Watch out for getting into hype
We can see the supports.
CD projekt RED went insane with the last E3 conference with Keanu Reeves. Everyone is hyped on the Cyberpunk project. A lot of people wants to buy some stock of that company to earn a lot of money... but whales only wait for a moment like this.
You also can see that on 4h and 1d charts we can see bullish trend bouncing of the red line... but the trend is losing a little its momentum as we can see on MACD chart. Maybe its only a correction ... BUT!
BUT if we look at weekly chart we can see the Double Top with a little bulltrap on the second top... and looking on MACD it's very likely to go back to 162 Zlotys (trend support) or 123 Zlotys (second floor but for opposite trend if it's going to break 162 ZL, maybe its forming a bull flag?)
To sum up... I'm watching this company for some time and it's very interesting to see what will happen. Will the hype push it to the new ATH or a lot of people will be eaten by whales? Let's wait and see.
Hype
Tesla-- bullish above the trend lineTesla has formed an upward sloping trend channel and is currently at the bottom of the channel.
It's currently at a minor resistance level, so it could break the channel Monday. If it does, look for breach of the 203-205 support zone to confirm an oscillation down to support at 188, forming a triangle chart pattern.
Alternatively, we could bounce off the bottom of the channel toward a stronger resistance zone at 220-223. This resistance zone repulsed Tesla's attempted move higher on June 11-12, so I'd expect a channel break here. The highest I think we go before breaking the channel is resistance at 230.
Tesla is on track to deliver a record number of vehicles in June, which could work as a catalyst in its favor. On the other hand, it has massively negative earnings and horrible analyst ratings headed into a market downturn. Yesterday the US government denied its application for tariff relief, and this has been a year of bad personal publicity for Elon Musk. Personally I wouldn't buy Tesla; I'd just look for the optimal time to short.
When will the SHOP craze end?SHOP has been on a tear since the crash in December last year, currently up 160% in the last six months. It’s easy enough to cry ‘bubble’ at a glance, especially when zooming out reveals a jaw-dropping 1600%+ return in the last 3 ½ years. The stock is experiencing growth that surpasses even AMZN, and in most ways appears to exhibit the same exponential increase in earnings.
Comparing a bit, Shopify has not yet reached the revenue that Amazon was pulling in back in 2005, but at its current pace this will be overcome within a year. Prior to that period in the early 2000s Amazon saw similar increase in its stock price, followed by a long period of volatility and decline until half of those gains had been clawed back. It takes time for the gamblers to move on and for more stable investors to show up and provide a bottom. This is the growing pains of every wildly successful investment. Shopify is no exception to this principle.
Currently where it sits, Shopify is twice as expensive as Amazon was at a similar point, but this makes sense given that we’ve seen the outcome of Amazon already and expectations are increased. My reservations about SHOP are entirely due to the pace of this stock’s increase, not due to the fundamental reasoning being wrong.
I feel that referring to SHOP as a bubble is akin to calling Bitcoin a bubble. It may be experiencing a bubble for the moment, but it’s a natural event when logarithmic growth collides with linear systems. Events like this don’t end with the bubble bursting unless the timeframe of the evaluation is as short a duration as the hype and despair. The expected outcome for this stock is very different based on if we’re speaking of six months or six years from now.
I’ve marked a few spots on this graph that I think are worth watching. The top arrow represents the line of the current trend. Breaking this means we will likely drop to the second arrow for a small correction.
The pullback I’m referring to though is quite a bit larger. The 3rd and 4th arrow down are where I expect us to return to, and the point at which I would be willing to invest in SHOP for the long-term. The 3rd is the 200-day MA which would represent another solid leg up in the price, while the bottom is SHOP’s lowest trend-line which would come of frenzied selling.
Overall from the numbers SHOP seems an incredibly solid choice, but I cannot buy into hype. Every moment of excitement is counterbalanced with despair, and the tab is being run up very quickly here.
