ENIGMA
ENG set to break outEng has been following an elliot wave perfectly. Right now wave 4 is cresting right about wave 1, if it drops below it will fall out of elliot wave and all bets are off. It has a very strong support floor, though, so I don't think that's likely. Right now is the time to buy (highlighted in green), then ride the 5th wave up as us traders do. Enigma is traded on Bittrex and Binance, which is helping boost visibility too. Expect 10% in the next week at the very least.
ENG BTC - Bears may take over below 3350Quick sketch to suggest that ENG may now fall below its restraint around 3350-3370 depending on descent of the current downtrend.
Descending triangle, and the lack of push in previous points of the triangle would suggest the bulls have been exhausted for now and the bears will take over as we move into the afternoon.
Opinion not advice.
Stand clear - Future is Nexus Earth - The whole package in oneNexus Earth has the technology and potential to be the coin for many. Nexus is decentralizing the decentralization and launching tech into space to support the decentralization. With advanced development on "Smart Contracts", privacy, Quantum Resistance and real decentralization Nexus will hold together in one coin all that is needed in this space.
"Nexus seeks to Free humankind from centralized systems. Merely being decentralized is not enough. We must decentralize the decentralization. Using software and hardware, Nexus seeks to build the foundation for the most decentralized system to ever be developed: Nexus Earth. This network will empower everyone from the first world to the third world. Not everyone has money, but everyone has time."
Mining Channels: Each channel reinforces each other to prevent 51% attacks on one channel forcing attacker across multiple channels
Hashing: SK-1024, SK-576, SK-512, and SK-256 used in all hashing. Pure SHA3 using Skein and Keccak.
SK-1024: Using Skein-1024 and Keccak-1600 for Hash PoW to produce a 1024 bit output hash used for the block hash providing the highest security.
Prime: Searching for Dense Prime Clusters as PRIME PoW, finding these clusters of numbers that are ~308 digits to verify prime density in large numbers.
Keys: 571 Bit Private Keys compared to 256 bit in other currencies. Using NID_sect571r1 as the algorithm.
Difficulty: Calculated with time overlaps and true % over bounds, using weighted block average over past 5 blocks.
LLP: Lower Level Protocol as a template protocol to allow any protocol to be created with ease without need for repeated network programming.
Core LLP: Protocol responsible for time keeping as an advancement to NTP, keeping clocks on the network synchronized within a few seconds of one another. Maximum clock drift for Nexus is 10 seconds.
Mining LLP: Dedicated Mining Protocol outside of JSON-RPC Server to allow the greatest performance for mining. Protocol can handle 5k + connections allowing solo mining of any magnitude.
No Reward Halving: Rewards are calculated along an exponential decay curve to slowly reduce the value of each block rather than shock both miners and the market with block reward halving which acts as a rudimentary decay model.
Released Reserves: Decayed Amounts are deposited into the Reserves for each channel, preventing a miner from being able to mint more than the projected amount while difficulty is compensating to their amount of computing power.
Fractional Rewards: When reserves are below given thresholds, the mining reward is then based off of the time it took to create a block preventing a miner from ever being able to deplete the reserves.
Decentralized Checkpoints: All blocks must root from the most recent checkpoint which is declared by fitting into a timespan. This allows checkpoints to be automatically created every hour, without the need for any master node or checkpoint broadcast.
Trust Keys: Interest rate is increased the more a node services the main chain giving incentive to active stakers. This also increases the cost of an attack for in order to attack with a trust key it requires time to get it to the same threshold.
Nexus Proof of Stake: Proof of Stake system based on the Peercoin protocol heavily recoded from the ground up utilizing energy efficiency threshold, trust keys, and logarithmic weights to create the fairest and most stable Proof of Stake system to date.
Developer Commission: Built into the protocol levels, gives a small decayed amount to developer addresses every block over 10 years amounting to a total of ~2.5% after 10 years, and starting at ~1.5% as a way to bring the benefits of pre-mines, without the risk to investors. This means developer account has no control over the currency as it will never be of a high enough %, but it allows funds to be distributed to development removing need for corruptible foundations such as the Bitcoin Foundation.
Enigma (ENG) is heading to the MOON!Enigma ( ENGBTC ) is ready for a breakout
These patterns come up time and time again. The reason they come up is because of the way whales accumulate coins. They use bots to do this which causes very specific patterns to emerge. You can take advantage of this as a trader if you keep an eye on the coins.
