And without further ado, my fav 3: BTS, STEEM and SYS, in that order.
In my opinion, these are the real leaders if you’re looking for early signs of general strength. To be sure, there are others, like ETH and LTC to watch closely, but more for confirmation, in my opinion, since BTS, STEEM and SYS are three of the few “hot currencies” in crypto today, again, based on what I’m seeing and what my analysis is telling me.
Read the "The Dos and Don’ts" here if you're not aware of my rules.
From the technical point I can see clearly Steem and BTS right below 200MA while consolidating with very low volume we should expect a bigger move. I like MACD in all three turning upside. In the last few days I noticed Steem outperforming market. If we break 200MA with high volume, then consolidate above 200MA we can get ready for new trend. Until then, we are still sideways. It looks like 1-2-3 reversal is working perfectly just by the book with SYS a bit behind. I also like the Fibonacci retracement which is playing out nicely and Steem clearly forming short therm double bottom which usualy works out to the upside very quickly after the break. Today I’m definitely more optimistic than I was few days ago. I also noticed when we broke the 200MA in mid April with high volume how this new support at 61.8 fib held nicely especially in Steem. Isn’t it coincidence?
Fundamentally I’m sure you did your homework, these are great coins with bright future!
I'm watching things closely for a possible 1-2-3 reversal. As you say, it looks like these three may have the wind to their backs!
@cryptographic,
STEEM, STEEM, STEEM this is my best choice! I thing the big news SMT will be here anytime! With that it might be rocketing! One more thing, after reading your article I have noticed SysCoin!
Why did you recommending that coin? It's a POW currency! Personally I don't believe on POW! For me it's a decreasing technology!
Anyway, the future with STEEM, BTS as safer than ever! I am really happy about my investments on them!
Cheers~
Syscoin has plans to convert to a DASH style masternode PoS hybrid blockchain. I hate POW too, but I have faith in SYS to implement their plans to leave POW behind.
Yeah i agree with you that Bitshares, Syscoin and Steem are quite the leading role of cryptocurrency specially Steem is on fire no doubt. Steem is consistantly performing well from a month as i hope it will be perform more and more. My thought End of the year Steem will be 15$ above, Bitshares 3$ above and Syscoin 4$ above, what do you think that they can hit more or less? Your valuable prediction help me to hold these great specially for Bts and Sys.
Those are very reasonable and attainable targets in my opinion. In fact, I expect something even better!
Every time I feel the crypto market or even stock market is weak I look at the history. The same I do when it’s strong or skyrocketing. Today my instinct is telling me we may be heading sideways with potential breakout. Even few days ago I was a bit more pessimistic when bitcoin played with 8k level. If we get above 200 day moving average this can easily trigger panic buying. Hey, I wouldn’t worry about it lol. Let’s see how this formation plays out, it could be long therm reversed H&S, I can see the right shoulder forming at least in bitcoin which is a good news for every coin. All coins look great with one move or one great news we can easily get above 200 moving average. Short therm stil sideways with potential breakout, long therm we are reversing the trend, but still sideways until we get higher highs and higher lows. Just recently you coins underperformed, now they are looking much better. It’s amazing how things can turn out in a matter of days. I’m also watching very closely SBD since demand is increasing thanks to delegations which can put pressure on its price. Whether it’s downside or upside we will find out sooner than later. I can’t wait to see how this plays out.
Potential inverse H&S formations everywhere! I just hope the market isn't trying to fake the bulls out.
I am definitely with you on that.
Those coins you mentioned have a big potential.As I mentioned in a previous post of your though there are two things that concern me.
I cannot imagine steem's price to skyrocket and this is why, pretty much everyone in this platform will be a millionaire. but a price of 20-30$ is highly possible for me
I strongly believe steem's and BTS blochchain technology is way better than anything else (even though I would add EOS too in the equation) but I've never seen a coin with billions of supply reach at very high prices. I guess time will tell...
PS. I would also add as final option ZIL. I am watching closely this coin and read everything about it and it also has great potential.
I just wish every coin stops being in BTC shadow and then we ll see their true value
Have a nice Sunday @cryptographic
$20-$30 STEEM is very possible in my view too.
Maybe it's time we saw a billion supply coin with a very high market cap too!
