I see a coin getting accumulated at an All-Time low with relatively flat market structure and consistent volume. If you look over at Poloniex, somebody has been getting bids filled at these levels consistently for a few months. The same occurrence is happening with Litecoin at the moment. A whale is getting hundreds of Bitcoin worth of LTC filled at current...
We see price doing lower lows and stays afloat on a bottom while weekly RSI (30 periods) is grinding higher lows. Bullish divergence is brewing. Coupled with a false breakout, we might see a medium-term rock bottom. The false breakout is giving a nice 3 bars pattern "kangoroo tail" discovered by Alexander Elder which uses also MACD or RSI divergence to select...
We have two 11 months views. * At your left, a chartist analyze with: - 2 crosses between moving average. One is a kiss of death (bye bye) and one, lately, might be bullish. - Remarkable result where price landed over both moving average. - An ascending triangle which gives good odds to break upward. - A strong resistance under 0.0031 - Volume rising a bit. *...
*This is very speculative, I'm cautiously bullish* Yesterday I gave a short advice to buy Namecoin (twitter.com) on any dips @ 0.0026 (which it did). Here is a more detailed explanation of my reasoning. I think most of you have noticed that altcoins made rock bottoms the 9th September. Since then, price spiked rather strongly giving enourmous profits for the...
I took lowstrife's idea for LTCBTC () and applied it to NMCBTC. RSI is showing bullish divergence and RMI is in a similar lower area to where it was during the last large rally.
I've seen this question come up a lot since Bitcoin begun rising. These two altcoins have historically followed each other very closely in terms of price until recently. As Bitcoin rises and altcoin prices have fallen, we have seen Peercoin (PPC) drop below Namecoin (NMC) significantly. I believe the explanation for this is quite simple: there are more Peercoins...
Namecoin (NMC) is currently sitting on long term support. As it takes more and more money to move Bitcoin, the alternative cryptocurrencies will start to pick up. It's a no brainer to throw a few dollars onto this at the bottom with small risk (stop under $2-$2.1) or wait for the break out at around $2.8-$3. It has already sailed through the long term resistance...