Admittedly, when I previously published a Bancor chart on Sept 1, I got a little ahead of things. I have since been watching it since and it appears the previous capitulation spikes to 50,000 sats may have found the bottom. It has yet to break and appears the downtrend it has been in for the last couple months may have just broken. I am going to go out on a...
This is my idea for a long to mid term accumulate and hold. I try not to fall in love with Altcoins and their block chain solutions to made up problems, but SC seems to have a real world use case (decentralized encrypted storage). I would keep an eye on this zone as the year progresses. It doesn't look like it will go much lower than this, but keep your eyes out...
Of all the altcoins/blockchain projects out there, it seems that few are solving a real use case beyond creating a new digital money. Sia seems to have found a real use case for blockchain tech using it as an incentivized encrypted cloud storage system. Looking at the chart, there seems to be a couple patterns that develop just prior to big price moves. The...
I believe in bitcoin long term, but I also believe in human psychology as it pertains to markets and there is a lot of new blood here in the crypto world. This is my long term prediction for bitcoin; i am hopeful ~$3,450 holds but I'm not convinced yet. Hopefully I have this chart all wrong and by publishing it it brings us back up to All Time Highs. ...
After my previous chart, it seems as though the XRP/BTC bubble cycle has been completed and it has found a new floor around 0.00005000 BTC. As you can see there was a similar pattern prior to the previous test pump after a long flat price level on both the candles and the RSI. With the upcoming conference on October 9th I would expect there to be a lot of hype...
Since the $153M ICO in June, Bancor has been in a more or less free fall; down from around 0.00144000 to as low as 0.00050000. It appears to be leveling out with a few large capitulation spikes, meaning initial investors are starting to give up after holding forever (3 months lol). The lower triangle seems to be building up towards the 71000 - 72000 level and...
It looks like a small cup and handle is showing up on DGB. This should play out pretty quickly if it works. With the gain in volume over the last couple days, I think a test of the 400 level is imminent (about 15% gain).
Most traders I have been following seem to be bullish on Segwit Activation, and they are probably right that this is a very good thing for Bitcoin. With the overall bullish sentiment bordering on Euphoria, I am guessing that we are getting ready to make a push up to a new ATH (i think probably around $3700 - $3900) and just before Segwit activation a big dump...
I sketched this idea based on historic levels of resistance and support using fib levels. I find for alt coins the "wallstreet cheat sheet" (see link below or google it) seems to be an excellent way to judge market sentiment and investor psychology if you can match up similar shapes as the market follows a cycle. On this chart... I have included 3 notes...
This is my first chart. I basically just sketched in a couple trend lines and placed fib levels at areas of historic resistance/support. Based on the levels in my idea, I think there is a good possibility that ETH will at least touch ~$172 before trying to test the upper trend line. With the current BTC/BCC buys (people trying to get free money), it is likely...