I though that the only “hot” coin was “Verge”.
Steem on mate!
GRS is another one those. 😉
“Hot” and “cheap”, hahaha
The two best indicators of MASSIVE RETURNS
I have huge belive and hope in Steem. Don't know why, i also love to retain in my wallet. I am planning some good investment on the steem.
As a trader, my view on steem is more professional. Steem will bring huge buzz on the crypto market soon. It has more root power than most of the currency. The trade volume and stability also better than most of the top currencies. So, sooner or later it will move to the top. Just a push, what it is all the need.
Bitshare also have also some market leading features. They already have good cap in the crypto market. So, this one is also lucrative to have as alternative crypto to the traders. So, this one is also i am ready to hold.
About,SYS -
Syscoin is the hidden gem. The coin that honestly has a pretty colorful history and age and has been asleep for years. In my terms, it can be seen as the SHOPIFY, AMAZON, EBAY of the blockchain world. With the ability to buy and sell things on it with 95% lower fees than the big competitors, less restrictions on your sale, anonymity, speed, and reliability. It cuts out the middle man that just gouges the community, while keeping all the features you would expect. Its been under the radar though not being in the top 50 coins… But that is all going to change this year. Very fast.
I really like your "good cap" criteria. It certainly does lend credibility. A big plus. And I sure hope you're right about SYS. That would be fantastic.
I am also hoping that, my thought and findings will prove right about them. Mainly, SYS. Just like you said, that would be fantastic.
As predicted yesterday, we went in the direction of my objective at 3.30$. The UP is consolidating till a touched at 3.20$ as you con see on the chart. We are now in the middle of our 2 lines and we should see a break out in one of the direction. Let's hope the market will go break our resistance line at 3.30$.
STEEM is "coiling". You can see it in the triangular shape of trading on the price chart and the indicators as well. Getting tighter and tighter on decreasing volume after a retest of significant low. This could be a bullish reversal building.
Out of these three BTS and Steem are my favorite pickups
BTS :-BitShares (BTS) is a brand of open-source software based on the as blockchain technology as used by Bitcoin. Unlike bitcoins, which do not produce any income for their owners, BitShare can be used to launch Decentralized Autonomous Companies (DACs) which issue shares, produce profits and distribute profits to shareholders. As such, BitShares is about making profitable companies that people want to own shares in, thus creating return for the shareholders. The first DAC launched by this proces was called BitSharesX, a decentralized asset exchange based in Hong Kong.
Steem:-Steemit is a social and blogging platform that runs over the steem blockchain.
I won't go much into the technical stuff as I'm still learning that myself and I find it's better to learn that gradually.
So basically you can earn by posting quality content.
I know it seems too good to be true but trust me it is true.
So what are the things you can do on Steemit.
You can earn by blogging.
You can earn by posting photographs.
There are also various contests going on and you can easily take part in those.
There's utopian.io for developers
Very nice run-down!
BTS and STEEM share the same underlying blockchain technology.
I have watched close only Steem, as it is my main asset. If there is a thing that I am not satisfied with about Steem is the fact that its development does not go so fast/well. There are still a lot of things to be implemented at its core and by now we only see changes of interface...
PS: congrats for upvoting and clearing your comment section, you have managed to bring a lot of great comments and activity here at your posts!
It's working, but this post really got hit. Not sure why.
I guess it is because people missed you :D
Dear @Cryptographic, you are 100% right about Syscoin because Syscoin is a revolutionary cryptocurrency that not only allows low-cost financial transactions like Bitcoin, but provides businesses the infrastructure to trade goods, assets, digital certificates and data securely. It also Lightning quick! Syscoin’s intrinsic value is derived from the decentralized services it provides directly on the blockchain. The blockchain powers all Syscoin services. It is a decentralized system of record hosted by a series of “nodes” on the Syscoin network. Considering other Altcoins, Syscoin is extremely easy-to-use. Awesome functions like NO OTHER COIN. Marketplace, escrow, aliases(identity), data certificates, an affiliate system, wow! I've never seen any question unanswered with Syscoin, they have a great support team on their slack channel. Syscoin is the “hot currencies” in crypto today.
Thanks for your enthusiastic contribution. (I just hope they make the move to masternodes sometime soon.)
