Crypto Market Update - 16 April 2018 [Minor Correction/Pullback] by devytan

View this thread on steempeak.com
· @devytan ·
$4.00
Crypto Market Update - 16 April 2018 [Minor Correction/Pullback]
Here are todays' quick Crypto Market Update.

## BTC - 12 Hour Chart 
Tools used: **Ichimoku Cloud**, **Stoch RSI**, **RSI** and **Trendlines**
![01 BTC.png](https://steemitimages.com/DQmbsxjPCq4FZBwg4V5SW9tH1NMbXc9hRDY5eDn3iuHLpY4/01%20BTC.png)
Today it seems like BTC is having a small pullback/correction. If this continues I would like to see it retest the key level support around $7,800 which will be higher low and provide more confirmation on this a bull trend. 

## ETH - 12 Hour Chart 
Tools used: **Ichimoku Cloud**, **Stoch RSI**, **RSI** and **Trendlines**
![02 ETH.png](https://steemitimages.com/DQmYfC8EiC4MDFzaCUK9Jmp4ER8KU7iY7uZMTZuaUaZr9b1/02%20ETH.png)
Similar to BTC, ETH is having a minor correction around the resistance price level I mentioned [yesterday](https://steemit.com/cryptocurrency/@devytan/crypto-market-update-15-april-2018-several-bullish-divergence-signal). What I want to see is ETH holding its price around $520 which will make this prior resistance into support before making another rally out from this ichimoku cloud.

## LTC - 12 Hour Chart 
Tools used: **Ichimoku Cloud**, **Stoch RSI**, **RSI** and **Trendlines**
![03 LTC.png](https://steemitimages.com/DQmcThuYGYAbGRPMZ5DomrLaGF3AoPQQaS8G8A5NZmuHQrm/03%20LTC.png)
As BTC is having a minor correction so does LTC. However, as you can see there LTC breakout from its previous resistance and rally to the major resistance although it failed to breakout from the bull flag. Let see if LTC can bounce or at least hold and consolidate around its previous resistance.

## Steem - 12 Hour Chart 
Tools used: **Ichimoku Cloud**, **Stoch RSI**, **RSI** and **Trendlines**
![04 Steem.png](https://steemitimages.com/DQmPSQEbZNNKhqjxP1hguQfqy6TNbSARuu1G8VqwhXARqL7/04%20Steem.png)
So far Steem is holding close to the key level support I mentioned [yesterday](https://steemit.com/cryptocurrency/@devytan/crypto-market-update-15-april-2018-several-bullish-divergence-signal). And BTC's move will decide the next move on Steem. 

If BTC makes a big move (regardless if it to the upside or the down side), Steem might have more correction to retest another key level support around 28K satoshis. And if BTC consolidates, Steem might probably follow.

## Disclaimer
You know the drill guys. This is just opinion and not a financial advice. Do your own research and decide your own trades. Cheers!
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 78 others
properties (23)
post_id43,822,895
authordevytan
permlinkcrypto-market-update-16-april-2018-minor-correction-pullback
categorytrading
json_metadata"{"links": ["https://steemit.com/cryptocurrency/@devytan/crypto-market-update-15-april-2018-several-bullish-divergence-signal"], "format": "markdown", "app": "steemit/0.1", "image": ["https://steemitimages.com/DQmbsxjPCq4FZBwg4V5SW9tH1NMbXc9hRDY5eDn3iuHLpY4/01%20BTC.png"], "tags": ["trading", "money", "cryptocurrency", "bitcoin", "altcoin"]}"
created2018-04-16 07:03:33
last_update2018-04-16 07:03:33
depth0
children5
net_rshares783,964,434,720
last_payout2018-04-23 07:03:33
cashout_time1969-12-31 23:59:59
total_payout_value3.293 SBD
curator_payout_value0.702 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length2,375
author_reputation5,115,509,421,776
root_title"Crypto Market Update - 16 April 2018 [Minor Correction/Pullback]"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (142)
@coin.info ·
**Coins mentioned in post:**

