The most bullish chart out there?

theguruasia (67) · 7 years ago

@cryptographic,
In the trading space, I do short term trades! I hate to keep or bet on a currency for a long term unless it's STEEM or BTS!
(I prefer STEEM and BTS as a long term trading currencies - Probably 2020 or +)
But what you just highlighted in the today's market space, I see there is a hidden BULL, who is preparing to make atleast 150% ROI for this trade! But I feel we want to hold few days to week to get that BULL in!
If Season trend happens, STEEM, BTS, SBD (I am not a believer of $1 peg) are nice bets! Coz I only feel UP TREND with those currencies!

Cheers~

$3.16

3 votes

cryptographic (64) · 7 years ago

The trend is your friend, and even more so if you have seasonality on your side too.

$2.92

milano1113 (58) · 7 years ago (edited)

It would definately be nice if we get bounce to the upside with high volume. You are right, ETH might be the leading indicator. I tend to be diversified, that’s why I don’t hold only BTS, SYS, LTC or EOS. ETH was actualy one of my best buy dip coins. It’s recent pullback to $380.00 was my exact price where I bought it. It was actually at $377.00. I remember it dropped all the way from $1,400.00. Down to about $350.00. That was surprisingly a huge drop. I remember that time when ETH was rising every single coin went down. Of course, ETH fallowed eventually. Let’s hope we hold this 200DMA and sooner than later make higher highs and higher lows. There is a significant support at around $690.00 and volume is decreasing. Most people are waiting for the next move, that’s why volume is that low. If you look closer, it might be forming small H&S which could potentially take us a bit lower. Let’s hope this won’t happen, but at the same time I’m prepared for this worst case scenario. If that happens, it will be very quick once it breaks, but than we should expect nice run to the upside before getting rid of weak hands. I’ve seen it so many times especially with H&S. Still patience, patience, patience!

$2.95

cryptographic (64) · 7 years ago

It’s currently breaking below the 200 and volume is increasing slightly. The question is whether it is a definitive break lower or a trap.

Very nice entry BTW!

$3.27

3 votes

rupok (80) · 7 years ago

Look who's in the top three. Then think about who was at the top first, and who's come up challenging from behind.This is a very nice way of analysis.I never thought like this way.I completely agree with you about ETH.Even in this market trend ETH is going good.It is still holding 700usd+ i think that's a good sign.I am confused about steem and bts.I think both of this two coin has got great potential,but for this unstable market it has become tough to decide what is going to happen.Every time when steem price goes up sbd price also goes up,but this time sbd price is holding it's position.As a steemian i am concern about sbd price also.Let's hope for the best.

$2.91

cryptographic (64) · 7 years ago

Bargain Basement prices for SBD!

$3.17

5 votes

rupok (80) · 7 years ago

Thank's for your reply.

$0.00

mejustandrew (58) · 7 years ago

I just bought a little more than a half of Ether now, after long time, and seeing your post about ETH in this evening makes me feel like an investor (even though at the sums that I am playing with, I know it is nothing) but still, I feel like making the right choice. Especially when ETH will start to move on PoS (after long time, I know, Steem has DPoS for years already) but the popularity and hype that Ether will generate then will make it a good moment to sell.

Maybe the Sun will start to shine again on the crypto street, after all this time when we had such a bearish market, but who knows? I can just hope, even though I am more than sure that things will move up on the long run :D

$2.85

cryptographic (64) · 7 years ago

The planned move to PoS is probably one of the main reasons why ETH is relatively stronger than the rest of the “Blue Chips”.

$3.17

4 votes

mejustandrew (58) · 7 years ago

Indeed, this is what attracts a lot of people, besides the fact that ETH is easy to spot because it is right there in the top. Plus, it seems to have a pretty good development team and a big use case with the ERC20 tokens, like Steem will have with SMTs

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cryptocartograph (54) · 7 years ago

I am a long term believer in the technology (well until we have widespread quantum computing capable of breaking the encryptions) but I am not a long term believer of these high prices.

I think we will see a few more new ATHs and massive “Bitcoin frenzy” periods before we really see prices decreasing long term. Hence still bullish in short to medium time.

It still goes without saying that most crypto projects will go to zero, just like the dot com bubble. Question is, which is the next amazon?

$2.83

cryptographic (64) · 7 years ago

The best chance we have of catching the next Amazon is by having a diversified portfolio.