I am truly shocked that STEEM and Bitshares are on your list.
The news about the Bench chain for Bitshares and the closing in on SMTs leads me to believe we will finally see both these chains jump into the top 10.
I love the charts....we need the crypto FUD to stop. It will happen sooner or later....
One thing I learned, the longer something channels, the more powerful the breakout.
This thing is huge. Crypto is the biggest, strongest bull market in history. The underlying long term trend is like a volcano ready to erupt.
BTW, FUD? Has there really been a lot of scaremongering? I've been pretty much out of touch - that's why I'm asking.
The usual suspects. Not as bad as before but it still jumps up at opportune times.
I am one to watch what is taking place at the underlying levels and it is truly amazing. People have little grasp how powerful blockchain really is. It is going to be a springboard for so many other technologies like AI.
We truly are at the beginning of something we never witnessed before. The next 5 years are going to see humanity lifted out of the present state of scarcity and poverty into a radical shift forward.
Thanks for the tip. I'm already bullish on Steem, of course, but never really considered SYS. BTS I've had in mind recently, just becaue I think it will be positively affected with EOS mainnet coming soon.
Man, I gotta ask you... Isn't it emotionally draining, having to go through your comments and choose the good ones to upvote? I mean... I went through a few of them and it is sooo obvious that 80% or more of them are only commenting for the upvote.
Trying to put myself in your shoes and jeez... You have my sympathy ;P
(Feel free not to upvote this comment! I'd much rather you checked out my art and upvoted something you liked there instead ^^)
Everyone has 20% SP to "mine" everyday. You need to make 5 comments a day and upvote them. In order to do that, you need quality comments yourself, and those need to be equally rewarded. There was a time when you bought expensive hardware to mine, now you do it by participating. Of course, there is the equivalent investment for what once was hardware now to be made in SP. And the rest? They come and go. This post was invaded BTW.
Cheers
In my opinion bitshares looks bearish.
Although the bts/usd shows an ascending triangle, bts/btc is making a rising wedge with multiple resistances:
In fact I just wrote a whole article about it.
@haejin also made TA with Elliot waves on it, saying that it could go to 0.16$
On the other hand SYS made a nice double bottom 😉 but now it has many long top wicks
I never try to predict short therm prices. I think it’s just a speculation. However, If you are right and BTS goes as low as $0.16 I’m buying additional 10k of them and keep it until it turns in to what I expect from BTS all along. Based on what I think, I expect a LONG term increase. I believe in worst case scenario in about 5 years the price should reach $0.7. With a 5 year investment and If I’m lucky enough to buy it at this $0.16 price you expect, the revenue would be around +- 430%. Your current $1000 investment may turn in to $4,300 in 2023. I’m taking it in a heartbeat. If we don’t get to $0.16 I’m happy, because I’m already invested in BTS.
By short-term I mean a few days to 1-2 weeks. If I can get money glad to "speculation", then I like "speculation".
It will reach 0.7$ way before 2023. Its ATH was 1.03$ on new year eve.
Good for you! I mentioned the worst case scenario. No one knows where it gets in 5 years. I just wanted to show you potential worst case scenario profit. Hypothetically.
Please notice the accuracy of my "speculation" 😜
STEEM has bounced off the PWSH, never traded below it and bounced. Hope to see this continue to provide support and trade up to the next PWSH through $5. LEGGO!
some of the key features of BTS are,
Flexible withdrawal permissions
STEEM : Steemit is a social media platform were you can earn money easily, it's not like Facebook, Twitter, Instagram where you just upload the post and comment on the posts you like. Here you can earn while posting quality stuff, you can earn while commenting on posts you like. And the good thing is here people aren't greedy they support new comers but the thing is you aren't allowed to copy things from Google, only original stuff is allowed...
SYS : Now if you move forward to 2016–2017, alot happened. First, the Syscoin development team created Blockchain Foundry in August 2016, to spearhead the development of merchant-focused platforms based on the Syscoin blockchain and platform. During that time they were able to make the largest strides in Syscoin. Because it had over 2 years to build a LOYAL and CASE USE community, it created the perfect hub for the Blockchain Foundry to be created, with devs all dedicated to the longevity of Syscoin and its platform.
these three coins are nice pickups...
