My technical analysis for the markets today [ironic!]

in #steem8 years ago (edited)

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UPDATE:

Ok, friends, I was feeling ever so slightly in a negative mood yesterday!
But let's all remember the most important fact here:

Jon Snow is a very difficult character to kill off!!! ;)

Or, in other words:

Blockchain technology is still one of the greatest innovations ever, and the tech still works flawlessly!

So, I'll be holding and/or buying more at some point :)

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Lolololol :)


It depends on people who are mining. If segvit comes them the price of bitcoin will reach upto $4000 are will kick everyone's ass who's not buying it now. But if bitcoin ABC, Softfork will come then the market will kick our ass. So, in both case we should take care of our ass or simply we should buy a armour shield for it ! Lol 😝
In softfork the price crash will take it to $2000 and second crash will take it to $1600.
Hi @xaero1 @xaero1 , @breshepard

Sounds like you have a crystal ball ;)

I've researched on this.
From last 5 days I'm doing this how can it be change and it sounds weird but 75% of miners are in favour of segvat @xaero1

I think around 80% are in favour of 'segwit2x' but it remains to be seen if that will be ready by Aug 1st.

That's a good one! <3

Thanks for sharing this ironic meme..
Crypto market under negative pressure..

Regrading Bitcoin:
2263.70 level formed solid support to push the price to attempt to rise again..
but if this level was broken will see soon 1850.00!
Let us see what August FORK will bring us..

Regrading steem:
We need patience, as it is long time investment..
HF20 in the way ..

Full Steem Ahead
"Steemit is like a marriage in good and bad times.."

Wow, great comment .... and you've put way more effort into your reply than I put into my meme post!!
Thanks :D

No effort my friend as I like to comment in your posts!!
The meme posts sometime needed to attract atention about someting real..
Your meme post is so good for who understand what you want to say..
From time to time I also use the meme posts..
same this :

https://steemit.com/funny/@lordoftruth/steem-and-cat-dream https://steemit.com/steemit/@lordoftruth/the-road-to-a-happy-steemit-marriage-is-far-from-easy

Thanks for support and upvote
Have a great and sunny day

Thank you very much :)

You are welcome
I must thank you for your great support
Check this meme post please when you have time
https://steemit.com/steem/@lordoftruth/tomorrow-is-going-to-be-great-just-think-of-all-of-the-amazing-things-that-you-are-going-to-steem

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Love it! And some great advice ;)

All these memes are healthy in a sobering time like this... but actually it makes perfect sense for it to happen, crypto just saw insane gains for a few months, just consolidating. Yes, it hurts like hell for those of us who've been buying alt coins like mad since June (cough cough, yours truly) but ALSO markets often cool down during the summer (pun intended) because people are chillin', swimmin', vacationin' (etc.) and they ain't tryna be tradin'

Consider it the Summer Flash Sale! Buy more and HODL!

Great comment.

Personally I planned for this scenario, and was pretty well prepared by selling off a large proportion of my holdings...by the paper losses on the ones I still hold (primarily steem power) are still not so nice :)

Hey buddy ,like John Snow ,also crypto will be back from dead. Will see 🙂

Haha.... you know, I was going to make that exact comment :D

Haha, it very hard time atm ,everybody notice that. Many people are going crazy atm ,but we should stick together ,like one big family . John Snow is second name of steemit 😀

Nice! We need to keep patience and look for buying signal.

Exactly my plan. Hopefully I'll try to post something about this.
Great comment.

this is perfect IRONY at its best.

Thank you very much hehe :D

nice post~!
nice to meet you~^^
I followed you~:)

Thanks very much @sweeti. Very nice to meet you too! And welcome to steemit!

Fantastic meme
I have invested in bitcoin today of worth $500 , it seems within a month there will be a rise and every single coin on bittrex will have green arrow with it.
I'm just waiting for that day
Its all that people are worried about their loss but they're not seeing the opportunity they have now .
Its pretty sure that the crypto market falls and ups and downs are there in every coin.
I advice people to buy some now for their better future profit
Keep smiling keep steeming
@xaero1

Thanks very much. I don't like being negative, but the truth of the matter is that today was indeed a bloodbath for alt-coins :(

But you offer good advice - in the sense that I'd say from my experience that a day (or several days of 'red') on poloniex will eventually be followed by a day of 'green' everywhere. But I have no idea if that time is now!

