Well it is nice to see a little green out of the alts the past 48 hours, but volume is lacking so it may just be sellers tacking a break as opposed to buyers coming in.
Taking a look at some bigger alts…
Looking at LTC you see volume is lighter than usual and a little bounce should not be of surprise as price had sold off 5 straight days.
I do like that this bounce we create a higher low from that bottom around 80. Either way, nothing too exciting going on.
Ethereum range bound
Ethereum has been bouncing around between 200 and 230 roughly for a little while now. An uptick after touching 200 yesterday is also not much of a surprise, volume is also very light on this up day.
Action is muted
At this point I’m waiting for the alts to do something, the market is rather quiet otherwise.
FTM seen from the 1D temporary we can see how the candlestick structure looks bearish, the previous candlestick closing below the ITZ point (important trading area) has caused bears to gain ground and we see it reflected in the current candlestick with its bearish momentum, the 1D demand zone located at 0.01802 does not seem to support the price for long, does not seem a very strong support, the major setup that shows FTM is a descending wedge so we should expect the price to form a new LL in or near the diagonal support of the figure, in the chart above I have drawn the possible trajectory that should follow the price in its path.
FTM seen from the temporality of 4H we can observe more closely the current movement of the candles, as we mentioned earlier, the price has been pushed violently down after the support drawn on the chart was broken by a horizontal blue color located at 0.02027, from here we should continue to see the price fall until we find the support of the larger figure, I have drawn the diagonal fall as resistance of the downward wedge, we see in the chart in blue.
In conclusion, when the price draws us a C point in the price range of 0.13 – 0.12 will be our best entry opportunity, the price should find strong demand that drives the price towards our target located in the price range of 0.02426 – 0.02554, we can make very good gains with this trade, however, I recommend as always to be attentive to the movement of candles in 1D and wait for the price to reach us.
As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.
Just spent time scanning through the charts looking for a top 50 coin to buy on a trade. Struggled to find anything that was giving me a buy single – UGH.
Indecision and selling pressure
Bitcoin has pushed higher of late and the alts have not followed at all. However, I’m not buying bitcoin after it ripped 2,000 points the past week.
I do like the consolidation it is doing now, as if it actually wants to leg up again. I’ll believe it when I see it and for now will just hold my long-term bag. I buy coin on pullbacks for the most part.
LTC and ETH – nothing says buy at the moment
As you can see litecoin looks rather indecisive after retreating from that head and shoulders topping pattern. I like that it is atleast hanging on here in the middle of the range as that is less bearish, but price action certainly isn’t bullish.
Ethereum looks like it just failed at the 230 level again so not a time to get long. Ideally we see some unexpected buying and it pushes through that level, but that is just a gamble.
And I could continue on. EOS doesn’t look much different nor many other coins. There is some strength here and there, such as BNB past couple days, but that trade entry is long gone.
I’m sitting on my long-term bag with my active trading capital idle on the sidelines for now.
Thanks to ALL of you, Steemmonsters (aka Splinterlands) is growing, it does not care about bear/bull markets and is ready for the next Bull Run !
SteemMonsters reached 247k visits in July 2019!
There is an important difference between total visitors to a site and unique ones. In this case the 247k include the multiple times a person visited the website.
Therefore, as a good Steemian you probably connect everyday which will make you count for a total of 30 visits.
Therefore, how many “unique users” does SteemMonsters has?
This is a very important question that I will try to answer later on. According to the Beta Analysis from the website I use to compile these datas, it is c.30,6k in July (compared to an average of c.20k over the past 18 months) !
One quick word about the Methodology
Datas can come from multiple sources listed in the end of this post
These sources get their raw datas from companies working with them and sharing their datas in order to get access to competitor’s ones, browsers add-ons, in-app softwares which allow the Big Data to have a very large panel of users (north of 20mn) in order to statistically have the number of users/visits…
I use these raw datas to make excels tables, graphs…
I] Traffic
Daily SteemMonsters Traffic
SteemMonsters Daily Traffic kept on improving since the launch to reach close to 10k daily visits in July 2019.
If we compare to Steemit.com, we can see that there is a lower % of mobile traffic, let’s hope the future app will fix these issues.
Steemmonsters website is ranked 133,146 worldwide.
We can also see that the rank is improving daily.
Google Trends
Google Trend is an Indice based on 100, which means that 100 represents the week when most people searched for “Steem monsters and steemmonsters” on Google.
Google Trends are still very low but there is hope as Bitcoin Google Trend is increasing slowly again, maybe more crypto users joining decentralized platforms?
Bitcoin Google Trend Graph
SteemMonsters Traffic share by country
In the Top 5, the strongest traffic increase came from Germany with +154% visits!
Mobile Traffic is low compared as it represents only 21.19% of the total
78.81% of players on Desktop, probably as it is more convenient.
Be Careful with the Number of Visits
Also, remember that if you connect from a different device (home/work computer, mobile phone, tablet) you will count as a “new visitor” on each of these devices.
So as an example, let’s say you connected at home, at work and in the subway. You would represent 3 visits out of these 1mn+ Daily Visits.
