#FCT #Factom patterns updated in more detailed viewThis is not an advise or prediction, it just shows the patterns up untill now and as it seem it will soon break
FCT
Factom/Bitcoin Bullish GartleyHi guys! Over the next few weeks we are going to be looking more in-depth at using harmonic patterns across different alt-coins against bitcoin. After carrying out research we found that harmonic patterns can be very powerful and consistent in this developing market. In this example I am looking at Factom against Bitcoin. Price is at the lower end of the market cycle and at a key level of support. This trade will be executed just like any other, with a TP1 level at 38.2% and TP2 at 61.8%.
I have also thrown in some bullish divergence for those who have mentioned they like the second opinion before taking an entry to a pattern.
Gartley Ratios
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
X-D: 0.786
$btc $str $xlm $fct $xcp $strat $clamJust looking at a few things, only a few things look good. Some charts youll need to make your own, then full screen, then zoom in to see what i do and why, or just dont bother. charts/usd look mehish compared to btc. recent /btc charts in xcp, fct, strat, and others are holding /btc values since early nov, i think this is a good sign, ie compared to oct 1st to 15th values /btc. ppc is also doing ok, but only more recently, its usd value made an ath now sitting near support. Ive shilled a few things before, one main thing to look for is btc and usd ATHs, they are great, as can be seen by btc, ltc, eth, dash, and many other coins when they pop their usd ath. In short term high profit scenarios imo on xzc, xcp, ppc, and perhaps ltc/xmr/nxt/ardr if they pop their aths and keep moving. Good luck friends.
lots of alts look like crap as well, xrp, bcy, 0zr coin, all making new lows/btc (ie cant even hold usd value)
Some alts like str, nxt, xzc, eos look alot better than some of those i charted, but why bother with the great uptrend easy coins.
$FCT next targetHead and shoulders formation spotted on 1D timeframe. Possible targets/entry levels 1 and 2 on chart.
FCTBTC TradeA coin that has a working product and partnerships. Horribly oversold and due for a nice run.
FCTBTC looking like a short for tomorrow and a long for the weekJust gonna continue off my old chart sorry if it's getting a bit cluttered.
If this chart turns you a nice profit, please consider dogenating to the "PoloVita gets to keep living indoors" fund. It's a good cause.
Doge address: DM2whCvsuM4Lw6xnJnuLumNsLF1jboF4WU
Btc address: 1G7wcbpMGhqSZzyyurCFZ1io3QNp51zvL1
FCTBTC hourly bull gartLooks like it should be a pretty simple and straightforward day trade
If this chart turns you a nice profit, please consider dogenating to the "PoloVita gets to keep living indoors" fund. It's a good cause.
Doge address: DM2whCvsuM4Lw6xnJnuLumNsLF1jboF4WU
BTC address: 1G7wcbpMGhqSZzyyurCFZ1io3QNp51zvL1
FCT USD Idea - use it to inform your FCT BTC tradesTrying out my charting for FCT.
I like to chart in FCT-USD pairs as it removes any BTC fluctuations and price action aligns better with fib levels.
please note that this is not a sound prediction just an idea. any trading decisions should be made on your own.
What i would do is set up alerts around the key support resistance areas - shown in green and red boxes here and see what the price action and indicators show in terms of reversal patterns.
Please let me know if you have any questions or comments.
Factom is close to support zone.Factom's bearish trend may continue for few more days but not for very long. Good buy zone is at 0.0054/56 BTC.
FCT Trading ScenarioHello,
Today I will analyze the Honesty record keeping coin named Factom (FCT).
Similarly to most altcoins, FCT/BTC took an important (but waited and quite due) correction after going from 220k in March to its all time high at 1465k in May (6.6x growth). Today FCT/BTC trades around 600k which represents 60% in retracement.
But with BTC coming back on its feet and with the current chart setup of STEEM, good opportunity of trading could come.
Indeed, on the chart you could see that FCT/BTC is inside a descending triangle which is a bullish pattern because it tends to break upward. Factom bounced on the bottom of this triangle several times on the last month. At this level as you can see we also have a old 0.382 Fib resistance (dashed black line) and also a newer 0.786 fib resistance (cyan line). This triangle should resolve before mid of August.
If the triangle brokes upward we may see an uptrend in order to test 675k (grey 1 fib resistance) and then 740k. If one of the triangle breaks downward FCT may go down to 500k (at the 0.618 Fib resistance). If this support doesn’t hold we may revisit 440k.
On the indicators side, the mix of OBV, ADX/DMI, RSI , Volume Zone and MacD gave a small buy signal one month ago when FCT/BTC tested the bottom of the triangle at 550k.
In conclusion, It may be a good time to buy some Factom (at the bottom of the triangle after a bounce for a more risky bet or when the triangles break for a safer buy).
Factom - time to break the downtrend?FCT coming up against the strong downtrend that started from its all time high. It has failed to break through on 3 occasions within the past few days and is gearing up for the 4th attempt. Sine wave indicates the natural movement will be up and through the downtrend. FCT established some bottom support on the black line trending upwards
Factom still in accumulation stage, descending triangle formingFactom like alot of altcoins lately is one of those tokens that has a great dev team, great potential and great product but has been slowly going down in price due to a lack of news. In the chart you can see a descending triangle forming, while generally bearish, in my opinion based on fundamentals wont last long. Ive been accumulating in the 600-620k range and if it does break out, expect targets of 750k, 850k and then the FIB line shortly thereafter. Sell if it break below 580k with volume.
Seeing a Elliott wave playing out in FCTThis coin is one Microsoft azure I really like the Elliott waves that I see playing out in this coin due to the breakout in major resistance followed by a pullback to breakout area now I personally think this just confirmed the bigger move. Should fractal out nicely! if you wanna learn technical analysis check out my website and video course links in my BIO thank you!
FCT MASSIVE move for a LONG TERM analysisTechnical Analysis
FCT has finally completed it's first 2 Weekly waves and is now preparing for the master grand Daddy wave. I wouldn't buy as of yet, but I would be monitoring FCT once it shows it's bullish momentum again, because once it DOES and buyers begin to step back in again we can get a potentially HUGE move with FCT over the course of 1-3 months. Happy trading boys :)
Factom next push up?After a bearish divergence, i think its the perfect time to pick up some more FCT. Its slowly turning bullish and i expect a big move this week. Good luck!