Coin | | Price (USD) | 📉 24h | 📈 7d
- | - | - | - | -
**BTC** | Bitcoin | 8090.420$ | _0.1%_ | _14.71%_
**ETH** | Ethereum | 510.535$ | _-0.09%_ | _24.2%_
**LTC** | Litecoin | 126.973$ | _-0.83%_ | _6.28%_
**STEEM** | Steem | 2.597$ | _-2.71%_ | _34.47%_
properties (22)
post_id43,826,018
authorcoin.info
permlinkre-devytan-crypto-market-update-16-april-2018-minor-correction-pullback-20180416t073225572z
categorytrading
json_metadata"{"app": "coininfo/1.0.0", "format": "markdown"}"
created2018-04-16 07:32:27
last_update2018-04-16 07:32:27
depth1
children0
net_rshares0
last_payout2018-04-23 07:32:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length284
author_reputation133,181,666,357
root_title"Crypto Market Update - 16 April 2018 [Minor Correction/Pullback]"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@sneaky-ninja ·
re-devytan-crypto-market-update-16-april-2018-minor-correction-pullback-20180416t092534509z
<center>![sneaky-ninja-sword-xs.jpg](https://steemitimages.com/DQmde7XXhkKjmxyqBbBPTwkaiuXXrtQe6qXoWmCDZL1nD2B/sneaky-ninja-sword-xs.jpg)</center>
<center>Sneaky Ninja Attack! You have just been defended with a 2.22% upvote!
I was summoned by @devytan. I have done their bidding and now I will vanish...</center>
<br>

<center>woosh</center>
A portion of the proceeds from your bid was used in support of youarehope and tarc.
--------------
[Abuse Policy]( https://steemit.com/steemit/@sneaky-ninja/new-sneaky-ninja-abuse-policy-must-read-for-all-users)
[Rules]( https://steemit.com/steemit/@sneaky-ninja/sneaky-ninja-reminder-of-rules)
[How to use Sneaky Ninja]( https://steemit.com/steemit/@sneaky-ninja/reminder-how-to-use-sneaky-ninja)
[How it works]( https://steemit.com/steemit/@sneaky-ninja/sneaky-ninja-reminder-of-how-he-works-vote-worth-usd160-now)
[Victim of grumpycat?](https://steemit.com/we-resist/@firedream/resistance-started)</center>
properties (22)
post_id43,838,430
authorsneaky-ninja
permlinkre-devytan-crypto-market-update-16-april-2018-minor-correction-pullback-20180416t092534509z
categorytrading
json_metadata"{"app": "postpromoter/1.9.2"}"
created2018-04-16 09:25:36
last_update2018-04-16 09:25:36
depth1
children0
net_rshares0
last_payout2018-04-23 09:25:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length952
author_reputation6,936,032,367,043
root_title"Crypto Market Update - 16 April 2018 [Minor Correction/Pullback]"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@seakraken ·
re-devytan-crypto-market-update-16-april-2018-minor-correction-pullback-20180416t111513713z
Release the Kraken! You got a 11.03% upvote from @seakraken courtesy of @devytan!
properties (22)
post_id43,850,465
authorseakraken
permlinkre-devytan-crypto-market-update-16-april-2018-minor-correction-pullback-20180416t111513713z
categorytrading
json_metadata"{"app": "postpromoter/1.7.4"}"
created2018-04-16 11:15:12
last_update2018-04-16 11:15:12
depth1
children0
net_rshares0
last_payout2018-04-23 11:15:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length81
author_reputation-8,275,186,260
root_title"Crypto Market Update - 16 April 2018 [Minor Correction/Pullback]"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@veseloff ·
Excellent article, you have a great blog! I followed you, I hope you will follow me. I'm interested in this direction as well as you, let's develop Steemit together.
👍  
properties (23)
post_id43,932,167
authorveseloff
permlinkre-devytan-crypto-market-update-16-april-2018-minor-correction-pullback-20180416t220606153z
categorytrading
json_metadata"{"app": "steemit/0.1", "tags": ["trading"]}"
created2018-04-16 22:06:09
last_update2018-04-16 22:06:09
depth1
children1
net_rshares2,204,136,041
last_payout2018-04-23 22:06:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length165
author_reputation7,527,775,638,141
root_title"Crypto Market Update - 16 April 2018 [Minor Correction/Pullback]"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@devytan ·
Thank you @veseloff! I find your blog quite interesting as well. Though currently I don't have any plans on investing into ICO right now but new resource of information isn't a bad thing. Followed your blog.
properties (22)
post_id43,971,710
authordevytan
permlinkre-veseloff-re-devytan-crypto-market-update-16-april-2018-minor-correction-pullback-20180417t042534667z
categorytrading
json_metadata"{"app": "steemit/0.1", "users": ["veseloff"], "tags": ["trading"]}"
created2018-04-17 04:25:36
last_update2018-04-17 04:25:36
depth2
children0
net_rshares0
last_payout2018-04-24 04:25:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length207
author_reputation5,115,509,421,776
root_title"Crypto Market Update - 16 April 2018 [Minor Correction/Pullback]"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000