$3.02

taskmaster4450 (78) · 7 years ago

As always thanks for the analysis.

I hold a bit of ETH just to have some in my portfolio. I am not a big believer in it although I do believe it can go much higher (simply because I believe most cryptocurrencies will end up going higher).

As you know, STEEM and BTS favorites of mine. We are closing in on some things which should make those tokens bounce. Will it happen in another month or another few months, I dont know.

@stan has a team working of the Bench project which, he feels, will change the entire crypto world in 5-11 months.

I believe we are closing in on a tipping point with blockchain, time to put up or shut up. Those with development are going to jump to the front of the class.

$2.74

cryptographic (64) · 7 years ago

Change the entire crypto world in 5-11 months?

I’m going to have to look into the Bench project. 😌

$3.20

newageinv (70) · 7 years ago

Despite all the FUD related to potential regulatory oversight in the US and other developed markets, Ethereum continues to be the go-to platform for ICOs so demand is someone a given for a good period of time. This should provide good price support and potentially a breakout if a catalyst occurs. As other platforms gain steem (pun intended), the demand can overwhelm the supply as markets are traded thinly with low volume as participants wait on the sidelines for prices to decide their direction.

$2.72

cryptographic (64) · 7 years ago

ETH certainly has the first-move advantage, no doubt about it. Now, as you say, if the upstarts can just establish themselves as legitimate contenders and start eating into its market share.

$3.08

rothberg (58) · 7 years ago (edited)

Great catch in ETH. Right now, it’s a wait and patience time. We will probably keep bouncing around 200 day moving average for a while with some dips and buyings as well. If too many people expect one thing usualy the other happens. That’s how it works. That’s why everyone won’t become rich. That’s when people get scared and with blink of an eye it will all turn back up. For most people it will be too late if they are not in already. The best strategy is to expect unexpected. Think outside the box. If most of us expect sideways for the time being we may see bigger move soon. Anything could happen, even BTS and Steem taking off and not looking back while ETH still bouncing around 200 day moving average. At some point it’s frustrating this mouse catching game, but at the same time it’s exciting. Even mouse could be caught with patience or couldn’t be caught without patience? You got the point.

$2.63

cryptographic (64) · 7 years ago

The best strategy is to expect unexpected.

Not a bad idea at all. 😃

$3.02

mindtrap (74) · 7 years ago

Hi there @cryptographic.

One more fine analysis. I have to admit also that I don't possess ETH at all.
And the main reason is because in my humble opinion it showed massive profits over the last 12-13 months. I believe that we see its "ceiling"

By now you must know my favorites are Steem BTS and ZIL as I mentioned in a previous post of yours.
Also since you mentioned SYS which I was unaware of I am constantly reading and searching for info.

$2.59

cryptographic (64) · 7 years ago

I agree that ETH is a little frothy.

$2.98

msena (60) · 7 years ago

Yeah I agree with you that ETH might be a bit of a leading indicator but I think Steem and Bitshares are quite better performers than Eth. As we know eth rose higher in the end of 2017 then 2018 it it's rising slowly but Steem and Bitshares rising higher than eth and have a standard position. So I think Steem and Bitshares will be the leading cryptos as still have a good position. It's right that Eth is also the number two coins in crypto market. But I think very soon steem will be the top 10 coins as Bitshares also improve it's position. As you have described about their ability in your previous post. Thank you for always sharing crypto analytic content.

$2.49

cryptographic (64) · 7 years ago

ETH is the aging leader. STEEM and BitShares the new leaders? That's very possible.

$2.85

toucancrypto (61) · 7 years ago

What I like is that STEEM has done a -0.8% move, while Bitshares dropped by 14%.

It's a good time to sell some steem to buy bts 😉

$0.48

dirkboy41 (53) · 7 years ago

Looks like we're on the backstretch of the move. Waiting patiently to see how this plays out. I vow to sell out of some BTS, hoping to sell at high prices and looking to pick back up the coins on a retracement. I've held the ups and downs long enough, it's time to take advantage of the next move!

$0.28

longming (52) · 7 years ago

does the coin steem have a bright expectation for the future? I heard coin steem will be removed from korea market. but I remain confident. coin STEEM still does not affect the bad news. the future of steemit is still bright

$0.24

obaidb2 (57) · 7 years ago

Well eth is running bullish but i believe steem is going to be more trending in the mere future after the launch of SMT....i am waiting for the trump card to show up and when that happens it will surely get some wild bulls on...

