High possibility for LISK on its 5th WaveBy combining Fibonacci Time Zone and Elliott's pattern, it seems like that LISK now is going to its 5th wave. May be it is a good time to buy, although I am not sure how much it can reach its peak.
Lisk
Some more long on LISK hereBTC went 30% up, LSK/USD just 10% down, LISK is a very viable trade on long side here, it is stable. When BTC goes down LISK goes roof. Easy tripling money (or even much more).
Expext the next leg upBTC went very high while lisk waits for its push. In USD LISK made 20% up with the btc push, when BTC is going down, LISK will moon from here. Set up is fine, I will shift some more from ETH to LISK at this point.
LSK: BULLS ARE TIRED? QUICK PREDICTIONOne more dip to the mid-low 70k area before price bounces off the bottom edge of the pitchfork trend channel. Reversal to the upside after 22 hours if the bottom of the trend channel holds and is not broken.
LSK Reversal?LSK hit the Gann Fan line and shows a reversal candlestick pattern. If it is able to break through the previous support, it could trend upward quickly. If the reversal fails, I expect LSK to fall back to long-term support in the .0007 region.
LSK/ETH TRADING PAIRA Ethereum base market and two new trading pairs were released by Poloniex yesterday - POLONIEX:DAOETH & POLONIEX:LSKETH . This offers an interesting opportunity for Ethereum holders who want to invest in LSK but do not wish to pay for the double conversion fee of exchanging ETH into BTC, and paying another fee to buy LSK. A smart move by the exchange operators to keep clients happy and trading volume up. LSK/ETH could be a great tool for investors to gauge market dynamics while also providing information for trading strategies moving forward.
Today's live interview with recently appointed Lisk senior advisor Charles Hoskinson revealed a lot about the potential of Lisk for developers, users and investors alike. The price of Lisk went up about 8% during the interview, and price seems to have stabilized so far, hovering in the low 80k range. www.youtube.com
Expect this new trading pair to help with the next Lisk bull run and expect to see wild spikes of volatility in this small but emerging LSK/ETH market.
Fighting tough resistanceLSK has been steadily recovering from the last down trend. Recent new gave the coin a boost, but it had to overcome some very tough resistance to continue the advance. The trend should continue up for at least the next couple of days barring major news. The unknown is what effect a large spike in the BTC price would have on the rally. LSK held its own during the last large run up and even trended up with BTC at one point. If BTC rallies, I would keep a close eye on LSK.
LSKBTC Bullish with recent newsRecent news with new additions to the team, ex ceo of ETH should drive nice attention
Has the LSK shakehout finished?There have been two tests below .0007 in the last 24 hr, Just now a break to the upside could mean a retest of the .000824 level.
LSK: LONG TERM VIEWTrading View has updated historic data from POLONIEX:LSKBTC , giving traders a clear view of this coin's trading potential. In this chart, a target of 82k from 60k in 4 days, with a stop loss at 54.8K shows a 'conservative' forecast. Expect news about Lisk and it's founders later today at the BlueYard event.
Berlin, June 1st: "The mission to upgrade the internet & an open conversation with Edward Snowden — Decentralized & Encrypted medium.com
BlueYard Capital is a new venture firm based in Berlin, investing a $120m early stage fund across Europe. We are a thesis driven firm, focused on the decentralisation of markets, the empowerment of users and the liberation of data."
Lisk Conference Attendance
BlueYard: Decentralized & Encrypted 1st June 2016 Germany
Global Blockchain Summit 22nd - 24th June 2016 China
BIP 001: Black Sea Edition 7th July 2016 Ukraine
Euroforum: Blockchain an einem Tag 19th September 2016 Germany
LSK: Something is BrewingIs Lisk drawing a cup & handle pattern? I am expecting LSK to break the 82k barrier soon. Waiting for resistance to become support before re-entering. Holding previous long positions from 60-70K.
What do you think?
LSK BULL: WEEK 2Lisk has now entered its 2nd week of trading.