Altcoins Market CapitalizationImportant announcement
All the crypto community are waiting for the Altcoin season. I officially declare the season has already started since the beginning of 2019
Since the beginning of 2019 until April
ENJ 600%
EVX 650%
OAX435%
DLT – 500%
THETA 335%
RVN-525%
HOT 320%
BNB 290%
KNC 215%
APPC APPC 160% and 120%
ONT 134%
TRX 180%
EOS 136%
The second season this year has already begun
The results of the coins that made more than 100% since May
TNT- 290%
GXS - 220%
AST – 195%
CELER - 194%
DENT -183%
BCPT -144%
BTT -150%
CELER - 194%
DENT -183%
HOLO – 103%
LINK- 128%
MITH -115%
MTH-100%
Nebulas -100%
REN -100%
SKY -133%
Storj – 125%
XEM -100%
XZC – 120%
Follow my social networks
I work for you my friends
Understand the hype around Binance Chain & Dex and its effectsThis is my first technical and fundamental analysis of Binance Coin (BNB).
I also take the opportunity here to draw a parallel with another altcoin, TOMOCHAIN, not yet available directly on Trading View.
I have shown by vertical lines each Burn of BNB that occur every quarter since 10-18-2017, 6 Burns now reducing the total supply of BNB tokens by 5.41%. This makes it possible to note graphically that there has been no influence on the rise of the course so far!
Binance in its whitepaper promises the destruction of half of the BNB futures. The amount of BNB to "burn" is based on the number of transactions made on the trading platform in the last 3 months. Thus, after each quarter, Binance burns BNBs according to the overall volume of user transactions.
What is, on the other hand, very significant, and this contrary to most other cryptocurrencies, is that the price of the BNB has dissociated itself from the Bitcoin price (master-standard of cryptos) as from 03-20-2018, on the rise!
For almost a year now, although BNB's price remains closely correlated with Bitcoin's share price in terms of variations, it still retains the difference in value recorded by the sudden rise from 20 to 22 March 2018.
This "hype" corresponds to the first announcement by Binance of the creation of its own blockchain for BNB, so named BinanceChain, and therefore no longer a "simple" ERC20 token of the blockchain Ethereum!
But also already, the rumor spoke of a new exchange platform for Binance, visually similar, but decentralized! What is called a Dex and which allows customers to own their personal private keys, a safe asset. So, there was already talk of a Binance Dex, adding FOMO to this hype.
However, at the end of January 2019, Binance's second more precise announcement about BinanceChain and BinanceDex, resulting in a new hype / pump that I have framed on my chart!
Good news for those who have already invested on BNB (or on TOMO as I will explain), they take advantage of this announcement effect.
BUT for those who would be tempted to invest on BNB (and TOMO), I don't necessarily advise you in the immediate future!
On the one hand, I highlight in red the presence of a possible horizontal resistance that has just been reached, constituted by the previous big support broken November 13, 2018!
In addition, I also highlight the RSI 14 oversold (> 70) in the last 10 days, which refers to the hype of the month of December 2017... As much as there can be beautiful green candles to enjoy, so keep in mind the catastrophic result as of mid-January 2018! Periods of pure speculation are dangerous for your wallet.
LTC/PAX Waves Patterns! MORE UPS? NEW TARGET ZONES IN R4! LETS THINK!
WE ARE BLOWING THROUGH RESISTANCES REACHING NEW SUPPORTS!
WAITING ON TOP 5 COINS UNTIL BTC REACHES 10% RECOVERY FOR RETURNING BULL PERIODS OF PROSPERITY AND DECENTRALANDS.
THIS IS MY IDEA.
AFTER LTC REACHES R5 AT 46. WE CAN EXPECT RELATIVE BTC GAINS FOR MARKET RECOVERY. PAIRED WITH HURTING STOCK MARKETS IT COULD BE TIME.