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muhasib (53) · 7 years ago (edited)

If we take a short history about BitShares (BTS), we shall ralize that the value of its token stayed below $0.01 USD for more than 2 consequtive years. It is only after April 2017 when its value started rising slowly. Then the bullish trend caught momentum in May and lasted till the beginning of June the same year. After that, the price droped once again but managed to stay above $0.05 USD till mid October the same year after which the prices started to rise again. The climax was in aerly January 2018, when the prices went past $0.8 USD before droping sharply again for the rest of the year to slightly below $0.15 USD.

All along the journey the development team has been working hard to make a difference. For instance, the team came up with the State of the Network (BSotN) address where they discuss how the BitShares network has been faring on a weekly basis. The State of the Network (BSotN) report has helped to improve the network thus attracting more investors...

$0.07

wa2qr (58) · 7 years ago

I believe etherium is an awesome investment as far as we are looking to invest in the long run. It has a huge potential in the long term markets. A major difference between two most popular cryptocurrencies is that there are no limits on the number of Ethereum tokens to be issued whereas Bitcoins are capped at 21 million. Besides being a store of value, the Ethereum platform lets developers build applications such as smart contracts and initial coin offerings, ICOs.

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steemwija (58) · 7 years ago

@cryptographic - Sir Eth most bullish for short time... I don't think it has long time Bullish market... Specially Eos starts capturing the Eth markets, I don't think it's a worthy idea to hold Eth for long term Sir...
But I always follow your market predictions... They never let me into losses... Your sense of seen future is outstanding Sir...
Not only 200 MA, Volume base chart also reveal Eth is about to rise Sir...

+W+

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mumin007 (53) · 7 years ago (edited)

This past week, there were sharp gains in ETH/USD as the pair gained more than 20 percent from the $499.29 swing low. It surpassed the $600.00 level before trading to a new monthly high at $630.20.

Similarly, ETH/BTC started an upward move and broke the 0.0650BTC and 0.0680BTC resistance levels. The current formation indicates more gains in the near term toward the 0.0700BTC resistance.
In the past few months, crypto traders have been so much disappointed by the declining prices of the majority of the crypto coins. This includes BitShares (BTS) whose price dropped from $0.87 USD to around $0.12 USD. This represents 86% drop in prices.

If a trader or an investor held BitShares (BTS) coins from January 4th to the beginning of April this year, he or she would have made total loss if they decided to sell the coins during that period. BTS was one of the coins that was worst affected by the miss harps that were happening in the crypto market during the Q1, 2018.
But as from the beginning of April, BitShares token has started to appreciate once more. As its price rises the target is at $1 USD by the end of Q2, 2018.

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roselover (57) · 7 years ago

We have to be patient in order to achieve the desired profits
Currencies will definitely rise with one of the currencies that will rise my friend
My explanation is really wonderful

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sam2 (6) · 7 years ago

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sarahmcdowell (46) · 7 years ago

I am interested about ETH.I have got some investment in ltc.Now i am thinking that if i would have invested in ETH it would have been great.I think the crypto market is in correction mode.But ETH is still in good position.Most of the time it goes down 650usd,but this time even in this period it is 700+.So you are spot on with your analysis.I don't have any idea about bts,but i am interested about steem for sure.As i am working here at steemit steem is very important for me.Steem is also doing well.I think steem will go past 4usd very soon,it's only my prediction.

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emmanuel250998 (53) · 7 years ago (edited)

The price is just above the DMA 200 line in 4 hour and 1 day sails. The RSI is in a balanced zone.... Let's just say the price is consolidated right now. But there is a clear upward trend. One would expect a rebound on the DMA 200 line.

It's also clear that it's a symmetrical triangle that's about to burst.... I think an entry right now would not be bad. A good impulse could come along to try to break the symmetrical triangle.

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serkagan (65) · 7 years ago

Perfect analysis, my friend and the ETH chart looks quite attractive for trading, that of course can try to play on short trades. For the STEEM with its potential, I still choose a long-term perspective, as for the BTS, I'm sure that with such a potential and prospects for the future, a breakthrough will be much higher than today's performance. The ETH, of course, also has a great potential for growth and we need to monitor it, but STEEM technology still has better indicators for investment. I would also like to look closely at Bitcoin, because his schedule will significantly influence the market and pricing in the future. Thank you @cryptographic

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seha76 (63) · 7 years ago

When do we overtake it?

