CLOAK/BTC (CloakCoin) “Last Move Hit >17X! New Wedge Formed!”CLOAK/BTC, 5/23/18, analysis completed at 9:00 PM EST, by Michael Mansfield.
Hi trader friends, for this post I am using “3 day” price bars with Candlestick wicks removed. And, we are using Log Scale, which can make a huge difference in look and analysis results. Read why below. But first...
BOTTOM LINE FOR CLOAKCOIN:
CloakCoin is likely in the late stage of a cyclical correction down. Cyclical UP-move due next.
Must first break above this wedge formation @ 0.000148 (or higher, to be safe).
1st measured move price target up from there = 0.60 to 0.0066.
2nd target up = 0.0133, the highest yellow dashed line.
3rd target up = 0.0175, the upper paralleled channel line (white) on or around December 21, 2018, if we get the breakout up.
Cycle highs are due November 9th and December 21st, 2018, for these two cycles.
Bullish view negated if a 4 hour close below 0.00076 (dashed pink breakdown line).
If breakout down, target becomes a likely consolidation down to 0.0002950 to 0.0002350 area.
CloakCoin has been around since 2014 and, like some successful cryptos, has experience a few huge moves to the upside. Watch this one.
MEASURED MOVE TARGETS HAVE WORKED WELL ON CLOAKCOIN. TARGET FOR EARLIEST MOVE ON THIS CHART:
I measure the first all-time high and the subsequent lowest low move (1st vertical green arrow, far left of the chart).
Copied that arrow, and added that price move amount to the first wedge breakout point of 0.00023 in March, 2017 (second vertical green arrow).
That price range amount added to the prior wedge breakout point forecasted and matched the next all-time high in June, 2017, of 0.0038 on a
closing basis!
Subsequent price move amounted to a 16.5X move from the breakout point! That was not even from the low of the price swing before the
breakout up. That would have been a move of 34.5X! WOW!
Big move and perfect symmetry again (we talked about symmetrical price moves on our last post).
CURRENT PRICE TARGETS:
I measured the price range from the all-time high of rounding it to 0.0038 (closing basis) to the Andrews Pitchfork lower support line (lowest solid
red line moving upward) at 0.0001886.
Then, add that price range to what is likely to be the next breakout at the cyan (light blue) wedge resistance line (moving down off the all-time
high tapping the recent swing high on a closing basis, on April 16th, of roughly 0.0001480.
That range measures to an initial price target of 0.0066 area, a roughly 44x potential move!
This potential move does not look like a 44x move because of the log scaling, but it would be!
WEDGE BREAKOUT UP NEEDED BY MID JULY:
VOLUME FORCE OSCILLATOR SUPPORTS BULLISH CASE:
Klinger Volume Force, in the lower window, is trending up within its oscillation.
It is likely to hit its lower support line within a week or two, then move higher as price rallies toward a wedge breakout. Be ready to buy the
breakout up!
The dashed white line is the Volume Force oscillator’s support line, from two prior swing lows ago, is a risk point for a breakout down instead of up.
This is the same theory as breakouts from a wedges 2nd swing high or low breakout point. The 2nd swing point offers a high probability of a sustained move, but less of a move had you acted sooner.
CYCLES:
Longer-term cycle is up until December 3-12th.
Shorter-term cycle (cyan color) is moving down until July 9-12 then up until November 9-12, 2018.
Since larger cycles almost always dominate, the downward movement of this smaller cyan cycle may bottom sooner than the smaller cycle
suggests.
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Cheers!
Michael Mansfield CIO
Cloak
There Goes All The Money...
Weekly
Looking at our highest timeframe we see price respecting an ascending triangle. Next stop is 50000, not expecting our 100000 support level to hold. Market is in the middle of a sell off. Stochastic RSI showing momentum is heading towards the downside. Wait for a drop towards 50000, bouncing off our dynamic and horizontal support.
_____________________
Coin: #CLOAK
Exchange: Bittrex
Buy Stop: 55000 satoshis
Price Now: 117700 satoshis
______________________
#WhaleAgent Targets
______________________
TARGET 1 : 100000 (+83%)
TARGET 2 : 150000(+174%)
TARGET 3 : 200000(+266%)
TARGET 4 : 230000(+320%)
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SL: 45000 satoshis (-18%)
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CloakCoin Might Grow x3Looking at the long term price action, CloakCoin continues to reject the uptrend trendline, and most recent bounce occurred back in April. Price then found the bottom at $4.5 and went up sharply, breaking above the 200 Moving Average.