II] Marketing Mix
Organic Search is once again improving and represents 67,3% of the incoming Traffic.
Organic search is when people research on Google. As the number of quality bloggers on Steemit increase, our content has a higher probability of being listed in Google’s Top results.
Different Channels:
Direct: When you type in you Web browser www.steemit.com Mail: When you connect to steemit.com through an e-mail link Referrals: When you connect to steemit.com through a link found on another website (github…) Social: When you connect to Steemit through a Facebook, Twitter, Instagram… page or link Organic Search: When you type a search term like “Crypto” on Google and you click on one of the following steemit link proposed to you
Traffic Share Evolution since inception of this analysis
You can see the continous improvment of the direct line. This is showing active players and commited ones. You can interpret this growth as the ability for @steemmonsters to grow its number of players and keep them addicted to the game. Congrats !
As a player myself, I can understand why people stick around :D.
Referring Social Pages
Youtube represented 53,4% of all the social platform incoming traffic. Reddit is also a strong source of new visits on the Steemit Platform.
5 most searched terms on Google that lead to Steemmonsters.com
To be honest, I don’t really get how some of these requests lead you to Steem but… it does.
What are Steemians main interests?
Gender Demographics
Age Distribution
III] Steemit website metrics
You feel a bit confused about these 3 metrics? Let me explain.
Bounce Rate is the % of people that leave the Website after just navigating on a single Webpage. The lower, the Better
Daily Pageviews per Visitor is the average number of pages a visitor opens. The Higher, the Better
Daily Time on Site is the full time a visitor spend on the website before closing the internet Webpage. The Higher the Better
Bounce rate is particularly low which is probably linked to the fact that most traffic is direct, meaning loyal users mak the biggest chunk of the traffic and they come to do their daily quest / tournament.
My assumptions for July 2019
Total visits to SteemMonsters.com: 247k
Assumption of Total unique visitors in July: 25-30k
Total Daily visitors: 7.5-10k
Assumption of Total Daily Unique visitors: 4-6k
This is a collective achievement and I would like to congratulate all of us! We need to continue helping @yabapmatt to grow this platform
If you would like more data: Check this post from @steemmonsters: https://steemit.com/steemmonsters/@steemmonsters/guilds-well-that-escalated-quickly
This monthly report makes me very optimistic about @steemmonsters future !
Next BigData Analysis coming on @drugwars, different social Steem apps and other cool projects !
LINK seen from the temporality of 1D we can see how the structure of candles has found support within an important area of demand marked on the chart with a blue rectangle located within the price range of 1.9628 – 2.0597, the smaller figure shows a trend reversal setup, however, the price has found resistance in the blue horizontal located at 2.4909 so we could see an ABC structure approaching the support located at 2.1250, so we can see a change in trend, the price has to mark an HH above the blue horizontal mentioned above.
LINK seen from the temporality of 4H we can observe more closely the current movement of candles, we see that the price falling below the blue horizontal has made a pullback confirmation bearish which should cause the price to fall towards the area of demand indicated within the chart with a blue rectangle located within the price range of 2.1250 – 2.2027, the price should find strong demand in that zone so that we can see an upward momentum to position the price above 2.4909 and we can see a change of trend.
In conclusion, the price should retreat into the price range of 2.1250 – 2.2027 creating an ABC structure which would be the beginning of a game of (EW) of the next impulse of the major figure, if the price falls below that zone of demand we should wait for the reaction of the price in the major rectangle seen in the graph of 1D, if the price falls below that zone, the downward probailities will be greater, it is advisable to wait for confirmation in any of the areas indicated in the graphs above inside the rectangles and be very attentive to the movement of the next candles in 4H and closing the daily candle.
As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.
Anyone paying attention to crypto knows that BTC has been soaring against alt coins for most of the year. Many alts are near their yearly or all time lows versus BTC.
So when is the right time to get into alts?
LTC vs. BTC analysis
Looking at the daily chart of LTC vs BTC you can see price is currently testing the most recent bottom. Obviously if price holds here then we have a double bottom in that we may be able to trad off of. However, the ultimate lows are still a but further away at .007.
From a risk-reward perspective the trade really isn’t all that bad right here considering price was at .017 just a couple months ago.
Even if price went to the lows to stop you out, it would be only a .0015 loss compared to the possible upside of .009
That’s a 6 to 1 risk-reward ratio!!!
If you have ever read the book Money: Master the Game from Tony Robbins there was one of many themes found when he interviewed top money managers.
They looked for investments that offered 5 to 1 risk-reward scenarios and mainly stuck to that rule.
As for LTC against BTC it could certainly continue lower, especially considering BTC has its halving next year and LTC just completed its.
I’m just saying, from a pure trade perspective there is definitely solid arguments for getting long.
STEEM seen from the temporality of 1W we can observe how the price in the last weeks has been changing the momentum when approaching the second zone of demand in 1W located in the 0.2181, we can clearly see this change in the bodies of candles, we also have bullish divergence from the technical indicator RSI, we see that the relative strength has come up during this structure with double floor potential, in a short time we could see a strong upward movement, we still need to see a bull candle to confirm the intention of the bulls, but the scenario is quite good.
