DIGITAL ALPHA UPDATE BTC - WhenBottom?What is up everyone! Hope you are having an awesome weekend per usual. Northern Hemisphere is enjoying the Spring time, which is the best time of the year. Who does not enjoy the freshness Spring brings? As for the Southern Hemisphere...maybe you should visit the North, just kidding of course. Every season as its pros. Ok, on to BTC.
I was looking back at the late 2013 to early 2014 "bubble". Go ahead and tear me apart for saying bubble, but it is what it is. The asset was overvalued at the time and the price retracted quickly. I was hoping to glean some information from that timeframe to use going forward. In my previous post on fractals I brought up the triple bottom. This time I want us to look at the MACD . It is fairly straight forward. What is nice from this is that the tweezers candle formation in April 2014 was the 3rd bottom of this timeframe. However, we didn't see a quick rise like we would have anticipated. Instead the price came back down slowly with the MACD showing a nice divergence. That was the time for a low risk buy.
So looking at today, where are we? We are looking for the 3rd bottom and are in the 3rd phase of the MACD progression. So the end is near...we hope! Past does not dictate the future, but gives us clues as to what might happen. That is all. So we use it for what it is worth and not blindly follow history. If the future is any indication of the past, we will expect a quick high volume sell off for the 3rd bottom, followed by a quick rise, then a slow low volume decline. When the MACD starts to flatten out, volume is very low, and we start seeing doji like candles, this would signal a great time to get into position.
As for alts, a quick buck could be made on the quick rise, but know there is a hefty chance we are coming back down...slowly. So get in and out quick with tight stop losses - know your exit before you enter if your trade goes south. The best altcoins will be the ones with the most volume . Think of your EOS, IOTA, OMGs...think the alts that have seen big volume within the last 2-3 weeks.
As always, keep showing the weekend who is the boss!
Join our telegram as well. We are building up our subscribers so we can bring you free ICO airdrops. When this starts happening we will be conducting free LTC raffles, hardware wallet giveaways, and more! Not to mention we try to give live-time educational portfolio management with Large-Cap portfolio management, 50 LTC/BTC trades to $1M, and soon a Small-Cap portfolio as well.
DA BULL
Alpha
DIGITAL ALPHA UPDATE - BTC loves triangle dancingHello everyone! It has been some time since an update here from Digital Alpha. There was some family business to attend to, glady it was joyous "business". Now that things have calmed down a bit I'm able to write up a quick BTC update. Now this is more of a "potential" scenario. If you followed the last update on the Triangle Dance you can see Digital Alpha developed a solid road map. We laid out the potential scenarios and the one we said was "most likely" did play out. Hopefully you enjoyed some solid gains there. This play is only one scenario. An accumulation ABCDE triangle.
ABCDE triangles are mostly made up of ABC patterns, which is outlined in blue. Before entering this pattern BTC was in an ABCDE pattern, BUT it broke down - continuation of the previous trend. Technically speaking, the continuation of this larger triangle (white ABCDE) would result in a plummet to sub $6k levels. However, the overall trend of the ABCDE is trending up a bit. Due to this, we can expect a bounce off the blue hashed support around $7.6k levels and move towards a breakout. If we fall below, then that is when you can have your sights set on $6k. IF we do bounce off support and breakout look for a retest of $10k levels...if so, it will happen fast. The scenario I laid out in the previous post where we test $10k, bounce, test the blue hashed line (previous resistance) as support, will potentially play out.
Hopefully this gives you a fresh outlook on BTC! From your friends at Digital Alpha, thank you for reading.
- DA BULL
As always, please join our telegram. We are building up our followers to give access to ICO airdrops and to start doing raffles. We also keep track of our Large-Cap portfolio so you can see how to manage a crypto portfolio.
DIGITAL ALPHA UPDATE - BTC The Triangle DanceWhat is up everyone! BTC is a little indecisive which is causing alts to cool off a little. This means we need to figure out what is going on with bitcoin! So, what is up?
(TLDR: Read it, otherwise I'll tell you up, then down, but maybe down then up...)