Steem has an excellent potential to become a precious cryptocurrency soon as it is supported by the dynamic community at Steemit. STEEM can be a lucrative investment option.

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mrperfects (41) · 7 years ago (edited)

Thank you so much for share this chart.........i think its down now, its bad for us.

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roman-sabil (50) · 7 years ago

Look who's in the top three. Then think about who was at the top first, and who's come up challenging from behind. That's a real good trend for STEEM and BTS: to have become part of a select group standing shoulder-to-shoulder with the best chart out there while gaining ground in absolute terms at the same time.

Very interesting!

Your ability of 1, 2, 3 is unquestionable :)

When do we overtake it?

Three great leading indicators in any event.

I will take all three, and I've taken it all the way + Doge. Thanks @cryptographic! 👍🙏

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latikasha (49) · 7 years ago

Ether is one of the most volatile assets that can be traded on the crypto markets today. It is these exceptional price fluctuations that have attracted traders and investors from all over the world, having discovered the opportunity to make huge returns. Traders who are capable of buying and selling at the right time stand to make exceptional profits within a short period of time.

Regards @Latikasha

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resteemia (56) · 7 years ago

eth is a good option, when we wish to stay away from bitcoin. good alternative also make worthy investment. impressive idea to expand the investment portfolio with legitimate crypto currencies like eth, steem, bts, btc @cryptographic

@resteemia
reteemed & upvoted

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sabbir1213 (54) · 7 years ago (edited)

but I'm a long term believer person.....by the way thank you for share this chart.

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jacqueline2 (53) · 7 years ago

You are correct, ETH maight be the main marker. I have a tendency to be broadened, that is the reason I don't hold just BTS, SYS or EOS. ETH was actualy one of my best purchase plunge coins. It's current pullback to $380.00 was my correct cost where I got it. It was really at $377.00. It went the distance from $1,400.00. That was a gigantic drop. I recollect each and every currency went down with the exception of ETH. How about we trust we hold this 200MA and sooner than later make higher highs and higher lows.

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jenny2 (44) · 7 years ago

Sun Microsystems, Inc. (SUNW) Candlestick Bullish Engulfing example chart from StockCharts.

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olvio (49) · 7 years ago (edited)

Let's analyze ETH/USD on the 1D chart.

When analyzing this chart, it is clear that on the 21st May, price hit a long term side-wards resistance line and broke to the downside, therefore causing a strong downside correction. Not only did price bounce off the side-wards resistance line, there was also a simultaneous resistance on the 200 major moving average. Price is dropping nicely, and I am strongly expecting price to go the lows. There is a major low which price could hit at 379, but I am not suggesting it will go this low, but it is the lowest it could go.

With this new information, we can be extremely confident that the above side-wards resistance and major moving average resistance will be hard to break, so all that is logical now, is down.

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xupon (40) · 7 years ago

The idea is simple, but super powerful. If you combine the first bat pattern with the first set of fib time zone (in blue), you would have placed your buy position @ $7160.75 and sold your position @ $11100 (2.17 r/r ratio), with SL below $5555. Then, when the price stopped at $6400 forming the second bat pattern , you could have placed long positions and aimed for $9725 and opened short positions at $9725 because it has formed the 2618 pattern. Furthermore, if a triangle forms at a relatively low price level (the triangle before the short squeeze), the risk/reward ratio is better with buying.

Can you see the power of learning now? Yes, you can say I am not a professional trader. Yes, I still have a lot to learn. But, I LEARN!!! This is what my original intention is to post my TA on TV – to encourage people to learn because I believe most of the people on TV is not a professional trader.

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queensophia (40) · 7 years ago

Yesterday i mentioned in my last few updates, that there was some hope for the bulls to create an inverse H&S that could possible take us to the 8000. But the But i mentioned it was quite certain that we would test the lows again, because the rally from the low was not that convincing. That inverse H&S was their last hope to avoid that. I just woke up and saw the bulls have failed. When i saw what happened, immediately the price action at 9200/9400 came to my memory (yellow circle). It was almost the exact same price action AND movement of the price. Also formed a small wedge/channel from which it dropped out of in a straight line. At the moment we are in that yellow area, and so far there is no indication at all that next move should be different than the previous one. Of course there is one big difference, the previous one was still around the highs, we have dropped almost 25% since than. But Crypto's are a very emotional market and things get extreme all the time, up and down. Since we are very close to that blue support line again, chances increase it will break and that we will probably see another big drop very soon.