Magoo-2 found a series of multi accounts of a same owner is following your articles to cheat your generous rewards.
Magoo-2 found these accounts are suspicious & can be multi accounts of a single owner. Conclusion is based on last 30 days transactions:
@mumin007
@naqshab02
@muhasib
@sheikhiqra
@hariszahoor
@zahidmalik
@chaddiman
magoo-2
Check our latest multi comment spam update report
I also think these 3 are the hidden gems of crypto
BitShares (BTS) is a brand of open-source software based on the as blockchain technology as used by Bitcoin. Unlike bitcoins, which do not produce any income for their owners, BitShare can be used to launch Decentralized Autonomous Companies (DACs) which issue shares, produce profits and distribute profits to shareholders. As such, BitShares is about making profitable companies that people want to own shares in, thus creating return for the shareholders.
Steemit is a social media platform where everyone gets paid for creating and curating content.
Steemit is a blogging and social networking website that makes use of its Steem blockchain rewards platform for publishers. The Steem blockchain produces Steem and Steem bucks which might be tradable tokens acquired for posting, discovering, and commenting on content material.
Blogging is the key here, you get paid for quality blogging, the blog shouldn't be copied otherwise you might get flagged and people call you a scam.
Things you can do over steem are:
Affiliate Marketing
Product Reviews with Links to the Products on any of the shopping site.
Blogging for Brands.
Blogging for Media Outlets.
Producing and Selling eBooks and Training Courses.
Promoting your talent.
Showing your photographic skills (Steepshot).
Earn by streaming games (Dlive for that).
Earn by singing (DSound for that).
Earn by uploading travel videos (Dtube for that).
And many more...
Syscoin is the hidden gem. The coin that honestly has a pretty colorful history and age and has been asleep for years. In my terms, it can be seen as the SHOPIFY, AMAZON, EBAY of the blockchain world. With the ability to buy and sell things on it with 95% lower fees than the big competitors, less restrictions on your sale, anonymity, speed, and reliability. It cuts out the middle man that just gouges the community, while keeping all the features you would expect. Its been under the radar though not being in the top 50 coins… But that is all going to change this year. Very fast.
Magoo-2 found a series of multi accounts of a same owner is following your articles to cheat your generous rewards.
Magoo-2 found these accounts are suspicious & can be multi accounts of a single owner. Conclusion is based on last 30 days transactions:
@mumin007
@naqshab02
@muhasib
@sheikhiqra
@hariszahoor
@zahidmalik
@chaddiman
magoo-2
Check our latest multi comment spam update report
I saw your post a little late today.
I agree with Steem and Bitshares, they're going to the leading cryptocurrencies in the future. Especially Steem, I'm positive that Steem will have a breakthrough this year and we'll get a much higher price (about 20$ steem).
The launch of SMTs and communities will surely help steem and and increase the price even higher.
About Syscoin, it seems to be the talking points on a lot of posts right now, I've heard good things about Syscoin in a lot of posts.
Also I find EOS missing in your favorites, in my opinion EOS has also got great potential.
These are nice coins for sure, how diversified do you keep your portfolio?
I wonder when we will be able to escape this stagnancy period of prices trading sideways. Coule be over a year if you compare to the BTC crash of 2014.
Do you think Steem is worth buying at the current price if an investor had some spare capital?
BTC is considered the main cryptocurrency. It is the one with the highest capitalization.
But Fundamentally there exists no basis for price discovery so other than pure speculation I can’t see it being a viable store of wealth by any measure.
And with central banks such as China now openly researching and testing block-chain as a solution for digitization of their currency, the way I see is that third party or independent currencies such as Bitcoin will continue to struggle to gain true dominance globally as a store of wealth in the long run.
Steem on the other hand would make a better investment than any other as of now in my opinion as it is backed by this decentralized platform.