Several things need to be addressed to give folks a good prep for the week ahead. To give you a quick summary, BTC appears to be in a symmetrical triangle, which allows for a continuation of the previous trend if the pattern does not fail - therefore, price needs to break out of the triangle upwards. The overhead resistance around $10k is a major hurdle and is what most traders are waiting for. That is it in a nutshell.
So the long story...
The chart on the left is based on 1hr candles. You can see the symmetrical triangle with 2 touches on the top and 2 touches on the bottom. Volume is showing a decreasing trend on the bottom. Combining this with lower highs and higher lows, we have ourselves looking at a triangle. There are 4 possibilities, which are all outlined in the chart above. If the price drops below the lower resistance AND only drops less than 5% THEN goes up, we have a very profitable trade forming. Closing positions would be recommended around the $10k resistance. Two other scenarios are what we would expect with this formation. One breaks upwards and climbs, the other bounces down, back up and breaks upwards. Both would give validity towards this formation with similar closes around $10k. The last possibility is a failed formation and bitcoin dropping down past the 5% mark. This would be a "get out" moment and wait for 8.1k or less.
I keep referring to the $10k mark and in order to explain we need to look at the chart on the right. It is a 1 day candle chart. Bitcoin is oversold and based on the chart on the left we are showing a likelihood of price rising. We are checking all the boxes for an upward scenario. So the next checkpoint to look at is for overhead resistance, which is that $10k mark. We have two touches on this blue hashed line, meaning we have overhead resistance formed. Lower support is $6.5k. This is our current range and if price tests $10k be aware that a re-visit to $6.5k will be in the cards. Look at my previous write ups using fractals throughout Bitcoin history as to why a triple bottom is very likely! ( Click Here )
This should help you trade for the next week. Alts are pretty much hands off at the moment unless traders gain more confidence in bitcoin price. This would require a breaking of $10k and testing that blue hashed line as support...let's hope for this. A $10k break a re-test as support would make this Bear a full on BULLLL.
- DA BULL signing off.
Don't forget to share, thumbs up, and join our telegram. We are up over 60% on the month on our educational portfolio. We try to show how to successfully manage a Large-Cap Portfolio in cypto-land - something nobody else does.
DIGITAL ALPHA UPDATE - IOTA quick pickWhat is up everyone! This will be quick. IOTA is touching a significant area right now. If IOTA price breaks this magenta line, This has 30%+ potential gains in the next two days. Wait for the break (0.000248) before trading this and set your stop-loss really tight, 1-2% (0.00024552-0.00024304).
Get em!
DA BULL
DIGITAL ALPHA UPDATE - NEO for Large-Cap Portfolio, 10%Quick update. NEO seems to be heading into a bull pennant formation. We have been wanting to add NEO to our large-cap portfolio since the start. NEO looks to be getting ready for a climb. We will be setting a buy around 0.0815 (using 10% of our portfolio's allocation - about 19.5 NEO) and watching for the bounce off the lower support (black line). After we get a successful bounce we will set a stop loss at 0.0805. IF NEO is successful in a breakout we will be selling 10% of the NEO purchase into BTC at 0.0095. If NEO gets a hard rejection than our stop-loss will be in place.
We will be posting our portfolio charts in the telegram channel shortly. Take care everyone!
- DA Bull
DIGITAL ALPHA UPDATE - ICX $63?!What is up everyone! Hello to you all, thank you for stopping by. We have a nice little piece on ICX here to present. The subject of today's little discussion is "rounding bottom". We believe ICX is in fact in a larger rounding bottom and has a smaller rounding bottom within that is just breaking out! Who doesn't love a breakout!
The large rounding bottom starts at 0.0009 and dips down to 0.000216. If the larger pattern continues up to 0.0009 then we will be watching for a very big breakout. On the average these breakouts generate around 40-45% returns (this type of return would result in a price of 0.0013 - matches up with 1.618 fib), BUT you normally take the starting price (0.0009) and subtract it from the low (0.000216), take the result (0.000684) and add it to the starting price of the formation (0.0009 + 0.000684 = 0.001584). At current BTC prices we are looking at $15/icx...keep in mind BTC/the overall market needs to be in a bull market to get that type of return, meaning BTC would most likely be at a higher price giving ICX potential prices of $15 (btc = $10k), $31 (btc = $20k), $63 (btc = $40k)! Nice.