BitTorrent Analysis and Price PredictionHype is't over, so be ready with some capital after short-term retracement to buy zone.
My buy target near 20 sats area, so it is about 0.00066$
AT LEAST 9% TO 30% GAIN ON $MFT, ALSO SOME FUNDAMENTALS AHEAD.BINANCE:MFTBTC
ON THE CUP FORMATION MAY REACH IF FOLLOWS THE .786 AND .618 RETRACEMENT.
SOME FUNDAMENTALS AHEAD LIKE COINBASE LISTING AND MAINET, KEEP AN EYE ON THE TRENDLINES.
Reason to buy Ripple?! XRP vs. USDSo many people love to hodl overpriced Ripples.
Use classic demand and supply technics to buy and sell here, do not buy with hype.
If you look at the chart you can see we have 25¢ area which is good to do some entries for mid-term. Use low-risk strategy atm, cause we are still not sure about long-term bullrun.
Good luck and have fun!
Markets love patterns. . . right?Just a heads up, this is in no way advice or anything that anyone should use to make financial decisions with. I don't suggest using any of this for anything except a purdy doodle.
Anyways.
I drew this. I believe BNB, with the right volume and bull support, can reach 15-17 here soon.
Check my sweet projections. Let's see if I'm right!!
Res/Targ Fib.
MA - 50/100/200
The 30:
The Hourly:
The 4h:
Lest be reali(OTA)stic here... simple long term investigationFirst of all : trend is not our friend now - it's a bad a$$ which makes it all awkward. Out of all of fantastic projects out there IOTA is more unique than any other. Not a blockchain but tangle, no mining, no fees, no Satoshi Nakamoto -but yet it resides in top 10 cryptocurrencies in marketcap for number of months now. Many will approach me here proposing ice bucket challenge - but let me tell you something - this project have HUGE potential... in long term.
Currently on 1hr we can see falling wedge as sign of possible bullish movement to the upside for shorts - I would be careful here however with statements that we're going up due to serious resistance and other indicators which states otherwise.
On 4h we finished last 5'th part of Eliot wave at 3'rd of June and now we can see that head and shoulders pattern is forming confirming movement to the down side... In my opinion if market will not go sideways by 11'th of june we will be back at 1.35$ levels.
1D presents ONE MASSIVE descending triangle with HUGE resistance at 1$ levels and that's nothing short of one enormous bear sign.
And than there's 1W ... with history of BTC skyrocketing until fuel was lost in December, since we're just gliding down on one massive parachute of adoption in areas of stratosphere... and in my opinion - there is land (and horizon) not waiting for us not that far.
I've read article today somewhere that until now Bitcoin was dying at least 300 times... 299 times it always went back to where it was before. Just on this simple rule we can assume we will see same levels we reached previously in future - not because of logic, science, and unbelievable properties and advantages of cryptocurrencies but by greed, newbie traders and hype related to market cycles. If you're patient enough to wait - wait and stay positive, remembering excitement from the past when everything was going so well, so easily that even chasing stop loss was nearly impossible :D
Since it's IOTA's investigation just imagine, that developers are working hard on block-chain in order to decrease payment fees and improve speed of transactions - with IOTA it was sorted before tangle was created ! it's fee free algorithm which speed depends on amount of users - the more adopted the technology, the faster it is (in order to create transaction from your own device this device must first confirm 2 other transactions !).
Now let it sink in ... since all cryptosphere is more-less based on assumption - is this a good concept ?
I think it's ok to accumulate...
If you're a trader don't ignore our rules, levels, theories - remember of capital management and strategies which works best for you - in the meantime...
Let's trade...
BTCUSD: Taking a Buddhist approach: Seek the middle ground.I'm fairly new to the crypto-currency markets, but have thoroughly enjoyed reading the extreme dichotomy of views. Today I'm hoping to add a more "middle of the road" approach. I'm not discounting TA by any means, but I'm going to say some things that might be contradictory to many points of view and I welcome all constructive criticism in return. After all this should be a place of thought exchange, not a place of ignorance.
