Still Treading the Waters of Luna : A Crypto Update for 07-11-2018
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.
Two things...I'm a) still not living in Costa Rica and b) cryptocurrencies still haven't taken off. I see a lot of wishful thinking regarding big money showing up to the party, but will it? Unless the stock markets decide to finally correct and tank, I don't know why big money will chase yields in this space. Just my speculation of course, but I'm writing off 2018 as the year that I get to finally learn to quit my job and surf for a living the tropics. Maybe 2019?
Bitcoin
The short target of $6220 USD is in play, as is the $7370. Which will hit first? I don't know. I hope 7370, but think 6220 hits first.
Ethererum
I commented on my long target below on a fellow TA on Steemit. It's been a bit of laggard too, but there is always that potential for outburst. The new short target is $420 USD.
Bitcoin Cash
Bitcoin Cash has a new short target of $562 USD.
Litecoin the Laggard
Hey guess what? There is a real chance my 21 Litecoin will be worth $67 each short term. How amazing is that? I love it. Love you Litecoin, you're the best...
Tomorrow's Odds
Here is what the past 12 months of data show for activity on Thursdays.
Over the past 12 months,
- Bitcoin up 60% with mean 1.08% gain
- ETH down 52% with mean -.06% loss
- Bitcoin Cash down 68% of time with mean -.43% loss
- Litecon down 52% of time with mean -.62 %
It looks like Bitcoin is the coin people gravitate to on Thusdays...we shall see..
Good luck and good fortune crypto holders. I wish all of us nothing but the most positive of thoughts.