Keep in mind, I said a smaller formation too. That formation is on the right side and displayed with 2 hour candles. The larger formation on the left is displayed using 1 day candles. Keep in mind both have volume trends (shown on the bottom) that mimic the formation, meaning this trend is checking all the boxes. The smaller trend on the right is showing breakout potential of 0.000635 using the high price, minus the low price, plus the high price formula. The other price point is 0.00069, which is the 45% return...that also happens to match up with the 0.786 fib. We are awaiting confirmation of this breakout at this moment. We are testing the previous resistance as a support and if successful then the smaller rounded bottom is in play! Now go trade!
Keep in mind, for the large cap portfolio we have not touched ICX. We are riding ICX until this formation plays out...we may have known about this formation a little earlier ;)
Thanks for reading!
DA BULL
BTW - for the XLM trade, the trade did not occur. We were not able to capitalize on it. We traded back into BTC/USD when BTC dipped below $8.7k (mid $8k region). We then re-allocated NEO, LTC, and IOTA like we said we would. Update on Large-Cap portfolio to come. Keep an eye on OMG (hint hint)
DIGITAL ALPHA UPDATE - Potential STELLAR Large-Cap Entry, 5%Good day everyone, here we are at Digital Alpha watching the markets while you are enjoying yourselves during this great weekend! I hope you are all enjoying yourselves because believe it or not, we are enjoying ourselves by bringing to you our charts, analysis, and giveaways! The thrill that the color red and green brings us is undeniable.
SO, on this chart we have a potential long-term trade setup occurring. The key is to never assume a pattern or say something is a pattern UNTIL it is a pattern. Yes, we are breaking the rule book here, but we want our subscribers, viewers, listeners, average joes, and traders to be on the look out. Stellar is a great project for 2018. They have a very aggressive road map set and we can see this being a great addition to our large-cap. We have about 5 other great additions, but we are not seeing an entry point yet. However, with Stellar we can see it happening any day now. The set up is a lame cup and handle. This is outlined in the red lines. We got a rejection around 0.00004550 and can see that mayyyybe a handle is about to be formed. If we get a retracement to 0.00003555 we will be signaling a buy. Ignore that magenta line, it is there in order to alert me to get my lanky butt in front of a screen pronto. Or maybe I'll get El Sol to shine his skills with a write up - he is the top dog in charting, what he says goes. He is the one to alert us about XLM, but his English is a work in progress, which means you unfortunately have to be tortured with my write ups - my sincere apologies.
So what is the trade? 0.00003555 is our entry. Our more aggressive traders will undoubtedly go low at 0.00003450, but we are just providing a good entry. The first sell will be around 0.00005700 and this set up has the potential for 0.00007000, but that requires a full blown bull to show itself. The allocation for our portfolio that we like to showcase, so the n00bs out there can learn a little, will allocate 5% towards XLM. The DA Large-Cap portfolio recently took our profits and placed them in tether to see what BTC's next move is. Upon our re-investment, you can guess where it is going...XLM. There is another coin that is close to getting a call, but we are not quite there. For now, be on the look out for Stellar! More to come people, keep on enjoying that weekend. Live it up!
DA BULL
DIGITAL ALPHA UPDATE - Why are we all saying BTC is a Bull?Hello everyone! Hope the weekend is kicking a$$ for you and you continue to own it.
Digital Alpha wanted to put this out there. BTC is not a full bore Bull yet! NOT YET! We are getting closer though, but for now, can we stop saying it is? The slope of the bear trend has changed. Take a look at the chart. This is signified by the blue resistance line. We are currently subject to it. We have broken through the previous resistance line, which is the blue broken line. Take note, BTC appears to be following the log scale charts more closely right now. We can see BTC bouncing off the previous resistance (blue broken line) and got rejected at the new resistance (blue solid line). Let's keep an eye on this on the short-term. We are seeing some pull back and on 1Hr charts a bear flag forming. A drop lower to the $8.1k range is definitely in the cards. A full pessimist would say a test of the broken white line is in the cards ($7.2k), but we aren't quite ready to say that! Hedge yourself so you don't Rekt yourself, take profits where you can. Buy on the dips.