Looking at the entire bitcoin lifespan there have been some wild swings. I don't think any one would deny that. However, taking into account the highest highs and the lowest lows, the middle path is probably where we should be setting our sights. We know how high BTC can go and we know how low it can go; every self proclaimed TA expert out there tells us where it should be at any given moment.
What's strange to me is that every one should in essence understand that it can go up and it can go down. However, I don't think people are listening, they are only reacting. Let the following put some newbies at ease. If year end estimates put BTC at $4,000 on the low end and $25000 on the high end, lets say that in reality at the end of the year it should be somewhere in between. All likelihood it will probably finish out the year at somewhere around 11.5k. If we close above that awesome, we're ahead of schedule, but we'll probably see a down turn. If we close below that, wait a few weeks, I'm sure we'll meet the metric.
Next, I want to thank all of the hardcore bears out there that think bitcoin will be going down to zero. With out you I couldn't have improved my position. In DEC I bought some BTC for a crazy amount just to have some skin in the game. What this drove me to do is ask some fundamental questions as an economist. "Why did I do it?" "How should I approach this?" "Does crypto-currency actually fulfill a need in society?" "Is this a long or short term position?" Let's just say now after answering these questions I own about ten times the amount at about half the price. With out the bears and short-sellers driving the market down, I never would have been able to put myself in a better position.
This leads me to why I'm long term crypto and diversified. I don't care how much markets go up and go down. It makes no difference to me because I'm not expecting to get rich overnight. I've never wanted to own a Lamborghini. Drive one, sure, but not own one. Looking at the steady rise of crypto even on the lowest of lows, it's an emerging market and it definitely isn't going anywhere. I can spend day in and day out trying to make 1% or I can spend my time doing other fun stuff. As for diversification, it would be great if every crypto I'm in always went up and never went away. In reality the failure of one crypto means additional funds to another.
I'm going to conclude with this thought though. We have some of the brightest minds in the world working on crypto-currency right now. If you tune out the noise you can easily see that it has "the potential" to be world and life changing. (Long) But why do we see such crazy parabolic increases as of late? Do some research into the Keynesian Cross and market adoption. Developed nations have an advantage here in the adoption cycle because we can receive more information more quickly hence the rise of incoming money. Yes the market cap rises and decreases. Again, look long term. There are certain low points that you just never see again. Secondly, this is going to cause some leap frogging in technology. Just as third world countries never adopted landlines because cell phones were easier to implement, a lot of third world countries are never going to adopt traditional banking systems and go directly to block-chain and crypto-currency. When that happens, it will be the equivalent of a double injection of capital into crypto-currency. First the institutions of the developed world and then secondly the rest of the world.
Long on EOS/BTC, best mid-long term investment in the market.EOS is still in its ICO phase and its marketcap is top5; on top of that the project is solid, and its been on a year-long ICO, which means it's probably the most DECENTRALIZED cryptocurrency out there, unlike those PRIVATE and then PUBLIC ICO's. It's lately showing signs of trading irrelevant of market ups and downs, and sometimes even going against it. We recently had a speculative bubble taking EOS price to around $22, and also 0.0025 BTC. This FOMO rally was caused by smart money getting ready for EOS' release in June 2nd. Smart money is buying right now. I can't guarantee you that EOS/USD will surely moon, as the whole market could just crash/go down again if the bearmarket is reestablished for one final big red week/month. But I'm fairly sure that EOS/BTC and/or EOS/ETH and/or EOS/anyothercryptoavailiableformargintrading will absolutely fucking moon. So if you bet on EOS in relation to BTC (in other words, going LONG on EOS/BTC) you're very likely to get great profits at a very low risk.
Right at this moment EOS seems to be in a consolidation phase, cooling off of a FOMO-ride (aka mini-speculative bubble). Consolidation phases are usually marked by low volatility, and can be interpreted as "late distribution" and "early accumulation phases" in bear/bull market cycles, respectively.
