5 Crypto Charts . STEEM Bitcoin Ethereum Litecoin Cardano . Feb 8 2018
Whether price is up or down, investing is all about recognizing opportunity. So ask yourself, what kind of opportunity are you looking for?
"Buy Low, Sell High" they say. When price is up, one might be looking for an opportunity to sell. When price is down, one might be looking for opportunity to buy and reinvest. The good news is, there is always opportunity.
Right now we are looking at a great opportunity to invest over the next 3-5 months. After that, prices may return to those December highs. Summertime is especially a bullish season. So now is the time to be thinking about where you want to put that investment. Personally, I'm invested in STEEM.
Today I talk a little about STEEM, Bitcoin, Litecoin, Ethereum, and Cardano. Five Charts in one post. What a bargain. Thank you for the UpVotes. Tomorrow I will likely be posting 3 Charts. Leave a comment what coins you would like to see. I also welcome your comments on anything at all related to these blockchains. I do not go into Fundamental Analysis in this post. This is strictly Technical Analysis, not financial advice. Enjoy.
STEEM
Range between fibonacci zones which are also Support and Resistance areas. Essentially I see a range between $6 ~ $3 for the next 1-2 months.
ETHEREUM
My sentiment is bearish on Ethereum. It needs to break above $824 for me to consider any Bullish momentum. If it breaks below $700, we could go as low as the $400s. This correction will only strengthen a rally. I'm bullish on Ethereum in general, which is why I always leave my Ethereum address for any donations.
BITCOIN
OK, here is the tricky one. IF we bounce out of the $6660 again, then we cold realistically see the rally taking us back to December prices by April. Using an Elliot Wave 12345 pattern, I illustrate areas of Resistance and Support along the way. These are areas of both Fibonacci and Price History. They suggest areas for savvy traders to flip the bitcoin on the way up, thus increasing one's total bitcoin.
However, if price does not hold, then we could see a retrace again to the $5500 or even as low as $3600s. These are zones of significant Price History and could offer support.
LITECOIN
Forecast: Range bewteen 140 ~ 205. Keep your eyes on the horizon and keep smiling. Honestly I see a range here for Litecoin as it continues to show resilience and has bounced twice now out of the support zone, in essence a double bottom.
CARDANO
If we do not range within the Fibonacci Zone. Then the next price target is previous price action in the .00003 BTC area.
That's it for today. I'm wishing you happy trading. And if you appreciate real posts from a real person who really cares about steem, I thank you for your upvotes & resteems.
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Great charting. Added to tonights Daily Dood! Steem on :)
Wow Thanks! Coming from The Dood, i appreciate that.
Sounds interesting. Could you have a look at REQ or ENJ in your next post?
Nice to meet you. I first started to get into steemit. I'll follow you. Thank you for a good article.
Great article. Looking forward to seeing what else you'll post!