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KMDBTC

KMD Finds SupportTwo months in a row, KMD has been unable to close below the great support level at 50-Day EMA, howbeit these attempts from the bears were crowned with success and the price found the strong support at 200-Day EMA. The bears are desperate to push the price below the support level at the price of 45k, but the bulls are too stubborn to allow that. Although the RSI period 14 was above the level 50 today this is a good sign of bullish market as well as the MACD will display a bullish crossover in the next few days, that will the potential to change from the downtrend to an uptrend.But I would advise you not to hurry up to open a long position and wait for additional buy signals.
by LudwigStirner
Watchlist Update 04 | BTC, KMD, DGB, ETC, GBYTE, SCHello and welcome to today's watchlist update :D The bulls arrived this morning. My newsfeed continues to be bullish and positive, no insane FUD this morning on my end. -- Overall market cap: Up several billion this morning. Major cryptos are all very bullish this morning. BTC-USD Coinbase | Broke resistance of 9089 on huge bullish volume, followed by a bullish pennant and an inside bull break of the pennant, pivot point at about 9158 and now possibly forming another pennant. Bearish volume arriving, be careful. KMD-BTC Bittrex | 4H inside bar bull break, rising well above the strong support line of 0.0004547. KMD-USD | 1H edge-to-edge Ichimoku cloud break, strong push to the upside. Capital flowing back into the markets overall. DGB-BTC Bittrex | 1H edge-to-edge Ichimoku cloud break, very strong bullish push followed by a long-tailed candle from bulls buying the dip. ETC-BTC Bittrex | Finding strong support around 0.006303 and 0.0055641, retracement looks healthy for bulls. The previous slow establishment of support levels means it has has trouble dropping too hard, I think it will hold in this range. Ichimoku cloud has only flipped bearish on 15min and we have broken the channel trend that I drew earlier. GBYTE-BTC | Strong breakout of the rising wedge that I deemed to be bearish, looks like fundamentals may be trumping pure technical analysis or perhaps I misread this and it's actually a bull flag. It's smashing through a wall of previous support zones so I'm still skeptical of this bull run, despite a decent amount of volume. Please throw me some ideas in the comments section! SC-BTC Bittrex | Sideways, waiting to see if this finished off the correctional C subwave of the current Grand Supercycle. ZEC-BTC Bittrex | I didn't cover this one that well as the clock was ticking (Maybe I should roll this over to Youtube eh?) but Zcash still has rom for downside. While it has had a lot of bullishness recently, I only imagine that it will need to retrace and build a stronger base before pushing further to the upside sustainably. To me it looks tired and may even be forming a larger head and shoulders pattern. What do you guys think? -- This is for educational purposes only and is not financial advice.
by RotiWokeman
Watchlist Update 03 | BTC, ZEC, ETC, DGB, GBYTE, XZC, SUB, KMDHello everyone and welcome to today's watchlist update. I was thinking of calling this "Fresh Rotis" but it'd be a bit odd referring to myself as food. Anyways, The market is a bit quiet so far today. Bitcoin is possibly stabilizing, bulls are definitely returning but everyone including myself are watching carefully for any sort of confirmation. Some of my picks are looking short-term bearish while setting up for future Elliott wave impulse moves, while ETC-BTC is getting some hype. -- Summary: BTC-USD | Still sideways after a bounce and breaking down the daily downtrend, Ichimoku is flipped bearish, still finding resistance at 9087 and support above 7883. Some people are saying this is an inverse head and shoulders setup, we need more bullish momentum for follow-through. The 1H Ichimoku looks better with some support off the MAs but still not great. SUB-BTC | Breakdown of falling wedge in RSI, touching resistance of downtrend line after an inside bar bear break, may break down the shorter-term uptrend line, Ichimoku not looking great on hourly or daily charts. DGB-BTC | Looking a bit bearish but overall bears may be getting exhausted. Used multiple Fibonacci ranges to sort out these Elliott waves and possible future support-resistance lines. All conjecture but this downtrend may be a falling wedge. used a special grouping of a 343 minute time frame and two specific MA’s which I will link some info to here: GBYTE-BTC | Hidden bullish divergence on the 1H, uptrend out of that false breakout of the symmetrical triangle may be a rising wedge. ETC-BTC | Hype from the airdrop event, the C wave of the correctional Elliott wave can often revisit the level of the 4th wave of the previous impulse wave. Hidden bullish divergence on 15min with a bull flag. XZC-BTC | looking very similar to BTC. KMD-BTC | still in the downtrend and finding support. ZEC-BTC | 1st target hit with edge-to-edge cloud break. ARDR-BTC | (Not in the video) is following the expected trend. I will cover it in another idea or video. -- I'm well aware that I haven't considered the USD pairs here, that's something to consider when making these trades/ investments. A quick look tells me that the USD price action correlates well with BTC pairs right now. That's all for now, y'all have a good Tuesday afternoon. Roti out.
