Crypto percentage losses for the first 6 months of 2018

in #bitcoin7 years ago

cryptochips.jpg

Here is a 6 month percentage losses for the top cryptos by marketcap. (From tradingview) Since the peak in December 2017, BTC and the entire crypto market has been in a bearish cycle. How have they performed?

BTC is down 53.9%
btc.jpg

ETH is down 40%
eth.jpg

BCH is down 68%
bch.jpg

LTC is down 63%
ltc.jpg

Stellar is down 41.5%
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Monaro is down 59.4%
monaro.jpg

Neo is down 59.2%
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Dash is down 76.2% (Can you say hammered?)
dash.jpg

BTC is at the Feb 18 spike low for a double bottom. As mentioned in previous posts, it is at a very precarious spot because the previous low is a major support level.

If broken to the downside, it will typically drop to the next support level which is a key moving average, a fibonacci level, trend line or a previous significant low or high. (Take your pick...lol) But that is how assets usually trade, at least technically.

If it is a double bottom with BTC, I speculate that the 2nd half of 2018 should be a grind up to the end of the year. 2 steps forward, one step back with a few minor declines. Watch the charts!

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Good post , so much info there. thank you for sharing your experience with us.

Thanks for the information bro....

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