Keep on being you,
DA BULL
Take a look at our Telegram Channel below. We are one of the few that show you how to manage a portfolio! We don't just yell buys, anybody can do that. Also, we are going to be doing a LTC raffle, a hardware wallet raffle, and ICO airdrops soon...all free to you! So if you like free, come join.
DIGITAL ALPHA UPDATE - All Hinging on BTCWhat is up everyone! Hope you are having a great day and are as excited as I am to see what BTC does today. What a run we have had in the market this week. CNBC even discussed the "alt boom" the other day, which is humorous as those in crypto know, we haven't seen anything yet.
So the title says it all. ICX is hovering right along its long-term resistance. The pattern is similar to its last breakout. This is highlighted in the blue boxes I have here. They are pretty much identical. If this holds up we will see a price of 0.00039 before breaking out. What is key to note here is that BTC is at a major decision point. If we get a rejection of BTC's long-term resistance alts across the board should take a hit. If we break through the upper resistance then don't just fasten your seat belt...find another seat belt to add to your current seat belt! To understand a little more, check out the "market update" post within our Telegram Channel (link below).
As always, join us in our channel, comment here, and share! We hope to build a great community.
DA BULL
( Here is our BTC/USD chart)
DIGITAL ALPHA UPDATE - Warning, your head will explode, BTCMy mind has been upside down, left side right, diagonal-ized, and mesmerized. Why? Well, can you make out what BTC will do? I spent most of the day trying to look for clues. Alts being pumped followed by bitcoin getting pumped (while alts taking a hit) is always a tell tale sign, during the bear trend, that we should see a bitcoin correction coming. However, if the bull trend has begun this trend might change, right? Well, let us try and figure this out since a lot of TAs are having a hard time at the moment.
If you checked our post from yesterday your initial impression would be, "one last correction inbound". Somebody brought to my attention a post from Dog Pound (@cryptotrooper), which was similar to the fractal analysis we posted yesterday. Their conclusion was we are moving through this progression 3x faster than the previous progression (progression is the three bottoms plus an accumulation period - something I ignore since it does not happen every time). After looking at CyptoTrooper's analysis I thought that was an impressive statement (the 3x thing) and wanted to find out if I could dig for more clues! What did I find?
Cheeto fingerprints! Yes, clues!!
This pattern has showed itself a lot. Here are 6 that I found. I'm sure if the time-frame was dialed down (4H, 1H, 30MIN) I'd be blowing my brains out with charting. Anyways, note the trend here. The progression is sped up as time has progressed. Potential last correction is around the end of April, near CME futures contract expiration. So keep that in mind people!
DA BULLLLLLL
DIGITAL ALPHA UPDATE - BTC, The Case for the BearHello everyone! This is DA Bull, we did some fractal analysis for our subscribers today. Read the chart for details!
Take care,
Also, check out our Telegram at the link below. We just posted our Portfolio and where it stands. First re-allocation move is coming up shortly.
- DA Bull
DIGITAL ALPHA UPDATE - What the ICX happened yesterday?!?What is up everyone, hope you are having an awesome day.
This post is a follow up on the epic ICX (non) breakout yesterday. We were watching ICX very closely yesterday and never saw the ABCDE/triangle breakout we were expecting. BTC/USD saw some profit taking and was overbought (Stoch RSI indicator with the purple line on the bottom the screen), the dip resulted in a quick exit out of many alts yesterday. That is the market. When BTC dips, alts dip faster. When BTC pumps, alts stay stagnant. When BTC goes sideways, alts have fun. When BTC goes north of $12.5k, alts party (see medium article for details).
We are also following up on that article yesterday because ICX/BTC is only 50-75% the market (big range because varies day to day). ICX/KRW makes up the rest with 25-50% of the volume. Almost all of that volume is on Bithumb. WOW. That must mean ICX is making up a ton of volume on Bithumb itself...wait, what!?! 1%? 1%!!! WHAT!
