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BTC
We had good volume, more than 21 billion USD total mcap during the bull run yesterday. We fell back from BTC $7600 down to $7300 right now with lower volume, which is generally good.
If we look at fib retracement we should fall back towards $6800-7000 levels to retest at 38,2 fib which is very normal. From there on I think we will continue upwards. This is the most realistic thing right now.
Other possible scenarios that are less realistic is another huge spike today or that we fall lower than $6800. I would not bet on that! At least not sub $6800.
ETH
There is little movement in ETH. Due to the congestion in the network and lack of on chain solutions I think there is only a question of time before EOS passes ETH. Yes, ETH is also going up, but there is little action
STEEM
Steem is also pulling back, quite a lot more than the others. It did of course go up quite a bit (up 15% at the most)
EOS
Pullback for EOS as well. Nothing special worth noting here either
NEO
NEO still in its short term ascending bullish channel.
Follow me @steemcharts for daily updates on Steem prices, Bitcoin Prices, Steem statistics and Technical analysis.
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.
This post received upvote from @tipU :) | Voting service guide | For investors | Claiming Byteball Airdrop Guide.
Coins mentioned in post:
I don't think this is a bull trap, but I also doubt that it is the start of the major bull run.