Moonshot
FLWS BIG Continuation | Easy LootYoo What Up Traders, This week has been pretty nice. Almost a 800% play since entry last week! If we can hold this channel and breakout above, I think we will see another nice push up during after-hours.
Will it continue pushing?
Still sitting in previous contracts listed in ideas listed below... Easy Loot!
XRP Golden Cross Potential Looks To Add Bullish Momentum On 1HR XRP 1 HR CHART
Nice bottom formation has played out finding support on the bottom of our pitchfork with wicks drawing down to test the .786 fib level. Following the relative low was a nice breakout with good volume. Price was then held down by the 100 day MA which is has now broken above. Coinciding with that breakout, price is now above the 1.0 Fibonacci extension. If we can find support above the 1.0 extension I would expect to target the 1.618 around 0.36 cents. The chart is pointing towards next week.
DTCC Live February 24th. A one day early birthday gift for me I guess ;).
If You Enjoy My Content Please Comment & Like I Appreciate Your Insight & Interest.
My Personal Speculation & OpinionNot Financial Advice.
Link To Same Chart On Daily Timeframe
AMD Pushing For All-Time HighGood morning traders,
AMD recently updated the public with some pretty big news in regards to the Google Cloud platform.
Pattern Recognition:
- Bilateral Ascending Triangle
DotomJack
As always, please do your own research prior to investing. I'm not providing financial advice nor am I a financial adviser.
ETH/USD Very soon longFinally after such a huge move from the lows we are getting some sort of a correction. Next support level is at 230$ area and that is where I will add to my longs. At the moment not sure if bounce from that are is going to lead us to new yearly highs or just a nice pump for 20-35 $, but I'll take that as well. However I would favor new highs from that level. Hopefully going to get filled, stay safe!
Sprint is certainly sprinting for $9.00With the recent merge of Sprint and T-Mobile, we watched the stock pump 70% after-hours. Yesterday I decided I'd be a bit more patient with Sprints movement, only entering with a semi-small account at $8.28 (at time of publish, up $.4856 per share). I than used this to determine likely movement to today and decided to buy call a few hundred contracts with a strike of $9 by Feb. 14th, although I wasn't entering this trade thinking I'd stick around. Within about 2 hours I had reached my target and decided to pull out. Sprint looks like it most definitely can push above $9, waiting for the breakout of this bilateral triangle (meaning prices can dive either way). As I come to the end of writing this, I've decided to re-enter if we can breakout before the market closes.
DotcomJack
Please do your own research before investing. I am not providing financial advice nor am I a financial advisor.
HODL XRP | Pattern Repeat??Yoo what up traders,
If we look back to the start of early October, we can spot insanely similar movement. Surprised I haven't seen anyone else spot this, it lines up with current support/resistance.
If price follows as predicted, the break of channel resistance will send us back toward the $.25 zone. If we can't break, movement down is almost foreseen. Personally, if I wasn't already holding xrp I'd wait to enter the retest of .21313.
Ripple's A GO!
As always, I'm not a financial advisor nor am I providing you with financial advice. :) DotcomJack
TRASH TO SPACE? | Waste ManagementWaste Management is one of the few stocks I've traded over the years. Waste Management is a beautiful opportunity for investors with 30%+ gains avg. a year, for the last 5 year years.
When it comes to stocks, I often ask myself "do we NEED this company/service"... When it comes to trash, we do. I think it's going to be interesting what's to come for WM, will it strive through this next crash?
Pattern Recognition:
- As we validate this rising wedge, we look for a few more waves before it's descend (if rising wedge is successful). We look for a retest near $115 most definitely, if the bears can push we will see farther retest toward the $108 level.
Trash In Space?
" The development will occur in two phases. In Phase A, selected companies will create a concept trash compaction and processing system, conduct design reviews with NASA, and validate concepts through prototype ground demonstrations. Throughout this phase, the companies may request use of NASA facilities to conduct subsystem tests. In Phase B, a flight unit will be developed to demonstrate a system aboard the space station as early as 2022.
Inherent with the NextSTEP partnership model, private companies must contribute their own corporate resources toward the development of their trash compaction and processing systems. In this case, responders are required to show a minimum of 20 percent contribution toward the overall development cost, or 10 percent for small businesses. Proposals are due August 22, 2018. NASA plans to host a "
The future is closer than many think....
As always, I'm not a financial adviser nor am I providing financial advice.
DotcomJack
MATIC - 182% Moonshot Inbound Good Evening... Well Morning,
Roughly 2 monthly ago I signaled BTC:MATIC for nearly 170% & I believe another wake is upon us. My style of trading isn't based off any indicators or said nonsense, the basic idea of it simply comes down to pinpointed support & resistance levels. I've proven to you over and over again that matic was riding an interlacing combination of Moving Averages (which I only use to swing-trade for some quick profits).
