Crypto Analysis Journal [Weekly Chart Review] Part IsteemCreated with Sketch.

in bitcoin •  7 years ago  (edited)

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Weekly Chart Review (Part 1) ---> The rest will be out within 12 hours including sub. requests... Sorry, it's been a little busy. So much negative in this market... "is that cheap coins I smell??!!"

Welcome to the Weekly Crypto Market Roundup, Every week I go through the (TOP 40) Cryptocurrencies (mainly chart analysis) alongside my personal take. On Fridays, I update the TOP 10 and 5 every day after. My analysis is long-term investment grade analysis and although I recommend a lot of buys and sells, I don't invest in all (very picky). You can see the ones I'm invested in at the bottom of this page (COINLIFE PORTFOLIO).
-daverex

I want to help build a community of knowledge, we are still in the early days of this tech revolution. Please ask any question and I will see to point you in the right direction. Also If you have any chart requests, I am happy to provide them!
#coinlife


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Bitcoin (BTC) - (SELL) ...then (BUY)


https://www.tradingview.com/x/1vufqacW/

https://www.tradingview.com/x/LnyWP7K2/

6/23/17 -I'm expecting bitcoin to consolidate in price for the next couple of months where we could see reasonable accumulation prices at between $1700 to $2000. After this, expect prices to pop to over $10k into January 2017. This is not to say that prices won't pop higher (as I expect).

7/1/17 - Here is the updated chart where you can see bitcoin consolidating and an impending bitcoin down-cycle movement. I expect that depending on how dramatic the drop is, one can expect it to flow over (fear) into the Alt-crypto markets. An example was this week where we had some nice positions developing but due to the crypto bloodbath and although there was some recovery, projections became skewed.

Etherium (ETH)


https://www.tradingview.com/chart/ETHBTC/8BaZm7Bi-ETHERIUM-ETHER/

7/1/2017 - I'm bearish on Ether for the next 4-5 weeks +-

Ripple (XRP)


https://www.tradingview.com/i/IwSY1VAw/

7/1/2017 - It appears that ripple will follow the crypto world trend in being down through the summer.

LiteCoin (LTC)

LTC.png
https://www.tradingview.com/x/Y9DiLia6/

https://www.tradingview.com/x/uYeDlSIB/

6/23/17 - I know there is a lot of hype with LTC right now but the charts have been and still are bearish when measured in BITCOIN. Although it may go up in dollars, its safe to bet that BTC will out pace. LTC is a TESTNET for BTC and trades as such.

7/1/17 Projection is unchanged

Etherium Classic (ETC)

6/23/17 - This one was difficult ... definitely looks like it want to pop in price but at the same time its still in a down cycle. As these forces push against each other price tends to move sideways. My hope is that it moves sideways just above the channel and then vertical in price. (Accumulation)

7/1/17 - If ETC drops in price a bit in the next few days, it may be a good opportunity.

NEM

6/23

https://www.tradingview.com/x/lynyxQzy/
7/1

https://www.tradingview.com/i/518kVuU4/

6/23/17 - Be careful with NEM - I know a lot of people are LONG but it appears to be in full consolidation mode and may drop another 50% before it comes back up for air ... we will keep a close eye on this!

7/1/17 - Nem is still on downward projection

DASH


https://www.tradingview.com/i/vCRQL8Fb/

This is a solid buy, I'm waiting to get in at the right price ... 0.05 or less, we still have a few weeks (maybe)

MONERO (XMR)

MONERO.png
https://www.tradingview.com/x/cea8zCG4/

https://www.tradingview.com/i/SEa5xTwk/

Although previously bulling on Monero, it has broken significantly to the downside, although recovery is possible, it most likely will correct downwards.

BitShares (BTS)


https://www.tradingview.com/x/LHFuHeDl/

I'm a buyer at 0.00005

STRATIS (STRAT)


https://www.tradingview.com/i/I1vjw7eO/

BYTECOIN (BCN)


https://www.coinigy.com/s/i/595861bf7a3cb/

Bytecoin has entered (reload zone) ... If you are long term, its a good time to start accumilating, as for optimum (lowest price) I feed we still have some time and possible downside.

ZCASH (ZEC)

6-24
ZCASH.png
https://www.tradingview.com/x/IbI085Mi/
7-1

https://www.tradingview.com/x/WSK6LcWo/

https://www.coinigy.com/s/i/595865da1cdd4/

6-24 This is an interesting project... I remember learning about it on bicoin.kn podcast where the interviewed the developers. Basicly it Encryption to Encryption and the leger only sees Zeros (Americans call it ZCASH, UK call it ZedCash)

Looks like Zcash although bullish on the daily is short on the weekly, we need to wait out this bear market to see what low levels we can hit here.

AntShares (ANS)

6-26 AntShares are a competitor to bitshares and or what I've heard and understand, Its tailored for the China Market. Its a little less than half the value of bitshares at this point... I believe is can drop a little more, then I'm going to buy a bit. :)

We are a few days away from entering the (reload zone) again (WATCH)

GOLEM (GNT)


https://www.tradingview.com/x/Lt4jWKTf/

https://www.tradingview.com/i/W80z2MI7/

6-24 - Golem is a nice tech, interesting how it works. Rather than using computer hash power to produce coins, its uses it as a service where the computer processing power is compiled all together to process real data / research / video renderings ext.

7-1 - Its hard to measure where this baby is going since its at a really nice valuation to be in already, still price will probably drop and I wouldn't feel comfortable buying outside the projected reload zone.

STEEM

steem.png
https://www.tradingview.com/x/qgpKi0n7/

https://www.tradingview.com/x/O2FtkDAN/

I love everything about Steem!

7-1 - Looks like steem needs a breather just like the rest of the market ... I expect lower prices.

WAVES

6-25
waves weekly.png
https://www.coinigy.com/s/i/594fc0ec47cfa/
7-1

https://www.coinigy.com/s/i/5958718916ab5/

6-25 - it does not look good for waves ... stay away from it at until price consolidates

7-1 - I'm looking forward to buying some nice cheap waves!



Extra

The Decred Assembly - Ep8 - Monero & Privacy w/ guest Riccardo "FluffyPony" Spagni


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Looks like all the cryptocurrency are falling down , it's time to just wait , wait and wait before a massive buy opportunity , if bitcoin fall to less then 1800 i'm going to invest all my saving on it !!

YES! ... and in my case most of my money is invested and cash flow for new investment is extremely limited currently ... I converted some to bitcoin but that's going to correct. Most (locked in deCRED votes)... I'm hoping this blog takes off soon so I can buy some cheap coins! Good Luck Friend.