It time for shopping here in crypto world!!!
Invest and HODL :)

Everyone have good days and bad days...Will rise up again, like every time before!!!

I like your message :D

Actually I like it too :)

But to be honest kinda sucks to look into portfolio...
It's time to grab more cryptos, and just forget about it- go swimming, fishing etc.,just enjoy summer...
And come back after couple of months and grab the huge profits!!!
I like to call it ''winter reserves"

I'm vaguely tempted to buy right now... but often when I try catching falling knives (which I do!), I end up getting a bit cut :P

Just don't play chicken game here, worst thing to do...
Many people will burn their bums in this crazy time :)

Don't be like Vitalik, he sold 25% of his ETH at 7.43 $ :D

All WE Need To Do Is HOLD!! 😎

Thanks. I have already sold as much as possible of everything else. But I will be hodling my steem power (well, I have no choice! ;) )

Hehehe Yup

can you help me like any other @xaero1 i have some memes that are interesting to see

https://steemit.com/meme/@wahyusaputra/meme-my-feeling-when-looking-at-btc-prices-now-2017816t1174860z

Hahahahahahaha

Very nice!

Thanks, you gotta laugh... :P

image
I will really like ur post
@xaero

Haha... oh well, I guess I shouldn't argue;)

hahahah @xaero1

TBH, I really liked the market today. It is so down; best time to buy .

Thanks very much!

And yeah, i made some short term trades in BTC/ETH, but I'm not convinced about holding right now. I'd be looking for a 'rounded' bottom in the charts, and this might likely be a while away. Actually I bought some more steem, buts that just 'cause I'm a bit crazy ;)

and it will hit down after that they never said !!
PS: #JustforFun

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I hope the cryptos will get back on track soon! I bought some ETH for a short trade about a week ago and now I can't sell it :(

Trading is a difficult game. I think I'm not too bad at it. But doesn't mean I didn't loose $100k's(!) but this is just because I still have some big holdings (principally steem power). Anyway, when the market crashes it's normally a great opportunity to make money / make some of those loses back - but you just need to have some fiat ready and waiting for when there's a lot of 'blood on the streets'. I'm not sure that we've reached that point yet, for one reason because we didn't see huge amounts of volume yesterday (although I could be wrong).... but at some point I expect there to be a good opportunity to buy back in. In the case of buying back in to 'hold', I'd be looking for more of a rounded bottom in the charts perhaps over several weeks, rather than a v-shaped bottom....but that's just my thinking.

$100k? That's a lot of money! Thank you for useful tips :) I will watch how the situation will develop

Well anyone with 200k in steem power would be in the same situation right now, with that one. But I can't complain too much as I got a good amount of it at pretty decent prices. Just hoping it turns around at some point (soon) ;)
Thanks!

I feel like right now or very soon would be a great time to buy more Steem.
It's not like Steem is going away, right? ;)

By the end of the week I should have enough fiat to invest a bit :)
Steem seems like the way to go!

I have been buying more steem all during this downturn, but I can't say that the results have that great, since it has still kept trending down! If it's not a very large investment then buying a small amount at regular intervals (i.e. 'dollar cost averaging') is often regarded as a sensible idea because it means you dont need to try to second guess the market. And yes, I believe in that platform, but you'll have to make your own decision about when to buy :)

That's good to hear. I feel like there are many large investors on Steemit, which will boost everyone's confidence and stability of the platform.
I just got two new friends to join Steemit yesterday. They are both excited about blogging and content creation, so it is good to have them on-board.

Is it true that if you transfer your Steem dollars to Steem Power, even if the market rate of Steem dollars is lower than 1.00$, you are rewarded the value of 1.00$ per Steem Dollar.

For example, right now Steem dollars is at .90cents, if I move it to Steem Power, is it transferring at the rate of .90 cents per Steem Dollars or 1.00?

