BCH - Ready for New HighsBCHUSD has broken out of the downtrend channel that it has been in since reaching all time highs in Dec-Jan.
The price broke the downtrend channel between the Fibonacci numbers of 1.414 & 1.618.
We have seen a recent spike which has only retraced 23.6% which suggests we are going to have an extended wave.
The first target is at approx. BCHUSD $1269 (1 Week)
The second target is at approx. BCHUSD $1889 (1 Month)
I will update this analysis for corrections.
Feel free to ask questions.
-AB
Cryptocurrrency
ICON: MARKET RECOVERY & PARTNERSHIP- PROFIT = 22.39% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 28th of May 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 22.39% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 18: Crush Crypto (a cryptocurrency analysis site) identifies Icon (ICX) as a Crusher of the Month.
April 19: Deblock project announcement where Icon Foundation will work with a marketing company called AD4th (which digital advertising agency. Deblock function as a business incubator, which will assist blockchain projects to launch on the ICON platform by providing funding for the development of their blockchain related applications.
April 23: News articles with speculation that South Korea will remove their initial ban of ICOs.
April 27: News from Bloomberg publicises Pantera Capital Management LP recommendation ($1 billion cryptocurrency hedge fund) that ICON (ICX) is a "screaming buy".
May 8: ICON announced a strategic partnership with Japan’s first crypto fund, B Cryptos. This is supported by Japan’s top venture capital funds, B Dash Ventures by Japan’s leading cryptocurrency exchange QUOINE, which will invest in various ICOs and cryptocurrencies.
May 11: ICONest, ICON's token launch platform is launched.
May 14: ICON and LINE PLUS, a global social platform with over 200 million monthly average users(MAU) worldwide, has co-founded ‘Unchain’ to build LINE’s blockchain network. Unchain aims to develop various DApp services while building synergies with ICON to expand the blockchain ecosystem.
May 30: ICON announces its strategic partnership with TRIVE, a Venture Capital firm based in Singapore.
As ICON’s strategic partner in Southeast Asia, TRIVE will also provide green lane assessments of startups for expedited access to support from ICON. This would accelerate the development of new blockchain projects from Southeast Asia onto the ICON network.
Analysis suggests that increased interest as a result of the ICON and LINE partnership has generated interest and trading volume in ICON (ICX).
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
AELF: NEW DEVELOPMENTS = 22.34% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018.
Using this buy in point and selling at today's peak price, you would have expected to net 22.34% PROFIT!!!
The increase in price may also be explained by positive developments including:
December 2017: Binance lists aelf.
January 2018: aelf ($ELF) releases free "Candy Program" rewarding users for performing certaiin tasks.
March 2018: Kucoin lists aelf.
April 20: Bithumb lists aelf.
May 15: Aelfiego is launched.
May 20: aelf has taken its first step into the gaming industry with the recently announced partnership with Fair.Game
May 3: aelf forms an Innovation Alliance with FBG Capital, Huobi Labs, Michael Arrington, Roland Berger and Signum Capital.
May 4: Airswap lists aelf.
May 18: Iconomi adds aelf to their platform.
The surge in price is believed to be driven by multiple exchange listings and general recovery of prices in the cryptocurrency markets.
***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
ICON: ICON AND LINE PARTNERSHIP = 20.17% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 11th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 20.17% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 18: Crush Crypto (a cryptocurrency analysis site) identifies Icon (ICX) as a Crusher of the Month.
April 19: Deblock project announcement where Icon Foundation will work with a marketing company called AD4th (which digital advertising agency. Deblock function as a business incubator, which will assist blockchain projects to launch on the ICON platform by providing funding for the development of their blockchain related applications.
April 23: News articles with speculation that South Korea will remove their initial ban of ICOs.
April 27: News from Bloomberg publicises Pantera Capital Management LP recommendation ($1 billion cryptocurrency hedge fund) that ICON (ICX) is a "screaming buy".
May 8: ICON announced a strategic partnership with Japan’s first crypto fund, B Cryptos. This is supported by Japan’s top venture capital funds, B Dash Ventures by Japan’s leading cryptocurrency exchange QUOINE, which will invest in various ICOs and cryptocurrencies.
May 11: ICONest, ICON's token launch platform is launched.
May 14: ICON and LINE PLUS, a global social platform with over 200 million monthly average users(MAU) worldwide, has co-founded ‘Unchain’ to build LINE’s blockchain network. Unchain aims to develop various DApp services while building synergies with ICON to expand the blockchain ecosystem.
