Crypto Maket Update - 2 April 2018
Hi guys!
Here are the summary of todays’ market update.
I picked 3 coins from the top 10 on coinmarketcap plus Steem:
- BTC
- ETH
- LTC
- Steem
BTC - Daily Chart
Tools used: Fib Extension and Stoch RSI
So far holding around key level support/resistance. This pattern looks like a double bottom. However, for a rally to the upside we need to see that volume confirmation and maybe some hammer candle pattern.
Although there was a hammer candle formed from yesterday’s candle but we need to see more confirmation.
ETH - Daily Chart
Tools used: Fib Extension
Eth doesn’t seem to show any signs or reversals yet although key level support is being held nicely around $300. So far I haven’t change my possible breakdown target as eth might still have another pullback.
LTC - Daily Chart
Tools used: Volume
Similar to BTC, LTC also has a hammer candle formed by yesterday’s candle. Which is also trading close key level support/resistance (in LTC’s case). However, we still need to see some more confirmation to see a reversal on this pullback (more detailed analysis on my video).
Steem - Daily Chart
Tools used: Fib Retracement
As for Steem so far key level support is holding the price nicely around 20K satoshis which depending on how bitcoin moves we might see breakdown from this support to the downside to complete this cycle of bull run (more detailed explanation is on my video too).
Disclaimer
You know the drill guys. This is just opinion and not a financial advice. Do your own research and decide your own trades. Cheers!
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Thanks for another update Devy.
upvoted :)
Thank you! Actually I just made another video but it will take time to upload it since internet here is painfully slow. Fast internet in my country is expensive also available mostly on big city so gotta bear with this for a while.
Cheers!
where are you from mate?
Indonesia, I told you already like a couple weeks ago.
oh yeah, I remember now.
You've studied in Sydney. My memory is finally coming back to me! :D
Yes! Internet has been bad lately. I have been trying to upload on dtube since this afternoon and kept getting error message. Hopefully this time works fine.
are you on dtube? can you share link?
are you also on youtube?
My recent post about market update is video. I tried making a video instead since it seems more popular. I think it has been about a week now. If you check my update on 4 April it was on dtube.
Not a youtuber, this is the first time I'm making a video. Well the second one. The first one was when I was making a gunpla tutorials for my free ebook few months ago.