The pattern is as follows:
Huge impulsive increase in price, supported by huge volume . Then a (sometimes long drawn out) consolidation period where the price action usually falls into a symmetric triangle (sometimes it's an ascending/descending triangle too). As the price converges to the apex of the triangle, the volume drops off. Usually the price will go through an A-B-C-D-E 0.49% wave, followed by a A-B-C correction with a shallow C wave, because there's so much buy pressure. Then we get another breakout after this correction is complete. I've witnessed this with so many coins, but here I'm publishing my first idea ahead of time to show that it really is happening.
Whales are accumulating A LOT of altcoins at the moment. If you are smart, you can spot it and take advantage.
Enigma (ENG) - Buy opportunity coming upFeeling lazy, this is going to be a short one.
- This is a 4 hr chart
- ENG finished 5 waves, we are now in correction
- Buy in at red box
- Target is the labelled green box on the top
(Previous targets for subwave 3 & 5 are the blue boxes)
*Please do not blindly follow my analysis. As a matter of fact, if you blindly follow anyone's analysis, you most likely don't know what the heck you're doing.
Good luck trading!
Enigma, late entryPrice action already holding above 25day EMA (multiple touches) and is now about to have macd cross, looks very bullish. ADX picking up, directional DI looks good.
A few people who know more about fundamentals than me are high on this project for 2018. I believe it to be advertised index funds (from individuals) than you can then buy into. In a space like crypto where traders are making mega bux it makes sense.
Enigma (ENG) - Nice long therm trade.Centralized systems are flawed - due to their structure, they can lead to misaligned incentives, corruption, and security vulnerabilities. Blockchains can help solve these issues, but they suffer from two major flaws of their own: scalability and privacy. Current computing capacity on blockchain is slow and expensive. In addition, sensitive data cannot be stored on-chain. As a result, most data must be stored off-chain in centralized databases. Enigma’s goal is to enable truly decentralized applications that do not share the vulnerabilities of centralized apps.
Look at the chart, what do you think ? Im in!
ENGBTC Long Term Investment Engima is my secret gem the one I stay I pour some of my profits into, I bought the majority of my portion at 18k satoshi because I really believe MIT is in the forefronts in this crypto-revolution. We've all heard of secret contracts which is the main selling point of Ethereum 4.55% , however Enigma's protocol brings to the table a "secret contracts!"
Enigma broke out of Cloud support so once it starts moving sideways I will add more to my portfolio.
So what is ENG?
"The Enigma protocol is a second-layer, off-chain network that aims to solve the two biggest problems for blockchains: scalability and privacy. By enabling secure, decentralized data computation and exchange, Enigma allows blockchains to truly fulfill their powerful promise."
Total suply = 150,000,000 ENG
Market cap = $387,721,712 USD
Volume = $34,031,900 USD
The low volume might discourage some, but if want to invest rather than trade, I really urge you to considering adding ENG to your portfolio, the will have a Master-node requiring ENG token.
I urge you to look into the website, white paper ( surprisingly not a difficult read), and development team.
Bullish Convergence on ENGFib, MACD, RSI, Support and Trendlines all indicate a bull market. I believe the price will continue to trend upwards. ENG is a highly innovative token with a solid team behind it and also has great potential as a disruptive technology. I view this coin as still very undervalued by the market. I am trading this coin to increase my holdings of ENG. I am trading with 20% of my ENG holding. The other 80% I am holding long term.
ENGBTC Rising wedge + top of a pitchfork - short term correctionEnigma has had an amazing bull-run the past few days, but is seemingly running out of momentum. The price is forming a rising wedge while nearing the top of our pitchfork-trend. RSI is also telling us that the higher high has been made on lower momentum, indicating a short-term reversal.
Shortterm traders might look to place a stop-loss, but I'm holding enigma for the long term and will not be selling. Rather I'm looking for another buy-in at the median or bottom of the blue zone of our pitchfork.
Enigma sell wall is very thinI have a position in ENGBTC from 95k sats but i'll be looking to add more on the next breakout. If you check the buy wall on Enigma you'll see it's huge while the sell wall is very thin i.e. no one is selling!
This demand will drive the price up nicely, buy on breakout or accumulate along the bottom of the trendline.
For swing traders, the fib levels hold very well and can give you 5,10 and 20% swings.
DYOR, not financial advice, your capital is at risk.
ENIGMA (ENG/BTC) 64% PROFIT SETUP, BREAKOUT=POSSIBLE 164% PROFITEnigma is a great project lead by many smart young MIT Students and advised by professors, and investors. The project itself is new and is headed to break resistance at 26000 sats.
Entry: 15500-16000 Sats
Targets:
26000 Sats: 54% Profit
41000 Sats: 164% Profit
Good Luck.