turnover around as it trades in excess of $10 billion a day despite having a $2 billion market capitalization.  That means that the average Tether token is traded more than five times per day!  However, it also has Tether still in the Top 10 of market capitalization which tells me that there is still plenty of caution amongst the market participants. The FUD related to Tether has seemed to have all but disappeared as ot continues to leave the other Stablecoins look very small despite a growing market.  It is a concern I have as I want to move a portion of my total invested assets to a Stablecoin but want it to be one with liquidity in addition to a strong backing and transparency. Time will tell if others will grow but it seems like a one project industry at the moment.

The combination of these factors has me hesitant on the direction the market will take.  I do feel that the bottom is in even though there is still a chance we could see new lows given the way prices seem to be attracted to the over year old trendline. However, I would not be surprised and would actually enjoy some period of stability as assets reset for some price discovery at these levels. That leads me to support scaling into projects we believe in for the long term.  Unfortunately, it also put pressure on my own thoughts about Steem in the short term.

<center>![Screen Shot 2019-04-18 at 8.12.58 PM.png](https://ipfs.busy.org/ipfs/QmbP5LdWkf3vvjkz6woTz6heGD18prstAYbXozPCxcCzDs)
</center>
<center>[Source](https://www.coingecko.com/en/dashboard)</center>

Steem has been underperforming despite a strong start this year. While it doesn’t stop my periodic purchases, the underperformance moves me to look elsewhere in search of better returns.  The fact that the supply of liquid Steem continues to be high, is an overhang to the thesis of strong demand for tokens in the ecosystem.  Therefore, I thinks its underperformance will continue until a catalyst arises like MIRA or SMTs but wouldn’t bet on it.  The only other catalyst that would get it moving again is the one that has made it move in the last which are new exchange listings.  I believe there is a group working hard on that so we need to keep our eyes out for these initiatives to support them when the community is called upon.  Nevertheless, Steem remains my main focus here and long term given the opportunity to create value that exists here already.

Lastly, what will be interesting to see is how cryptocurrencies move in comparison to general financial markets which themselves have had quite a move higher since the end of 2018.  This has many thinking that the Central Banks are incentivizing risk taking which bodes well for cryptocurrencies as an asset class.  However, it also adds to the volatility as move will be driven by the flow of investor sentiment more often. As the market continues to evolve, it will surely make for some exciting moves!</div>

<center>https://cdn.steemitimages.com/DQmex9uCLNgwTXDbBMDD9QYRFh8CmBJrGdwjy9UKko9fgHq/newageinv.gif</center>

Discord:  @newageinv#3174

Chat with me on Telegram: @NewAgeInv

Follow me on Twitter: [@NAICrypto](https://twitter.com/NAICrypto)

The following are Affliate or Referral links to communities that I am a part of and use often.  Signing up through them would reward me for my effort in attracting users to them:

If you are like me and interested in continued personal growth, invest in yourself and lets help each other out by leveraging the resources Minnowbooster provides by using [my referral link](https://www.minnowbooster.com/referral/530636)

Start your collection of Steem Monsters today at my [referral link](https://steemmonsters.com/?ref=newageinv)

Try the Partiko Mobile app to engage while on the go with my [referral link](https://partiko.app/referral/newageinv)

The dice game that has captured the attention of many Steemians is here!  Earn your tokens and try your luck [here](https://magic-dice.com/?ref=newageinv)!

Check Out the New Way to Interact with Other Social Media using my [referral link](https://share2steem.io/?ref=newageinv)

Get started on the latest game on the blockchain Drug Wars by signing up [here](https://staging.drugwars.io/#!/ref/@newageinv)!

If you select one of my above referral links, I will sponsor a @steembasicincome SBI in return.  Let me know if you do so in the comments below!

<center>[<img src="https://steemitimages.com/DQmSQnxEBigCNXYe3hUB5ujRMmAvq1r851wGFc5LwZTkfRv/rebelheart.png">](https://steemit.com/qurator/@qurator/qurator-4-0-or-new-multiplier-system)</center>

<sub><sup>DISCLAIMER: The information discussed here is intended to enable the community to know my opinions and discuss them. It is not intended as and does not constitute investment advice or legal or tax advice or an offer to sell any asset to any person or a solicitation of any person of any offer to purchase any asset. The information here should not be construed as any endorsement, recommendation or sponsorship of any company or asset by me. There are inherent risks in relying on, using or retrieving any information found here, and I urge you to make sure you understand these risks before relying on, using or retrieving any information here. You should evaluate the information made available here, and you should seek the advice of professionals, as appropriate, to evaluate any opinion, advice, product, service or other information; I do not guarantee the suitability or potential value of any particular investment or information source. I may invest or otherwise hold an interest in these assets that may be discussed here.</sup></sub>


---

#####  <sub> **Sponsored ( Powered by [dclick](https://www.dclick.io) )** </sub>
##### [[DCLICK HTML Ad] - Earn Steem from your blog or website!](https://api.dclick.io/v1/c?x=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjIjoibmV3YWdlaW52IiwicyI6Im1pZC1tb250aC10aG91Z2h0cy1vbi10aGUtY3J5cHRvLW1hcmtldCIsImEiOlsidC0xNDg4Il0sInVybCI6Imh0dHBzOi8vc3RlZW1pdC5jb20vQGRjbGljay9kY2xpY2staHRtbC1hZC1lYXJuLXN0ZWVtLWZyb20teW91ci1ibG9nLW9yLXdlYnNpdGUtMTU1MDYxNjI4MzYyMSIsImlhdCI6MTU1NTYzMzc0MywiZXhwIjoxODcwOTkzNzQzfQ.uhiPkqeLFSFmDYH9_LzzIHOYTf70rasLI0Gl9caftBg)
<sup>Hi Steemians. Today, I'd like to introduce you to th...</sup>