bitcoin sv Daily Crypto Update - Bitcoin Unchanged, Altcoins Down

See my work over at Steemit: https://steemit.com/@freeforever

The first day of the week was more bearish than bullish. Out of the big ones, they all fell except for Bitcoin and Bitcoin was unchanged. Lets dive right into it:

Bitcoin

Comment: Now, Bitcoin formed a hanging man for the day and I would interpret that as negative in this case. We might get a pullback now, dont be surprised if that happens. The next support line is around 4160. We also have support at the current price at 4240.

Ethereum

Comment: Ethereum went down yesterday, about 2% and has continued to fall today. It has also broken the support line at 298, so there is a high probability of going back to 280 to test that support. Also, the Stochastics is right now below 80, that could be another sign of Ethereum losing momentum.

Litecoin

Comment: Litecoin went down about 2,5% yesterday and it has also broken one of its trendlines. That is a negative sign but there is some support at 51,5 where it is right now. Also, the Stochastics is back below 80 so that is a warning sign of a potential bigger pullback. If that were to happen, I would say it could fall down to the lower bollinger band at 44.

Monero

Comment: Monero went down about 2,5% again and it looks like it will fall back more. The stochastics is showing 33 so we could head to 20. If that were to happen, Monero could probably fall to 84 and that is the lower bollinger band.

Thats it for today, overall, a negative short term outlook, but that was in the cards, there are still 6 more days left of the week.

Happy trading!

bitcoin sv Daily Crypto Update - Bitcoin Unchanged, Altcoins Down
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Science & Technology	Upload TimePublished on 3 Oct 2017

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