ALGO, the silent mover, has a lot of room to go UPBeen following this for some time now, and, I think ALGO will surprise us really a lot, its been slowly and steadily building up its bases, this is to be a healthy indication, not some crazy pump and dumps with high volatility, but steady growth from the start indicates strong coin. Targets are in sight. I am a noob trader, so please, this is not financial advice, this is just my theory and practice.
Invest at your own risk, and follow your gut feeling.
ALT
NEO - BULLISH!!!I posted my chart for NEO recently, I think it was pretty accurate, and now it's looking even more bullish.
Put in a complex H&S with the head bouncing off the 200 SMA on 4hr TF.
Bullish cross on Stoch RSI, multiple TFs
TOTAL 2 pushed above local resistance on recent rally. If it corrects to find support, expect short term downside for NEO to local support - it would be nice to see if it respects the bottom of the channel I've tentatively drawn in there.
happy trades,
CD
BNT easily can hit $3 - Undervalued Defi coin!BNT easily can hit $3 - Undervalued Defi coin!
In feb i think we could see $10 -
Other defi projects are getting lots of attention and pumping 4x in weeks.
I believe BNT will be one the whales will run with. Expect this to blow up soon.
Tim Draper backed project, solid team!
Also Bancor is working with Polkadot which means big big money coming in!
Its part of Polkadot Ecosystem!!!
Not Financial advise!
BNT easily can hit $3 - Undervalued Defi coin!BNT easily can hit $3 - Undervalued Defi coin!
Tim Draper backed Bancor Network Token - solid team and a solid project.
On Twitter recent partnership with Polkadot mainly goes unnoticed.
BNT is a sleeper, not many people are looking at it. similar to Balancer. undervalued.
Also its the lowest market cap defi coin on coinbase that i could find.
The price of $2 is also appealing to newbies VS paying $100+ for a coin psychologically.
BNT all time high is $10 so we have room to run here back up there.
This recent pump is an early indicator of more upside to come.
Could be the next 8x DEFI coin that goes parabolic in a matter of days not weeks.
I think people will not see it coming and will fomo at $10
-Not financial advise.
ALTCOIN TO WATCH: AUDIO [Macro Bullish] Beyond all of the bullish patterns/indicators you can clearly see on the chart, I'm also bullish on AUDIO because its parent is a really great project with a bright future: Audius. It's a new free music streaming service / SoundCloud rival that will only continue to grow its user base over the next few years, introducing them to the world of crypto along the way with rewards in AUDIO. Read more here: www.coindesk.com
As far as the chart goes, it's still a young coin, so it's a risky investment to be sure, but since we're in a bull market and the project behind it is so great, I think it's a safe bet in the short / medium term. I expect it to range within the ascending channel / broadening wedge for the time being.
happy trades,
CD
Reversal inbound for XEMBTC?It seems to me that XEM has hit a bottom in the BTC pair.
I think it’s time for a reversal in the daily frame.
Good luck.
XLM 12HR Analysis: THE WHOLE PICTURE [bull & bearish ideas]XLM has almost reached the end of the triangle pattern and volume is falling, which means a big move is coming. Sorry for messy chart, this is one I use for tracking my trades.
There's a lot of ideas here. You can read them on the chart, so I won't go into too much detail here.
Pay attention to Market Indices: TOTAL2 has been rising a bit. BTD has been falling. That's led to some nice little gains for alts in the last few days, and some major gains for LINK in particular.
The gray line & green circles represent POSSIBLE trendline / retest levels that could form if XLM puts in a long-term bullish retest of support that line up with fib levels, projected 200 & 100 SMA lines, and previous volume. This would be the short term bearish idea. I'm going to set a stop loss below the triangle so I can buy back in around there should this occur.
If XLM breaks and holds above the dotted yellow lines marked "BB," that would confirm a break out - bullish buy signal. You can see my short term targets marked by "SS" (Sell set) within the ascending channel I believe XLM will form if it does break out here.
happy trades,
CD
PS: Dont forget to set stop losses. That 26% retrace may not have been the end of it-- we're not out of the woods just yet!
The CRO's LIVERMORE SPECULATIVE CHARTWhile everyone is hatin' on CRO and super bearish even saying cro is dead, I decide to bet against the contrarian.. I think right now CRO is pulling the "Livermore Speculative" pattern.. it may or may not be the bottom, regardless I think strong upside will happen again pretty soon!
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jstradingnotes.files.wordpress.com
long awaited alt szn, close to being confirmedGood evening friends, happy new year!
I see this as an opportunity to come back into publishing some ideas again after the holidays.
But we both know I didnt do much anyway, so thats just an excuse!
Well, yes and no, as much as I didnt do much for the holidays I am getting my bags ready to move back to Brazil after 15 years living in the USA.
Anyway, what I wanted to point out here is a simple race that could show us if this is the start of a big and long awaited alt season.
The race between the red rsi and white energy has started and what we need to happen is: we need the red rsi on the higher time frames to close below 50 before the white energy on the lower time frames close above 50. So now we need the white energy on the 3h to stay below 50 so the rsi on the 6h close below 50.
On my last BTC.D publication I mentioned the 4D could be exhausting and maybe this right here holds the key to freedom for them alt coins!
poor bastards, they suffered this time xD
Trade thirsty my friends!
Get ready for the altcoin bull runThe scenario we currently see is very similar to the scenario that started in 2016.
2016
in 2016, altcoins experienced a rapid, sharp increase in price. However, at one point Bitcoin began to steal the show, reducing altcoin dominance by 70% in that same year.
2020
In 2020, altcoins also experienced a sharp increase in price, especially DeFi became very popular. The altcoin dominance rose to almost new heights. However, again, Bitcoin began to steal the show and altcoin dominance decreased by about 50%.
At the end of 2016, the Bitcoin price began to rise sharply and reached new heights in January 2017. At the end of 2020, Bitcoin started to rise very fast and saw new heights. In January 2021, Bitcoin also recently reached new heights.
Popularity
I think there will soon be a huge increase in the popularity of altcoins. Many people are now afraid to get in or have even declared altcoins dead. In my opinion this is complete nonsense. Altcoins have increased in popularity in recent years and some projects have added value nowadays. In addition, people will start investing in altcoins, because at some point they will realize that they can make even more money here than with Bitcoin.
Your Standard BTC Dominance ChartComplete with hopium targets in both directions ;)
Based on the formation here I am neutral. I think we'll range back down to 60, pumping alts a bit.
If not we either have a really nice alt season or a really nice bitcoin run that will turn back into more money for alts.
Market is looking great.