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).
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!
#1 - Bitcoin (BTC) - (SELL) ...then (BUY)
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).
#2 Etherium (ETH)
Although I'm not invested in ETHER - The chart looks great and Its time to (BUY)
#3 Ripple (XRP)
Ripple is a non-mined coin. From a technical perspective its at a buy point. It appears to have finished off consolidating in price and we wait to see a nice upward price correction.
#4 LiteCoin (LTC)
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.
#5 Etherium Classic (ETC) - (HOLD/WATCH)
This one was difficult ... definatly 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)
#6 NEM - (SELL)
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 DASH - (Wait and BUY)
Gotta love DASH. Overall its a BULL but you don't want to pay too much!
#8 IOTA - too new - no chart :(
#9 BitShares (BTS) - (WATCH)
We will keep an eye on Bitshares ... Its in consolidation and too early to call if price will blow up or crash!
#10 STRATIS (STRAT)
Stratis is in Break mode ... look out for 3x + gains!
My Fav. Pick - deCRED
LONG - https://www.cryptocompare.com/portfolio-public/?id=40718
SHORT - https://www.cryptocompare.com/portfolio-public/?id=41625
GAINS / LOSSES
Invest at your own risk!
Please Upvote and Share!