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RE: Chart Potpourri

in #steem6 years ago (edited)

All we need to see is the round bottom in all coins. I also like ve to use Fibonacci as a guidance. BTS is looking great, 50MA crossed 200MA which is confirmation of trend change. SYS is the same, nice consolidation there. What I love about SYS is the vedge or bull flag or nice mini triangle to the upside. Once we break it it should match the same run up it had recently. I always love these breakout and then consolidating. It’s mostly very bullish. Steem looks extremely bullish to me. All coins you have here have basically switched from downtrend to breakout. It’s a great sign especially after today when ETH broke out of consolidation, I believe most coins will follow. SYS is still on my watchlist. Unless some fake news come up, I’m looking forward to nice gains in crypto in general.

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There's been a 20-200 cross, but the 50-200 has a way to go still . . . on the daily anyway. In any event, you've got to love these kinds of flagging patterns when seen within an overall bullish setting. Thanks for pointing out that ETH breakout. As you say, there's a rounding bottom building on just about all coins, which is a very healthy sign for the overall market.

Yes, you are right. It’s 20MA crossing the 200MA. It’s still looking great!

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