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Please leave a comment and an upvote as well! Also, let me know if you have any wishes for charts that I should do.
Disclaimer: This is not investing advice. These charts are for fun and beginners. An easy to understand basic introduction to charts.
BTC
Back from a small holiday, and cryptos is once again falling. It's falling on no particular bad news - other than the FACT, unfortunately, that crypto has very little utility and does not yet help solve any real life problems. Anyone who is into crypto however, does know which fundamental issues crypto does solve. p2p, no third parties needed, transparency, freedom. And as long as you understand that in order to have a functioning Blockchain, you need a valuable token in that Blockchain to make it work as a Blockchain - and Bitcoin is most likely to be the one.
Right now though we are heading through support and breaking all moving averages. But we have barely broken through fibonacci retracement 38,2. I think there is a good likelyhood we will go up from this area (6800-7300) or at least trade sideways. Could we fall lower again? Anything is possible, but charting is all about making good qualified bets - and I did personally buy at around $7000 because I think that is an area of strong support. I have no stop loss in this area.
ETH
ETH is just following as usual
STEEM
Steem is in bad shape, and is actually lower than we were in the lowest point in June.
EOS
Touching the lows from July..support.
NEO
NEO is in bad shape, and that blue support line is really life support for NEO.
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Please leave a comment and an upvote as well! Also, let me know if you have any wishes for charts that I should do.
Disclaimer: This is not investing advice. These charts are for fun and beginners. An easy to understand basic introduction to charts.