May be you are interested about this three coin.There must be some strong reason behind your choice.But i am interested about steem,ltc and of course btc.One thing which is hunting me that when btc price goes down then most of the coin price goes down.But now btc price is doing good but ltc is not going up.@cryptographic sir can you tell me why is this happening?Now about steem price i am also positive about steem,but along with steem SBD price is also matter of concern.Steem is doing good but SBD is going up with steem.I think all the steemian is worried about SBD price.From now i will also look into bts and sys,i am sure that this will be good coin to invest.
magoo-2 found a series of multi accounts of a same owner is following your articles to cheat your generous rewards.
magoo-2 found these accounts are suspicious & can be multi accounts of a single owner. Conclusion is based on last 30 days transactions:
@rupok
@sarahmcdowell2
@razu788
@tangera
magoo-2
Check our latest multi comment spam update report
Excellent review, my friend and an excellent choice of currencies! You are right, the BTS, STEEM and SYS have certain advantages over other currencies, since their movements on the market are very attractive as for investment, as well as for trading. Most importantly, these currencies have passed the test of time, even at the most difficult moments for all cryptography and this is the merit of developers of these currencies. I am sure that the BTS, STEEM and SYS will continue to show excellent results! Thank you @cryptographic
Very good post, sometimes I am confused what is going on with Crypto so far, because I see the price of BTC, Steem and some others have a graph that is not clear. But as you say BTS, STEEM and SYS from these three are hot currencies for now, so the third is your favorite. Will those three Crypto be the best for the future?
Because I've read that now Steem has a new rival, what do you think? Will Steem survive?
Thanks for sharing @cryptographic...
Magoo-2 found a series of multi accounts of a same owner is following your articles to cheat your generous rewards.
Magoo-2 found these accounts are suspicious & can be multi accounts of a single owner. Conclusion is based on last 30 days transactions:
@mukhlis89
@morales
@reynakarina
magoo-2
Check our latest multi comment spam update report
First of all Steem is a cryptocurrency really different from the others, more involving the community than any other currency which is , I consider, as a force.
apart from steem and bitshares i expect NEO to be something worth keeping an eye on
Wow! Very interesting! You are analyzing extraordinarily, sir.
Please give a little comment about the chart below, sir.
This chart explicitly penetrates the top line and rises steadily. BTS It's so incredible.
The volume drops down as the price approaches the peak. This completes the Bullish Ascending Right Triangle pattern.
The reason for this decline is based on the overall decline of the seller. Because the price is approaching the peak.
Seen almost no sellers except buyers. Thank you, sir!
but my favorite char is steem dollar chart, by the way thanks for share your 3 Favorite Charts analytics.
as a smeemit user we love steem dollar and steem analytic chart.
Thank @mrperfects for Replay me.
My favorite chart now steem dollar....because me now only steem user.
i love steem and steemit platform.
There is my honest BTS opinion, First of all you need to look at the design – Is it user friendly ? Well it is not so bad, but it could be better. When it comes to volume of trades on their exchange, it could be also better. But to be honest I invested a lot of money into BTS, so in other words I really believe in this project, it will become huge in upcoming months. Just wait, this will be big ! In 2 years market cap should be like 50 Billions, so prepare for moon landing guys.
Regards @Latikasha
all 3 charts act same. i see macd indicator highlighting bull trends. it's rare to see invest on 3 different coins & all show same trending patterns. impressive chart analysis & valuable information. @cryptographic
@resteemia
Trustless, fast, and able to scale with use, BitShares is a decentralized exchange platform aiming to destabilize the way we currently buy and sell cryptocurrencies. Not content with users having to convert to fiat currencies (like USD and EUR) in order to stabilize their investments, BitShares has created an exchange platform built on the blockchain.I completely agree with this.Bit shares has got a bright future for sure.
Steem already ranking 31 it's really great.I am sure that steem will go a long way.I don't have any idea about syscoin.I am highly interested about ltc,i have got some investment also in ltc.Now i am a bit confused about ltc.Recently ltc is not going well.As a steemian i am always concern about steem.The higher it goes the better it will be for us.
I also hope STEEM can be great, but we will need a lot more people involved. It's not just going to reach the moon because it's useful -- BitShares is damned useful and could solve a ton of problems people face in the real world, but still nobody knows about it.
