Technical analysis of Bitshares, Steem, Bitcoin, Lisk, LBRY, Quatloos, Synereo AMP & SteemDollars
Bitshares has been performing absolutely fantastic in the marketplace, gaining momentum during a quiet weekend could be a good sign for the week to come.
Steem is still trading bearish, making everyone on steemit.com with steempower feel poor. It is hard to determine a bottom for Steem as it is trading downwards, but like everything else there will be a bottom. Why does steem fall? to Rise again. Bullish long term, bearish short term.
Bitcoin is ranging between $500 and $600 trying to gain some momentum. Pretty boring bullcase at the moment as it is currently in the middle of the 4hr bull-cloud. It might be a good DIP to buy here.
Lisk has had a great weekend, pushing up from the 30K Bottom up to the 40K. Nothing much has really happen in this coin, except for Max getting an office in Berlin... Who knows, maybe Lisk will go to the moon some day?
Lbry Credits has disappointed greatly, continuing going down after already lost over 90% from its peak last month. Libry being a project that focus on video-hosting and pay per view solutions, may have to refine their business model and adapt in to what the market has a demand for which is a more decentralized youtube with a steemit rewarding system.
Quatloos are up a lot since its bottom in the 1500s on rumors about updates from Markus. Quatloos has mooned a few times before, and an update from Quatloos.org will send the coin to the moon again so worth monitoring.
Synereo AMP is up about 300% since it sideways trading at the 6000 satoshi area. The Synereo AMP project aim to become the Blockchain-based Facebook, and I am sure they are learning a lot from Steemit.
SteemDollar is still liquid and pegged around $1 USD. which means it will fluctuate as Bitcoin/USD changes. Worth buying when bitcoin is at the moon, and worth selling when bitcoin is at the floor if you are coming from the Bitcoin side.
Can I ask why your choice of cryptos to track? Are these cryptos that you are invested in or see potential?
We all love bitshares (those in their right mind ;),
and Lisk is built on BTS 1.0 but can't in the others apart from the obvious.
It's be nice to hear your thoughts on the ETH ICO dapps upcoming in Sept, the overpriced DASH situation, SYS (this looks amazing) as well as the lesser know crypto techs like Sia.
Overall, keep up the good work. Always grateful for your help.
I keep meaning to do more with steemdollars there seems to be opportunities there.
I think you have a typo for SD, you probably meant illiquid
Thank you for the newsworthy article! It really provides ample food for thought about Bitcoin and other cryptocurrencies.
Best wishes!
Thank you for keeping in touch us :)
Its helpful
@fyrstikken Ah thanks so much, I will keep following your news, for me extra interesting considering the fact I own most of these coins. Great post!
ALL i hope is that the stupid LBC go back to 0.00046 so i can at least recover the investment i made.. Need to buy bitshares before 9/1 i could really use some peerplays
Synereo AMP is up about 300% since it sideways trading at the 6000 satoshi area. The Synereo AMP project aim to become the Blockchain-based Facebook, and I am sure they are learning a lot from Steemit.
Can they scale like steem? If not ...little else matters. :)
Synereo AMP ... hehe they don´t even have a working concept bro :)
Does AMP have a working client to experiment with? I've looked everywhere
Nice analysis, I agree with LBRY in particular, I can't seem to understand their business plan, it sounds more like a whim rather a well planned project. Plus the supply (mostly held by the devs) will be huge in the next months/years which makes it very scary.
Wonderful analysis. Thanks!