Wanchain
WANBTC breakout dbl bot as BTC struggles to break R2As $BTCUSD continues to stagnate between $8400-$8600 resistance zones; pursuant to that key pivotal resistance of $13.6K; or another massive selloff dreading us toward the $6-8K range a conjecture formed around the 200 MACD read my Linkdin article for LONG update but I digress...a lot of mixed signals in what was undoubtedly an eventful week news wise.
On a more positive note (while we're left here biting our nails awaiting the fate of the minnows vs. whales in the tug-of-war- between the pivotal resistance needed to cross and the key support we've managed to hold this fluctuation in price has presented many altcoin opportunities for quick profits for you EMA{8,12,15} or short-mid term swing traders.
Such alts include: $XRP/$WAN/$EOS/$ETH -- the latter two of which are vastly undersold IMHO.
Here are the figures for this publication: remember to take all technical analysis with a grain of salt.
TARGET TP SHORT: 3253s
STOP @ 2404
DISCLAIMER
Not financial advise
-@a1mtarabichi
LONG - WAN - Trading OpportunityWe got stopped out from the previous wan trade, but we are taking our chances here with better entry and stop loss.
Entry: 0.00002447
Target1: 0.00002566
Target 2: 0.00002677
Target 3: 0.00002812
SL: 0.00002303
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WAN/USDT Cup and Handle Up to 60% PotentialThis is still an early stage and still needs confirmation like breaking the previous resistance. Pattern wise, the place to buy is when it breaks out the resistance of the cup. But I made a little risk here and join the early bird.
I bought at 0.1880, in which I am already making a little profit since it already bounces a little.
This might takes a long period of time, but I am willing to wait. Hopefully, BTC will behave.
WAN is ready with 100% potential profitabilityhey guys looks like WANBTC has now finally formed its bottom and moving in a consolidation zone and looks all set for a new rally, as it has precisely tested 200 Daily MA in previous rally looks like it could take another retest of 200 MA around 4200 level, meanwhile right now prices struggling to cross above 21 daily EMA and hovering in nice entry zone under 2500, looks worth to take a risk.
we're also getting bullish divergence in my custom indicator with moving towards the red zone which is a strong indication of a huge breakout as prices are getting more and more strength, so definitely way looks clear for bulls in coming days...
here's my strategy
Buy WANBTC from 2400-2500
Position size 5-8%
T1 2800
T2 3100
T3 3300
T4 3770
T5 4250
T6 4800
SL 2200
WANBTCWANBTC should breakout soon. A falling wedge is forming and there is also a very strong support level, which was previously a resistance level.
wan super loaded and on the bottomWan exploded in August with huge volume. Afterwards it made a retrace all the way to the starting point. The retrace lacked any significant volume. It seems Wan really want to make a correction upwards. Of course pay attention to bitcoin as well.
WANBTC long trade. Decent 2.36 and 3.76 R/R Ratio! 4hr chart.Taking a long position on WANBTC.
Reasons to enter
1. Support retest on 4hr chart.
2. Bullish RSI on 4hr.
3. Decent R/R.
Strategy
R/R Ratio = 2.36 or 3.76
Entry: around 0.00002351
Stop loss: 0.00002142
Target 1: 0.00002852
Target 2: 0.00003093
I will take the initial 75% profit at Target 1 and will let the rest 25% run towards Target 2. Also once Target 1 is reached I will update stop loss in break even.
Please take a look at my trading idea "Perfect moment to buy ALTS!" where I explain why I think ALTS are due for a big bounce.
Trade safe fellas!
WANBTC BreakoutThere is high possibility of WANBTC goin up from now. It may, however, slide down to around 2100 (support level created by falling wedge), but should bounce off that level.
WAN/BTC, Best place to sell! WAN/BTC is about to go down and here is why:
We have the A move to the 0.786 fib level and the price was rejected really fast. As you can see on the chart, the price touched the 0.618 golden ratio and the price went back down.
When the price hit the 0.786 fib level, I was interested at first, but then,I have seen that the price is below MA100 and I have changed my mind.
Why I have changed my mind? That's easy!
