Tag: Cryptocurrencies

By now means am I saying I think this will happen, but technically the possibility is there.  What exactly is it I’m speaking of….
Higher Highs and Higher Lows
In order to have an uptrend price needs to make higher highs followed by a higher low and then a higher high.  (say that three times fast).

Looking at the daily price chart of steem you see we had our last high (which marked the bearish u-turn I called out) and the subsequent selloff to where we are now.
Price has started to turn a little here and if we see any follow through higher

On daily chart, TD8 1 more candle to TD9 possible reversal. If it does bounce, good on daily chart as it make a higher lows. On 4hr chart, stoch in extended zone, possible some bounce ahead.
stockpile for short : high (more slow bleed)
Short term moving average (day candle) :
RSI :
SBD/STEEM :
Weekly Timeframe :
24hr change :
Marketcap :86
Volume :204
Current supply :
Total supply :
Debt Ratio :
Daily supply :
Total account :
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On 4hr chart, did higher lows testing the resistance again, let see if it can do a higher highs and test the previous triangle bottom, now resistance. May test and pullback to channel bottom. Maybe can close of the week candle somewhere near the open to form tri star pattern which maybe a possible reversal but the previous look like tri star pattern bring btc from 6400 to the low 3000. What will it do this time ?
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :130
Total marketcap :114
Dominance :53.4
Bitfinex Margin Long/Short Volume Ratio :
Depth

https://www.tradingview.com/x/54jUV6ro/
This marks the 2nd post of the ‘Three Reasons’ series. The posts will alternate – a bullish outlook for a particular blockchain project followed by a bearish. Three is an estimate of convenience only.  These posts are intended to be brief expressions of my opinion on particular cryptocurrencies and are not exhaustive in detail.
3 Reasons – I Remain Long-term Bearish on XRP
Aside perhaps for Bitcoin Cash, few other crypto projects are as mired in controversy and competing camps as XRP. The entrenched divide between those who revile and those who embrace the XRP narrative has served to muddy the waters

https://www.tradingview.com/x/54jUV6ro/
This marks the 2nd post of the ‘Three Reasons’ series. The posts will alternate – a bullish outlook for a particular blockchain project followed by a bearish. Three is an estimate of convenience only.  These posts are intended to be brief expressions of my opinion on particular cryptocurrencies and are not exhaustive in detail.
3 Reasons – I Remain Long-term Bearish on XRP
Aside perhaps for Bitcoin Cash, few other crypto projects are as mired in controversy and competing camps as XRP. The entrenched divide between those who revile and those who embrace the XRP narrative has served to muddy the waters

https://www.tradingview.com/x/54jUV6ro/
This marks the 2nd post of the ‘Three Reasons’ series. The posts will alternate – a bullish outlook for a particular blockchain project followed by a bearish. Three is an estimate of convenience only.  These posts are intended to be brief expressions of my opinion on particular cryptocurrencies and are not exhaustive in detail.
3 Reasons – I Remain Long-term Bearish on XRP
Aside perhaps for Bitcoin Cash, few other crypto projects are as mired in controversy and competing camps as XRP. The entrenched divide between those who revile and those who embrace the XRP narrative has served to muddy the waters