BNT
BNTBTC Downtrend Over, Possible 5X+As you may know, the end of downtrends often have the highest upside potential.
BNT has been in a downtrend for a long time, Since it's been out, vs BTC.
We can see that it has broke out of the resistance of the downtrend and is heading upwards.
We have gotten buy signals on:
Squeeze Momentum Indicator
Williams_Vix_Fix (Bottomed out)
MACD
Ultimate RSI (Bottomed out)
We can also see that they are releasing a new website design and layout, below:
coinmarketcal.com
Stop loss can be set at top downtrending white line
Targets: Fib levels. mainly looking for a break of .382 and new ATH at around .786- 1 fib level.
Letting this run for a while, no point in taking short term profits for something with so much upside potential.
BNT Bancor Bullish Breakout (4 B's can't be stopped) 100% + LONGBottomed out = The only way is up = Bullish
Bullish Pennant on 4hr and 1 day Chart = Super Stronk
Mac D showing positive divergence on 1 day chart = Bullish
7 MA just crossed over 77 MA = Stronk breakout candidate
RSI Trending up = Bullish
Higher highs, Lower lows = BULLISH
Bullish Flag on 4 hour chart:
Targets based on Fibonacci Levels:
Do your own research before buying this coin. I am not an expert and this is only an idea of mine.
If you would like to tip me with some of your earnings:
My BNT Wallet: 0x848f1abd104b43af6a79ab7b96b8e33ca61581ef
My BTC Wallet: 1JWGq6YWoENLK1nrRRtCUQeARcod78Za37
My LTC Wallet: LTddysmLQr1v1wusHgDG4CLjeSsJ1FQbUZ
My ETH Wallet: 0x1676ae4c42028fc1a4e6fc6338e677337d7fdc6c
Bancor (BNT) - Opportunity (400%+ Earnings Potential)Bancor (BNT) has hit bottom, a very solid bottom for what it looks to be a very strong coin and has started a new uptrend.
Trade instructions:
Buy-in: 0.00027 - 0.00036
Stop-loss: 0.00022799
BNT Targets:
(1) 0.00041
(2) 0.00049
(3) 0.00056
(4) 0.00063
(5) 0.00072
(6) 0.00085
(7) 0.00012
(8) 0.00017
(9) 0.00023
Indicators:
- Bancor hit bottom and started a very strong uptrend.
- Only ~550 BTC volume, which allows for plenty of room for growth.
- Breakout and new Uptrend already confirmed.
- MACD, RSI & STOCH all looking really good on the daily chart.
- TD Sequential also shows huge potential on the Daily chart.
- The weekly chart looks really promising. It started today (Monday).
Note:
- Allow this coin time to develop. This is a LONG trade.
- ATH 0.00143199
- #94 in the top 100 cryptocurrencies by market cap; at the time of this posting.
- Allow short term decline.
Message:
Today is a new day, for all of us.
Today is a new day, to trade, for more.
Today I want to thank you, for coming here to trade.
Today you have have the advantage, of getting this info first.
I just want to say thank you, again.
Namaste.
BNT pushing for a trend reversalBancor, the protocol for Smart-tokens aiming to solve the liquidity problem. People are fooled by the market cap of coins in the cryptoverse, thinking that marketcap is representative of actual circulating supply. Truth is, mktcap is simply (PRICE) * (TOTAL SUPPLY) (which is the reason we got coins such as $XRP and $MOON on the top mktcap lists), but if you're really into the markets you'll realize they aren't even liquid enough to cash out a few millions or in most cases not even a million out of the market. Enter BANCOR, the protocol to solve the liquidity problem most of crypto markets have. Being able to provide liquidity through a smart contract is simply awesome. This enables users to trustlessly convert tokens without the risk experienced with centralized models.
After a huge funding (which has hurt their cycle a bit) and several updates from the team we're apparently bottoming out. As one of the big projects this year is finally consolidating ideas and showing progress on their relationships and even new ICOs on the platform coming to life there's finally a trend reversal (apparently). The chart shows a hidden bullish divergence with the RSI showing higher lows and the price showing lower lows, this indicates underlying strength. On the other hand we have Stochastic RSI showing a trend change at 20% oversold levels which might further indicate a change in trend. Next 2 months have interesting updates coming which would most likely create hype for people to buy in. Volume from 8/12/2017 to this moment gives a good perspective as it's showing sells slowing down.