Analysis suggests that increased interest as a result of the ICON and LINE partnership has generated interest and trading volume in ICON (ICX).
LOOM NETWORK: UNIT SDK RELEASE - 24 HOURS = 12.47% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 14th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 12.47% PROFIT!!! IN LESS THAN 24 HOURS!!!
The increase in price may also be explained by positive developments including :
April 3: Loom Network SDK Alpha release
April 5: Loom Network is mentioned on Korean TV.
April 13: Plasma Cash is supported on Loom Network.
April 16: DelegateCall now has international support in Chinese, German, Korean and Japanese.
April 17: Pixie Shopping Street, one of the fastest growing game developers in Asia, joins Loom SDK to scale games using DAppChains.
April 20: "CryptoZombies Origins: What is Blockchain?" is released.
April 25: RadarRelay lists LOOM Token.
April 25: DelegateCall releases the following upgrades: Notifications, Email Digests, New Transfer Gateway
April 27: A month ago, we announced that CryptoZombies is hard forking to become the second Loom Network DAppChain, and that those who completed lessons before the cutoff date of April 20th would receive some pretty sweet rewards in the form of ERC20 / ERC721 tokens.
April 30: Loom Network will be sponsoring GopherCon Singapore, one of the largest conferences for Golang developers.
May 2: Binance lists LOOM Token.
May 3: Withdrawal Fee for LOOM Token Reduced.
May 8: 2nd Loom SDK Project Announced: Neon District, a Blockchain-Based Cyberpunk RPG -0.12% .
(NEW) May 12: LOOM releases Unity SDK Beta. This is HUGE news as it allows allow any game developer to easily integrate with a DAppChain backend without having to be a Blockchain Developer. Full release is pending for June 2018.
The release of LOOM's Unity SDK and general price recovery in the cryptocurrency markets explain the increase in price.
TRON: NEW DEVELOPMENTS = 19.31% PROFIT!!! IN 24 HOURS!!!Our " Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 19.31% PROFIT!!!
The increase in price may also be explained by positive development s including:
14 April: TRON launches Project Genesis: a reward pool totaling $2 billion USD and a variety of programs—all for the TRON community and developer
21 April: Bit-Z will support TRON main net migration
21 April: TRON airdrops 30M TRX to Ethereum holders.
22nd April: TRON is the second most active developed cryptocurrency on Github.
24 April: TRON launches TRONSR forum.
24 April: TRON will be listed on Coinbene.
24 April: TRON starts trading on Bittrex.
28 April: TRON is ranked by TokenInsight to be the first in line code submissions and indicator of development activity.
28 April: Bittrex publicises that they will support TRON's Ethereum 1.79% ERC20 token to a new TRON mainnet and blockchain.
(NEW) 1 May: Bitfinex announces that they will be supporting the blockchain upgrade and token swap.
(NEW) 1 May: TRON initiates airdrop of TRON to Ethereum community.
(NEW) 2 May: Coin Tiger (Chinese Exchange) lists TRON.
(NEW) 8 May: TRON Mainnet Odyssey-v.1.0.6 is released.
(NEW) 9 May: TRON announces that they have more than 1.08 million users.
(NEW) 9 May: Binance announces that they will be supporting the blockchain upgrade and token swap.
(NEW) 9 May: Coinrail (Korean Exchange) announces that they will be supporting the blockchain upgrade and token swap.
(NEW) 10 May: TRON announces that their 30 Million TRX Token Airdrop is Complete.
(NEW) 10 May: TRON announces only 21 days until mainnet launch.
(NEW) 10 May: TRON announces that TRX has been accepted as a method of public charity fund-raising by a well-known American charity.
(NEW) 12 May: Coinnest (Korean exchange) announces it will support the TRON blockchain upgrade and Token Swap.
(NEW) 12 May: TRON announces that will be launch TronVM v.0.1 on the 25th May. This version will be fully compatible with the Ethereum VM allowing Ethereum developers to use an adapter to migrate seamlessly from Ethereum dApp projects to TRON.
It is also noted that The Tron Main Net is poised to be launched on 31st May 2018 with TRON will be migrating from ERC20 token to TRX starting from 21st June 2018. It is noted that the Super Representative elections will be held on the 26th June 2018 (a Super respresantive is the bookkeeper on the TRON network. The elected number will be a total of 27. They are responsible for verifying the transaction data distributed on the network to perform package transaction and create blocks).