WHAT'S NEXT
Easy, let time pass and tell. If we break and hold over the 50-day that would be a indication that the bulls may attempt to engage. That being said, it doesn't mean enter if the MA is broken... Everyone I've spoke with this last month had some ups and downs. Only the ones that avoided emotion/FOMO, pulled in a nice profit. What I'm saying is the market is always open, opportunity will technically always be there so be sure to have full transparency before investing (take your time). Cryptocurrency and Stocks in general always trends either up or down, the point is to know and understand the basic science of trading so you know if you're at the right spot to buy/sell. You could find yourself in the middle, or end of a run up, and those are places where odds just aren't in your favor. How will you loss money? It's as simple as this, when you buy it at the top thinking "oh it's going to go up, HODL", you end up screwing yourself than with your luck you sell and next thing you know COIN shoots back up without you. This doesn't mean you suck at trading, or you should quit, or worse start gambling your account away. This just means you're charting something incorrectly and your timing might be a bit off. Reach out to me and I can help you fix your bad timing, I can help you learn to chart correctly with the true science of trading. Reach out to me and I will guide you like my broski.
What to look out for now?
Looking at the 4H time frame, you can see what is going on with the 50-MA a bit better. If we close under it a few too many times we typically tend to see downward movement. Currently, MATIC:BNB is retesting it's previous support (the dashed orange one), if we can break and hold above the 50 MA and break channel resistance I think we may see MATIC complete a double bottom and if it does we will be looking toward 57% mininum with a full target pushing 180%.
THE TRADING LEGEND:
Support Trend Lines: Green
Resistance Trend Lines: Red
50 DAY MA: Orange (Thick)
Short-Term Trend: Slightly Bearish
Long-term Trend: Ready To Pop
My thoughts: Double bottom, rally is coming...
DOTCOMJACK | THE MICHAEL JORDAN OF TRADING VIEW
Feel free to message me! I'd love to connect.
BE SAFE AND FOLLOW ME TO STAY AHEAD OF THE CURVE AND BECOME PROFITABLE.
Dragonchain looks incredible!Dragonchain just finished their performance test successfully logging ~3,500 t/ps over a 24 period for cross chain transactions. Technical it looks very good. Please also see breach of 21W EMA below.
RIPPLE Update | Important Retest!Good afternoon traders, not too sure why I didn't post this a week back but it was to the T. We are looking to retest our channel resistance, if broken i'm hodling. Personally as a trader, I enjoy analyzing others charts to get another perspective. That being said I won't go to deep, enjoy and have a good week with XRP!
DotcomJack
BTC/MATIC | 1:10 Risk:Reward Before we see this falling wedge complete its move, we should see one more test toward 250 (TP) before more big downside movement. Sell at 250 and wait to see if we can push through channel resistance before re-entry.
Do your own research before investing, this is not financial advice.
DotcomJack
Matic Update | Enter The BreakoutGood Morning Traders,
As this bullish pennant is formed, it is safe to say that a entry after a breakout of 1790 looks solid. I'll keep it short and simple.
Entry: 1796
Stop-Loss: 1711
Take Profit: 9-13%
Once hit, be prepared to look for reentry .
Not providing any financial advice nor am I a financial adviser.
DotcomJack
ROKU | 37% Correction Coming SoonGood Morning Traders,
I'm switching it up a bit and covering Roku. We should be looking for entry toward $123.5 to $125.33 with a exit around $164. Roku is sitting at 339% profit in 348 days, which is incredible for a Fortune 500 company. Throughout the previous 3 weeks, we saw a correction pushing 22%; if we can hold the channel movement up is likely with a target of $164. Billionaire, Anthony Wood quit his career with Netflix to join Roku & quadruple his fortune in just a year; Pulling in $2.2 billion since January.
This read is sponsored by Dan Orr, a stock market legend.
As always do your own research, I am not providing financial advice nor am I financial advisor.
DotcomJack | EasyLootFund
VET Can Make A Move Like XRP In 2017This post is really just for fun. I'm somewhat convinced that we're seeing the floor for many promising cryptocurrencies, so I'm finally starting to post some altcoin charts again. VeChain is a controversial one, at least in terms of investor sentiment. They have an unusually large community for a project with such a relatively small market cap. This may be a result of marketing, but it is also likely due to the fact that VeChain is continuing to chug along and develop. I believe they are in an advantageous position. Now, whether or not their VET token actually deserves value...VET holders will explain why economically it would make sense for the token price to rise. VET naysayers will disregard the token's value and say that it's just a funding vehicle for the foundation and a failed marketing ploy.
