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ZEC now @ Goodwill Pivotal days could soon be upon us... ZEC/USD Macro Trend Analysis $22 lowest wick after initial release/dump. Candle body low was near $26. Which reverses into rally that takes ZEC to around $850. At the peak of that rally, ZEC had a candle reach from the local high (near $900) to the ALL TIME LOW @ $8 Did we bottom in December on the candle body support from Feb 23rd, 2017? Will price action test the two lower support levels? What do you think? Comment Below!
KRAKEN:ZECUSD
by MitchMilli
DASH/USD Bullish ChartFirst let's take a look at the EMAs, we have a golden cross (50 EMA crossed above the 200 EMA) and our candles are above the 21 EMA = bullish. We will also have the 100 EMA cross above the 200 EMA soon which would be great also. Next lets take a look at the other indicators, our RSI has room to grow pointing upward as if to suggest that it wants to push into the power range above 70. The MACD is showing a little selling pressure but that can change especially with all the other indicators looking so great. Of course we must state the obvious, BTC controls this market and as long as BTC stays stable and or moves up DASH should also. What makes this even more interesting is the break out play that is building up, specifically the pattern that is possibly being created. I've drawn up an ascending triangle which looks to be forming, if we measure the triangle we look to have a possible breakout to around/between 213.00 - 224.00 dollar area. By looking left we can see that, that dollar area lines up with former resistance also, furthering the confluence and idea that this projects value may break upward.
KRAKEN:DASHUSDLong
by Tachycardia
XMR 2.6K USD Q4 2019Monero ($XMR) is a secure , private and untraceable cryptocurrency which is used often on the dark web as a means of exchanging value. Monero functions like Digital Cash . And it seems to follow Bitcoins original rise to glory , as Bitcoin was used on Silk Road and multiple other markets back in the early 2010's. Monero is untraceable , which governments fear. If Governments like France encourage and adopt counter measures to stop Monero being used , it will only encourage others to use it. This will drive more mainstream adoption pushing up the price of Monero. (It seems odd but if you make something illegal , it actually encourages the use of it. Example when marijuana was facing prohibition , it was "Illegal" and "Mysterious" which made people want to do it more.) They cannot stop a decentralized protocol which exists outside of their control. The banks and governments it seems , will want to buy as much of this cryptocurrency , they can to ensure that they can control the supply of Monero and thus be able to "Slow" and or try to stop Monero from progressing further in its route. (which of course , they will pay a premium to do so) A lot of people have vested interests in maintaining the network , and they will not let the network fall. Monero is backed by many PhD's in cryptography , which has MANY research papers on the Cryptonote Protocol , Ring Signatures and other use cases of Monero. Some coins such as $ZCash offers a "Trusted" setup , which is essentially , an accountant who has access to your offshore bank account. (And 20%) Monero is a coin , which is PRIVATE BY DEFAULT. And doesn't have the "Trusted" Set up. Only you control your funds. No one else. Of course 2.6k is a conservative speculation... But i'm assuming Bitcoin goes to $100,000USD by Q4 2019. Which would make Moneros Value 0.026BTC or $2600USD by Q4 2019. Ethics Remember that money is simply a tool , and can be used for both good and evil. If someone gave you 5k , You could pay your rent or You can buy your kids some food. Or you can buy a gun. It's all up to you as an individual. Monero can be used for good and evil , but at the end of the day , it is secure and private and untraceable by default and it will rise in 2019.
BITFINEX:XMRUSDLong
by GetRichBy2020
$XBT slowly gaining momentum. Short-term analysisAs we can see at the moment this one looks quite side way after recent pump of tether issue. We nee to be careful on this setup as there is no ultimate sign of things will go up and down and it's quite hard to pick which way the price can go. 6 recent candles forming up a quite equal bear and bull power on the market. Plus it's on the middle of BB line. We need a strong fundamental issue to move the price up and strong fundamental fud to make the price go down. BAKKT will coming in November, let's see in a couple of weeks we can get back to $7k again. My bearish prediction will be $5700 - $5800 is the ultimate bottom of the year and we probably never see this price again as the demand increase soon.
