Daily Crypto Charts With Comments! July 9, 2018 (EOS, ETH, BTC, STEEM): Today Looking At Big Picture (Monthly Charts) by steemcharts

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Daily Crypto Charts With Comments! July 9, 2018 (EOS, ETH, BTC, STEEM): Today Looking At Big Picture (Monthly Charts)
![Skjermbilde 2018-05-08 kl. 13.23.03.png](https://cdn.steemitimages.com/DQmQW3buTkwRxvocJcUz3v7Pjym5SnBkFTT6JXfrzVpe9se/Skjermbilde%202018-05-08%20kl.%2013.23.03.png)



Follow me @steemcharts for daily updates on Steem prices, Bitcoin Prices, Steem statistics and Technical analysis.

Please leave a comment and an upvote as well! Also, let me know if you have any wishes for charts that I should do.

>Disclaimer: This is not investing advice. These charts are for fun and beginners. An easy to understand basic introduction to charts.

 
## BTC

![Skjermbilde 2018-07-09 kl. 08.37.20.png](https://cdn.steemitimages.com/DQmTBrtbR9VDjJqyPWbJdJddweedUYMjB4Nm1KRXg3nce11/Skjermbilde%202018-07-09%20kl.%2008.37.20.png)

> Today I want to show you something important. If we look at the 21 day moving average on the Monthly chart, you can see that we have simply corrected down to it from the huge rally in December. This is a level which Bitcoin respect. Does this mean buying opportunity? It could. I would however wait for confirmation and a breakout over $6800. Also google searches of searches such as "Is Bitcoin dead" has reached peak levels early July. This means there is blood on the streets as many has lost as much as 70% of their investment in Bitcoin. Many are out. Stupid money is shorting, and smart money who understands the fundamentals of crypto is ready to invest again. 

> More short term: No big changes, though we had a second go at 6800 which failed. Hopefully we will see it rally above very soon. 

 

## ETH

![Skjermbilde 2018-07-09 kl. 08.43.48.png](https://cdn.steemitimages.com/DQmVUCgyPtRBVrtzUBiiSVpNt5jDR9A3oZ3cYEEHVdTzRQ1/Skjermbilde%202018-07-09%20kl.%2008.43.48.png)

> ETH is not even down towards the  monthly 21 moving average. But it is respecting the trend line so far. ETH was probably very overvalued at peak prices.

 

## STEEM

![Skjermbilde 2018-07-09 kl. 08.45.25.png](https://cdn.steemitimages.com/DQmUjFKFxcg6upGzCpxvwAGFAtua6tDmxVgdJRF3i1ioa1x/Skjermbilde%202018-07-09%20kl.%2008.45.25.png)

> I think this is a good entry level for Steem if you are looking to hold steem power long term. We have touched down at the 21 monthly average. But we are on the downside of the bullish long term trendline. It could have been a panic move down. I DO expect a rally in Steem if the incentive turns bullish for cryptos. Unfortunately, EOS is announcing Steemit 2.0, which will be a strong competitor to Steem. So unless Steemit manages to move out of the two year long beta and have som actual improvement and functionality changes and attracts more noncoiners, EOS could be a serious contender. Steem also need more projects being developed. We will see, but for now, as long as Bitcoin managed to get above 6800 I think this is a good entry point for Steem.

 

## EOS

![Skjermbilde 2018-07-09 kl. 08.50.04.png](https://cdn.steemitimages.com/DQmYNvf3FaEQtmCp8CS6DNxysTnEyBjX58iLnvPH5CJoaZc/Skjermbilde%202018-07-09%20kl.%2008.50.04.png)

> We must look at the weekly chart on EOS because it's so new. EOS has not respected the 21 average on the weekly, but it is respecting the bullish ascending trendline.

 

Follow me @steemcharts for daily updates on Steem prices, Bitcoin Prices, Steem statistics and Technical analysis.

Please leave a comment and an upvote as well! Also, let me know if you have any wishes for charts that I should do.

> Disclaimer: This is not investing advice. These charts are for fun and beginners. An easy to understand basic introduction to charts.

![litebilde.png](https://cdn.steemitimages.com/DQmS1j9nG431vbMqah1mxckEj9umCLDeM88a2t3bMBZFCmu/litebilde.png)
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@tipu ·
This post received upvote from @tipU :) | <strong><a href="https://steemit.com/steemit/@tipu/tipu-voting-service-quick-guide-updated-19-06-2018" rel="noopener">Voting service</a></strong> | <strong><a href="https://steemit.com/steemit/@tipu/receiving-daily-profit-with-tipu-quick-guide" rel="noopener">For investors</a></strong>.
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