I hope that makes sense
Thanks buddy! :)

:P No worries friend, it will rise to the occassion :)

Let's hope so! cheers :)


Blockhain is one of the best. So it's only natural that you will buy more. A fortune for you. Good post @xaero1👍 If you do not mind please help me I just shared : https://steemit.com/photography/@fahmidamti/trying-to-take-some-beauty-on-the-asphalt-road-mencoba-mengambil-beberapa-keindahan-pada-pekerjaan-jalan-aspal-2017814t18948435z

now showing an uptrend..

Yes, seems to be!


amazingawesome post and meme @xaero1

hahahah very wrongly said

Cool ironic meme!) @xaero1

Cheers :)

lmao, the guys face makes it perfect

Haha, glad you liked it!

Market will still go down untill all things are sorted out about bitcoin fork

Melodrama, but that's just imho ;)

I dunno... maybe the fact that everyone's away on holiday at this time of year is just as relevant (traditionally, never a good time for stocks, either)

i was like Shocked to see price of Ether suddenly went to comma

I was not shocked because the technical analysis was not looking good for it for weeks (and this has nothing to do with fundamentals). Whereas, the BTC chart was still on a knife edge until it resolved downward yesterday.

verry nice post..

brave yourself bargain are coming

Would be nice :)


Good jobI like your post @xaero1

I has resteem your artickle
image
@xaero

Much thanks!

Good idea, I really like it @xaero1

Cheers!

Thanks !

Thanks for post, i like your post, i am now following you, please follow me, i post a funny adult story, if you like with my post, i am happy

Will check it out. Cheers.

lol @xaero1

Hehe... thanks

Youre welcome master @xaero1


i like it:D awesome meme @xaero1

Appreciated! :)

hahaha

You are great at making it, great post awesome meme @xaero1

Cheers :)

Oh man! That's funny! Upvoted!

The answer is patience my friend. Remember how long it took bitcoin to go from 1 to 3000!

I will still be buying... still got some power that's dry ;)
But still, i find it's good laugh even when you're losing money (on paper).

:) Lol.....so true. It's been an interesting couple days in crypto land that's for sure. Today practically EVERYTHING is in the red on coinmarketcap's front page.

Buying opportunity????

Difficult to know.... If you look on the charts on poloniex many are nearing a 100% retrace of the recent rises - e.g. BTS, GNT, STRATIS (that one looks particularly horrible! and I made some nice money on the rise but fortunately didn't hold on to any of it.)

But the big ones: BTC, ETH, LTC could still have a lot more potential downside i believe (from a technical point of view). And the total crypto market cap is still an order of magnitude greater than it was 6 months ago. And I expect BTC falling more, if that's the case, could well continue to drag everything else down.

So, for me I think I'm going only be doing short term tactical trades if I do anything (I.e., buy into a deep crash, but only with a view of selling after).
I plan on waiting for a nice 'rounded bottom' to the graphs before I'd really want to start buying back to hold.

I wonder if this has anything to do with fear/anticipation surrounding the Aug. 1st Bitcoin fork. Part of me thinks that the crypto world in general may stay in a bit of a lull until then just because of all the uncertainty.

Because the Litecoin SegWit went well, my personal feeling is that whichever way Bitcoin goes will end up being positive...but I think people will be worried about it until it actually happens.

I think Bitcoin will go up after the Aug. fork (I'm not sure whether it will be the hard fork or the soft fork but I'm hoping it will be the hard fork as that will address more of the issues). I'm guessing it will be really low right before that though.

Who really knows of course but I'm planning on buying more Bitcoin and Eth between now and Aug. and holding onto my Stratis. But then again, as you know...I'm not day trading but holding for longer positions. My main decisions are what to buy and when and I definitely think in this uncertainty, buying Bitcoin and Eth is a good bet for me.

Thanks for your comment. It's good to know what your doing and have good reasons for your decisions for each of your buys.

Personally, I'm going to be staying out of buying back until I see technical signals...but if you aren't day-trading if it's very difficult not to miss the ideal point for buy-back. E.g., perhaps you wake up in the morning, or come back from a day at work...and look at the markets and everything is perhaps up 30% and you've missed that opportunity.

