Does Mark Cuban's new coin investment's business model validate $SBD's content-creation theme? $SBD may break out of large bull pennant as the $CRNC ICO approaches, and hype ensues. One to watch.
$IOTA bounced off of ichimoku cloud support and should now test resistance at previous recent highs just above $5. Also has strong upward sloping 50SMA, w/ 20SMA curving higher.
If $AAPL is interested in using $SBD for content creation, or a model like it, that may provide a spark to coins like $SBD, which have been largely trading near lower TL's. I would expect a quick move to its upper TL, nearly 30-40% higher.
CME launched its futures contract on 12/17, which enabled traders to short BTC, previously not possible. The only supply on the mkt was from traders who were long BTC. Now traders can sell it w/o actually owning the coin (for the novice traders out there). I don't think it's a coincidence that this now marks the top of BTC appreciation; there is a two-sided market...
$BTCUSD looks to have completed a H&S reversal pattern. The target indicated is roughly $8000, which coincidentally is where the lower trendline, 77% Fib retracement line, and ichimoku cloud support all converge. Look out below!
Watch for break of neckline to negate the pattern.
$SBDUSD is holding its lower TL. This coin is a gapper--once the FOMO spotlight returns, the rise to its upper TL will be rapid. The upper TL is >30% current levels.
SBD made a bull flag; great bullish continuation pattern. High volume breakout w/ volumes trailing off into consolidation. Height of breakout was ~$11, leading to target of $22 on break of continuation, 100% increase from current levels.
$NXTBTC broke above its ichimoku cloud. Several other alts are just behind it...$DGBBTC $NEOBTC $XMRBTC $OMGBTC...is this a sign that other breakouts are locked and loaded?