An increase is trading volume is driven by Korean and Chinese Exchanges accounting for roughly of all trading volume .
SUBSTRATUM: EARLY OPEN BETA = 19.85% PROFIT!!! IN 24 HOURS!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 27.13% PROFIT!!! IN 24 HOURS!!!
The increase in price may also be explained by positive developments including:
March 23: Successful test of private beta v0.2.0 Node on MacOS
April 11: Completion of private beta SubstratumNode tests on Linux, Mac and Windows OS
April 20: Notice of new version of Substratum v0.3.0 with a number of difference fixes and enhancements.
April 26: Substratum airs mini documentary on Fox Business to 60 million US homes. This is expected to increase publicity of the cryptocurrency.
April 27: Young and Investing (Youtube Personality) names Substratum as one of he "TOP 3 COINS TO WATCH IN MAY"
April 29: Altcoin Buzz (Youtube Personality) names Substratum as the the top cryptocurrency to ensure destabilise threats to net neutrality.
April 29: DataDash (Youtube Personality) names Substratum as one of the "TOP 3 COINS TO WATCH IN MAY"
(NEW) May 11: Korean Exchange Coinbit lists Substratum.
(NEW) May 11: WazirX (Indian cryptocurrency exchange) lists Substratum.
(NEW) May 11: Substratum announces new earning mechanism which allows users will be able to earn for ALL WEB TRAFFIC when running a Substratum Node.
(NEW) May 12: Suppoman (Youtube Personality) mentions he is bullish on Substratum and believes it is underpriced.
(NEW) May 12: Substratum has announces the release of the Substratum Node Early Open Beta.
(NEW) May 12: Bitbns (cryptocurrency exchange) announces deposits for Substratum deposits now active.
(NEW) May 12: Multiple reports from community of Substratum nodes functioning without isssues.
Substratum's increase in price is believed to be resulting from an broad based recovery experienced by the entire cryptocurrency market and the positive developments identified above especially with key social media influencers publicising Substratum as a solution to the Net Neutrality controversy and the release of the Substratum Node Early Open Beta.
BASIC ATTENTION TOKEN - 24 HOURS = 16.14% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 11th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 16.14% PROFIT!!! IN 24 HOURS!!!
The increase in price may also be explained by positive developments including:
February 24: HowToBasic (Youtube Personality with 10 million subscribers) becomes a verified creator with Brave.
February 24: and Bart Barker (Youtube Personality with 20 million subscribers) asks his audience to download Brave.
March 2: Basic Attention Token announces a million dollar referral program allowing Twitch streamers can earn revenue with the brave browser and BAT!
March 20: Basic Attention Token announces Batify extension for Google Chrome.
April 4: Brave for Android is nominated for a #webbys People's Voice award.
April 14: Brave hits 2 million Monthly Active Users and Distributes Million Dollar BAT Referral Program to Content Creators.
April 14: Brave added to all desktops at UC Berkeley, Open Computing Facility (OCF).
April 19: Announcement that the Basic Attention Token, the creators of the Brave Browser have secured a partnership with the Dow Jones Media Group (creators of the Wall Street Journal) to provide access of two years of free access to its Barrons.com website or to a premium MarketWatch newsletter. This is believed to change the online advertising landscape and one of the first validations of blockchain tech into online advertising.
April 19: It has also been reported today that Dow Jones Group has begun testing of Brave Software to replace it's reliance on online ads.
May 4: Brave announces partnership with Town Square Media to monetize ad-blocking traffic and test blockchain-based digital advertising.
May 12 : BAT/BRAVE Open New Office in London, UK; Presentations in Singapore and South Korea.
May 12: BAT nominated for Best Project in the Crypto Influencer Awards
Analysis reveals that a combination of these developments together a broader recovery in the broader cryptocurrency markets has led to increase in the price of Basic Attention Token.
LOOM NETWORK: LISTING ON BINANCE - 24 HOURS = 20.59% PROFIT!!!Our " Crypto Scalper" Trade Indicator has correctly identified a buy in point on the 7th of May 2018.
Using this buy in point and selling at today's price, you would have expected to net 20.59% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 3: Loom Network SDK Alpha release
April 5: Loom Network is mentioned on Korean TV.
April 13: Plasma Cash is supported on Loom Network.
April 16: DelegateCall now has international support in Chinese, German, Korean and Japanese.
April 17: Pixie Shopping Street, one of the fastest growing game developers in Asia, joins Loom SDK to scale games using DAppChains.