Steam and BTS have been seeing many years downwards, because after seeing the charts to see the stem some hours later and decided to invest a bit, it has to be in line with the readymade lines to stop it, the improvement section of everyone should expect, before long I noticed that the start market in the market to improve the start-up market. If we break 250m with high volume, we can be ready for new trends in the process of collection,
STEEM he is my best decision! I thing the enormous news SMT will be here whenever! With that it may rocket! One all the more thing, in the wake of perusing your article I have seen SysCoin. For what reason did you prescribing that coin? It's a POW money! By and by I don't accept on POW! For me it's a diminishing innovation. Anyway, the future with STEEM, BTS as more secure than at any other time! I am extremely cheerful about my speculations on them @cryptographic
BTC is viewed as the fundamental digital money. It is the one with the most noteworthy capitalization. Yet, Fundamentally there exists no reason for value revelation so other than unadulterated theory I can't see it being a suitable store of riches by any measure. What's more, with national banks, for example, China currently straightforwardly inquiring about and testing piece chain as an answer for digitization of their money, the way I see is that outsider or free monetary standards, for example, Bitcoin will keep on struggling to increase genuine predominance all inclusive as a store of riches over the long haul. Steem then again would improve a venture than some other starting at now as I would like to think as it is upheld by this decentralized stage.
I can see plainly Steem and BTS directly beneath 200MA, combining with low volume we ought to expect greater move. I like MACD in every one of the three turning upside. Over the most recent couple of days I saw Steem outflanking market. In the event that we break 200MA with high volume, at that point combine over 200MA we can prepare for new pattern. Until at that point, we are still sideways.
Bitcoin 1.53% needs to break this channel upwards for us to see any bullish move. there is a support at 0.618 Fib level!
the bounces off 0.618 are usually the most convincing bounces of 0.618 Fib levels!
When i started trading it was in the year 2000, during the internet bubble, even though i was very young than, i remember how my mind set was during those days. Very similar to what most unexperienced crypto traders have now, thinking no matter what happens, eventually we will go up. If only life was that easy than everyone could become very rich. No wait, almost forgot, only the rich get richer, not the normal guy right? Or is the Blockchain something different this time and will it change the way of life as we have known it for thousands of years? Yeah maybe it will, Bitconnect almost gave us that, it almost worked out :), but BCH will certainly provide that, because BCH will become even bigger than BTC 1.35% 0.58% . Of course it will, because there are so many famous people who have big bags of BCH and are promoting it, than it just HAS to go up, because they never loose! No they don't, because the retail trader provides the liquidity (buy orders) at the highs for them to sell it to you. The BCH fairy tail maybe upsets me the most. I don't know anything about the fundamentals and i don't care, i am only telling what i see from an objective view. Price has been pumped several times, giving the impression that it's really limitless and in the mean time the ones who sold Bitcoin 1.35% 0.58%at the highs and filled their bags with BCH at the lows, are trying to convince the rest of the world that Crypto's will be the best thing ever but most important, BCH will be the king, so don't miss out! This BCH story is just to give an impression on how disgusting this market can be, so it's to show how unexperienced people see it, not what the facts really are.
Its too early to tell, but BTC 3.36% just dropped to the 50% retracement of yesterday's 5 wave impulse. There are a ton of shapes that set up like this, so this is a no trade at the moment....but I will be looking for confirmation of the structure and playing wave 3 if this proves to be the close of 2. Like I have said in the past, set up likely scenarios and update your best case as data comes in. Trade when risk/reward is acceptable to you and when you have appropriate confirmation.
Sir @cryptographic,
please give me your very important analysis and I will be able to analyze and analyze more efficiently in the future. I will give you knowledge about this. I am very careful doing research.
Hi Sir @cryptographic,
First this is not a short term trade though there is a shorter term aspect to the overall strategy. This is an overview of the more in depth article just posted.
Second on S.C. we separate the trades as aggressive or conservative. This is so you can choose the trades based on risk profile. Obviously the more aggressive the trade the more likely it is to fail. I'm looking for a more conservative positional trade here not an aggressive one. This is with the final 1/3 of the money allocated toward this position.
BTC: I added two minor resistance levels at 8289 and 8515 and an add order much lower which I will explain.
7800 is not the actual level that is significant from a Fibonacci standpoint. The actual extension is 7783 and the retrace is 7833. Psychologically its 7800 which is the reason we looked at this number as well as it is close to the mean of the main levels. If you notice I have 7806 on the chart. This is because everyone and there brother, has this level pegged on the chart at this point. I want to stay ahead of the herd not behind.