BITMEX:XBTUSD.P
by blockchaindedi
3
DIGITAL ALPHA UPDATE - BTC at $300,000!?Hello everyone! Hope you guys are having an awesome weekend. I wanted to throw this out there and let folks know where the $300k price point comes from when you hear people discuss it. The total market cap for physical gold is just north of $6 Trillion. Yes, that is a lot. If you take Bitcoin and its 21 million supply cap with a similar market cap...you arrive at $300,000. Additionally, when taking fib levels into consideration using log scaling, you arrive at a similar number. Seriously, it's nuts. Last but not least, we can draw attention to our triple bottom. We have done it and can expect a reversal. Pair this with some fundamentals of Bakkt in November (they need to actually buy physical BTC before they open) and a potential ETF in Q1 2019, we can be on the way to some serious gains. I'll let the $300,000 figure sit with you for this Sunday...enjoy it. Take it easy, DA BULL (got my horns back)
BITSTAMP:BTCUSDLong
by DIGITAL-ALPHA
3
DIGITAL ALPHA UPDATE - A Nasdaq HedgeGood day everyone! DA Bull here with a quick big picture discussion. The Nasdaq 100 is known as the "tech-index". It is composed of over 3,000 companies and took a major hit during the dot com bubble. However, we are finding the NASDAQ at historic levels once again. When a price hits historic levels that does not mean sell. You will never hear DA Bull say sell for that reason. In this case, I would strongly encourage folks to consider the risk/reward. World debt is at $164 Trillion. U.S. Corporate debt is over $6.4 Trillion. Rates are rising. Inflation is rising. Without getting into how historical these levels of debt are, the fact remains many debts will be refinanced soon. With those 4 facts above, we can expect profit margins of major companies to lessen over the coming years. The companies with the most debts accrued during these fiscally friendly times - with the debts still on the books - will feel the rate hikes the most. Keep in mind I'm not here to talk about systemic risk or preach to you that the sky is falling...I'm here just to discuss risk/reward. Simply based on this small viewpoint and comparing the similarities of the NASDAQ 100 right now to the NASDAQ 20 years ago, you will see a very similar patter. It would appear, based on history (which doesn't repeat itself, but tends to rhyme), that we are very close to the peak. Since 2010 the NASDAQ has given 4x returns. That is pretty spectacular. How much more can an investor expect? I'm not sure, but another 25%+ is probably off the table, unless the peak has a very VERY tall wick. In saying all this, technology stocks have proven to be great investments. The largest tech companies have almost single handedly moved the S&P the last several months. For those tech lovers, have a look at Bitcoin. Blockchain and cryptocurrency is the future. Bitcoin has been nearing a low and can prove to be a great hedge over the next few years as many go up in arms with the amount of debt in the system. - DA Bear -
NASDAQ:NDXShort
by DIGITAL-ALPHA
1
DIGITAL ALPHA UPDATE - BTC "Double Three" ScenarioHello everyone and happy weekend! DA Bull here giving you guys a quick scenario to think of as we start zoning in on $6k once again. Most folks following TA here on Tradingview realize that $6k is a major support. Most folks have gone super bearish since that ascending wedge drop from $7400. If you have been following our "Time for Tea" write-up, the drop would not have surprised you one bit. (You can check it out below where we are still publishing updates.) Here at Digital Alpha we have been long-term bullish (1 year), mid-term bearish (1 month), and short -term bearish/sideways (1 week). We might be flipping the mid-term and short-term soon, but as of now we are waiting to see the next move - likely a test near the $6k region. If we go up from here there's a good chance for $6600 (even $6900!), which will still keep our models all valid. The "Double Three" is the chart today. This is an WXY elliot wave pattern that ends with an ABCDE triangle for the "Y" portion. During the last run BTC had, this was the pattern that existed. However, we then had some sideways movement after the ABCDE breakout. The sideways movement can lead to the "X" and "Z" we have question marks next to. We leave that possibility wide open. If we see a WXYXZ then that would be a "Triple Three". Without getting too technical and creating confusion, the take home message is this might be a bottom coming up. The price movement after the bottom does not lead to a paraBULLic run, so no need to go crazy yet. Good entries is the name of the game here. I say good entries because risk/reward is something to consider. If $6k is the bottom and you start entering near $6k, then you have obviously gotten a great entry for the next run - AND this is something we can safely expect. If $5.5k occurs (we have been looking at $5.5k near Sept 20-24th for several months now - again read "Time for Tea") then your $6k entry still looks great. Sure you can try to catch the wick, but you might miss the quick rebound. Even more bearish scenarios exist of $4.5k and lower, but in the next run will you kick yourself for entering at $6k? No. You might kick yourself for entering above $10k though! Keep in mind that going to $4.5k and lower during a fast selloff will most likely last just a few hours. The major wick that pierced $6k in early 2018 only lasted a few hours. Were you asleep? Were you out to dinner? Were you at work in a meeting? Did you have access to your trading platform!? Try to realize that the chance for you to make a trade during that time frame was small. Now, what happened afterwards? Very fast price rise. Moral to the story, consider what an entry at these levels will mean several months from now. Don't try to be the guy that catches the knife at the perfect moment. Additionally, don't short the bottom! The risk/reward for shorting at $6k is not in your favor. The risk/reward for shorting at $7k and higher was in your favor. The risk/reward for placing a long near $6k AFTER we dip below IS in your favor. Keep this in mind over the next week or two. (Note, I'm saying IF you place a long around $6k to wait until after a fast selloff/dip.) Now, go have a beer, sweet tea, shandy, cigar, tequila, fosters, or whatever your summertime preference is because summer is ending, enjoy what is left of it! - DA Bear (wondering if my horns are starting to emerge...) p.s. - A 5% failure on the ABCDE would still make the triangle valid and place us near $5.5k.