April 20: "CryptoZombies Origins: What is Blockchain?" is released.
April 25: RadarRelay lists LOOM Token.
April 25: DelegateCall releases the following upgrades: Notifications, Email Digests, New Transfer Gateway
April 27: A month ago, we announced that CryptoZombies is hard forking to become the second Loom Network DAppChain, and that those who completed lessons before the cutoff date of April 20th would receive some pretty sweet rewards in the form of ERC20 / ERC721 tokens.
April 30: Loom Network will be sponsoring GopherCon Singapore, one of the largest conferences for Golang developers.
May 2: Binance lists LOOM Token.
May 3: Withdrawal Fee for LOOM Token Reduced.
(NEW) May 8: 2nd Loom SDK Project Announced: Neon District, a Blockchain-Based Cyberpunk RPG.
The new exchange listings combined the announcement of the new Neon District RPG explains the increase in price.
POLYMATH NETWORK: CRYPTO BOTTOM SIGNAL = 66.83% PROFIT!!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 22nd of April 2018 .
Using this buy in point and selling at today's price, you would have expected to net 69.11% PROFIT!!!
The increase in price may also be explained by positive developments including:
February 14: Polymath Network gets listed on Kucoin cryptocurrency exchange.
April 7: Polymath release an update to it's core codenamed "Toro".
April 9: Polymath Network gets listed on Bittrex cryptocurrency exchange.
April 20: Polymath and Trustroot Partner on Verification Service for Security Token Offerings
April 21: Polymath is pleased to welcome our newest advisor, Michael Hyatt. Michael is also a weekly business commentator on CBC and was a celebrated “Dragon” on CBC’s online Dragons’ Den.
April 25: Polymath joins the Blockchain Research Institute along with Aion, Decentral, and Salesforce. Blockchain Research Institute is a multi-million dollar global research initiative undertaking the definitive investigation of blockchain strategies, opportunities, and implementation challenges. Other new members include Navigator Limited, the first public relations firm to join the institute, and brand management agency VIKTRE.
April 26: Polymath and CrowdfundX, a company focused on AI-powered digital marketing, have agreed to pursue a collaboration to offer CrowdfundX’s digital marketing services to security token issuers on the Polymath platform.
April 27: Polymath released guide to launch A Security Token via Polymath.
The positive news combined with the uptrend in prices from the general crypto markets can explain the increase in price.
0x: NEW DEVELOPMENTS - PROFIT = 36.43% !!!Our "Crypto Scalper" Trade Indicator has correctly identified a buy in point on the 1nd of May 2018.
Using this buy in point and selling at today's price, you would have expected to net 36.43% PROFIT!!!
The increase in price may also be explained by positive developments including:
Feb 7: OpenFinance complets the world’s first ever fully compliant security token trade via the 0xProject protocol!
March 24: 0x announces 0x Trade Widget (allows users to instantly buy Ethereum tokens with 0x protocol).
April 5: 0x announces 0x Protocol v2.
April 6: 0x tokens are ablet to be traded ion Abra wallets.
April 19: 0x announces that its protocol enables Compliant peer-to-peer trading allowing for widespread DEX adoption (by meeting KYC and AML 2.71% requirements).
April 26: 0x announces the Bloqboard, the first live Dharma Debt Relayer is launched.
April 26: 0x announces SharkRelay was released live on it mainnet.
April 27: 0x announces Short selling and leveraged long trading coming to decentralized exchanges soon via dydxprotocol
May 2: Radar Relay (facilitates wallet-to-wallet trading using an open order book) using the 0x protocol facilitates $100 million worth of volume during their beta period.
May 2: Rumours released that 0x will be released on Coinbase.
(NEW) May 3: Bambo Relay is released. It is a ERC20 relayer that is built on the 0x protocol. It has the following features:
- Trade directly from your Ledger Wallet
- Night and day mode for the UI
- Trollbox
- The ability to trade any ERC20 compatible token
- Standard Relayer API endpoints
- Free trades during the beta
(NEW) May 3: Radar Relay (which uses the 0x token) is available in Chinese and Korea.
The general uptrend in the crypto markets as well as the positive developments above have caused an increase in demand for the 0x token which have forced up prices.
LOOM NETWORK: LISTING ON BINANCE - 24 HOURS = 43.01% PROFIT!!!Our "Crypto Scalper" Trade Indicator has correctly identified a buy in point on the 3rd of May 2018.