Funnily enough, this polarizing sentiment is very similar to what has plagued XRP, particularly since its historic price rise in 2017. I'm comparing these two crypto-assets not just because of this similarity, but also because they have a similar token supply and business plan. Both VeChain and Ripple have focused largely on working with the established system. While Bitcoin, Nano, XMR, and other pure currency coins are great, if one is looking at the crypto space as an investment, I think hedging with projects like XRP and VET isn't a terrible idea, since I think one generally wants a company to have powerful friends in order to feel confident in its long term survivability. That's just how the world has operated up until this point.
What has caused VET's recent price surge? Well, we can see that several Chinese cryptocurrency projects rose together over the last week. Even though VET, NEO, and ONT have expanded outside of China, they are still Chinese-grown. Chinese crypto whales may be trying to attract more investors to these projects. Pumps of this magnitude across several related projects are certainly manipulated. Interestingly, U.S.-born cryptocurrencies have looked meager in comparison, though some have generally performed better than these Chinese projects (in terms of % loss since the peak). Perhaps Chinese whales are attempting to fuel a bit of a blockchain arms race. The United States has been lukewarm at best towards the space, so perhaps it's a slap in the face to U.S. - centered, anti-China, cryptocurrency investors (there are many of these people in this space, I've noticed).
Anyway, there isn't much TA can do about such a speculative chart, but I'll make an attempt here. What you may notice is that I've slashed the price targets in half, from what happened to XRP. This is because the VET horizontal support from 2018-2019 is roughly 50% lower than XRP's from 2015-2017. We also don't know if or when a move like this would occur. I think there is a possibility for it to happen sooner rather than later, based on the VET buying I've seen over the last several days. We also smashed through the 50d MA (red) and are close to breaking and holding above the 100d MA (green, around 0.0042). What I'd like to see is some consolidation and then continuation above the 100d MA, and ultimately a break above the 200d MA (light blue). You can see that even if it does break the 200d MA, VET may need to continue confirming long term horizontal support, but it would still increase the chances that it can go parabolic, a la XRP. I've set my targets in pink. Given XRP's market cap, it isn't totally far-fetched to assume that VET can eventually be worth at least half of XRP's market value. The key word here is can because there is no guarantee that this will ever happen. Here is the chart zoomed in, where you can see the moving averages and structural similarities more clearly. Note the similarity in the massive RSI breakout as well:
VET is the subject of a lot of coordinated shilling AND fudding, so it'll be really interesting to see which direction it chooses in the long term. After the dotcom bubble popped, the companies that survived weren't necessarily the ones that rose in share value during that bear market. They were the ones that, despite declining value, continued to work hard, make connections, and solve real problems. It should be noted that holding VET is not equivalent to holding a share in the company, as is the case with any crypto asset. People who bought in, expecting enormous gains right off the bat have no one to blame but themselves, and perhaps the overzealous marketing of Sunny Lu...but even then, one should be able to understand that he was funding the project through VET, not trying to please nonexistent shareholders. Anger is understandable.
Anyway, that's the overview. We'll see what happens. Obviously a sustained break below the rock solid support around $0.003 would be very bad for VET. We want to see it continuing to find demand in that area. This is not financial advice. This is even more speculative than the majority of my posts to boot. Hope you enjoyed!
My Favorite Low Cap - Smartlands (SLT)A lot of people don't know this (there's a huge information gap in the crypto space), but XLM is also a platform, in addition to being one of the fastest cryptocurrencies out there. SLT is one of the coins on the Stellar network. It's a platform for STO's (security token offerings) - a use case that may end up being quite attractive for everyday investors. Tokenizing assets may provide a pretty powerful avenue for financial inclusion, since it allows people to tokenize real property, and things one might not have ever imagined being "shared." It's a somewhat utopian vision (and I'm harkening back to my post on crypto analysis as science fiction), but one can imagine an economy where everyone participates in the trust of a global network of shared value. Of course, the wealth disparity is a growing problem, but this is a small step closer to some financial accessibility. That's Stellar's vision, so it's not surprising that Smartlands decided to build on XLM. It's time for an update on SLT, since we've finally gotten a little more price history on this one.
As some of you may have noticed, low cap altcoins have gotten the worst treatment since this past Spring. This is why a lot of "seasoned" crypto traders will hold mostly Bitcoin and Ethereum during bear markets and then diversify out as a floor becomes more obvious. We're seeing that happen right now. It may not be fairly obvious yet, but cryptocurrencies are starting to react positively towards news, and several are making serious attempts to break out. Just look at VET, NEO, ONT, TRX, and others on the China news. Look at XLM from yesterday's coin burn news. We're seeing a shift in market sentiment. Buyers are starting to get excited about scooping up altcoins. Of course, it's all speculative, but what drives the value of any given cryptocurrency over time is the fact that people will hold more than they spend. So far, demand has outpaced supply on larger timeframes for many cryptos, so one can assume that this will continue to occur, even if the process slows down a bit. But this is essentially why I've started posting some altcoin charts recently, even if they're highly speculative.