Those blue lines are the support and reisstance lines of that big triangle i have mentioned lately. The bulls have had several attempts the past few days to show some countermoves, but all of them were just so weak, i am afraid something bad is going on this time. I think that if the 7000 gets broken, we will see a very big crash the coming days/week. There is another factor in favor of the bulls, usually during weekend we don't see big moves and usually sideways action. So a big drop could be delayed and maybe during the weekend, when price stabilizes and forms a good support around the 7200/7500, it just might give enough confidence to push higher again towards the 8K.

But let's be realistic, it looks like real crap now, for days already! chances are much bigger we will see a drop today and probably even a break of the previous low. If it was in the beginning of the week, i would say almost certain we drop towards the 6000. Now it's different since it's already Friday. So it's up to the bulls now, if they show some strength and start to buy again the blue triangle support could hold for the coming days and it could be the low for another rally, at least to cool things down and make a correction up again to the 8K levels. First big step would be a break of the 7700 and first small step would be a break of the 7500.

I give it 70% than we continue to drop and that the low will break, can't say if the weekend will be sideways or not, but the next few hours will be important i think. After the drop a few hours ago it has formed a bear flag , indicating to the support levels could break within the next hours even, that could trigger a big acceleration down. So as long as we stay below the 7500ish for now, i think that things will get very ugly

I know most of you don't like what i have to say here, it was just so much easier when i had less than 1000 followers. I was much more direct about certain facts but i don't want people to think that i am talking the market down and therefore i try to picture more scenario's than to what i think is the most likely one.

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altafwani (49) · 7 years ago

another good analysis
Ethereum has so far outperformed other top digital currencies after trading above the 50-day SMA but just beneath the 20-day EMA.But i think the first bullish sign is a breakout of 745 USD level. Until then, every pullback will be met with a strong sales pressure.

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black-horse (58) · 7 years ago

Given the history of the BTS, I realize the token stays under $ 0.01 USD for more than 2 consecutive years. April 2017 just rose slowly. Then the bullish trend captured the momentum in May and lasted until early June of the same year.

After that, prices dropped once again but managed to stay above $ 0.05 USD until mid-October of the same year after prices started to rise again. The peak is in January 2018, when the price passes $ 0.8 USD before falling sharply again for the rest of the year to be slightly below $ 0.15 USD.

Based on the above explanation, then I conclude that now is the right time to buy a BTS before the price becomes unreachable. At current prices, we can with more tokens and sell them after a month at a higher price to make a profit.

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masud91 (55) · 7 years ago

Bitcoin is officially the most bullish chart in history

Watching for resistance to break but we have a very clear bullish shift in momentum and a HUGE bullish reversal pattern with sufficient volume for a breakout .

I have been laddering in since 10,000$ - 8,000$ 7,000$ 6,000$ Now I plan to ride this impulsive wave on the upside to new all time highs in 2018

also Technical analysis predicted this move long before the GOLDMEN SACHS news announcement

Hope you don't have any short potions on unless you have some good stop-losses in place

I am treating this market as bullish because the trending support line from $1,800 to $3,000 to $6,000 is a strong support trend & has successfully bounced 3 times now.

enjoy the profits we can all expect if this breaks major downtrend resistance like it looks like its going to

don't get greedy in the next wave up be willing to take profits into USDT and stay profitable out there.

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borshaislam (44) · 7 years ago

Great update sir & Very Helpful Infromation Sir Thanks for share this post ..Resteem This Post ...Everybody Resteem This Post

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aant1563 (47) · 7 years ago

Sir @cryptographic,

The market is down now. But i think the cryto is boosting soon. Thanks for your sharing sir.

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muzaifwani (51) · 7 years ago

well i dont hold ETH at all ,all my eyes are currently on steem with the introduction of SMT
i hope we get to see something spectacular

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a4dm (35) · 7 years ago

These are your recent posts:

Brought to you by Steemit recent post widget by @techstack

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mandelsage (59) · 7 years ago (edited)

I'm with you on that: I've also never really been an ETH long-term believer. Ever since Crypto-kitties ground it to a halt. I know they're doing all sorts of things to improve, but I think other systems are way ahead of them. (Keeping my eye on EOS, Stratis and longer term, ADA).

