A relatively uneventful session overnight in all major cryptocurrencies. We are starting to see some more signs of bottoming with volatility starting to contract. An interesting observation i is google trends for ‘bitcoin’ reaching new lows. This is by no means an indicator, but does demonstrate perfectly the fear/greed dynamics we saw throughout 2017. We are also starting to see some pivots form on top of key moving averages such as Litecoin which has now regained the 20MA & 50MA. Some others are setting pivots just below those key moving averages such as Bitcoin, Ethereum and Neo. Range contraction leads to range expansion so we can expect increased volatility over the coming weeks.