INCNTUSD Accumulation ZoneINCNTUSD has bottomed and is at the previous accumulation zone. buyers lurking in this area, market cycle looks like it is restarting
Cryptocurrrency
Reason for RPX Dump and when to buy!Change the time intervals to see the head and shoulder and see the strong bear signals out of the descending triangle. Expect an increase around 1600 sats and an increase to the last resistance level of 1162
RPX Reason for price dip and potential buy priceNotice in the 4 hour chart a nice descending triangle. Then on the 2 hour chart you can see a head and shoulder form. There is slight resistance around the most recent low. If the price stays stagnant and the resistance stays, I would buy and expect a nice upward trend. It should be just around the corner.
Is DigixDao [DGD] the sleeping giant?Recently Digix announced that it was partnering with Maker in order to provide stable coins that are backed by physical gold to users.
Could this be a replacement for Tether? Digix has a long history of providing heavy transparency and is one of the longest standing ERC20 tokens on the Ethereum network. This alongside their 2.0 release coming real soon could make for an intense shift in usage that is already being seen over the last few months.
For more information on DigixDAO and Digix. See the official FAQ:
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EOS/BTC : 3 months of downtrend coming to an end?!! YES!!!!As you can see from the charts BINANCE:EOSBTC begin to downtrend since January obeying the channel
5 Waves counting is coming to an end as confirmed by the RSI
If you examine closely, every impulse downward created a lower low in the RSI
However the 3rd wave, usually the strongest, created an extreme low point
This makes wave 5 extremely difficult to create an even lower low!
so inevitably a bullish divergence has appeared, telling us that wave 5 is losing power and is coming to an end soon.
this also obeys the fibonacci guide as wave 5 is approaching 100% of wave 1
What now?....
Notice the major fibonacci retracement zone that i've drawn and how the BINANCE:EOSBTC is testing the 50% line?
i think it'll break through to complete the wave 5 and enters into ABC correction
Now of course if the price goes straight through then the bearish downtrend will continue...
But I think this is unlikely.
FUNDAMENTALS
EOS is built and maintained by an incredible team with amazing records of creating successful cryptos.
FYI, Co-founder of steemit and bitshares is also the co-founder of EOS.
Their Ico is ending june and will be going live!
Furthermore, lots of Vc has been announced and HUGE capital are flowing in
What do you think the price will be like in 2018? .......
ETH 4 hour Bull Break Highlighted potential 4 hour cup and handle setup from the video last night saw some follow through with a break correlating to BTC.
BTC holding up a bit stronger on the breakout,but we are seeing the 4 hour EMA 12 and 26 cross.
Loss of the current hourly consolidation low will be a short term consolidation red flag giving us a lower high and lower low.
Bulls trying to get over $900 psychological resistance today, which would require continuation and a break over the top of last night's high.
ETH and BTC much stronger correlation to each other than LTC currently.
Bulls working with some momentum from the Polo Circle deal announced yesterday which is very bullish for the space overall.
Acquisitions are big time "bets" made by companies anticipating crypto popularity not going anywhere.
BTC | Go bull or go home. Its a matter of when this bull flag will breakout and when it does:
1. 1-2 months of flat in the 10-12K area + bonus Altcoin party
2. MAY new BTC bull-season start
3. Target 1 - 20K by June - July
4. Target 2 - 30K by Aug - Sep
ARNBTC Cup & Handle + BullishCup formed and tested prior resistance 3 times, currently waiting for handle to form.
Cryptocurrency Market CorrelationIt's safe to say there is a lot of correlations in price in the cryptocurrency sector.
There may be some inverse correlations short-medium term that provide opportunities on how to multiply capital, but medium-long term it looks like the market follows a general trend.
This proves one can only be so diversified in 1 sector (e.x crypto) and that there is NO safe haven crypto to go all in on during corrections.
Cash is KING and will go much further in crypto dips as USD value vs satoshi is much more favorable.
PINKBTC Accumulation Zoneone of first PoS + PoW coins.
community backed, for a good cause, small market cap around 9m.
CLAMUSD Long OpportunityCLAM reached accumulation zone, cycle will restart, buy under $5.5 and sell $12+
LTC USD - LTC giving us some more options to BUY?Little TA on LTC and thoughts on price direction. Could LTC be dipping for rebuys?
XCPBTC LONG TERMXCPBTC is in a wonderful accumulation zone, seems to follow a rather volatile pattern with minimal consolidation
NEBLBTC Cycle, BullishNEBL is a project I am very bullish on. It is currently just above strong support and should pick up some speed soon :)
risk:reward is 5+
KMDBTCdescending triangle can also breakout to downside and is know to sometimes be a bearish chart pattern.
ladder profits in target 1, 2 and 3 to reduce exposure.
set stop loss at hard support, bottom of red block.
IGNISBTC Falling Wedge + SnapshotIGNIS Falling Wedge = Bullish
Snapshot / Airdrop Feb 28th = Bullish
WTCBTC 8+ Risk/Reward with 10% Risk.Triangle, broke out to upside and bounced off of resistance now turned support. will buy on buy volume increase.
Wyckoff Price Cycle TutorialWyckoff Theory states that the market can be broken up into 4 "cycles", accumulation, mark-up, distribution, and mark-down.
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