Welcome to week 5 of #HumpDayChartDay
First we review our Weekly Bitcoin Guessing game.
@spinvest/the-weekly-bitcoin-guessing-game-ruc2at
Last week I guess $27,234 and it was the lowest guess of all entries. I did not win. I was low by $2,296
This week I am guessing the same value of $27,234 Theoretically, if I guess the same number I will eventually be correct. I don't have time for that strategy so I have to try another a different angle. How about I say bitcoin is at a resistance level and not a support level. I have been suspicious of this for a few weeks and today I am raising the flag that bitcoin may be getting ready to cross the Rubicon, the point of no return. Wow! Would this be a game changer? Who knows, we are having fun in a guessing game. Looks like I don't have the lowest guess this week.
Now for our charts.
In the short term, #btc swaps do not display the same market sentiment of bitcoin.
#alive is still showing stability. There has been some strength on the buy side but I am not seeing a narrow gap between the bid and sell. looks like players on both side are re-positioning. May be some uncertainty coming.
#bee is steady as she goes. I am slowly accumulating for future use.
#buds I added last week in anticipation of an uptick. I started exploring this Play2Earn game a few weeks ago and I think I am close to generating some residual income from harvesting some buds. I will update next week once I have harvested several more plots.
#ctp is in an interesting spot. This is the third week of displaying support but I am not seeing a strong sign of an uptick coming. There is more on the sell side than the buy side. Effort is displayed on the buy side to keep the price above .007 which may be related to a management strategy as oppose to overall market sentiments.
#leo was working on a support level and positioned for an uptick based on the increased interest from the recent release of threads. I am not convinced it is the start of a long term growth in price. The uptick may be temporary so I will need to look at more data before I am confident it is time to get on for a long ride to the moon.
#lolz continues with stability with some indication that it will test an increase in price.
#stem is getting interesting because it looks like the holders are holding out for a higher price but the buyers are not flocking to buy. So it looks like a 30% fluctuation within a window of stability. I will be looking closer to better understand some of the drivers in the price movement.
No new charts for this week.
I am playing with PeakD and seeing how it can help me be more productive going forward. Notice: I am continuing to build on our #pept traffic exchange community. I am preparing for issuing more tokens so consider subscribing to our traffic exchange community where you Learn Before You Earn.
Have an awesome #HumpDayChartDay
Disclaimer: You can do what you want with this information. It has nothing to do with me telling you what you should do with your own token holding. Your holding and trading activity is your decision. The purpose of sharing these charts is to give a perspective of perceived value based on trading data and to consider if there is alignment with deliverables associated with the purpose of the token.