CLOAK/USD reached the high at $26 and corrected down to the $9 area, where it found the support at 76.4% Fibonacci retracement level. Currently the 200 Moving Average is acting as the support and this could trigger another wave up. Fibonacci applied to the recent corrective wave up shows that the potential upside target could be at 161.8% Fibs, that is $37 area. Therefore, CloakCoin could be aiming for a double top in the medium to long term.
Nevertheless, if price breaks below the support at $9.7, the bullish outlook would be invalid and CLOAK/USD could drop down to the uptrend trendline, the $6 area.
CLOAKBTC potential longWith Binance running a competition for most trades with this currency--and it's lack of leverage making short positions less appealing, I suspect we'll see this little guy rally a bit.
Still, I wouldn't pull the trigger too early--I'd wait for either the SMA cross (orange over blue) or for the RSI to bounce off 50. (calculation in the strategy tester assumes $2500 position non-pyramiding)
Cloakcoin will need its own planet to land onExcuse the clutter, tried to get as much historical trends in as possible. This coin has a clear history of cups and handles with huge swings going both ways. GREAT setup for the long term trader looking for 3x-5x and then reload profits. With current setup, we have a CLEAR and PERFECT Cup and Handle that bounced off several MAJOR support zones. First, on Ichimoku Cloud (which i turned off due to clutter), it bounced off the TK line, which also happened to be the .618 Fib correction line AND the 200MA. Eyes lit up on a bounce with all 3 support levels happening in the same spot!
Dev team is a lot more active on Twitter and I see a new update/article out almost daily which shows they're really trying to get this baby rolling.
Key Points:
Market Cap: $55,949,499 USD (no..I'm not joking...its crazy low!)
Supply: 5,132,840 CLOAK (no..i'm not joking...also crazy low!)
POS (Proof of Stake) coin with 6% interest earned with coins in wallet (Dash has 8% but only offers to masternodes only, Cloak offers 6% to EVERYONE who simply owns the coin and puts in their wallet)
Blocktime: 60 seconds (Twice as fast as Monero and Dash)
Superior anonymity over Dash and Monero...and a FRACTION of the value. If this coin has the same market cap as Monero and Dash...This would be a $500-700 coin.
Given historical trends of its swings and runs, huge gains ahead...and will get it now with Binance listing and recent exposure. Happy Mooning!
CLOAK - 20% QUICK TRADE POTENTIAL, 30min / BINANCEHey Guys,
We have reached again the support zone for BINANCE:CLOAKBTC which hold us many many times before.
I´m definitely in - all details in the chart.
Take care.
Marek
CLOAKBTCCLOAKBTC - previous analysis stopped out . but there is a harmonic formation now. Following...
CLOAKBTCCLOAKBTC - Thank you for your likes and comments. You can also follow my other social media accounts :)
Cloak Long Cloak bounced hard off of the bottom and is looking to move on up. Technicals look decent.
On the lower end for volume so be careful.
Buy blue, sell green, stop at red.
CLOAKBTC 42% + 153% +CLOAKBTC 42% + 153% +
After a large pump and correction, the price seems to be ready to go up again!
Enter the trade according to your trading plan and always consider the risks.
In time, take profits and get pleasure from trading.
All good luck and good trade.
$CLOAK Going down, but remember it in julyIt's all downhill from here until July. Support line will be reached in July, follow the lines.
$CLOAK - More Cup and Handles!I think we challenge the .0020 - .0024 levels (next fib level) within the next couple weeks...50%+ gain
$CLOAK has confirmed breakout from old long pattern--blue skies!$CLOAK finally broke through resistance on the descending triangle of its long-term old pattern. This signals a new cycle beginning and it broke through with authority! I expect a retrace to the top of old resistance and then continuation higher to the next couple of fib lines.
Cloakcoin CLOAK on the run!Still 50% down from it ATH of $32
Just got listed on Binance, so you know what that means
One of the only privacy coins out there
CLOAKBTC 40% + 60% + 100% + 300%CLOAKBTC 40% + 60% + 100% + 300%
And again hello!
A new day - new opportunities!
Trade according to your trading plan!
Use stop loss!
Profit and do not be greedy!
And then the market itself will take care of you to reward!
Good luck and good trading!