I don't have much of a view on Aug 1st thing re bitcoin; but personally I don't think it would have much relevance to any of the other coins out there (if anything, I'd tend to think ETH might get a boost if bitcoin had troubles).

Well, the markets look slightly better today at least (I should say at this exact moment they look at little better....earlier today not so much). Yeah, definitely makes sense for you to hold back until you see your technical signals since you're a day trader.

My only rationale for thinking that major things with Bitcoin will drag down the rest of the cryptos is just that that's how it operated three years ago when I was really into this stuff. Everything rose and fell with Bitcoin. Maybe it's not like that as much now but I still tend to think that Bitcoin still holds at least some of that influence over the rest of them. Only time will tell though I guess.

Yes.. and looking not too bad today. I'm personally expecting this bounce may go up a bit more, and so I bought some BTC,LTC,ETH,EOS,BTS....but just for 'tactical trades' - i would plan to offload again for a bit of profit if i can.

I also bought to more STEEM....but that's just 'cause I seem to have a bad addiction to trying to increase my SP :P. Will be definitely stopping at 250k of it!

Anyway, interesting - so you did a bit of trading in the past? Out of curiosity, is it just small amounts you trade, or something a bit more significant (I.e., meaning that's it quite important to try not to lose too much of it? ;) )

I think you were smart to buy that BTC, etc. and agree that there's likely to be more of a bounce. Okay....after I typed that I just looked at coinmarketcap and yep....everything is definitely higher now than the last time I checked it which was hours ago. So....hopefully you've already managed to sell some and made a bit of a profit :)

Haha...of course you did (bought more steem)! Your SP addiction was one of the first things I learned about you...so not surprising there at all :)

Yes, I did a bit of both trading and mining in the past. I was mainly mining Litecoin on a dedicated mining rig and was buying up Bitcoin and also branching out into a bunch of other stuff. It was all just small amounts, extra cash that I had on hand as well as a couple hundred $ out of my pay cheque every couple weeks. I stopped the dollar cost averaging for around three years, but recently went back into it again (once everything started to boom....wishing I had never stopped....lesson learned I guess).

I think the next small position I'll take is Santiment (SAN), which supposedly just started trading today on Bitfinex today.

that's a controversial meme I think ? may be I am too late, but I am looking to buy some crytocurrency and to be honest I am totally lost,can u recommend the best 5 or something? I already got some ripples.

You're right, it's a bit controversial/edgy. But I think it has some truth to it. The end of a bubble is never nice :(

Well, if you're in the market to buy, now is better than it was a month ago!!!
But I can't really advise whether to buy now or wait longer for potentially a better price.
But I can say what I plan to do personally: I won't be trying to buy into a falling market with the intention of holding. Instead I'll bevwaiting for a nice 'rounded bottom' which has formed over many weeks perhaps; or even a double bottom.

I can't really recommend what to buy because everyone really has to take responsibility for their own choices and do their own research. However, I can say that steem power is main crypto I'm still holding - and as long as user numbers keep increasing, I'll be looking at add to my position!!

I feel ya bud. My thoughts exactly. I definitely got in at the wrong time, but I know it'll go back up. It would have been much more lucrative to get in now and HODL.

Personally, I'm going to be patient before buying back in / buying more. But when that time comes I would suggest it will be a great opportunity to make some money and/or lower your overall cost base (if you still have spare funds).

Personally I would put money on the overall crypto market retracing upwards at least 50% on the way back up, once it had reached the bottom (this is not trading advice though).

Literally staring at the order book waiting to pull the trigger for ETH, but realized I should definitely wait a bit for the upward trend. It's still trending down!

Thanks for the input. Wise to be patient.

Don't know how many days the negative trend continues. Nice post.

I don't know either, for that matter - but cheers :)

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Well chaincoin CHC is looking strong all week. Join the HODLERS

Hehe ;)

Please help vote my intro article, i just play steemit, i like your performance please help @xaero1

Do you like with my post about introduction of self, I hope you like it, because only you hope me and the best people in steemit
Https://steemit.com/introduceyourself/@fira/hello-steemit-my-name-is-fira-let-me-introduce-myself-2017813t1981856z @xaero1 :)