Quote Bitmex Crypto Trader Digest May 30, 2016: "Last week LSK listed on Poloniex with an extraordinary opening day in terms of volume and price action. Its I.C.O. price was 0.00018265 LSK/XBT and immediately listed at 0.00275 LSK/XBT on Poloniex (1400% return), the price dumped to a low of 0.00035 and is now trading around 0.00070. Trading volumes surpassed ETH, the most liquid altcoin right now, showing that LSK is a serious contender in the cryptocurrency space.
It is interesting to note that even over the extreme run up in BTC/USD over the weekend, LSK/XBT has held its ground. To give you some numbers, the performance of LSK/XBT since I.C.O. is approx, 283% whilst the performance of LSK/USD is 400%"
Above, my chart displays three bullish harmonic patterns . Butterfly pattern ranging up to 261.8%, Bat pattern up to 100%, and a Three Drives reversal pattern characterized by a series of lower lows that complete at around a 127-161.8% Fibonacci extension. StochRSI is correcting from oversold levels as well. Strong historic support levels from the 55k-70k range can now act as catalysts for upwards price action. Of course, this call will be dependent on volume of buy support. If price breaks down below 55k, there could be significant room for price to fall.
The second week for LSK is shaping up to be as exciting as the first.
will lisk break the resistance?Making analisys on new cryptocoins is always difficult -sometime impossible- but look at resistances it's a good point to start, if lisk break this there are big chance of profit.
if lisk break the down line, go short.
Simple but efficient :)
Going into LISK nowLSIK seems to be a very interesting alternative project to ethereum and could be huge underrated right now. I will start to follow up LISK here a bit, seeing a healthy bottom forming right here.
I will still hold some ETH but tending to switt over the next days and weeks considering the market conditions and opportunities.
Today LISKBTC went 20% up so far, outnumbering the 20$ rise BTC made today, while ETHBTC went 10% down.
LSK Weekend Break Up or Down?Squeeze Momentum suggests #LISK price will make a break upwards in the symmetrical triangle trend channel.
Lisk: Turning PointA flurry of events happened yesterday: HUOBI:BTCCNY touched a high of ¥3944.3 and is continuing to rise. The Dao released KRAKEN:DAOXBT , bringing plenty of interest into the Crypto 2.0. space, as well as competition: $129M market cap and $3M+ in trading volume.
Lisk has held its own. Currently POLONIEX:LSKBTC is #4 in trading volume at $5.4M , ahead of The Dao and behind POLONIEX:ETHBTC , BITFINEX:LTCBTC and BITFINEX:BTCUSD . Also around 3:30am EST there was also an issue with blocks being forged on the Lisk network. The issue was quickly identified and resolved by the Lisk team. An update to the client was released, v0.3.1 . Blocks are forging normally and transaction times are lightning fast again. blog.lisk.io
Looking ahead, we can observe that price is exiting the symmetrical triangle (pink lines) to the upside. Further strength in the BTC market will delay a breakout above the upper trend channel line (orange). The lower line (pink) is still being tested. Support and resistance levels can be seen from the Fibonacci circles.
LSK's resilience amidst the current BTC run up and its ability to generate more trading volume than The DAO are all bullish signs. The Lisk development team was responsive in securing the network, contributing to my belief that this coin has tremendous potential and is here to stay. Lisk is a very young coin, but its strong and vibrant community has already accomplished a lot in a short period of time. Expect announcements from the Lisk Development team this week and price increases in the months ahead.
LSK BREAKDOWNScouting for an entry zone. Overall market volume of The Dao KRAKEN:DAOXBT has now surpassed LSK POLONIEX:LSKBTC . Further weakness in price and volume can be expected until #BTC market cools off. Until #Kraken release #LSK trading, expect #Poloniex to control price direction for the time being. Waiting for entry in the 50K zone to catch a dip.
LSK Breakout StrategyLooks like we hit a good bottom @ 55K LSK this morning. 60K was a great buy area imo. I believe LSK can overcome overhead resistance today and try for a breakout by the end of the weekend. Watch for volume dropping from Bitcoin (currently 275k BTC) and increasing LSK buy pressure at Poloniex to confirm breakout strategy. Current LSK trading volume on Coinmarketcap is ~14,500 BTC, waiting for 20K BTC volume to enter LSK market.