CLOAKBTC 25 + 80 %CLOAKBTC
Buy
Target 1 - 0.00109
Target 2 - 0.00120
Goal 2 can be achieved after resisting at 0.00120. Otherwise, return to 0.00085.
We closely follow the BTC.
Do not forget to take profits.
Good luck to all.
Cloak SetupI have been eye'ing this trade for a while now. It just recently hit my price targets, and looking for at least a 3X return on this one.
CLOAK/BTC Triple bottom & following BTC + Binance Listing soon!Hey all,
CLOAK might be a good one to watch while BTC -0.34% is on it's way up. It is closely following BTC/USD movements currently so could be some nice gains here. Not to mention the rumours of it being listed on Binance this week which could take this to the moon.
-Broke out of down trend (green) will still need to close above to confirm trade though.
-Triple bottomed and is bouncing of the 78.6 Fibs line which seems to be a strong support there which is a good signal.
-MACD looks like it is about to cross over.
-RSI is sitting around 60 so there still room to move upward from here.
-Volume also coming in
Lots of bullish signals here
Have added in my targets also :)
CLOAKBTC Cup&HandleMACD Level (12, 27), MA and EMA (10, 20, 50, 100, 200) indicate a buy state. On the 1-hour chart there is a cup and handle formation which is confirmed by Stoch RSI, Aroon (14) and Fib retracement levels. The price should go down to Fib 0.786 support level and then bounce back to the Fib 0.618 resistance level. Our signal for this coin is already in the Premium channel
Cloak/BTC Listing on Binance 200% + ROI Hello, Trading View,
This is a very multitudinous strategy. Because there are several factors that will effect the price of this coin. Both immediately and long term. If you examine the price action in the past. New coins listed on Binance will usually spike up on the first few days on binance. Then they calm back down and reach the true market price.
On the other side of the strategy. You have a long term future for this coin. Simply because the supply for Cloak is at about 5,000,000. So the demand is what will heavily influence the price of this coin. Once the demand starts picking up. You can see huge gains for it. Simply because there are only 5,000,000 coins ever minted. So if you want to buy in while the coin is still at $14 each. You should do so before it hits binance. When the coins value will sky rocket.
Let's also examine the price of how the BTC/USD pair effects the price of this coin.
BTC/USD is in green.
CLOAK/BTC is in blue.
Once the price of BTC goes up in USD it reduces the amount of BTC you can get for this coin. Sense the value of BTC is heading up right now. The strategy of holding this coin long term should be post post poned until we can verify that the USD/BTC is indeed an inverted head and shoulders.
Once that happens, all long term bets are off for this coin. If the BTC/USD pair does not turn into a trend reversal. Then all bets are on for this coin long term. And it might be a bit better to buy in now. And ride the wave up when it hits Binance. Or you will have to buy it in at a higher price later. And ROI will not be as good.
Granted the wide range of strategies you can employ for this coin. I will not be posting buy-in and targets. Because it is so subjective to the market conditions. That would be pointless.
CLOAK Going on Binance (Fundamentals trade)There are many reports that the Altcoin CloakCoin (CLOAK) is being added to Binance soon. Just this one piece of data can make this an incredibly profitable coin to buy and hold for the next few days.
CLOAK is available for trading right now on the major exchange Bittrex and some other minor exchanges.
Binance is the biggest exchange of all. When a new coin is added to Binance, its price tends to shoot up really strong. The growth potential varies, but it can go from 20% to 500% or more.
You can check CLOAK's Twitter feed for some news on this, as well CloakCoin details on Binance.
Here are a few quick suggestions for this trade:
- Buy in within the following range: 0.00115 - 0.00150
- Sell at the following targets: 20-50% profits. Up to 100% and more 12-24 hours after Binance add.
- Decide your profits target and strategy before buying in and stick to it. For example, if you choose to aim for 30%, then go for it, but when you see 30% profits do not stay on the trade, sell, take your profits and move on. On a different note, if you go for 100% potential profits, then stick to it as well... the same with 5%, 10%, etc. Stick to your plan, but think carefully before choosing one.
- You can use a 10% stop loss (if the price goes 10% below 0.00115, you can choose to close your trade. This is completely up to you.
- Please trade at your own risk, choose wisely before deciding to buy this coin. Do not buy solely based on this recommendation, there is no guarantee that anything will happen. The price can go up as it can go down. Use this piece of information as a tool to better improve the odds of a successful trade.
- I love you for what you are... Remember your true-self...
Namaste.