Updates for the team/product: blog.bancor.network
Github (development progress): github.com
Coming conferences in which BANCOR will appear in:
TechCrunch Disrupt - SEPT 18-20, 2017
CapitalFest 2017 -Big main event of Amsterdam Capital Week - SEPT 27, 2017
BlockCon 2017 - BlockChain Convention SantaMonica - OCT 10-11, 2017
Ethereal - Culture-focused blockchain event that brings innovators in the field - OCT 27, 2017
Banking on BancorSince the $153M ICO in June, Bancor has been in a more or less free fall; down from around 0.00144000 to as low as 0.00050000. It appears to be leveling out with a few large capitulation spikes, meaning initial investors are starting to give up after holding forever (3 months lol). The lower triangle seems to be building up towards the 71000 - 72000 level and once this level is solidly broken I would expect the uptrend to begin. Based on the amount of previous interest, this will easily garner new buyers with any sort of news or speculation. I would see the key resistance levels to be about 81000 and 100000. If these levels are broken, this coin could skyrocket. Let me know what you think if you agree or let me know if you disagree. Do your own research and good luck trading!
Bancor | Sleeping Giant | Solid Team and FundamentalsIchimoku 4 hr has went bullish
Bottomed out
Good buy / investment here
What is Bancor?
Answer: Bancor a smart programmable token protocol with a built in automated market maker. Summary abstract from Bancor whitepaper.
The Bancor protocol enables built-in price discovery and a liquidity mechanism for tokens on smart contract blockchains. These “smart tokens” hold one or more other tokens in reserve, and enable any party to instantly purchase or liquidate the smart token in exchange for one of its reserve tokens, directly through the smart token’s contract, at a continuously calculated price, according to a formula which balances buy and sell volumes.”
In simple terms: the Bancor protocol is a smart-contract-based token conversion protocol, providing instant liquidity & price discovery, with no counterparty risk.
To better understand the details behind the Bancor idea from world economist John Maynard Keynes here is a synopsis from Economist and author Ann Pettifor, “The idea behind Bancor, is a global central bank that would offer countries a form of overdraft and enable countries to overcome a shortfall in income to pay off their debts on imports but what Keynes also hoped to do through this international clearing union, was to balance accounts in surplus and deficits, and Keynes was concerned that that balance should be maintained. There should not be vast imbalances in global markets because it could very threatening and destabilizing to financial, political and social stability.”
One thing worth noting is the definition of a “smart token” based on Eyal Hertzog, co-founder of Bancor, “A smart token, is a programmable token, and uses the Bancor protocol and that holds one or more other tokens, in its reserve. And it can manage this reserve in a way that it sets a price and sells itself in exchange for the reserve currency or vice versa. It would buy its own units and payout in the reserve currency in exchange for that. So you buy the smart token from the smart token itself/ smart contract and you sell the smart token to the smart token itself through the smart contract. And whenever you buy the price goes up and whenever you sell the price goes down.”
The major problems that Bancor solves are:
Provide instant/immediate liquidity through one liquidity pool
Built in price discovery
Reduce/Eliminate counterparty risk
“Smart tokens” hold one or more other tokens in reserve, i.e. decentralized baskets
Create cross community driven interoperability smart token
Prices are calculated by the smart token so buys and sells use the same current price, thus there is no spread.
Price slippage is pre-calculated relative to transaction size and incorporated into current price and as a result there is a predictable price slippage.
Provide instant/immediate liquidity through one liquidity pool
The ability to provide “liquid generated user currencies” is achieved by the use of smart contracts.
The “liquid mechanism” is done by including the buy and sell orders into the smart tokens as well as using the third-party arbitrage system inside smart tokens to handle any additional rules set by the token creators.
Smart tokens are standard ERC20 tokens which implement the Bancor protocol, providing.
continuous liquidity while automatically facilitating price-discovery. The smart token’s contract instantly processes buy and sell orders, which drive the price-discovery process. Due to this capability, smart tokens do not need to be traded in an exchange in order to become liquid.
A smart token holds a balance of least one other reserve token, which (currently) can be a different smart token, any ERC20 standard token or Ether. Smart tokens are issued when purchased and destroyed when liquidated, therefore it is always possible to purchase a smart token with its reserve token, as well as to liquidate a smart token to its reserve token, at the current price.
Double coincidence of wants is an issue that exists in crypto-currencies as buyers