Some Thoughts on Cryptocurrencies : An Update for April 28, 2018

in #digibyte6 years ago

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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.

We made it to the weekend! How about EOS? First blew up Bitcoin Cash, and now EOS. You know what hasn't blown up? You guessed it. My 21 Litecoins, that's what hasn't blown up. Thanks Litecoin.

A quick review of the charts:

Bitcoin

Screenshot 2018-04-28 at 1.54.25 PM.png

Not much has changed; we still have targets in play on the long side, and more upside generates an even larger long target.

Ethererum

Screenshot 2018-04-28 at 1.55.46 PM.png

Ethereum's targets are still in play too, with a massive bullish long target getting ready to manifest.

Ripple

Screenshot 2018-04-28 at 1.56.39 PM.png

This one has a short target in place yet, but I would expect that to be stopped out soon.

Bitcoin Cash

Screenshot 2018-04-28 at 1.57.18 PM.png

No new setups in play at this time, but looking very bullish.

EOS

Screenshot 2018-04-28 at 1.57.52 PM.png

Target met, and then some! It turns out I own about 11 of these, so I just need EOS to hit about $100,000 USD each to get to that one million mark. (good luck with that)

Litecoin

Screenshot 2018-04-28 at 1.58.24 PM.png

How bad is Litecoin? It is now the #6 coin by market cap. Cardano recently blasted by it. I seem to recall that Litecoin team making some comment about how Litecoin's market cap would surpass Bitcoin Cash or something this past February. What planet was Team Litecoin on?

Digibyte

Screenshot 2018-04-28 at 2.00.35 PM.png

At least I own me some Digi...and Digi keeps on crawling back to its all time highs. This one actually generated a long target of around $.07 USD/ coin Go Digibyte go!

Steem

Screenshot 2018-04-28 at 2.01.13 PM.png

Another one still blasting away towards it previous highs. No trade targets yet, however.

System Recap

Screenshot 2018-04-28 at 2.43.08 PM.png

And the system is back to a 50% win ratio, but still achieving a 3:1 win/loss ratio. I think next week is bullish again, and we'll see a few of the open targets achieved. At least that is my best guess.

I'll add Cardano next week too, and any other coin that surpasses Litecoin. I do wonder how far Litecoin's market cap will fall? If my plus +100 Kucoin surpasses, well, I don't know what to think...


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Thanks again for reading, and I hope everyone has a great weekend. I'll be grilling up some bratwurst and kraut here shortly, as spring finally feels like it is here. It's High Life time!

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