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
Alpha
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.
RunningAlpha.com Capital Upgrades $JO to Strong Conviction BuyRunning Alpha Sentiment Intelligence is currently indicating that the Coffee market is turning the corner iminently -- look for a massive rally from here into 2017. Nominated for the 2016 Benzinga Fintech Awards this May in New York City, RunningAlpha is dedicated to providing actionable intelligence.
Stable Alpha Generating Portfolio Yielding 4%If you want protection from a market correction, but want to still generate some profits without going short, or long consider a balanced portfolio of two slightly negatively correlated but stable ETFs. PBP writes call options and collects premiums to the tune of 4%. MNM holds municiopal bonds which yield about 3.7%. When one goes up the other comes down and so in combination the portfolio is true market neutral with very little volitility.
Historically a 12% variation can be seen, with a few sudden drops and a recovery that takes about a year or so. I recomment stop lossing MLN in case the Fed action does something crazy with this ETF.