Market Wrap: MASSIVE bullish reversal on Bitcoin, bottom in on STEEM and local currency charts for any alt-coin!

in #bitcoin7 years ago (edited)

BTCUSD

... MASSIVE bullish reversal candle on Bitcoin following yesterday's carnage. Was planning on cost averaging, but didn't even get the chance: pair bounced right off 3600, negating all prior losses and finishing the day higher at 4080. Corrective low appears to be in and we should see a return to the record highs, followed by bullish continuation over the coming sessions:


ETHUSD

Ether traded finished the day lower yesterday, but continues to carve higher lows. Pair remains bullish as long as we are closing above 286. Initial resistance is 350, with a break above there targeting the 380-412 zone marked by the record highs:


STEEMBTC

STEEM traded as high as 37.50 yesterday, before finishing the day slightly lower at 31. I maintain the bottom is in and patiently await a break above the channel top/Sunday's highs to confirm:



ALTFIAT

As per yesterday's post, I've coded a Tradingview indicator that displays historical price data for STEEM vs all major currencies. The indicator doesn't just work on STEEM though, it will give you historical price data in your local currency for any alt-coin. As such, I thought I'd name it ALTFIAT.

The indicator and code are public on Tradingview, so anyone can use or modify (but please give credit where due). To add the indicator to your alt-coin chart, simply click the indicator button and search "altf" and it will show up:




Let's put this baby to work:

STEEMAUD



STEEMUSD



SBDUSD




That's me for the day folks, look forward to seeing this handy little indicator on some of your charts!



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Thanks will definitely use your steem fiat indicator.

I like the look of the break up of the descending triangle on steem usd, which it then retested.

Expect it to retest $2 before steemfest. And if we get good news on communities and the native apps, we could see new highs

Awesome - good to hear :)

Yeah I really like the look of those fiat charts - the BTC one's a bit scary at times!

When is SteemFest?

starts the first of november


Everyone looking to invest in this ICO you can do it now with no worries. and don't miss your chance to get ATS tokens for a price you'll probably never see in the future.Authorship is currently in the token sale stage, and is offering $10 USD worth of their ether tokens for free if you signup with them. http://bounty.authorship.com/ref/i8101112 They are “Making the Internet More Free and Accessible For Authors and Readers”, basically a decentralization form of the Internet for content creation / sharing. The tokens will be sent out at the end of the bounty period (less than one month) and can be kept, or converted to another cryptocurrency or just cashed out.

@buleth, thank you so much, great content! I will follow ;)

Very nice post thanks for sharing

Thanks mate

very nice post amazing

I kNoW rIght? iSnT iT jUsT aMaZeBaLlS? :)

Thanks for the indicator mate. Very nice work!

No worries, pretty interesting - I had no idea STEEM was up above $3 AUD just before we got involved!

excllent posting on steemit ,thank you

Glad you enjoyed

very nice analysis

Thanks Sharoon - appreciate it :)

Looking at the Steem/fiat charts, Steem seems to be quite stable, right?

Exactly, that's my take-away. It's easy to get a bit lost with everything priced in Bitcoin and Bitcoin moving so rapidly. STEEM appears to quite stable against FIAT currencies despite recent weakness against Bitcoin.

Great
Thanks for sharing

excellent your post congratulate you

Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.Congratulations! This post has been upvoted from the communal account, @minnowsupport, by bulleth from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the

UPVOTED.
very good.
I would be happy if you like to follow me and give your opinion about my posts.
Thanks.

This post has received a 0.63 % upvote from @drotto thanks to: @banjo.

Wow
Nice work sir

Awesome article, cryptocurrencies are changing the world. Today Bitcoin is leading and I hope Steem will also perform well in future.
Very informative article, thanks for sharing. You can also visit my blog for more information on cryptocurrencies.
My Blog : @smartgee

You sir are a gentleman AND a scholar :) Always putting out good info

@bulleth you shouldn't say things like that on the blockchain

GREAT POST , KEEP THE GOOD WORK
FOR BITCOIN AN ETHEREUM i am sure that we will see a ne record in the price of this 2 digital assets durring the next month , but steem will not move

Hi @bulleth. You know what you're talking about! You might find my competition easy pickings then, it's called "Battle Of The Crypto Coins". Basically the winner is decided by who chooses the coin that has the greatest percentage increase over the week. 1st Place wins $50 Steem Dollars, 2nd Place wins $25 Steem Dollars. There have been 10 entries so far. Hopefully you'll have time to enter by Sunday 20:00 GMT :)

wow Very interesting Really beautiful work, ThankS you for sharing

pleas send me 0.002 bitcoin in my wallet address pleas help me

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my wallet address
1MZyQWNbQj7F55hxGdbMfZu9T8tDtvnME1
pleas send me i am very upset pleas help
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jw do you think steem will be over $2 soon?

I might answer if you actually up voted the posts you commented on once in a while instead of just selfishly up-voting your own comments ...

Hi ,
Thanks for the great content

Hi, so glad you enjoyed my content and gave me a 1% upvote. Your comment was just awesome too, it really deserved that 100% vote you gave yourself. It's people like you I create content for - you make Steemit such a great place!