Entry point:
Anything under 0.0019
Targets:
At least 0.005 by May 31st.
After EOS snapshot/mainnet is release, expect the price to tank. Close your longs slightly before the release or slightly after it and you should be good.
If the Cryptocurrency market continues on this uptrend, or consolidates near where we are, I expect EOS to be hitting at the very least a price of 40$. Very likely to hit 60$.
Bitcoin is Back?!Hello, Dear Traders and Followers!
I show 8H TimeFrame chart, we can see rising demand support line (blue uptrend) on Bitcoin, and if this line could hold selling pressure for this days it will be great signal for Long term holders. And we can start buying for short term Long-Positions.
Short term range 7300-9000
Long term range 8000-11000
Hope all safe and good luck in your trades!
Bitcoin - stick a fork in meWhere are we on the Bitcoin/crypto journey?
This log scale chart roughly guesses at different stages on the Gartner hype cycle. We might still be on the way up to the peak of speculation, we may have peaked, and the chart also imagines that this asset class might continue to grow more modestly than it has previously done, up to September next year. And maybe that's a reasonable assumption, as this might be the year that scaling and mass adoption of blockchain gets cemented.
With Bitcoin reaching its tenth birthday next year, it'll be interesting to find out. Let's see how well this ages.
Dash!?Last realy hype was since 1 year. It´s indeed a real good coin because it has already Debitcard-support and is limted to 18.9 million pieces.
Also in day-period it´s below the lower Bollinger Band. The last 3 times it gone below the low-bollinger band in Day-Period it increased insanely.
Im not a pro just a crypto-lover.
Pleas share your opinion!
The next hype, I guess!Neblio could be the next hype I belive, API suite coming.
API in Q1, marketing launch in Q2. It should be a good year for Neblio.
Fundamental
Neblio was born 1 year ago. I regret not picking it up earlier. Huge returns given on this one.
However, 10 days ago I bought it. Looking for a 5x increase or so.
We got a hypeable launch of API suite coming, and the rest of year is looking attractive as well.
What I love about the Neblio team is that they are always ahead of schedule!
In cryptoland, things move quickly. Gotta keep delivering.
Please have a look at their January 8 development update.
NTP1 protocol delivered much earlier than expected. And it's an important delivery.
We got a hard working and serious team, it's on Binance & Kucoin.
We got things to look forward to, the general market is looking more bullish by the day.. I believe its a good time to buy some NEBL :)
Head over to their website if you're interested in learning more about Neblio.
But shortly put, they want to make it very easy for the enterprise world. Many languages, etc..
I dont know much about it, but we got this coming up in 5 days as well: "The Shipment Service".
Technical
I posted this in Koinworld 10 days ago. Obviously too early, but gotta expect that sometimes. Still a healthy and good market :)
Bought at 28 USD aprx.
Last run NEBL went up an astonishing 1007% . Could we do it again? Perhaps. I am aiming a little lower.
I am looking at the two 2.618 . That's my target for now atleast.
More based on the hype possibility and fundamentals than TA.
NEBL has been added to my Portfolio.
Please read my recent blog post to get updated on what I am doing! :)
#APPC is a strong buy#APPC is a great medium term buy. This coin has went for a few runs and is stuck at 12000 sats. A lot of hype and news surrounds this coin, however a bear market has caused volume to decrease greatly. Once BTC futures expires and the market is pumping again, expect this coin to make some serious gains.
Ripple Long (400%) Feb-MarHype coin with strange background, but it's crypto-hype now... Buy everything with huge commercial, don't matter is it good or bad. Bad news is a good opportunity to buy low, especially when it's coin like ripple.
If Bitcoin falls to 9200 and lower -
BUY RANGE
0.89-0.62
SELL RANGE
3.95-5.24
Stop-loss
-30% from buy zone