by RotiWokeman
KMD-BTC 165.58% profit potential - Bet on a Decentralized FuturePresented here is my analysis of KMD, be sure to do your own research. We are in the middle of an overall bearish channel in the market as well as in the middle of a powerful FUD cycle concerning the Tether-Bitfinex scandal. You can do a bit of your own research here www.tradingview.com On the daily chart we have strong bullish signals that this symmetrical triangle wants to break to the upside. It has attempted to do so a few times but quickly retraced on all occasions. The Ichimoku cloud has flipped bullish on precisely the location where the triangle has reached a point where it can hardly consolidate any longer before making a vital decision. As always I am using the altered Ichimoku settings used by guru Josh Olszewicz ;) You can find an explanation here: youtu.be The declining volume and bullish break of those multiple inside bars at the end of the triangle show us that the momentum is in favor of the bulls, however the current pinch of the overall market on top of the aforementioned FUD has set the bulls back a bit. But all things considered, KMD has weathered the current FUD and market correction cycle incredibly well. Look closer and you’ll notice that I didn’t even draw a line on that symmetrical triangle — it completed itself via the 50 day moving average. You don’t often see something like that, so I’d say there’s a healthy, sustained growing bullish accumulation going on for KMD. You’ll also notice that I couldn’t draw but a single line on the RSI to indicate any sort of divergence because it’s so tight — We have a clear indication of hidden bullish divergence with higher lows in price and lower lows on the RSI. Many people think that atomic swaps and decentralized exchanges will not catch on for a couple more years, but I’d say things are going to move quicker than people think. Considering what’s happening with Bitcoin being declared a hard fork of Bitcoin Cash and Tether blowing open, not to mention some of the largest exchanges out there like Bittrex, Binance, and Bitfinex all carrying the increasingly volatile Tether asset, things can escalate quickly, and in favor of platforms like Komodo. Check out what I mean here: www.komodoplatform.com The Barterdex will be a decentralized peer-to-peer exchange supporting atomic swaps. Meanwhile a couple exchanges are already implementing Bitcoin Cash pairs alongside Bitcoin and Ethereum counterparts. This is all bullish news for the likes of KMD. You can see a quick review of KMD here youtu.be I’m being brave with my profit targets on this one, for a few reasons. One is for all the reasons detailed already, the other is that typically in crypto markets, projected moves from triangle breakouts and continuation patterns can be expected to be double that of their traditional counterparts. Second, when this overall market turns around I expect the value to explode, because those new to crypto are surprisingly more often than not more interested in alternatives to Bitcoin. Here are your potential profit targets visualized as blue horizontal lines. I added Bollinger Bands for affect - look how tight they’re squeezing ;) Target 1: 0.00089434 Target 2: 0.00119967 Target 3: 0.00150153
Long
by RotiWokeman
5
KMD THE SLEEPING GIANT Breakout confirmed + Bitcoin Hush AIRDROPKOMODO will likely emerge as one of the most liquid privacy coins in 2018, and I would suggest anybody to look into the huge potential it has for this year! They have an open-source project that is making waves in the blockchain technology. Leading 1st place with over 30,000 Atomic Swaps, its BarterDEX technology hopes to create a decentralized exchange (DEX) for Bitcoin, bitcoin-protocol, as well as other SPV Electrum-based coins. Not only this, but it utilizes something called JUMLR which is an anonymizer that allows individuals to mask their trades. More recently, Komodo has got an Airdrop coming up with Bitcoin Hush and some planned further announcements coming up like a New Website Launch. I'm sure more marketing will get pushed as they go LIVE and attract more investors into their community. As we seen in December, this coin can rally fast so lets check out what it offers. TA - On the DAILY: - Recently broke descending triangle pattern - Heavy rejection on 50,000sat support level - MACD crossing supports bullish movement - RSI moving (also a good short-term BUY) My Trade Idea: BUY: Below 63,000sats SHORT-TERM (1-2Weeks) Target 1: 70,700sats Target 2: 79,000sats MID-TERM (1-2Months) Target 87,600sats Target 4: 98,000sats (0.618 Fib) STOP-LOSS: 44,000sats PLEASE NOTE: Consider all trades with caution and only invest what you can afford to lose as cryptocurrency is highly unpredictable. Take profits and Invest in yourself. You can afford it, trust me. This is not Investment advice! SOURCES: komodoplatform.com twitter.com medium.com
Short
by Benjiman7953
4
Komodo Trade Idea 25 January 2018Komodo. Interesting project. Doing some great things and not even marketing it that much. What do we see on this log scale chart? Nice movements since last year. Incredible run up. MACD seems to be on a bottom and about to make a positive cross within the next week --> this might indicate we'll break out upwards on the KMD/BTC chart. 200 EMA coming in as extra support as well. RSI coming out of a downtrend, support of this trendline will be in sight pretty soon. Only thing which is lacking is the volume. It did bounce on the horizontal line also, which was resistance earlier and caused the big run up. Around the support line is a great buy for me, also bullish on this project for long term. So if we break out of this bullflag (or bearish pattern), then we'll see the green box as possible target zone. Target zone is around $30 within 3-4 months.
K
by CryptoMichNL