Another Whale Ready to Strike Again : A Cryptocurrency Update for 09.17.2018

in #cryptocurrency6 years ago


[Image Source]

It looks like Steemit is back up...and it is! Feels good to back on, to be honest, despite dealing with a respiratory infection to start this week...

Today’s decrease is allegedly due, in part, to some magic wallet containing 11,114 BTC that has suddenly become awake. Crypto trackers ollowing this wallet’s transactions have noted that the wallet has been asleep for 4 years; now there is apparently a very significant amount of coins ready to be dumped on the market. So what do we do? Panic? Or buy the dip? I’m opting for B.

Other news items today per the Google Machine:

  • Litecoin is an substantially overvalued relic (eeek!)

  • The odds of Bitcoin reaching 3000$ USD seem less probable than before

  • And Houston, Texas, USA restaurateur buys a Bentley with Bitcoin

Don't worry, I'm confused to. And apparently in need of antibiotics. A whale and a Bentley? My 21 Litecoins are overvalued relics????? Is it just me, or is it just another Monday in the cryptospace newscape?

Chart Updates

  • New Bitcoin long target of $7400 USD as of 9/15/18

  • New Litecoin long target of $69 USD as 9/16/18

  • New Steem long target of $.84 USD as of 9/15/18

  • New Ethereum Classic target of $13.05 USD as of 9/15/18

Please recall, this site includes:

Random thoughts for entertainment purposes on cryptocurrency short term prices. This post is purely for entertainment value alone, and is not intended to represent or constitute financial advice. I DO own a position in all of these coins. Always provide your own due diligence and risk management in respect to investments.

Updated charts are listed below.

Bitcoin

bitcoin.jpg

bitcoin cycles.jpg

bitcoin oversold.jpg

Ethereum

ethereum.jpg

ethereum cycles.jpg

ethereum oversold.jpg

Litecoin the Relic

litecoin.jpg

litecoin cycles.jpg

litecoin oversold.jpg

Ethereum Classic

etherclassic.jpg

ethereum classic cycles.jpg

ethereum classic oversold.jpg

Steem

steem.jpg

steem cycles.jpg

steem oversold.jpg

Tomorrow's post will include Digibyte...I can't wait to begin tracking that more regularly.

I hope all of you survived the lack of Steemit today; I missed it a bit, to be honest. Maybe that says something about its long term success (remember, I'm not psychic, however!) Good luck and good trading to everyone out there. Let's see what this alleged whale does to prices this week.

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Keep steeming for a better tomorrow.
@Acknowledgement - God Bless

Posted using https://Steeming.com condenser site.

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