Virtualgrowth Current Market Outlook (at Moving Averages in Particular)

virtualgrowth (72)in #steem • 5 years ago

Thinking of offering some market insight as many people ask.. what you think?

source

Many people ask me what coins are favorite or to buy, hold, and what not. Short answer is usually of the nature of not going to answer that question. Not one for picking favorites. May not be good to exclude a potential possibility. Best to go with what you know and understand and to go from there. With markets improving like to understand along with others so thinking about writing about this when looking things over and seeing what people may be interested in.

Charts and prices are mostly shared everywhere. one other thing to look at is moving averages. Going to share recent moving average support levels.

STEEM

Dropped below Forty-five (45) day moving average about four days ago while staying above 150 day moving average for thirty-eight (38) days

Bitcoin (BTC)

BTC Dominance: 52.1%
Eleven (11) days above 225 day moving average support

Bitcoin Cash (BCH)

Dropped below Eleven (11) day moving average about three days ago

Binance Coin (BNB)

Above yearly moving average. Quickly recovered from slightly breaking below twenty-two (22) day moving average three (3) days ago.

BitShares (BTS)

Dropped below Eleven (11), twenty-two (22), and 225 day moving average about four (4) days ago while staying above monthly moving average for the past two months