Factom
$FCT - Looking for some big moves. .02 target in short term. FCT has been hitting fib ext levels near perfectly. Current momentum could push this up to .02 very shortly.
FCT | Cross Market Fractal | Huge Move ComingFactoms similarity to Dash's pump following its multi month breakout is scary. Enormous move coming, confirmed by previous weekly close on FCT.
FCT uptrend for the next 24hCurrent trendline as support will help FCT find it's way back up since the recent drop. Indicators support the possible bullish behaviour. If FCT breaks the current resistance this line will become the new support.
Factom FCT Working with Japanese SSN ALL ABOARDALL ABOARD POLO MARGIN PUMP EXPRESS. Most bullish news I've seen in my life for a single alt. Not much TA needed for this one its a done deal
The first thing I hear when the topic of blockchain is brought up amongst plebs is the idea of confirming and securing private/public records. SSN fct... jesus christ. FCT team got a priv investment of around $10m for their development entity alone (exluding token sale). This perked my curiosity a few mos back (investors included Tim Draper).
kaula.jp
TOKYO, JAPAN (June 13, 2017) – Kaula Incorporated (Head office: Chiyoda-ku, Tokyo, Representative Director, Katsuji Okamoto), a blockchain platformer, is pleased to announce that Kaula and Atrris Co., Ltd. (Head office: Setagaya-ku, Tokyo, Representative Director, Masanori Yasumitsu), who has been developing personnel, payment, accounting and medical logistics systems, have agreed to jointly develop a “usage record management system” against data involved in the above applications using Factom blockchain. Using this system, you can retain authenticity and tamper resistance of log records generated when the Japanese social security system’s data is processed – when information is added, updated, deleted or retrieved in mission-critical applications. Kaula and Atrris will also jointly promote business around the usage record management system.
ITS GAME OVER BOYS
FCT ABT TO DO DONKEY R*PE UNTIL $1B+ MARKET CAP, WILL MAKE BTS LOOK LIKE A JOKE BABAY GGGGGGGG
Factom breakout to test ATHFactom just broke out of a bullish pennant, flagpole indicates a test of the ATH. May break through if volume is there.
Long Analysis | Demand increase for FCT Factom. Target upto 8x. Cyan lines are targets, they are 2x, 3x, 4x and 8x.
I aim to take 10% profit at every price double.
If you trade breakouts and tests, buying in at A will cover you with stop below support.
I take profit at A2 for 10% , 40% at B (20% above and below) and 50% at C with trailing stop to cover at B.
I've added to additional pieces of analysis for multiple time-frames.
Analysis
Price action broke above structure and returned to test the breakout, with price closing above the structure of the triangle and on horizontal support of 0.00456021. Due to increasing demand, mostly shown by the increase of bitcoin and stagnation of price, which creates this structure of support above the break, it can be assumed that there's a high likelihood of a continuation in trend.
Looking at the closer term, daily time-frame, the structure of long term support becomes more apparent. It's also clear to see price action support outside of the triangle, testing both breakout of pattern and price action. Patterns have higher chances of success if horizontal support and pattern support coexist.
The 4hr time-frame, over the period of 50 days, shows clear accumulation/distribution. This is evident from horizontal long term supports and price action. The black line is the BTCUSD price, it's used as an indicator to whether price is moving with or against Bitcoin. Until recently Factom moved opposite to Bitcoin in regards to a pump, FCT would always fall against BTC; when FCT moves with BTC, while at a key pattern/price action support levels, this can increase the chance of success.
Factom showing potential entry pointFactom really is gearing up on this season... This time we should break up clearly from the 0.007 price and then we should moon hard.
FCT - Welcome to the Future of Data StorageFactom, the giant decentralised and immutable database is about to pump. Protected from manipulation and ignoring interpretation, it will be a big player in the crypto world for many years to come.
Data storage, record keeping and big data are important parts of the future.
Entry: 0.0054 - 0.0063.
TP1: 0.0087.
TP2: 0.014.
TP3: 0.0225.
Stop-loss: 0.0052.
Risk/Reward: 2.59:1.
Please like and follow if you agree with this idea.
Good luck!
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting some updates as I have been doing in my previous posts, but if you want live updates, check out my signature and join my Telegram Group.
Bye Bytecoin!!!!Well, Bytecoin will be in the near future the #2 cryptocurrency please remember me!! Bye Bytecoin!!!
Factom/BTCBTC will correct after strong rising impulse, so FCT/BTC will be rise. Wait for breakout ressistance line for confirm long position.
factomi bought a little with a tight stop loss at the recent low.
inv a&e could push us down farther....
recent double bottom could push us up, also trapped in long term lines...
a safer trade may be to sell under the horz support, and buy above the resist line. better to observe for now.
Factom/Bitcoin Ascending Triangle.Ascending triangle pattern with breakout and test of structure. If the triangle is re-entered and breaks lower, the trade will be invalidated.
Factom: chance to enter the bullish trendPair recently tested psychological round number which is 5k. I marked with three orange ticks something similar to triple bottom. I believe that after third attempt has been rejected by market there is good chance that pair will continue bullish trend and will try to reach another significant level which is 0.007400.
factom may have topped factom may have topped here, there could be more upside, in fact the longer term trend, going into fall 2018, has a top forecasted for .025 area, so over the long term, factom looks solid, but there may be better entry for longer term long position.
Harmony For Longers :)Factom is a solid company with talented people. Always coming up with new ideas.
Now it's time to long their currency.
Fundamental
About a month ago Factom released a new product, Harmony.
Watch this video and you will see why I am bullish:
www.youtube.com
Especially the part inbetween 7.00-7-20.
"We have three very very large financial institutions that we are in contract negotiations with.."
This could be big, and make my sell area hit very easily.
Technical
On the longer timeframe I am looking at a channel. And I want to sell at the top of it.
It has broken out of a triangle with good volume and we have lots of support areas below the current price.
On a shorter time frame:
I see 3 support lines and I will sell off/stop loss some of my position for every line that is broken.
Weak Line: Sell off 20% if this line gets broken
Strong Line: Sell 30% if this line gets broken.
Even Stronger Line: Get out completely from the trade.
Buy (0.0055)
Sell (0.012)
Stop Loss (See Above)
Factom breakout to continue?Factom/BTC has built a nice triangle formation (Red lines A and B). Watching for a significant and sustained breakout above Line A. We recently broke through the 50% fibonacci retracement and trend line 3. We may consolidate a bit on line A before testing resistance at the 35% retracement and then support line 2. Building support on support line 2 and testing 23% will represent a strong breakout from the red triangle, indicating higher highs.
Check out the red X marked on the MACD and RSI indicators at the bottom. When the blue line has a strong upward divergence we see a prolonged price move upward. Concurrently, the purple RSI line is is breaching above 70. Both of these indicators occured just as the price shot upward away from the 100 day moving average (pink line) We see all of these happening to Y right now.
If bitcoin continues to consolidate we could see support built above line 2.
If bitcoin breakouts out we could see the price head back into the triangle