First MA100 was acting like a strong support and people were interested on buying that level. Second, I have spotted and ABC correction that might be in play and I let it go!
This being said, I hope you enjoyed this idea! Keep trading, stay safe and use stop loss!
If you appreciate this idea, give it a like or share your thoughts on the comment section!
WAN-BTC/ Long / Daily timeframe Entry : 2623 satoshi
Stop loss : 2239 satoshi(-14.64%)
Target : 3829 satoshi(+45.98%)
R-R : 3.14
WANCHAIN - Wait! I've seen this before - Déjà vu to the DownsideJust a repeating pattern I saw with Wanchain. Be careful of it repeating to the downside.
Wanchain Takes the Lead in the Development and Advocacy of CrossWanchain Takes the Lead in the Development and Advocacy of Cross-chain Standards
On the afternoon of July 16, 2019, the third session of the Beijing Blockchain Technology Application Association was held in Zhongguancun IC Design Park, Haidian District, Beijing.
Wanchain representative Bryan Ye gave a keynote speech on the topic of cross-chain standards, the following is a summary of his speech:
We took the lead in implementing cross-chain Bitcoin, Ethereum and ERC20 last year. This year we are working on the cross chain integration of enterprise chains such as Hyperledger, so we can say that we are at the forefront of the industry in the field of cross-chain technology research.
So, what is the significance of developing cross chain standards?
First of all, this is determined by objective needs. Nowadays, there are a large number of public, private and consortium chains in the industry. People need a standardized cross-chain protocol to allow for the transfer of information and value between different chains, especially between heterogeneous chains.
Second, from the development direction of blockchain technology, there are currently three technical bottlenecks. Performance, privacy , and then the one we are addressing today, interoperability. The introduction of cross-chain standards will play a part in promoting the development of blockchain technology.
Third, Wanchain has been committed to the research of cross-chain technology. As a member of the Ethereum Enterprise Alliance, and with our VP of Engineering Weijia Zhang as the general representative of EEA China we have been promoting the development of cross chain standards in China and internationally.
So what do we have to do to develop cross-chain standards? In addition to our work with the EEA, there are a number of other tasks which we must address:
The first is to clearly establish cross-chain implementation standards. This includes standards for:
Cross chain transfer of fungible assets
Cross chain transfer of NFTs (ERC721, etc.)
Cross chain exchange of data
Second, the collection of cross-chain needs and cross-chain difficulties. We need to collect cross-chain needs from companies with cross-chain needs or cross-chain research institutions, associations and organizations to understand their cross-chain pain points so that they can be better targeted when developing cross-chain standards.
Third, the architectural design of cross-chain standards. A good architecture should have excellent security and high usability. For example, Wanchain uses the Storeman cross-chain node group mechanism to complete the mapping of tokens from the original chain to the target chain by means of secure multi-party computing and threshold key sharing.This decentralized process correctly verifies the transaction status on the original chain, and also ensures the atomicity of the cross-chain transaction process. After we implementing the cross-chain connection with Ethereum, we were able to reuse this mechanism for a cross-chain connection with Bitcoin.
Fourth, the development of a cross-chain benchmark protocol. Similar to Ethereum Improvement Recommendations (EIP), we design a similar cross-chain improvement recommendation system based on the proposed status: draft, acceptance, finalization, and extension, to determine whether a particular cross-chain specification is ultimately incorporated into the entire cross-chain standard. Iterative versions of cross-chain standards should be backward compatible.
In addition to the standardization process itself, we must also pay close attention to how to promote and gain acceptance of standards by community consensus:
First of all, we should form a consensus among all members on cross-chain standards within the association through publicity and training. And through the resources and influence of associations and members, the standards can be spread out.
Second, we need to disseminate cross-chain standards knowledge and organize cross-chain educational activities for companies, organizations, and community members related to cross-chain.
In addition, we should develop a reasonable incentives policy to encourage companies and organizations outside the association to contribute to the development of cross-chain standards.
The importance of standards is self-evident. Wanchain is willing to work with the association and its peers to actively embrace the development of standards and contribute to the advancement of national and international cross-chain standards.