Honestly, if there is one mid-term coin that I'd almost be willing to put all my capital into right now, it would be EOS. I'm not doing it because with the mainnet launch coming, the possibility of things going wrong is too high to risk ALL my capital. (Let's see how many people forget to register their tokens and shout foul...)

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tiger38 (36) · 7 years ago

thanks for the chart
it's should be high early

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mokles (1) · 7 years ago (edited)

steem is very pawerfull. Thanks for sharing this..

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pijon (50) · 7 years ago (edited)

It was a rough first half of the week for cryptocurrencies would be an understatement. Several major assets including Bitcoin, Ethereum, Bitcoin Cash, Ripple, and Litecoin spent the first half of the week lingering in the red except for the Tron. I think the seasoned trader should wait a bit longer for the re-entry because the down trend are gona stay bit longer except for the Steem & BTS.

That's a real good trend for STEEM and BTS.

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killerkuasha (57) · 7 years ago

that is damn true..

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dannywill (50) · 7 years ago (edited)

Dear@Cryptographic Sir, you are right about ETH. ETH -has the healthiest chart out there. It certainly looks like a clear bullish above/bearish below level that price is sitting right on top of.

ETH

Bitshares (BTS)
The BTS coin is still in its advancing long-term trend and a good entry point for long-term investors.

Steem (STEEM)
Steem broke below the 0.00075 level during the correction, and dipped below the other crucial support near the 0.00066 level, but the coin rebounded strongly above that zone. The declining short-term trendline is intact and although Steem is below the long-term trend-line. a quick rally would trigger a new buy signal.

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expertroyal (48) · 7 years ago (edited)

Ethereum Price Analysis: Can ETH/USD Continue Higher?

Key Highlights:

ETH price gained traction and moved above the $690 and $700 resistance levels against the US Dollar.
There is a key connecting bullish trend line formed with support at $704 on the hourly chart of ETH/USD (data feed via Kraken).
The pair has to stay above the $704 support and the 100 hourly simple moving average to move higher.
Ethereum price is back in a positive zone against the US Dollar and Bitcoin. ETH/USD has to remain above the 100 hourly SMA to extend gains above $715.

Know more about that https://www.newsbtc.com/2018/05/21/ethereum-price-analysis-can-eth-usd-continue-higher/

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jcobs (52) · 7 years ago

Representing those long lower wick in the weekly chart are series of bulls in the daily chart. While May 12 did reject lower prices despite high volumes, it’s the follow through that cements our bullish sentiments. Realize that after May 12, prices are still moving horizontally but within May 11 bear candlestick meaning either we might see a bullish break out at $750 or short covering liquidations at that level. So, I would like to see price reacting at $750. In case there is a break above, I recommend buys with first targets at $850.

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henryrider (52) · 7 years ago

Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of Nakamoto consensus via transaction based state transitions.

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mdsahid (48) · 7 years ago

Like you said ETH has the healthiest chart out there & since the Q2 it has been doing great & i also think that it is right time for the seasoned trader who wants entries with close stops. But people likes us who invested their money into Steem, Syscoin & BTS, they have to wait a bit longer to maximize their profit like December 2018. Except few most of the Cryptocurrency's price are decreasing but this downtrend will over soon. Be patient soon everyone will be rich including me.

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lordneroo (72) · 7 years ago (edited)

STEEM and BTS have a bright future ahead from my humble point of view. Powerful blockchains, handling more transactions than BTC and ETH combined right now. ETH is good though, I won't argue.

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mywhale (53) · 7 years ago

Hello @cryptographic,

End of June there is a seasonal trend appear. With the current potential of bull market, Eth can show a moon time.
MA 200, MACD, Volume, all are telling us a big party time is near to happen. Hodl Eth, but prefer Steem, Bts, Ada, Eos.
Incredible chart analysis & extraordinary good market information.

~@mywhale

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blazing (70) · 7 years ago

its got more bullish with the words regarding about it from the founder of apple :D

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rehan12 (73) · 7 years ago

Well personally like yours my choice is as well Steem and as of that point I am gathering some in my plate ;)

Well in the coming days and when SMT's are going to get out than we might be a big turn out point for Steem, well just a speculation but who knows we might see sth or be a part of history in that sense ;)

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hashcash (63) · 7 years ago

This is an excellent news for those who are seeking entry (re-entry) - the indicators are pretty solid. I myself have been sitting on a little nest of my own ETH that I am going to HODL for a good long while :-)
Although I would admit this one might be a short term buy for day/weekly traders.
This all being said Steem is still my kind of party and if I got left somthing after that, them I am going in EOS and after the ETH.

