DIGITAL ALPHA UPDATE - What the ICX happened yesterday?!?What is up everyone, hope you are having an awesome day.
This post is a follow up on the epic ICX (non) breakout yesterday. We were watching ICX very closely yesterday and never saw the ABCDE/triangle breakout we were expecting. BTC/USD saw some profit taking and was overbought (Stoch RSI indicator with the purple line on the bottom the screen), the dip resulted in a quick exit out of many alts yesterday. That is the market. When BTC dips, alts dip faster. When BTC pumps, alts stay stagnant. When BTC goes sideways, alts have fun. When BTC goes north of $12.5k, alts party (see medium article for details).
We are also following up on that article yesterday because ICX/BTC is only 50-75% the market (big range because varies day to day). ICX/KRW makes up the rest with 25-50% of the volume. Almost all of that volume is on Bithumb. WOW. That must mean ICX is making up a ton of volume on Bithumb itself...wait, what!?! 1%? 1%!!! WHAT!
Yes, ICX only makes up 1% of the daily volume on Bithumb. About $7M USD. The top 3 currencies for Bithumb are EOS, XRP, BTC and all are around $100-300M in volume. Theoretically, if ICX jumped up over $100M in daily volume, we will see life pumped back into ICON. To give you an idea, ICX is about $35M of daily volume, right now. Go ahead and add a 0 to that figure and see what happens.
This is a sleeping giant. Forget about finding the perfect entry in terms of cents. This is a hold in our Large-Cap portfolio. If you bought yesterday before the drop, you are good to go. If you have not, this chart is showing a nice entry point.
Green circles are showing a breaching of the bollinger bands. The price rose afterwards each time for the past two weeks. RSI indicator on the bottom looks good, bollinger band is breached, and fundamentals are there for ICX. This is a long-term hold for our portfolio.
Comment if you have any questions, good luck out there!
- DA Bull
Digital
DIGITAL ALPHA UPDATE - KMD Fans, We Did Not Forget YOU!Komodo Klan! Good day to you all.
This is DA Bull giving one of the best communities out there a quick update. KMD/BTC is hitting a fib level at the moment. We are showing a RSI level of "overbought" on the 1 day charts. There is some sideways movement here, which is great. It was not a hard rejection at the resistance level. Once the price breaks out of this current level, next resistance is around 0.00052050. Depending on how much momentum there is during the breakout, some prices of 0.000583 might get touched. Some Atomic Swap news might push this price over the edge, but slow and steady wins the race. Volume is not quite there yet, but volume is not quite there all across crypto. We won't see altcoins really party until we cross $12,500. Read this article for details on why $12,500.
Komodo is a great project and Digital Alpha plans to look for entries into KMD within its Large-Cap portfolio soon, but not quite yet.
Take care everyone, thank you for reading. Subscribe to our Telegram by clicking on our link below. We will provide updates to our portfolios so you can track them live, conducting raffles, LTC giveaways, hardware wallet giveaways, and ICO airdrops soon. So stay tuned!
DA Bull
#kmd
DIGITAL ALPHA UPDATE - ICX v BTC trendWhat is up everyone! I'm publishing this so people take note of a trend that is going on right now. As BTC/USD took a little corrective turn to $7.9k ICX/BTC was trending up. This is a very bullish sign. As BTC/USD goes back into the green watch for ICX/BTC to feed off that as well.
Just a quick note, take care everyone. Look out for our small-cap picks coming up soon. Subscribe to our channel below for more information!
- D.A. Bull
DIGITAL ALPHA UPDATE - ICX, Large-Cap Portfolio BuyOK, I said we had a lot of things in store for you. Here is one of many. This is our first Large-Cap Portfolio call. We will have three portfolios and we will hold ourselves accountable for our calls, unlike any other TA out there! Our three portfolios will be 1) LTC/BTC 50 trades to $1M; 2) Aggresive Micro Cap; 3) Large Cap Diversified
Our assumptions are each start at $10k each and we will keep track of the progress. This is purely hypothetical and educational. We will soon link the status of each portfolio soon.
So, ICX! We are moving 25% of the portfolio into ICX. We are waiting for price to touch the lower black line (support). ABCDE triangle formations usually result in a breakout. Therefore, this is a set-up for a trade. Buying during a breakout is recommended, not beforehand. This would mean a buy between 3400 and 3480. If price drops below the black support then the trade is called off. If you are more aggressive and buy before ICX breaches the top black line (resistance), a stop-loss is encouraged around 3280.
Remember, join our telegram below. We will be updating portfolios, conducting LTC raffles, hardware wallet giveaways, and much more! Take care.
- DA Bull
DIGITAL ALPHA BTC - DA BULLWhat is up everyone, we have our first bull signal on BTC since the peak was touched in December. We closed our price on the daily chart outside the upper resistance. See green arrow. So what does this mean? Not much, it is just something to take note. We will continue to monitor the market as always and give our two cents when appropriate.
Also, for the more advanced traders out there, take note of the LONGS and SHORTS for BTC. All the TA's, including us at DA, thought BTC was dropping to $6k 24 hours ago. What happened!?! There was a massive liquidation of shorts. This is why as a trader you must always think like a whale. The incentive was to pump the price to make easy money, so that was the path taken. The path of least resistance.
We are still not in a full blown bull market yet, stay close.
- DA Bull
Onward and Upward: Fibs Don't Fib Series, BTC In case anyone wonders what it's going to do, it's going to go up, and digest the big sale like it historically always has. Under 15k is not a bad time to buy right now for medium timeframe. If you saw my original Bitcoin Elliott Wave and acted on it and stayed patient, you are doing mighty well. Some thing with gold. Gold will be the next to have a big pop but btc will continue upward. The market is just getting heated up. Keep Hunting.
XDN/BTC - Bittrex Go GET It ON TimeDear Friends
Plan your trade + Trade your plan + keep your losses to a minimum + Buy back in deep = Profitable Trader
Stop loss not needed but Recommended
Sk
Comments Are Appreciable
Jazak Allah Khair
LTC Entry Point - Goal 200Considering the price that btc beeing envolved, summed with the goog purpose that LTC came to run against BTC we can see his price only getting into high tendences, now we are in the next high tendence following the elliot wavers 5 moviment, after we beat 200 that a sales point for the next correction after that we might see more analysis to see what will happen to LTC
$MCO CONTINUING UPTREND--KEEP AN EYE OUT, CONFIRM BULLISH TREND?Keep a careful eye on RSI as MCO continues its bullish climb. Monaco is about to hit the third leg of an already massive bullish run with some more room left to grow. If $MCOBTC falls out of the trend or breaks support, confirm price reversal and cancel trades.
To tha moon!Shopping for Bitcoins in the wall street? That's your one and only choice for now, and if you're bullish on Bitcoin this is it.
This stock have been hammered from $10 to less than $0.1 last year, and it looks to be finally bottoming here with a break to the upside.
Bitcoin ETF launch could blow this straight to the moon with all the hype, yet only retracing less than 20% of its value from the peak.
BTCS does mining, ATM, wallet, eCommerce & anything related to Bitcoin, so its fate is really tied to it. If Bitcoin doesn't succeed, so will the company.
The final target will be $2.3, but I will keep selling half upon it doubling on my purchase price..
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Warning: Given the price and speculative play in nature, only bet on those that you can afford to lose and keep the position small.