BITSTAMP:BTCUSD
by DIGITAL-ALPHA
DIGITAL ALPHA UPDATE - Cheap LTC for saleHello everyone and happy weekend! DA Bull here giving you an update on one of the best investment coins, LTC. Most of us know Litecoin Foundation has just received an offer for 9.9% ownership of W.E.G. bank in Germany (most don't know the option exists to acquire another 80% for 90% ownership! link here ). We can thank Charlie for the foundation having enough $$ to pull off a move like that. In addition to the bank news, Litecoin is constantly making headlines on companies adopting litecoin: Coinbase's shift Visa card, Wirex, TenX, and alza.ca were just some tidbits over the last month. Litecoin is a solid add to any portfolio, but acquiring at the lowest price will obviously lead to greater profits. This chart shows the potential drop LTC might have if BTC continues in this direction. The price point shown here is $58. Remember when LTC was $35 and that was big news? Who knew we would be close to 100% retracement from there. Keep enjoying your weekend! DA BULL
BITFINEX:LTCUSDShort
by DIGITAL-ALPHA
DIGITAL ALPHA HODL, AUGUR - EARN SOME REPUTATIONWhat is up everyone! I am here with a pick that has great utility. When we at Digital Alpha look for solid tokens to hodl, we think of two things. 1) Will the product benefit from being a security? OR 2) Will this application be adopted? Notice I did not say, is this the best project of its kind? What matters at this time in the crypto world is how much use will a platform see or how much volume can this security generate. When thinking of Augur, many can see its use very quickly. Augur is a predictions platform and anybody can set up their own "project". However, when I see something like this, I think of the recent success of Draft Kings. Draft Kings uses a subset of analytics and users draft a team to see if they picked the best players for that weekend, meaning it boils down to a predictive market. This type of application built using the Augur platform will be a huge hit...and this is just one example. Others use natural disasters, market crashes, or political elections to name a few. With Augur, the fundamentals are there, which is the first step in deciding if a token is worth accumulating a position in. (I'm writing this piece, part of the HODL posts, because many lose sight of investing when checking out cryptocurrencies. Many tend to go where the action is - EOS for a recent example. EOS was great for making quick money, but you can also get burned quick. For those that look to invest, follow the HODL series, not the quick picks.) Second step is entry. Looking at the chart here we see Augur is consolidating. In fact, Augur's chart is less volatile than most. We don't see the typical bubble chart - pump, distribution, blowoff, markdown, accumulation. In fact, Augur is following eth/btc pretty closely (on btc and usd pairings). The magenta box is drawn to help show the general trend of price in that area. Price tends to oscillate here and use this area as support or resistance. When price enters from above we tend to test this area as support and steam roll through. Same goes when price approaches this area from below. We are currently dropping in from above, so history would say, we are headed down. The TINY volume spike seen on the couple days leading up to its platform release is a bearish sign for me as well. We typically expect very high volume before such an anticipated event. General market sentiment is also bearish. So why mention Augur in the first place?? Price has dipped down to the 0.236 fib level of the previous high/low each time, which places us around 0.0043 this time around. Many believe BTC's sentiment might change any week and I'm not sure I completely agree yet. Once we get closer to August 10th's (which will most likely be crickets) decision for an ETF approval (or eventual postponement of a SEC comment), we will see if the bull run is upon us. Regardless, the chart reads price might track up after the tiny dip here. MACD supports this since we are starting to form a horizontal top triangle pattern. An upward breakout on MACD would be bullish here. Keep REP on your sights and watch for movement around 0.0043. Things to look out for are volume and MACD movement upwards. Regardless, placing some buys just below 0.0043 would be wise for a long-term move. Hope you enjoyed this first installment in the HODL series. Other HODL like calls that I've discussed outside of the top 5 previously are NEO, ICX, IOTA, XLM. Have a great week! DA BULL
RLong
by DIGITAL-ALPHA
DIGITAL ALPHA UPDATE NEO - NEO can't stop the bulletsWhat up everyone! Happy Saturday, hope this finds you well. This one is pretty quick here. We have the candles on the 1 day timeframe. NEO keeps entering this pivotal area shown in the magenta box. You can see price changed direction at this point 8 separate times. We are about to hit that area now. Note when price entered this area quickly from above, price plowed through into the lower magenta box. This will be a move to look out for in the next few days. As a trader, if price bounces at the 0.0044 area then I'd be considering an entry. Price might very well reverse at 0.0055 (top magenta box). Either way, wait for the reversal to be confirmed before making a move, else you are just getting stabbed trying to catch a falling knife...or for the corny punch lines, getting shot instead of matrix like dodging of bullets. DA BULL
Short
by DIGITAL-ALPHA