Blkusd
BlackCoin Nearest Upside TargetBlackCoin formed a strong bottom near $0.12 area, which has been rejected at least three times. After the final bounce, occurred on the 13th of July, price started to move up, breaking above the uptrend trendline and then under the heavy volume broke above the 200 Moving Average.
Seems that strong upside momentum has been established and the corrective wave up hasn't ended yet. The nearest support at 38.2% Fibs, that is $0.17 has been rejected, and if BLK/USD will not break and close below the $0.162 low, price should continue moving high.
The nearest resistance is seen at 127.2% Fibs applied to the current corrective wave down. This is the $0.21 level, which previously already acted as the resistance.
Break and close below the $0.162 could send price a little lower, towards 61.8% Fibs at $0.15. But if BLK will go below, bullish outlook shall be invalidated and consolidation could start.
Black Coin - Long Pump & DumpSo, here we are. A multi-month accumulation on an epic scale. Just look at it. Have been buying this hand over fist in this zone and was like "I can't wait until all the honest twitter OG's start shilling it".
Well, we are in the early stages of that. Needacoin, BitcoinDad, EmptyBeerBottle, and many more have been stealthily shilling this hot piece of trash. Oh, and trust me, when it's time; the rest of the crew will follow suit.
Go through the Poloniex Chart as well as the Bittrex Chart to look at the volume, structure, and prior coins that have had the same scenario (THC, XRP, ZCL). I'm curious to see how high this will go. My bet, this hits the level of those wicks to the far left of the Black Coin chart from it's inception.
Even though it's a crap coin, just based on what I am seeing, it's going to melt faces.
*Disclaimer, it was a joke, there are no honest Twitter OG's, they are all liars out to take your money.
BlackCoin Has Proved It Worthy Following the previous idea on BlackCoin , it has proved it worthy, while it broke above the strong resistance area between $0.35-0.4 and went above our upside target that was at $0.95.
Currently, BLK/USD corrected back to the previous resistance area: $0.35-0.4 which has been rejected together with the 4/1 Gann Fan trendline. The uptrend is likely to continue, although it is questionable whether BlackCoin will manage to produce a new all-time high or will form a double top at $1.25 near the previous high, as this is where the first strong resistance is. Break above the $1.3 should confirm a long-term uptrend, while the break below the $0.36-0.44 support area could invalidate bullish outlook.
Blackcoin: Crypto WatchBlackcoin have already completed positive correlation waves in the past through long bursts. I expect that given everything going on in 2017 and 2018 regulatory wise plus this crypto's 2014 history, that another prolonged correlation can come soon. They have merchants already starting to accept them, are less than a dollar in price, and are trying to utilize a secure proof of stake protocol. The potential is mostly there. Also they past an inflection point and follow a recursive pattern given their past bursts. I believe even if you invested mid 2018, that it can still be profitable throughout the coming year for next target. This is medium to high risks but have a 150% potential gains possibility. (Crypto wise) Invest in your own risk.
Possible Blackcoin Redemption (BLK/BTC)Watch the volume on BLK, if it starts to move up on the Polo list or on forward on the bittrex pages i think this one could really move. Here is my reasoning:
A. It is a long time innovator and used to have a huge community following (blackcoin devs invented proof of stake).
B. Its btc price is close to ATL's right now and its usd price is climbing towards previous highs this summer ($0.70ish, currently $0.38).
C. It is listed on Bittrex and Poloniex, altcoin exchanges that are US based and generally trusted by the alt trading community.
If this breaks the 2500 mark, it should be a quick trip to 4500. If these levels hold, look to 7000.
These are just some thoughts not investment advice. Good luck trading.
