My 3 Favorite Charts
And without further ado, my fav 3: BTS, STEEM and SYS, in that order.
In my opinion, these are the real leaders if you’re looking for early signs of general strength. To be sure, there are others, like ETH and LTC to watch closely, but more for confirmation, in my opinion, since BTS, STEEM and SYS are three of the few “hot currencies” in crypto today, again, based on what I’m seeing and what my analysis is telling me.
Read the "The Dos and Don’ts" here if you're not aware of my rules.
From the technical point I can see clearly Steem and BTS right below 200MA while consolidating with very low volume we should expect a bigger move. I like MACD in all three turning upside. In the last few days I noticed Steem outperforming market. If we break 200MA with high volume, then consolidate above 200MA we can get ready for new trend. Until then, we are still sideways. It looks like 1-2-3 reversal is working perfectly just by the book with SYS a bit behind. I also like the Fibonacci retracement which is playing out nicely and Steem clearly forming short therm double bottom which usualy works out to the upside very quickly after the break. Today I’m definitely more optimistic than I was few days ago. I also noticed when we broke the 200MA in mid April with high volume how this new support at 61.8 fib held nicely especially in Steem. Isn’t it coincidence?
Fundamentally I’m sure you did your homework, these are great coins with bright future!
I'm watching things closely for a possible 1-2-3 reversal. As you say, it looks like these three may have the wind to their backs!
@cryptographic,
STEEM, STEEM, STEEM this is my best choice! I thing the big news SMT will be here anytime! With that it might be rocketing! One more thing, after reading your article I have noticed SysCoin!
Why did you recommending that coin? It's a POW currency! Personally I don't believe on POW! For me it's a decreasing technology!
Anyway, the future with STEEM, BTS as safer than ever! I am really happy about my investments on them!
Cheers~
Syscoin has plans to convert to a DASH style masternode PoS hybrid blockchain. I hate POW too, but I have faith in SYS to implement their plans to leave POW behind.
Yeah i agree with you that Bitshares, Syscoin and Steem are quite the leading role of cryptocurrency specially Steem is on fire no doubt. Steem is consistantly performing well from a month as i hope it will be perform more and more. My thought End of the year Steem will be 15$ above, Bitshares 3$ above and Syscoin 4$ above, what do you think that they can hit more or less? Your valuable prediction help me to hold these great specially for Bts and Sys.
Those are very reasonable and attainable targets in my opinion. In fact, I expect something even better!
Every time I feel the crypto market or even stock market is weak I look at the history. The same I do when it’s strong or skyrocketing. Today my instinct is telling me we may be heading sideways with potential breakout. Even few days ago I was a bit more pessimistic when bitcoin played with 8k level. If we get above 200 day moving average this can easily trigger panic buying. Hey, I wouldn’t worry about it lol. Let’s see how this formation plays out, it could be long therm reversed H&S, I can see the right shoulder forming at least in bitcoin which is a good news for every coin. All coins look great with one move or one great news we can easily get above 200 moving average. Short therm stil sideways with potential breakout, long therm we are reversing the trend, but still sideways until we get higher highs and higher lows. Just recently you coins underperformed, now they are looking much better. It’s amazing how things can turn out in a matter of days. I’m also watching very closely SBD since demand is increasing thanks to delegations which can put pressure on its price. Whether it’s downside or upside we will find out sooner than later. I can’t wait to see how this plays out.
Potential inverse H&S formations everywhere! I just hope the market isn't trying to fake the bulls out.
I am definitely with you on that.
Those coins you mentioned have a big potential.As I mentioned in a previous post of your though there are two things that concern me.
I cannot imagine steem's price to skyrocket and this is why, pretty much everyone in this platform will be a millionaire. but a price of 20-30$ is highly possible for me
I strongly believe steem's and BTS blochchain technology is way better than anything else (even though I would add EOS too in the equation) but I've never seen a coin with billions of supply reach at very high prices. I guess time will tell...
PS. I would also add as final option ZIL. I am watching closely this coin and read everything about it and it also has great potential.
I just wish every coin stops being in BTC shadow and then we ll see their true value
Have a nice Sunday @cryptographic
$20-$30 STEEM is very possible in my view too.
Maybe it's time we saw a billion supply coin with a very high market cap too!
I though that the only “hot” coin was “Verge”.
Steem on mate!
GRS is another one those. 😉
“Hot” and “cheap”, hahaha
The two best indicators of MASSIVE RETURNS
I have huge belive and hope in Steem. Don't know why, i also love to retain in my wallet. I am planning some good investment on the steem.
As a trader, my view on steem is more professional. Steem will bring huge buzz on the crypto market soon. It has more root power than most of the currency. The trade volume and stability also better than most of the top currencies. So, sooner or later it will move to the top. Just a push, what it is all the need.
Bitshare also have also some market leading features. They already have good cap in the crypto market. So, this one is also lucrative to have as alternative crypto to the traders. So, this one is also i am ready to hold.
About,SYS -
Syscoin is the hidden gem. The coin that honestly has a pretty colorful history and age and has been asleep for years. In my terms, it can be seen as the SHOPIFY, AMAZON, EBAY of the blockchain world. With the ability to buy and sell things on it with 95% lower fees than the big competitors, less restrictions on your sale, anonymity, speed, and reliability. It cuts out the middle man that just gouges the community, while keeping all the features you would expect. Its been under the radar though not being in the top 50 coins… But that is all going to change this year. Very fast.
I really like your "good cap" criteria. It certainly does lend credibility. A big plus. And I sure hope you're right about SYS. That would be fantastic.
I am also hoping that, my thought and findings will prove right about them. Mainly, SYS. Just like you said, that would be fantastic.
As predicted yesterday, we went in the direction of my objective at 3.30$. The UP is consolidating till a touched at 3.20$ as you con see on the chart. We are now in the middle of our 2 lines and we should see a break out in one of the direction. Let's hope the market will go break our resistance line at 3.30$.
STEEM is "coiling". You can see it in the triangular shape of trading on the price chart and the indicators as well. Getting tighter and tighter on decreasing volume after a retest of significant low. This could be a bullish reversal building.
Out of these three BTS and Steem are my favorite pickups
BTS :-BitShares (BTS) is a brand of open-source software based on the as blockchain technology as used by Bitcoin. Unlike bitcoins, which do not produce any income for their owners, BitShare can be used to launch Decentralized Autonomous Companies (DACs) which issue shares, produce profits and distribute profits to shareholders. As such, BitShares is about making profitable companies that people want to own shares in, thus creating return for the shareholders. The first DAC launched by this proces was called BitSharesX, a decentralized asset exchange based in Hong Kong.
Steem:-Steemit is a social and blogging platform that runs over the steem blockchain.
I won't go much into the technical stuff as I'm still learning that myself and I find it's better to learn that gradually.
So basically you can earn by posting quality content.
I know it seems too good to be true but trust me it is true.
So what are the things you can do on Steemit.
You can earn by blogging.
You can earn by posting photographs.
There are also various contests going on and you can easily take part in those.
There's utopian.io for developers
Very nice run-down!
BTS and STEEM share the same underlying blockchain technology.
I have watched close only Steem, as it is my main asset. If there is a thing that I am not satisfied with about Steem is the fact that its development does not go so fast/well. There are still a lot of things to be implemented at its core and by now we only see changes of interface...
PS: congrats for upvoting and clearing your comment section, you have managed to bring a lot of great comments and activity here at your posts!
It's working, but this post really got hit. Not sure why.
I guess it is because people missed you :D