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gold84 (63) · 7 years ago

@cryptographic thanks for this great analysis! Regarding SBD what are your thoughts? Is it waiting a bit to rise too? Or is it turning to $1?

Regards, @gold84

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cranium (76) · 7 years ago

As time showed, it was time before a huge fall. I hope this red evening ends soon. Good luck to you and Love.

Как показало время, это было время перед огромным падением. Надеюсь, сегодняшний красный вечер скоро закончиться. Удачи Вам и Любви.

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johnz14 (65) · 7 years ago (edited)

Not looking at the charts, I believe that ETH has a really bright future.

I'm not that much invested in ETH, but I'm looking to get into it as I am starting to believe more and more in that project.

I started following ETH after I watched few of Louis Thomas's videos (who I found about here on Steemit), and he's a big fan of ETH.

If you just look at the founder of ETH, Vitalik Buterin, you can see that he'll get over every obstacle you put in front of him.

But, my favourite is definitely Steem.

I'm feeling bullish about it just like you are.

Hopefully, it'll do great.

I can see it going up big time, if the market does well.

I'm buying a little bit of Steem every time it drops.

I bought a little bit today, and I wanted to buy more Steem/SBD, but I didn't have enough money on my bank account.

I need to make a cash deposit to my bank account.

Then the buying can begin.

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sanchita (36) · 7 years ago

Sir I did not understand well .But I want to know ,You tell now buy ETH coin sir.If we buy this ETH coin,we will profit this coin.
I tell to right sir.

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smithandy (42) · 7 years ago (edited)

Hey Sir @cryptographic,

Please look at this

Bitcoin -2.13% is down in 7,500 USD while I'm writing this (-8 % last 24 h). Altcoins are also bleeding and are in average -15 % down. The Global Crypto Market Cap is 330 BL USD. Obviously horrible 24 hours for crypto.

People ask me what to do in a situation like this. Bitcoin -2.13% is in red our alts too? Do we sell everything or what?

First of all: What we have witnessed today has surprised most of us. Not the fact that we dropped to 7,500 USD - but the way we did it. We just fell hard. Not even a decent up wave. RSI on 4h was 18, which is the lowest we have had in a year. It means completely oversold - People panicked!

If you have all the time in the world and is super skilled is obviously optimal to trade every swing. That is optimal - But also very time consuming. Its very hard for me to advice you what to do, since I don't what coins you are in, and what strategy you have. OR if you even have a strategy or use money management.

But when it comes to Bitcoin -2.13% at this moment, let me be straight honest to you, its very hard to determine the bottom at this moment after that hard drop. The best advice is right now I can give you is to be aware of all the support zones which is all even numbers and the 500 intervals:

7,500 USD

7,000 USD

6,500 USD

6,000 USD

4,8xx USD

Just to be clear - I'm not saying that we will go that low. We can see a reversal and a new beginning up trend already now. Whales have already liquidated a lot of longs, and most people are terrified, so this is possible we will go up from now.

Don't let you scare by people who are panicking and start to call 3,000 USD now :) Easy.. The market is definitely shaken at the moment. We just fell through like we had no support. Only happens in Crypto because its such a new market. When we go into a bull market again, it will also be like that just the other way around. We will recover again - don't worry. That is part of the game.

I look forward to your valuable reply. You are a great analyzer. I think your important reply will help you to analyze my future.

I am paying tribute to you.

@smithandy

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shuvomahfuz (43) · 7 years ago (edited)

STEEM is a very strong project. You can buy and hold this coin long term, so this is a safe trade because it will grow as the market grows regardless of the short term view perspective and price swings.
About Ether...
I actually thought it was going down way more, but I realized that it has some bullish action going here. It's a hard struggle for the bulls and personally I'm waiting for ETH to prove itself a bit more before I open a long position.

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hero420 (40) · 7 years ago

we should keep patient in low ratings
it will be success as soon as possible

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jahangirwifii (66) · 7 years ago

$ETH - the price looking to retest support above the 55EMA on 4hr chart but a break would put a test of lower trend line supports back in play, declining volume is noticeable👍@cryptographic64

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lunaticpandora (69) · 7 years ago

This chart is making fun of us right now :^)

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