Poloniex
Siacoin Rudimentary Elliott Wave Pattern - Long TradeHere we see a basic Elliott Wave Pattern where wave 2(corrective wave) has not retraced 100% to wave 1, wave 3 is clearly the longest, wave 4 has not retraced to the top of wave 1, and wave 4 (corrective wave), appears to be yielding to wave 5, which is potentially the final impulse wave. Siacoin features longer addresses which are cryptographically more secure with longer strings of characters, as compared to standard BTC and other types of digital asset addresses. This is possibly my favorite little guy in the digital asset world today. Those who picked it up at 40 Satoshis are rockin'.
ETH IMMEDIATE Short Sale: Fibs, Fan, Trends, and ResistanceWhat's up Guys and Gals, this is a short sale idea for Ethereum based on 3 prior sharp sell-offs over the last few months. The idea for this trade is based on the market meeting resistance at the 38.2% Fibonacci level (the entry on our potential short trade), and re-testing the 61.8% Fibonacci level (which is our profit target AND potential entry into a long trade). The time-frame to be in this short trade is roughly two to three WEEKS. This is about how long each prior sell-off in the last 3 months took to make their runs, with plenty of opportunities to get out in between. The risk-reward profile on this trade varies depending on where you place your stop, but the example I've provided is a good middle-of-the-road stop (a reasonable 18% loss limit) with an attractive R:R of 1:2. As long as you keep your loss limit under 30%, giving your trade some additional room to breathe is not a bad idea. The benefit of this is insulating your position against the potential effects of breaking news events, while the disadvantage is more risk. Approximated trendlines and the top of the downward channel roughly coincide with the 61.8% level, which, to me, adds to the support strength of the price level there as a buying opportunity. With the Gann Fan, price should theoretically fall faster once it retraces past the 3/1 line. The 3 represents units of movement vertically (price) over the 1 unit of movement horizontally (time), which I also see as added confirmation for this trade idea. If you are just not comfortable selling ETH, I would recommend that you wait for price to come down into the 61.8% level to enter into a long position. Don't forget to check out my long-term Elliott Wave long trade idea for bitcoin as well, you won't want to miss it! I'll post an update if North Korea immediately sends price flying and wrecks this trade. Happy Hunting Everyone.
FANTASTIC LONG THERM HOLD CHANCEOne of those rare gems that sadly few people knows about, I encourage all of you to give it a shot, is basicaly a decentraliced web service hosted in a IPFS lan, with encripted messegenger service and content hosting. They already have a working product and mainnet is a matter of weeks. It pumped hard almost 2 months ago and the price have been correcting since then.
A head and shoulder is taking form in 4h chart, and its been a profound correction so I spect a nice rebound, not just in the short term but in the long, this is a nice project to hold with just 10 million marketcap, is ridiculous for such am advanced project, I expect 100m before year ends.
MOVING UPWARDSAfter 6 weeks of nice and healthy correction the trendline is reversing, nice chance to try some longs.
test BLK/BTC Long (targets)blk/btc targets
0.00011500 btc
0.00013000 btc
0.00016000 btc
0.00018500 btc
0.00024000 btc