Note the initial leg terminated at 7925 slightly above both these levels. Actually slightly above 1% of the 0.618 retrace of the overall bullish move. I guess there are others trying to jump in as a first mover. This provides insight to market sentiment as we posted yesterday on S.C. where the article was focused on market sentiment and psychology. Simply buyers are looking to jump in. A break down of 8k would have signaled weakness but this is not what happened. In addition we have traded in a very tight range over the past 12 hours. Normally weak markets gives way quick and that is not what is happening here.
Its Saturday and like many Southerners I decided to go fishing, entering an order at just above a significant extension level at 6620. This is to try and catch a fat grouper. This is one of the third positions I have allocated not a new one. Hits it hits it doesn't no harm no foul. This is a big fish play as I explained in my fishing article.
Other than a fat grouper, I am looking for a retest of the previous 7925 low or a slight extension towards 7806 for a reversal. Now my If / Then statement.
IF we do NOT retest the low before moving higher, the 8515 level is an area to look for a reversal, then a retest of the low. We can not discount a lower low until the 8515 is broken forming an abc corrective move which I put up there as guide.
IF 8515 is broken we will look for a slight pullback and reversal signal to add. A break of 8515 lessons the probability we move lower and increases the probability the correction is over. When I say break this is not WWE 2.21% wrestling. A tap through is not a break. A break pushes through with momentum and continues or we get a close above on the daily. Please understand the difference and this is subjective to say the least.
Other than this it is still "cloudy with a slight chance of rain". We can simply move lower from here, and though I have adjusted the levels slightly, and a deeper correction is possible, this market appears to want to move higher, as evident from the tight range over the past 12 hours and the quick reversal at the top of the support zone .
My personal favorite is BTS. With BitShares, you can take short positions, issue bonds, get your options (BitUSD, BitGold, BitSilver, BitOil etc.) and do whatever you should be able to do on the true cryptocurrency market/exchange. The recent rally within the crypto market has sure brought a number of altcoins, such as ether, ripple, and litecoin, in the limelight. Among so many altcoins, the one that is showing high-growth characteristics is BitShares. The main feature of this altcoin, which is known as BTS, is its stability that is lacked by many first-generation digital currencies including bitcoins. BitShares is way beyond a simple digital currency. Apart from being one of the most promising crypto coins, this one is even software, a decentralized network, and a distributed ledger certainly not like other available digital currencies such as DigiByte (DGB), Digital Cash (DASH), Dogecoin (DOGE). Well, that is a lot of stuff packed into one single cryptographic wonder.
I can see doubtlessly Steem and BTS straightforwardly underneath 200MA, joining with low volume we should expect more noteworthy move. I like MACD in each one of the three turning upside. Over the latest couple of days I saw Steem outmaneuvering market. If we break 200MA with high volume, by then consolidate more than 200MA we can get ready for new example.
I'll have to do some research into sys coin myself but I agree the numbers are looking tempting too there too.
You have a minor misspelling in the following sentence:
It should be without further ado instead of without further adieu.Thanks. Good to have you around!
seems like you are the only one that appreciates him cuz he has been tanking tons of flags lately :-(
You have another typo on your tags, you used syscion instead of syscoin.
I have upvoted it when it came at my posts, it is not that bad, but maybe people are ashamed to admit their mistakes, while they should be comfortable with it. We are humans after all, making mistakes is what we do :))
thats very informative...thanks for sharing
crypto is one of the biggest opportunities since the invention of the internet itseif....great times to be around.....
looks like you ha invested at right place
I saw the steem chart a few hours ago and decided to invest a bit too, Its looking ready for take off!
I bought myself some BTW 2 months ago at 0.16 so I'm pretty happy with that too and I'm glad you are also bullish on it! Another big push and I'll be 100%!
I'll have to do some research into sys coin myself but I agree the numbers are looking tempting too there too.
In that matter I do really think that the signs do indicate that they are on the verge of the uptrend , while for them they are in the bullish engulfing pattern and which sure is a great indication of the rise.
I would stick with BTS and Steem in this case ;)
While let us hope for the best .As steem seems to find its resistance and been over 3 for quite some time and hope it gets to stay that way for long ;)
Let us hope for the best