STEEM seen from the temporality of 1D we can observe more closely the current movement of candles, the last two candles have found support in the same horizontal, we can see in the double floor formed by their wicks, if the current candle ends this way we could see a bullish candle that makes us a bottom tweezer in the next session, within this temporality we also have bullish divergence in relation to the technical indicator RSI, the movement of candles has drawn us a bearish inclination while the relative force has come in increase.
In conclusion, after several weeks of strong bearish movement, STEEM seems to show signs of a possible change of trend with, this change may be very strong, the target zone is the supply zone located at 0.3449, we still need to have bullish confirmation, however, the divergences present already begin to warn us of a possible reversal, I recommend to be very attentive to the closing of the candle and confirmation with the next, we could have a +50% gain once we reach the target.
As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.
Here is a quick post to tell you that I am doubling up on STEEM. One of the Reason is HF21 (find all the info from @steemitblog’s post here) but this is neither the only one or the most important.
I think HF21 has its flows, yes it redistributes more to SP holder, but through this it will bring more investors, therefore more Buying pressure and a better STEEM Price I Believe.
More curation rewards also means more attention spent by SP Holder to curate content of quality. This would be beneficial to the entire STEEM Community.
In the end, what is the point to have 75% of your posts STEEM rewards / SBD if they are valued at a few cents, wouldn’t it be better to have 50% of a post valued a few $$$?
Not to mention that your SP and current liquid STEEM would increase in overall value.
As you know, a good STEEM price increase would attract new users, which will make prices go up : Virtuous circle.
Lately, I have assisted to many projects which confirm that STEEM is the Home of an innovating ecosystem with great entrepreneurs
@actifit launching its token on Steem-engine
@steem-engine allowing projects to get some kind of funding
@steemmonsters keeps on rolling ! Guilds are online and I think the phone APP launch will be the “going to mainstream” moment
@drugwars developments are continuing and even if the last release was not to the liking of some in the Community, th game is heading in the right direction
@nextcolony is launched and people seem to enjoy it
@steem-bounty increases interactions between Steemians
@steemhunt has maintained a high level of engagement
@partiko is working smoothly and is still my go to app on a mobile phone. (@esteem is also very popular)
@steempress allow bloggers all over the world to publish on Steem so easily
@dtube and @threespeak allow “Youtubers” to share and earn through the STEEM Platform
@appics is entering its final phase of development and will launch its token very soon
I could go on and on ! So many great projects out there !
Later, in another post, I will also share with you some doubts about some of the coins that popped up on Steem-Engine and are valued at delirious levels.
Later, in another post, I will also share with you some doubts about some of the coins that popped up on Steem-Engine and are valued at delirious levels.
My Latest Transfers to Steemit
Today
On July, 30th
Preparing HF21
As I want to be very active after this HF21, I decided to increase my SP in order to curate some of the best content creators I know on the STEEM Platform
If you happen to have some Spare SP, do not hesitate to fill my offer on @minnowbooster !
I hope you enjoyed this post, if you did : upvote, comment and resteem. I will upvote answers and set a nice @steem-bounty.
Bitcoin has had a slow and rather quiet move higher over the past few days. That is until today where volume has picked up in the past few hours and price pushed more than 600 points.
11,600 has been a pivot point before
Looking at the chart you can see price has come up to this level in the 11,600 area. With price now getting a but extended from the 10 day moving average and volume being somewhat low for this move on a whole it would not be a surprise if the up move died in this area.
However, if that were to happen then some sideways to slightly lower consolidation would be bullish.
To be honest as long as it maintained above 10,800 while the moving average caught up I’d be happy with the price action.
Putting aside what BITCOIN is doing lately, it is worth to check as well what the TOTAL crypto market does.
It is a fact that BITCOIN is being feed mainly by the altcoins in the present days since doesn’t look that “fresh” FIAT is entering at the market nowadays, that’s why looking at the BITCOIN chart versus USD can be a little bit misleading since there is a lot of selling pressure for BTC by the altcoins side
However, as I wrote yesterday in this post an enormous Bullish Flag has been formed as well at the Total Cryptocurrency market.
Inside this Bull flag there is a count that will fit in and may give you some hopes regarding the end of the correction is probably done. It is a Regular Flat Correction (3-3-5)
The only “but” I see in this possibility is that, in order to be considered as a “Regular Flat correction”, “B” should be just below the start of wave “A”, and, it is but perhaps so much low…
Anyway, let’s consider this count as good, if so, then the correction should be already finished and the Total Crypto Market should has finished already the first wave upwards and working on the third and more powerful wave, something like the following:
Nevertheless, as I said yesterday with the BITCOIN chart, a Bull Flag can promote at least 5 rebounds between its confining lines:
Conversely to BITCOIN’s Volume, the TOTAL MARKET Volume has decreased from the top of the year but not so much compared with the Crypto King and what I see in the Daily RSI indicator is an excellent situation for higher highs:
So, yes, IMO we are now in an important moment according to the Total Market Chart, be ready to experiment a possible sudden Price action, mostly on BITCOIN but also in other big Altcoins afterwards.
Enjoy!
Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
