Crytpocurrency
Bytecoin trend channelPosting some technical analysis as I see the markets about to take off and want to share my thoughts.
Bytecoin panic is over and now I see a bounce at the .786 Fibonacci divergence on the RSI now waiting for the breakout in descending resistance.
THE TRADE OF THE DECADE: BTC 3 DRIVES TOP SHORT, ALTS LONGThey will call it the trade of the decade. MILLIONAIRES and BILLIONAIRES will be born everywhere. The market will spiral with so much exponential growth that Bitcoin's first leg up will look like chump change. Do you want to participate in possibly one of the biggest trades in your lifetime? Well guess what, I do, and I am going to give you all the proof you need to feel confident in this. This is going to be a long read. It will be worth your time. Trust me, you will love it.
About a little over a month ago when I was a trading noob I stumbled upon this idea..
It is a beautiful chart and I thank ZarNegar for creating the idea. He, along with others, will be people you need to thank with a personal message once you see what I see. After I saw the chart, the idea never left my mind. I have always been looking for cup and handle fractals, bull flags, bear flags, three drives, etc. The patterns are stuck in my head and they will never leave. I am telling you right now, BITCOIN IS A CUP AND HANDLE. Don't believe me? Well let's take a look at the THREE DRIVES PATTERN it is currently playing around in. Rather than posting my own BTC C&H idea, I will post LewisGlasgow's. He is the second big shoutout I have to give.
Connecting the dots yet? Simply put, ZarNegar's idea has the handle of the cup a little bit too far ahead. No worries. I have found a more accurate prediction. LewisGlasgow's three drives pattern gave me the idea that, hey, maybe the handle will form after the three drives completes. Guess what. My idea was right. The three drives pattern completes perfectly nearly 100% of the time I would say. LewisGlasgow believes based simply on technicals, the pattern will complete, as do I. That means the retrace after 3rd Drive top will be the handle of the C&H on the weekly. Still don't believe me? Let's analyze the GODMODE indicator.
* Just a correction: The BTCUSDT (BITSTAMP) chart above is actually BTCUSD (BITSTAMP). I forgot to fix that and have since deleted those charts. *
See a pattern yet? I certainly do. Godmode is "overbought." What goes up must come down guys. I cannot thank xSilas enough for his creation. I would not have been able to confirm this idea without Godmode. I highly recommend the indicator. If you are interested in learning about the Godmode indicator, ProwdClown wrote a great tutorial idea. Make sure you make the correct tweaks. Shoutout to him as well. I would not have learned how to use Godmode so quickly if it were not for him. Here is the link to the idea: bit.ly
When it comes to technical analysis, that is pretty much it. Lets talk about some fundamentals. I strongly believe we are at the start of a technological revolution that will last for decades. Blockchain is an infant. Bitcoin is an infant. Alt coins are practically still in the womb... Computers are infants, smartphones are infants, virtual reality is still in the womb... Another good comparison involves the trading exchanges: Coinbase, Bitfinex, Bitstamp, Kraken, etc. are all infants. They are the equivalence of all the big stock exchanges that exist today, like NSADAQ, NYSE, etc...
XEM (NEM) - uptrend breakout tradeThere is quite a lot of sells on the orderbook between the buy-stop price and the current price. If the price manages to get past all those sells then it has a good chance of pushing further in this trend.
Best to bear in mind that this uptrend could drop suddenly if bitcoin resumes a healthy uptrend. However this could take a couple of weeks.
Some of these alts have really low volume at times so be careful buying as big orders will go right through the order book
Good luck!
Mark
TODAY, STELLAR (STR) OR STELLAR LUMENS (XLM)A chart on the whole existence of this currency that in the last days is on everyone's lips.
Although few knew it is a coin that has more than 2 years of existence, with furious pumps and a few months ago woke up in matter of volume. The recent pump and that pulled the coin of the anonymity was a fundamentals (The Philippines is Now Connected to Stellar, Today, you can send money to anyone in the Philippines over the Stellar network-for free.)
Source: www.stellar.org
I marked with vertical lines said pumps and their prices reached.
On the next chart, my point of view
www.stellar.org
coinmarketcap.com
Bitcoin - Another ascending triangle ?Bitcoin has been pushing higher reaching overhead resistance between $775 and $740...
Note how the Bollinger Bands are starting to move sideways!
If this is another ascending triangle we should soon see a pullback towards $625/$590! That of course would be another buying opportunity...
Only a breakout above $775 would be extremely bullish. In that case a spike towards $1,000 should follow...
DGB-BullishEver since mention of the release of the Digibyte roadmap this Friday (14th Oct), the price has steadily increased. It seems big players have been slowly accumulating DGB over these past few days without trying not to attract too much attention to the coin.
What I have noticed :
Buy volume has increased.
Sell volume has decreased.
Buy wall has increased significantly.
Overall trade volume increased.
Price averaging about a 6% increase each day.
I don't have a target price in mind, but discussions in various forums suggest >100 satoshi
Like they say, you get what you pay for . Therefore free advice should always be researched.
PotCoin to 10,000 Satoshi ? ANOTHER DOUBLE !!!!This coin is out of control... I am going to be keeping a stash for longterm not knowing where this can go...
More compression... More Accumulation... More Highs Incomming