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

Words
169
Reading
1 min
Listen
Play
9y

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

Bitcoin

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.

Ethereumethusd.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

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

scbtc.PNG
I would hold off on buying this until it decides to turn around from its decline.

Steem

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.

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