FACTOM The significant outperformance seen recently, which ended in 300% up, is now reversing.
A possible drop below $11.80 would lead to another lower low and to a more bearish outlook.
Traders are selling their holdings to record profit from the months movements, this can be followed by even further decreases and selling.
Factom
What about Factom (FCT) today?Okay, so today about another interesting altcoin - Factom (FCT).
Here, the positive news mostly. It continues to be one of the most prosperous altcoins during the past weeks. Seems to go through a growth spurt unaffected by the Bitcoin bear market.
FCT price, recovering from the recent downs, has now got boosted from the announced partnership with online video service Yooya China. Therefore, its price continues to climb above $12, reacting to such news.
At the moment, the price of it is valued at $12,23 USD , however still being in the green zone. Experiencing a bit of a down from the price of $14, 36 USD, which was reached on Monday 10th . So, to sum up, in the following 24 hours it is expected to be in the price range of $12,3-15, hopefully to be in the green zone. So, what do you think?
Bullish divergence + Triangle.Chart is self explanatory.
My last 2 trades was closed with little losses, So if this one works we are good.
FCTUSD factoid wave extrapolation Let's assume the channel holds and the timing and wave lengths, and percentage gains are equal to the previous impulse waves on the last bull run; we have ~250$ factoids in February 2019 and ~2300$ factoids in May 2019. This chart is just for fun and carries many assumptions, although I believe it to be within the realm of possibility, this is not a prediction.
Factom short term channel setup If the channel passes the next test a jump to .005-.006 range likely, strong support/resistance historically around .0042
FCT/BTC 4H Chart Factom has exceeded even the bravest of expectations this month. I have previously mentioned that it was in a very oversold territory and that it was natural to retrace back up but boy, was that a run! Honestly, I am pretty down at the moment on this trade as I have gotten into a short at the 190k level previously looking at the TD 9 - 1D chart:
Glad I could short on Poloniex as it went to 330k there so I am at still at a loss at the moment but looking at this chart, I think FCT is going down and it will fly like a brick once that blue trendline support is broken. There is a bearish ascending wedge in play at the moment, TD 9 on the 4H chart at a sell signal, RSI and MACD pointing into no specific direction.
Looking for it to go back to 160k level at least or the 0.618 retracement.
FCTBTC - potential bearish CypherAs charted, FCT could perform bearish Cypher.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Factom ideas part 3A bearish diamond formation incoming. We should watch for the ascending trend line to be broken to see that diamond has come. Otherwise, I am still bullish.
Factom ideas continued - part 2It seems like jump (yellow circle) to 330 was an early jump, we corrected back to 200s and the again corrected to the channel of last flag, it seems that we are probably going to see false jumps and false falls until we get to the desired point. Again, i don't know where this point is. Anyway, I don't think this bull run is a manipulation. with fundamentals of factom I believe it deserves a top place. This is not a suggestion for investment, just my humble idea merged with my wishes.
Factom $FCT TA IdeasIt seems like an almost perfect example of TA that works on $FCT' with a bull run. Everything started after the announcement of real-estate company agreement, but if you go further down the rabbit hole, there is more in Factom. You need to read Factom website and different sources for it.
I started to draw this with the first flag, but than I started to understand that it will have more flags after I saw the second flag. Upward trend is not broken until now. It seems that it's not going to be broken until Factom reaches to desired position in Crypto Market. Where is the desired point? I don't know obviously, we will see it together.
FCTBTC Cup&Handle will help to breakout from Descending wedgeFactom is in the Descending wedge and can breakout of it upper edge in the near future.
The current price range looks like a solid support, which in the past has been a good reflection of the market decline and has become a turning area for building the recent wave of growth.
At this moment, indicators and trend analysis of the 1-hour timeframe chart suggest that Cup&Handle which is supported by Ichimoku clouds will help to break out of the descending wedge which can be seen on the 1-day timeframe chart. This will start a new wave of growth
If the price drops below 0.00088, then the development of a positive scenario for this asset may take much longer time and you should follow our updates.
Factom/Bitcoin (FCT/BTC) LongThe information is presented on the chart :D
Also forgot to mention you can also take profits on the white boxes which are presented as resistance for now.
Can you do this #Factom #FTC ? You should, it's about time!Another followup on an oldie. As many altcoins this looks like it's trying to make a move up to regain lost levels.
Added a ghost pattern as an example and what I would like to see in this formation...
FACTOM: MILESTONE 3 REACHED & US GOV GRANT - PROFIT = 54.73% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of June 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 54.73% PROFIT!!!
The increase in price may also be explained by positive developments including:
May 2: This is the third and final milestone for the Factom Blockchain Protocol as outlined in the white paper.
It includes several protocol changes and a networking change that gives us the ability to do further upgrades on the following:
Authority Servers - No longer ran by Factom Inc. Distributed across 9 Countries.
Confirmations In Seconds Instead of Minutes - 600X improvement
More Transactions Per Second - 5X improvement.
Merkle Proofs More Accessible - Proof of Existence made easy with the factomd API.
Distributed Peer to Peer Network - Resistant to denial of service type attacks.
Graphic Control Panel For Nodes - Easily see the activities of the Factom network.
BIP 44 Wallet Support - Factoids can now be integrated into a wider range of wallets.
Robust Testing Infrastructure - New public test net and suite of testing tools.
Support For Multiple Blockchains - Bitcoin and now the Ethereum network.
Jun 18: Factom Blockchain Project Wins Grant to Protect US Border Patrol Data.
The U.S. Department of Homeland Security (DHS) has awarded a grant of $192,380 to blockchain project Factom to support beta testing of a platform aimed to secure data from Border Patrol cameras and sensors, the agency announced Friday.
The price increase is the result of the positive developments outlined above and a recovery in the crypto markets.
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
FACTOM looking to buy for a longer term playBids at the bottom of uptrend. Will also play the breakout of current downtrend.
Small position at this level and looking to increase position size on one of the above outcomes.
LONG from 16.25p - 30p target - 200ma moving up - 20ma holdin FFWD from 16.25p but fully aware on the possability of a touch at 200ma if no news comes before then.
Very bullish on the setup and totally believe that if we do see 15p ever it will be snapped up very quickly.
Factom VS Bitcoin Breaking AboveFactom continues to rejected the uptrend trendline and today FCT/BTC finally broke and closed above the downtrend trendline which suggests the beginning of a correctional wave up or a trend reversal.
The upside move could be either strong a weak depending how price will react on the fist strong resistance at BTC 0.0038. If it will be broken with confidence the next wave up should result in a growth towards BTC 0.0055 are, which is the key resistance.
Although it is unlikely for the Factom to continue the downtrend, the worst case scenario could be the move down towards BTC 0.0025 support.
Accumulating Altcoins Part VI: Factom (FCT/BTC) - Edge to edgeWeak bullish TK cross, Close in the cloud. Target is the flat kumo line. 0.0051 BTC.
100% profit guaranteed.
