What's Up Soldiers?

This is the series where we look at 3 coins to watch in the next week. They aren't necessarily coins to invest in and this isn't financial advice. The coins are ones which I find interesting, have events coming up or will have a big impact on the market.

*Disclaimer: This is not financial advice, but my own personal opinion. I own some of the third coin on this list. It is up to you whether to continue reading or not.

Bitcoin

WOW, who saw that coming? That's right BTC is a coin to watch this week. The market has been extremely uncertain last week, leaving many technical analysts confused as to where the hell its going. We need conviction, and that's lacking at the minute. Although we didn't hit that retracement level of $8200, its possible we still could, and the recent rise could be a bull trap. However in my humble opinion i'm not too sure it is. I think we could be seeing real upward movement.

Here's a few charts we'll go through for all you nerds out there [including me ;) ]:

Figure A



If we look at figure A we're simply doing some old school chart pattern analysis. You can see that there could be seen to be a 'bearish M' followed by the bottom we're in now, possibly a 'bullish W,' this suggests that we're heading bullish for a few days, however confirmation of a break above $10,000 is needed.

Figure B



If we look at the daily candles we are still looking quite bullish, and if these continue to close with long green bodies we'll see reasonable upward movement.

Figure C



If we do go bullish this blue resistance line [around $11,200] should be where we are heading. As you can see in the downtrend BTC hung around there for a long time before breaking through, and you can see in the upward trends since then we've bounced off this level twice. We need to break through here to return to a truly bullish scenario.

BTC definitely one to watch then. But you weren't expecting anything less were you?

Einsteinium

I wasn't particularly well versed in Einsteinium until a few days ago, I'd scrolled past it and slightly smiled at its name a couple of times, but apart from that... However, I recently saw that it's phone app will be released this week and had a look into them.

I do in fact really like the idea of their currency. They aim to raise funds for scientific research, through a "tax" placed on mining and crowdfunding.

The app that's being released is called Weeee Cash, which is a social media platform allowing messaging, money sharing, gifting and payments all on one app. It's hard to see how they'll all work together on one app, but we'll have to wait for the app release to judge.

Substratum

This pick may be controversial to some people but the company has some lofty goals for the future. After net neutrality was repealed in the US Substratum have set about trying to create real net neutrality, especially for places that have internet censorship.

Their announcement this week is a more mysterious proposition than the other two coins. Simply stating their's a big announcement coming up. Personally as someone who owns some of this coin and follows them I'm looking forward to whatever that announcement is. On top of this Exodus wallet has said that they're currently testing Substratum on their Beta wallet. That's why its on this list.

Thanks again for reading guys! Comment below your picks of the week. Remember to follow me on social media and donate if you wish :D (links below)

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Over and out.

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