Scouting Short Trade Live ~ LTC/USDT BiboxI focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
Bibox
BIBOX BIXBTC - Set for a big move?Bibox (BIX)
Soon to test another triangle move.
Will be interesting for sure.
-Dallas
Bix x2 on your portfolioBig hype around IEO and Exchange token (cap Bix $58,000,000,000 vs $160,000,000,000 Kcs ), amount of trades ($600,000,000,000 Bibox vs $20,000,000,000 Kucoin)
OmiseGO, professionals at work.Important part of the ETH ecosystem, and Ethereum is doing very good lately.
I'm not that interested in ETH, so let's rather have a look at OmiseGO :)
Fundamental
So.. I've had OMG since I started the spreadsheet method.
It's in profit, but should have performed better considering the overall increases.
I'm holding on, and feel this is a very nice time for buying as well.
"Unbank the Banked with Ethereum" reads their webpage.
They are out to disrupt , and I can get behind that.
OmiseGO is founded in 2013! They are making progress and expanding rapidly.
"The secret behind the building of Omise’s success is our focus on understanding and addressing real business needs in an easy, integrated and secure manner.
Leveraging our in-house expertise in the payment market and experience in implementation and commercialization of financial products, we believe OmiseGO has the potential to be a global standard for exchange and payments."
- @Apompliano | The most intelligent engineers I know are all incredibly excited about OmiseGo (OMG). It is the...
OmiseGO does not hold the spotlight, but it has the potential to do so in the future.
Technical
My target is up at 62 USD , where you can see we have two fibs perfectly lined up.
We got a trendline, aswell as a channel. And we got a pitchfork to look for support/resistance :)
Bibox | Blog Post
Yesterday me and Koinworld got into Bibox, and it's returning good results already! ( Up 33%)
"The killer application" of Ethereum family!"The Raiden Network is an off-chain scaling solution, enabling near-instant, low-fee and scalable payments."
Reads the Raiden website.
Fundamental
I've had Raiden for a decent amount of time now ( added to portfolio spreadsheet 6 December ), and while it is up, it has not impressed. If you consider the growth in the overall market it should have done much better.
But let's focus on the future. I believe Raiden could have a good one. And if you're not already in, I think Raiden is undervalued and a good buy for the day.
So.. What's attractive about the Raiden Network?
It's Ethereums try for an off-chain solution, the competitor of Lightning Network sort to speak! (read Buterin's blog post about scaling)
And it's needed. People are pouring into crypto, and the tech havent been able to keep up.
It's expensive to move money around this ecosystem now, atleast if you dont really know what you are doing.
What about Plasma, what if it replaces Raiden?
Thats far into the future and have to be addressed when the time is right. But I concluded with FUD after researching the matter.
My portfolio is not very connected to the Ethereum family.
As I am not very bullish on Ethereum as a whole.
Raiden is my counterbet, sorta.
Sidenote:
Notice how the major coin pumps lately have happened on Binance ? (TRON, VERGE, AERON etc..)
It's because that's where the new money are pouring. It's one of the few that has open sign-ups and a lot of volume.
In the next weeks when I eventually go hunting for new coins, Binance will be my playfield.
Raiden is on Binance btw ;)
Technical
Charting these BTC pairs is not my favorite thing to do but lets what I got :)
I think we could see an ordinary impulse wave from Raiden, and I marked the areas where I think the highs and low could form.
BTC movement plays a large role in these pairs, but I've laid out my best bet on what could happen.
Target for Raiden is 20-30 USD . That would mean 1-1.5B marketcap , which seems realistic to me.
It's not a very large timeframe I have put this in, but lets see what happens, and I'll keep updating along the way :)