TRADING CRYPTOS USING TECHNICAL ANALYSIS

in cryptocurrency •  7 years ago  (edited)

Cryptos have gained a lot recognition world wide, from both individuals and institutions( Banks etc..) .
Believe me this can only get bigger, cryptos had a fantastic 2017 with over 200% increase in value on every Crypto form January to December 2017 on average .
Every cyrpto enthusiast/guru i spoke to believes that cyrptos are going to have a MONSTER year (great year) especially Bitcoin, and i have that feeling as well.
Here is the the thing institutional traders are already trading this coins, and these guys are the Whale(Big money traders) of the market and they act and trade a certain way, which is actually the idle way of approaching this market .
they pay alots of attention on Technical Analysis, because thats the way they are fashioned . So for one to successfully trade this coins, one has to see things the way these guys( Institutional traders/big money guys) see it, bearing in mind that this guys have most of the liquidity in CRYPTOSPACE.
So lets go over some charts and see where these coin might be headed in days to come ( BITCOIN/NEO/ETHEREUM/MONERO/STEEM) These are possible scenarios that could play out, so use proper risk management on your trades. lets also point this out, this is not a financial advice of any sort, its just my candid opinion.
thank you. Please note, sBTC Nxt.PNGome of this scenario has already played out (ETHBTC)ETHBTC.PNGNEOBTC.PNGSTEEMBTC.PNGXMRBTC.PNG

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Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin10581.600$-10.74%-15.24%
ETHEthereum966.189$-10.78%-15.83%
NEONEO116.471$-14.77%-27.16%
NXTNxt0.343$-11.09%-3.37%
STEEMSteem4.131$-13.26%-7.14%

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