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CryptoWatch #1 - How far will Bitcoin drop?!?!

BY: @joshmocek | CREATED: June 12, 2017, 6:57 p.m. | VOTES: 20 | PAYOUT: $0.10 | [ VOTE ]

https://www.youtube.com/watch?v=I1oteF2LKd8

Here is my cryptocurrency watch for June 6th, 2017. The video has more in-depth explanations, but here is the short synopsis.

Bitcoin

[IMAGE: https://steemitimages.com/DQmZhD5TQmGBwsrdSju3c8sShVb3bNPayBs7GrRDKHScDn5/btcusd.PNG]
Based on it's past performance, Bitcoin's last dip was around -30%. Which would coincide with the support line at $2118. I don't think it will dip this low, so the best buy point is the first support line.

Ethereum[IMAGE: https://steemitimages.com/DQmVZ7MKooHj8u8jT8w351tRizk3WjZRtzV4CLEXbLomti5/ethusd.PNG]

Ethereum's last dip was around -40%, which is our lowest support line, but I doubt it'll dip that low. Our buy point is around the other support line at $324.

Golem

[IMAGE: https://steemitimages.com/DQmZjTpvQBFE3xDnz2jds8fqgmyFu3cXi7YmdrPBuSwdBuh/gntbtc.PNG]
This has been trading at around the same area for a while, and currently looks like a good buy. This has potential to break out from here.

Siacoin

[IMAGE: https://steemitimages.com/DQmf1ydmtqgRvww5QQNoGUTJEhc1FXpoPtCZwNgtCtuUKVq/scbtc.PNG]
I would hold off on buying this until it decides to turn around from its decline.

Steem

[IMAGE: https://steemitimages.com/DQma5tJAqp94KykXmy1z3TrYWktvyhjBBDSu1m3vTR2d9eh/steembtc.PNG]
This one, like Golem, seems to be at a pretty strong support level.

If you have any questions or suggestions for crypto currencies you would like me to look at just leave a comment.

TAGS: [ #bitcoin ] [ #ethereum ] [ #blockchain ] [ #cryptocurrency ] [ #trading ]

Replies

@sarmins | June 12, 2017, 7:01 p.m. | Votes: 2 | [ VOTE ]

Pretty nice explanations, for a begginer like me! Nice job!
As a guy with not a big balance, should i invest in Steem and Golem rather then the expensive coins?

@joshmocek | June 12, 2017, 7:15 p.m. | Votes: 1 | [ VOTE ]

Well it's not like stocks where if you wanted some you would have to buy 1 whole stock. You can buy fractions of them. Ideally I'd diversify your portfolio. Personally I have like 50% in ethereum, 30% bitcoin, and the rest are other altcoins like steem, golem, and Siacoin .

@joshmocek | June 12, 2017, 7:16 p.m. | Votes: 0 | [ VOTE ]

Buy whichever one you think will go up the most percentage points.

@ironshield | June 12, 2017, 7:04 p.m. | Votes: 0 | [ VOTE ]

Fascinating! Steem leveled out while bitcoin and Eth are dropping like rocks! I believe this bodes extremely well for Steem and other competing currencies. @ironshield

@joshmocek | June 12, 2017, 7:13 p.m. | Votes: 1 | [ VOTE ]

I know and they've fallen even further since I posted this!

@bonsaitreehouse | June 12, 2017, 7:07 p.m. | Votes: 0 | [ VOTE ]

I'm looking for bottom from the 15th to the 18th in which I will be buying.

@mikenevitt | June 12, 2017, 7:23 p.m. | Votes: 1 | [ VOTE ]

Bitcoin and ethereum are taking a hit at the moment possible time to purchase soon maybe

@joshmocek | June 12, 2017, 7:25 p.m. | Votes: 1 | [ VOTE ]

Yep, especially if it hits those lower buy points I mentioned in the video.

@valhallaa | June 12, 2017, 7:46 p.m. | Votes: 0 | [ VOTE ]

Good insights

@joshmocek | June 12, 2017, 7:54 p.m. | Votes: 0 | [ VOTE ]

Thanks! :)

@drpuffnstuff | June 14, 2017, 12:26 a.m. | Votes: 0 | [ VOTE ]

thanks for the charts and for compiling all of this! keep steeming!

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