I want to emphasize that SLT was actually one of the best performers during all of 2018, outpacing both BNB and LINK. It might have actually been the best performing coin in the entire market for a while. While the rest of the market declined 90%, SLT actually gained in value, rising from below $1 in February, 2018, to an all-time-high of $7 in the fall. It also went parabolic against XLM (its primary trading pair). I originally bought at 2 XLM, and as it went parabolic a year ago, I sold some of my position at much higher levels (18, 23, and 43 XLM). I'll admit - I got lucky. I didn't know anything about the project or its potential when I first bought some. It was one of those things where I was looking to put a tiny amount of money into a couple of small projects. Ultimately, SLT went from less than 3% of my portfolio to over 20% at one point. Now, it's back to 3% of my portfolio, even after tripling my original position and taking some profit. That's how poorly it's performed since April. Despite this decline, SLT has done extremely well in the past, and I don't think its fundamentals have changed since then. I'll explain why further down.
As you can see, SLT is worth only a small fraction of its previous Bitcoin and XLM value. Just look at this chart! SLT declined 98% (NINETY-EIGHT PERCENT) in Bitcoin value since it was listed on Bittrex. To most crypto investors, this would be a really bad sign. Even as much of the market continues to recover, SLT is close to its original market price and has erased almost all of its gains. A while ago, I actually wished I could see low prices like this for Smartlands again. I think it represents one of the greatest risk/reward plays in the market. With a total supply of 7 Million coins, one needs only 7000 SLT ($3000 currently) to own 1/1000th of the total supply. That's the equivalent of owning 17,000 Bitcoin, or what would now be worth close to $160 Million. For whales, $3000 is nothing. If even one person with a decent amount of "play money" decided SLT was worth owning, they could buy a huge chunk of the supply. At the present time, this would be hard to do, since Smartlands has a liquidity problem with lots of regulative clarity needed. Over time, I expect this to change. Even owning 7 SLT is like owning 17 Bitcoin (in terms of supply percentage). Not that SLT will be worth Bitcoin's market cap, but I'm just using this to explain my reasoning of why I think it's a decent risk/reward play with even a small amount of money.
Although the price outlook may seem bad, I actually continue to support the project. I removed a couple of coins from my portfolio much earlier this year (WTC and GVT) - projects in which I had lost confidence. In hindsight, I do wish I had sold more SLT at the time, since it would have shielded me from some more losses. However, there are three main reasons why I have not let go of SLT, and why I think it can surprise many people yet again:
1) The Smartlands community actually continues to grow. Every day, more members join their Telegram group. This is actually the sort of divergence I like to look at, when trying to decide if something is worth holding onto. Does price reflect actual growth of the community and company? If not, it may be severely undervalued in the market. Take a look at VeChain. It has one of the largest crypto communities out there. But it's not even in the top 20. With coins like GVT and WTC (still glad I let go of those positions), I noticed declining communities and sour investor sentiment. I have not seen these things with SLT, aside from some disappointment with regard to price (understandable).
2) The Smartlands team continues to work hard, venturing into a very difficult new frontier (the STO market). They've also worked to gain access to U.S. investors, which is something a lot of projects have completely shied away from.
3) As mentioned above, risk/reward
Now to the technical analysis:
We can see that SLT did break the steep downtrend, but not before declining even deeper in Bitcoin value. Right now, it seems to be forming a bit of a rounded bottom (orange), butting up right against another descending resistance. The RSI and ultimate oscillator look like they're trying to break out. If SLT can break the downtrend, perhaps with a little help from XLM, then I think it can explode upwards. I'm not saying that it will get back to ATH any time soon, but I've marked important levels in pink on this chart for reference The light blue zone is especially important. That's where the highest volume trades occurred over the last several months. Also in terms of volume, sellers have dominated over the last several months, but recently they've started to become exhausted. What would be great is if buying volume can start to outpace sell volume at these current levels. That could fuel a breakout.
What's also interesting is that the 200 Day MA is just forming overhead (light blue). This is a good thing, because it will give traders more indicators to use moving forward, and it'll allow them to understand the trend in the long term. What we want to see is these moving averages continue to level out, as buyers become more confident that this is the floor. As buyers show up, we'd want those moving averages to start curving up. It's also important for XLM break out from its bear market downtrend once and for all. It's VERY close to doing this. It rose above the downtrend briefly yesterday. Speaking of XLM, I did make an effort to call the bottom below $0.06 not too long ago.
Anyway, this is not financial advice. My perspective on the market has been fairly accurate over the last year, but that does not mean I haven't been wrong, or made some egregious calls. My posts represent my opinion only, and should be used for educational and entertainment purposes. I like to post these for future reference, to permanently record whether I was right or wrong.
Hope you enjoyed this post, and thanks for your support!
-Victor Cobra