Yes, ICX only makes up 1% of the daily volume on Bithumb. About $7M USD. The top 3 currencies for Bithumb are EOS, XRP, BTC and all are around $100-300M in volume. Theoretically, if ICX jumped up over $100M in daily volume, we will see life pumped back into ICON. To give you an idea, ICX is about $35M of daily volume, right now. Go ahead and add a 0 to that figure and see what happens.
This is a sleeping giant. Forget about finding the perfect entry in terms of cents. This is a hold in our Large-Cap portfolio. If you bought yesterday before the drop, you are good to go. If you have not, this chart is showing a nice entry point.
Green circles are showing a breaching of the bollinger bands. The price rose afterwards each time for the past two weeks. RSI indicator on the bottom looks good, bollinger band is breached, and fundamentals are there for ICX. This is a long-term hold for our portfolio.
Comment if you have any questions, good luck out there!
- DA Bull
DIGITAL ALPHA UPDATE - KMD Fans, We Did Not Forget YOU!Komodo Klan! Good day to you all.
This is DA Bull giving one of the best communities out there a quick update. KMD/BTC is hitting a fib level at the moment. We are showing a RSI level of "overbought" on the 1 day charts. There is some sideways movement here, which is great. It was not a hard rejection at the resistance level. Once the price breaks out of this current level, next resistance is around 0.00052050. Depending on how much momentum there is during the breakout, some prices of 0.000583 might get touched. Some Atomic Swap news might push this price over the edge, but slow and steady wins the race. Volume is not quite there yet, but volume is not quite there all across crypto. We won't see altcoins really party until we cross $12,500. Read this article for details on why $12,500.
Komodo is a great project and Digital Alpha plans to look for entries into KMD within its Large-Cap portfolio soon, but not quite yet.
Take care everyone, thank you for reading. Subscribe to our Telegram by clicking on our link below. We will provide updates to our portfolios so you can track them live, conducting raffles, LTC giveaways, hardware wallet giveaways, and ICO airdrops soon. So stay tuned!
DA Bull
#kmd
DIGITAL ALPHA UPDATE - ICX v BTC trendWhat is up everyone! I'm publishing this so people take note of a trend that is going on right now. As BTC/USD took a little corrective turn to $7.9k ICX/BTC was trending up. This is a very bullish sign. As BTC/USD goes back into the green watch for ICX/BTC to feed off that as well.
Just a quick note, take care everyone. Look out for our small-cap picks coming up soon. Subscribe to our channel below for more information!
- D.A. Bull
DIGITAL ALPHA UPDATE - ICX, Large-Cap Portfolio BuyOK, I said we had a lot of things in store for you. Here is one of many. This is our first Large-Cap Portfolio call. We will have three portfolios and we will hold ourselves accountable for our calls, unlike any other TA out there! Our three portfolios will be 1) LTC/BTC 50 trades to $1M; 2) Aggresive Micro Cap; 3) Large Cap Diversified
Our assumptions are each start at $10k each and we will keep track of the progress. This is purely hypothetical and educational. We will soon link the status of each portfolio soon.
So, ICX! We are moving 25% of the portfolio into ICX. We are waiting for price to touch the lower black line (support). ABCDE triangle formations usually result in a breakout. Therefore, this is a set-up for a trade. Buying during a breakout is recommended, not beforehand. This would mean a buy between 3400 and 3480. If price drops below the black support then the trade is called off. If you are more aggressive and buy before ICX breaches the top black line (resistance), a stop-loss is encouraged around 3280.
Remember, join our telegram below. We will be updating portfolios, conducting LTC raffles, hardware wallet giveaways, and much more! Take care.
- DA Bull
DIGITAL ALPHA BTC - DA BULLWhat is up everyone, we have our first bull signal on BTC since the peak was touched in December. We closed our price on the daily chart outside the upper resistance. See green arrow. So what does this mean? Not much, it is just something to take note. We will continue to monitor the market as always and give our two cents when appropriate.
