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Random thoughts for entertainment purposes on cryptocurrency short term prices. This post is purely for entertainment value alone, and is not intended to represent or constitute financial advice. Always provide your own due diligence and risk management in respect to investments.

More carnage indeed! Prices are getting HAMMERED today. A couple of shorts manifested overnight/early this morning. I’ll be looking to add to my HODL positions if a few of these coin’s short targets are met. As always, time will tell, but i like these dips...it makes life more exciting, right? That’s what I keep telling myself, anyway..

Bitcoin

The Beast generated a trendline break down today; the current short target is $7950 USD / BTC.

Ethereum

Another one breaking down...this one is forecasting a short term price projection of $577 USD / ETH.

Ripple

Target met! No trades at this point, but if the wedge target hits, I would think we’ll see price in the neighborhood of $.58 USD / XRP.

Bitcoin Cash

More slaughter...this trendline breakdown is manifesting a short term target of $1050 USD / coin.

EOS

Weakness, weakness, and more weakness. A price target of $13.50 USD / EOS is on the chart.

Litecoin the Laggard

Here is where my 21 Litecoins should really shine...it should drop like a rock to $113 USD.

Cardano

Target met...awaiting a new trade setup to manifest from the abyss…

Stellar

Speaking of dropping like a rock, Stellar is falling hard. No short term price targets at this time.

IOTA

Ugly ugly ugly...but a target of $1.30 USD / IOTA

TRON

Still proceeding towards the earlier call made this week.

Digibyte

Ugh, even beloved Digi is getting hammered today. I will definitely be converting some Kucoin into Digi should the $.0325 USD target get met.

In Summation

Short term, we have:

• Bitcoin @ $7950 USD
• Ethereum @ $772 USD
• Bitcoin Cash @ $ 1050 USD
• EOS @ $13.50 USD
• Litecoin @ $113 USD
• IOTA @ $1.30 USD
• Digibyte @ $.0325 USD

An ugly picture, across the board. There is nothing even close to resembling a short term long target. Prices are getting hammered, and I think I am going to do the same at lunch (just kidding, but not really).

My hope is to get some market breadth indicators in place going forward, and home to have a few metrics for tomorrow. We aren’t getting to Luna today, friends, but at least we can make charts and graphs. Have a great weekend everyone - good fortune and good trading to all.