Technical Analysis - TOP 5 CRYPTOS - 1 min read time 🤩🤩
This post covers simple technical analysis on the Top 5 Cryptos... This is my personal opinion and is not financial or investment advice. Overall the crypto market is still in quite a tricky position, there are not many bullish indicators around. 🙁
Bitcoin - Difficult call given that the support at $9400 looks pretty weak... Could easily go either way from here. Low conviction... no trade for now... wait and see
Ethereum - Looks good for a bounce higher here... Very nice supportive trend line... Medium conviction buy... Looking for a move back to $1000
Ripple - Similar view to ethereum here... Medium conviction buy... Looking for a move back to $1.2. Two supportive trend line around here should provide some buying.
Bitcoin Cash - Very tricky at the moment... Have a down trend with some support around these levels... very low conviction... no trade for now... wait and see
Litecoin - Very low conviction... would expect a move lower here, back to about $160... LTC has traded very poorly after Charlie Lee sold off his holdings.
I think bitcoin will come down to 7700$ in march first week.what is there in march 1st week cant understand.lets hope for best
@saikr ... i actually think that the sell off is done... and that we will retest the downward trend line on bitcoin... Do you hold Bitcoin?
yes 2btc
nice
Can you explain to me the difference between the five of these "coins"?
I would like to know more.
Cheers,
@t-miles
bitcoin was the first crypto currency, ethereum is the 2nd generation with smart contracts, ripple is being built for the banking space, both bitcoin cash and litecoin are forks of bitcoin... if you head over to youtube and type in the various names you will get alot of good content that will cover their basic features @t-miles
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STOPhttps://steemit.com/resteem/@la2410/here-s-6-new-airdrops-get-your-free-cryptocurrency-today
thanks will check out
Coins mentioned in post:
useful thanks... BTC breakout underway