Using this buy in point and selling at today's price, you would have expected to net 43.01% PROFIT!!! IN 24 HOURS.
The increase in price may also be explained by positive developments including:
April 3: Loom Network SDK Alpha release
April 5: Loom Network is mentioned on Korean TV.
April 13: Plasma Cash is supported on Loom Network.
April 16: DelegateCall now has international support in Chinese, German, Korean and Japanese.
April 17: Pixie Shopping Street, one of the fastest growing game developers in Asia, joins Loom SDK to scale games using DAppChains.
April 20: "CryptoZombies Origins: What is Blockchain?" is released.
April 25: RadarRelay lists LOOM Token.
April 25: DelegateCall releases the following upgrades: Notifications, Email Digests, New Transfer Gateway
April 27: A month ago, we announced that CryptoZombies is hard forking to become the second Loom Network DAppChain, and that those who completed lessons before the cutoff date of April 20th would receive some pretty sweet rewards in the form of ERC20 / ERC721 tokens.
April 30: Loom Network will be sponsoring GopherCon Singapore, one of the largest conferences for Golang developers.
May 2: Binance lists LOOM Token.
May 3: Withdrawal Fee for LOOM Token Reduced.
The new exchange listings combined with the uptrend in prices from the general crypto markets can explain the increase in price.
Tale of Two FractalsICOs to be evaluated on Monday May 7th. Any decision the SEC makes will be critical in determining the future of bitcoin and other cryptocurrencies. The printed fractals are both from 2013. The RED means we're in the April bubble. the BLUE means we're in the November bubble. I'm bearish @ 13-14K until proven otherwise. Stay neutral until we determine sentiment post-ICO eval.
ETHUSD Long Entry- Retest of Demand area with volume at the FibA quick retracement after profit taking by the bulls. Successful tested the demand area at 530 with good stopping volume at the the 61.8% (38.2%) Fib level. Buyers are present! This gives a target of 833 which lines up with the supply area at this handle. Technically obedient which is nice to see.
shitty bitcoin trend analysisbasic trend lines & technical analysis make me think we're not gonna go parabolic again anytime soon; google trends shows how often people are googling "bitcoin" or "buy bitcoin" and only when we get another wave of interest do i think we'll get another mind boggling bull run.
obviously fundamentally 1 BTC = 1 bugatti in the long run
but i still think we're gonna be accumulating around 6k before we take off again
ETH CORRECTION SOON??IF you have been following my charts you know that i have a wave 3 target in the 650 range which still stands as of now but im keeping a close eye on it as the RSI on the 6 hour time frame is showing overbought but the MACD is still showing bullish. If this goes past the 1:1 fib range we could see a shoot up to the 1.618 fib region which would be around 720. If we start to see a correction then im thinking with the bullish trend we should correct to the .618 or possibly .5 area for a heavier correction so the 575-550 range. It looks like the bulls are really starting to charge here but its good to have some targets and stay open to some different possible outcomes. These are just my opinion based off of technical indicators and my perception of them. Good luck to everyone and have an awesome weekend. GO GAINS!!!!
Bitcoin At The Crossroads! What Happens Next?
Well actually your guess is as good as mine.... Love seeing this long, multi-month downtrend being broken to the upside. The fact that we haven't been smacked down back into the bearish channel is definitely good news for the price. Finally on the chart we can draw another long term trend line that BTC is meeting right now and is hugging pretty closely. I think this is something to be watched and a break above this line that dates back to July of 2017 would be "hella good news" to say the least. In fact, it would be fine to even see it head up slowly and continue to hug this line, build a base and then launch out above it (hopefully with some decent volume to confirm the move). The RSI is pretty darn good shape and we have lots of room to run around if we do see higher prices.
The old "Random Number Generator" is in pretty good shape also. We're sitting with a green 1 on the candle that just formed and this sets us up for potentially 8 more days of upside. Sunday we got the 9 sell signal and a break above $8,350 should launch us much higher into the weekend. A close below $8,273 on this chart would not be great and most likely means we need to sit around these levels a while longer before any major price advances.
The sentiment is now pretty much "overwhelmingly bullish." Just look on Twitter at all the alt coiners talking about the bear market being over. We are definitely still in a bear market and bearish environment. The prices have been decimated over the past 5 months or so.
The job of a bear market rally is to get everyone feeling good.... get everyone feeling secure.... get everyone in.... AND THEN BURY YOU SOON AFTER. Hopefully that's not the case here