Also, for the more advanced traders out there, take note of the LONGS and SHORTS for BTC. All the TA's, including us at DA, thought BTC was dropping to $6k 24 hours ago. What happened!?! There was a massive liquidation of shorts. This is why as a trader you must always think like a whale. The incentive was to pump the price to make easy money, so that was the path taken. The path of least resistance.
We are still not in a full blown bull market yet, stay close.
- DA Bull
DIGITAL ALPHA LTC/BTC - Update on LTC/BTC trade!What a day in the market! BTC liquidated a ton of shorts and resulted in a massive pump. How do we capitalize? Here. This is one of our favorite trade pairings. We have double bottomed and this is great value if you are holding BTC right now. Buying LTC around 0.0159 is a good entry. We can expect price to re-enter the bear wedge that has formed.
Take care everyone, be safe in those markets!
DA Bull
- Remember, join our telegram channel at the link below. We have lots in store for you!
wave 5 bullrun... how long?burning question; once it starts, how long will this wave 5 run on for?
we've seen GVT hold sublimely through the bitcoin dips and has maintained the 0027 correction (wave 4) at around 50% - harsh but not abnormal.
we have a few possible outcome ahead and also some news and presentations with alpha release (imminent) and a calendar worthy expo within Q2. now on Friday there was a murmur of 'Genesis Market' and that spurred on a little 0003 sat mini run so im thinking that wave 5 could be glorious for GVT fans.
mathematically using Elliott Wave theory we have to climb either 0.62,1 or 1.62 times the length of wave 1 to 3, this means at minimum we have a 0024 climb, add a sprinkle of an alpha release with an expo presentation to 30,000 people and we could see it extend all the way, it will just be a matter of timing.
either way i will be hodling this token as its a risk to short early but i do look forward to looking at my portfolio as this token climbs the coin market cap rankings.
BTC VS GBTCSorry to offend the hardcore decentralized crypto-traders but, the capitalist pig in me wonders if GBTC is worth the added premium? One share of GBTC represents 0.09196847 BTC ($1005.21 at current spot price). Current Price of GBTC at this time is $1665. (a 65.67% premium to BTC). This chart showing the BTC return and GBTC returns from 08/20/2017. BTC is up 162% and GBTC is up 136% (a 26% difference) Is the convenience of buying GBTC in your brokerage account or IRA investment account (on a regulated exchange) worth the cost of entry opposed to putting your trust in Gemini, Coinbase, etc.? Is owning the pure BTC the best play for the long term even though institutional money is stampeding into the crypto space.
2017 - OCTOBER RESULTSDear traders,
Here is the usual report for previous month. After fabulous september month, we had a Okay-ish month in October with a small growth of 2% or a few hundreds pips.
Best of luck for November!
OTK Trade
EURGBP +21 pips / +0.13% (follow-up of september)
USDCHF +85 pips / +1.74% (follow-up of september)
AUDNZD +93 pips / +1.79%
COUBERTAIN Trade
CADJPY 0 / 0 (follow-up of september)
PALLADIUM 0 / 0 (follow-up of september)
EURJPY +27 pips / +0.37%
FAIL Trade
EURCHF -179 pips / -1%
AUDCAD -57 pips / -1%
EURCAD -63 pips / -1%
AUDJPY -40 pips / -1%
EURNZD -265
ON-GOING Trade
EURUSD
WHEAT
AUDUSD
EURAUD
CADJPY
CADNZD
SILVER
GBPCAD
EURCAD
USDCAD
NGAS
Easy Moving Average Trend Trading Setup2 Moving Averages, MA11 and MA31, close. Safe gains, stop loss at break even. It's not every penny you could make but it is a safe way I made a few bucks last week while testing new ways to spot check another system/method I am using.
$52 worth of gold movements last week wasn't too bad for a system so simple.
Enter/close when the two MA's cross. If they are too close, sit it out. You can add other indicators such as RSI methods too but just wants to focus on this alone in this test.
Don't let this chart fool you, there were a few trades exited but for $1 movement losses; either stop loss at break-even or manually when it got "hairy".
Good luck, have fun and trade safe.