BURST about to go parabolic?Burstcoin (BURST) is a cryptocurrency based on a proof-of-space (PoS) algorithm, which uses a mining device’s available disk space instead of following other energy-intensive mining methodologies.
It has been consolidating in a falling wedge over the span of 2 years and has just recently broken out to the upside.
The average directional index (ADX) is greater than 25, indicating a strong trend. Furthermore, the commodity channel index is greater than 200 and rising, reaffirming the strength of this trend.
BURSTUSD
LONG Its like green version of Bitcoin (sort of) V2Supplement to
-Its-like-green-version-of-Bitcoin-sort-of
Not much of a discussion because there isn't much to say from a technical perspective. This is market manipulation 101: we are back in the Point of Control POC , the price point with the highest volume . At a base level trade volume is dry with random peaks up or down as the asset is manipulated.
BURST ranked ~388 is a previous top 20 coin with some incredibly interesting technology that the masses have either forgotten about or never knew existed.
Please read :
The Burst Dymaxion: An Arbitrary Scalable, Energy Efficient and Anonymous Transaction Network Based on Colored Tangles
Whilst I can't confirm that the programme is developing at a rapid rate, the platform works and upgrades are consistently being made to optimise the offering. It uses Proof of Capacity (now POC2) with the use of "harddrive mining".
As you will read in the article you are NOT renting out your hard drive like SIA , STORJ, and now FILECOIN. You are using your hard drives to store information that will help you to solve complex computation work. It's like a green version of Bitcoin (sort of).
Scavenge for BURST at the bottom price points and sell at a 20-30% profit. Repeat!
[BURST/BTC] COULD "BURST" SOON [ 25-125% POTENTIAL PROFIT ]#BURST / BTC ( Binance, Bittrex )
Buy Range : 145-150
Stop Loss : Not recommend
Target 1 : 186
Target 2 : 247
Target 3 : 345
DAILY CHART
- RSI trending high ( Positive )
- MACD getting stronger ( Positive )
- Supported by EMA20 ( Positive )
- Breaking MA50 after test ( Positive )
- CMF is near to turn into positive territory ( Neutral )
- CCI turned green ( Positive )
4H CHART
- Ichimoku Cloud has been broken ( Positive )
- Nice Volume Spikes ( Positive )
- Moving averages crossed and below candles ( Positive )
- After rally, candles found support on moving averages ( Positive )
CONCLUSION
Burst is near to cross their moving averages on the daily which it always was a very nice profitable signal if we look to the past.
Also, this coin is on a bottom level which offers a good risk/reward and easy potential profits.
On the short-timesframes i found very interesant positive indicators which suggest us further positive market movements
Good luck
BURSTcoin ($BURST) - up to 798% PPT! Long tearm trade.$BURST reached long term support line and in the meantime coming closer to the apex of the falling wedge which is quite bullish.
In the upcoming weeks if price will make successful breakout out of the falling wedge we might see up to 268% gains.
On daily chart MACD there is a clear bullish divergence.
Green - buy. Red - sell.
It's not a financial advice.
Trade carefully and good luck!
Keep an eye on Burst coin.After an downtrend burst is making an uptrend.
So keep an eye on this. Take position into this when market is stable.
Invest at your own risk as it seems good profit from here but market manipulation can do opposite things as well so if you enter then do by using stop loss as well and invest only what you can afford to hold/loose for long in crypto.
Burst bounce from big support levelBurstcoin bounced from its big historical support level (green line). It is possible that price falls again to retest this support level or fall below to test the second green support. Anyway, Risk/Reward is good enough to entry for long in my opinion.
I did not enter to this market, but I follow this coin regularly. the team and the project is great and the new announcement of tethered assets are big news: twitter.com
Near Term Dev. on Burstcoin: Enabling tangle-based lightning networks, effectively making Burst a scalable, green and anonymous cryptocurrency with Burst Dymaxion.
- no investment advice - do your own research - trade carefully -
Burst, Dymaxion- (PoC) with features of IOTA, ZEC, BTC+lightning-Proof-of-Capacity (PoC) algorithm that avoids the ASIC arms race that resulted from Bitcoin and other Proof-of-Work (POW) consensus algorithms.
The Dymaxion is the integration into Burst of a number of protocols and ideas already proven by other cryptocurrencies. This list includes the use of:
-Lightning Networks
-Tangle technology from IOTA
-Anonymity characteristics from Monero and Zcash
GO TIME SOON 3X ACTION325 sats to 975-1000 (strong psychological resistance my brother)
HARD FORK + Sexy AF new site
New Mobile & Desk Wallet B.R.S. 2.0.0
github.com
www.burst-coin.org
BURST PoC1 HARD FORK coming, strong Edge to Edge Trade Oppproject revival:
Dymaxion consensus,
BURST WALLET 2.0.0 coming soon
strong social sentiment growth
high velocity momentum mover
strong consolidation/ support tests confirmed at 300 sats
E2E target 515 sats
breakout to peak Fib Extension = 808
UNIQUE proof of capacity crypto: Energy Efficient, Hard Drive Mining, Fast Cheap TXs, on platform smart contracts, Anonymous Free Messaging Service
DYOR: CONTENT
Dymaxion whitepaper ::::: package.cryptoguru.org
burst-coin.org
bitcointalk.org
stocktwits.com
www.burstcoin.ist
www.reddit.com
discordapp.com
bitcointalk.org
bittrex.com
bitcointalk.org
