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Let's get a Higher Education w/ $CECOThis stock entered my Over sold watchlist late last week and I was waiting for a little bounce back to ensure that a bottom had been represented. Opened up steaming today and again watched the 5m chart to ensure proper entrance after first dip and then bounce back. Goals and price points are listed on the chart at multiple price levels to ensure profit that can be had in just a few days or even a few weeks. S/L set at opening price way back on Feb. 21 at a Price Earnings Gap play.
NASDAQ:CECOLong
by jeffyanzo
Has Metcalfe's Law Stopped Working for Bitcoin?Metcalfe's Law has been successfully used to value a variety of network effect technologies and businesses, including Facebook and Tencent. Applying Metcalfe's Law to Bitcoin , using "Daily Active Addresses" (DAA) as the "n" value, yields interesting results. Historically, Bitcoin has tracked the Metcalfe Law Fair Price reasonably well. A number of studies have been performed over recent years which validate this and have used various derivations of Metcalfe’s Law. Note: this indicator sticks to the original Metcalf’s Law. Prior to 2018, every time Bitcoin was above the Metcalfe’s Law fair price (calculated using a default “A” of 0.5 here), a bubble had formed, and price quickly reverted back down to the mean. Nonetheless, since February 2018, Metcalfe's Law Fair Price has remained below the actual Bitcoin price, suggesting Bitcoin is currently overvalued. There may be a few reasons for this: 1. Possibility A: Bitcoin may still be extremely overvalued. Since the December 2017 peak, Bitcoin has only reverted to the Metcalfe’s Law Fair Price briefly during the December 2018 bottom. If this case is true, there could be further to fall unless DAA numbers pick up to fill the gap. 2. Possibility B: The introduction of side-chains, private transactions and the Lightning Network may have fundamentally altered the effectiveness of using DAA to value Bitcoin . As more daily transactions are completed off-chain, or on large platforms/exchanges which use fewer addresses, the relative number and growth of DAA may be misrepresented and artificially low. In this case, DAA as it is reported today is no longer useful in assessing the fair value of Bitcoin with Metcalfe’s Law and this Indicator is effectively useless. 3. Possibility C: Neither of the above are true. We are just in an anomalous period in which price and Metcalfe’s Law Fair Price have deviated from the mean for an extended period (and will meet again in the future, potentially at a higher price). 4. Possibility D: Metcalfe’s Law doesn’t really work for Bitcoin . I am inclined to believe Possibilities “C” and “D” are unlikely. Given the way Bitcoin infrastructure is being developed and used in 2019, Possibility “B” seems the most likely, as this case is supported by the fact that a number of other metrics indicate that Bitcoin is currently on the lower side of “fair value” (including Dynamic Range NVT Signal). If Possibility “B” is false, or the impact of private network address usage is negligible, the Bitcoin network may not in a healthy state, with DAA values basically flat for the last 3 years. Regardless, Possibility “A” remains a candidate. Only time will tell. It will be interesting to check back on this indicator in 12-24 months time. Hopefully this indicator has been proven redundant by then.
BNC:BLX
by capriole_charles
3
Dynamic Range NVT Signal for Long-term Bitcoin ValuationABOUT DYNAMIC RANGE NVT SIGNAL NVT Signal (Credit: woobull.com) is akin to a "PE" ratio for Bitcoin, and can be used to identify when Bitcoin is overbought or oversold based on the relative value of transactions sent across the network. This indicator includes a 2 year moving average and standard deviation to identify outlier values, instead of declaring a static high-low range for relative valuation. THEORY A dynamic "high-low" range was chosen for the following reasons: - Bitcoin is only 10 years old, it is likely that relatively "high" and relatively "low" NVT values will change with time, as have PE ratios over the last century. - Some transactions are now made off-chain (eg. Liquid Network's private side-chain which is used by many major exchanges). If this trend continues, we can expect "normal" NVT ranges to increase with time (as the relative portion of public on-chain transaction values decreases). CALCULATION - NVT = Circulating Market Cap / 90 average On-chain Transaction Value* - Overbought (default): NVT > 2-year mean + 2*standard deviations. I.e. NVT Signal is in the top 2.5% of values for the prior 2 years. - Oversold (default) NVT < 2-year mean.** *Data source: Blockchain.info, estimated transaction value does not include returned to sender as change. **Oversold under 2-year mean was chosen due to the skewness of NVT Signal, it is not quite normally distributed. For example: NVT Signal has never been less than the 2-year mean - 2* standard deviations. This may change in the future. NOTES ON USAGE - Use with care. Bitcoin can remain "overbought" or "oversold" for extended periods (eg. 2015-2016). - As Bitcoin ages, the validity of NVT Signal will need to be monitored. Particularly with respect to potentially increasing use of side-chains, private transactions and potentially the lightning network. - It is likely that a 2-year “look back period” for calculating mean and standard deviation will not be sufficient in the decades to come. As Bitcoin matures and stabilizes (some time in the future), a longer "look back period" should probably be used. To allow for this, the defaults for this indicator can be easily adjusted.
BNC:BLXLong
by capriole_charles
20
DENT/USDT IDEAProvided that BTC is in consolidation, it's time for alts to shine ! In my opinion, DENT/USDT looks like a pretty good buy at the current levels given the oversold circumstances. Take profit zone will be the top red horizontal line. Unfortunately on the bearish side, price action is in a descending triangle. Usually a continuation pattern for further downward movement, hence the SL line under the box. Hopefully we don't break this triangle to the downside ! Happy trades everyone ! :)
by KYLEKILLJOY
USDJPY - Prepare for BUY! - Oversold - MomentumHi Traders! As you can see this is a very good buy oppurtunity because we have many confirmation. 1.: For all price action and technical analysts of you: The market is reaching a strong support and it has to test it. 2.: For all RSI-Indicator Traders: The RSI tells us that the market is oversold. 3.: For all Momentum traders: The MACD Histogram shows us a strong moment. When it touches the support it will bounce back. We're seeing forward to buy this pair at 107.122 with a risk-to-reward of 1 to 2! Thanks and good luck :)!
Long
by swissmoneymakers
Bitcoin's Pullback to Upper Support - A buying Opportunity We entered the third era of Bitcoin , the rebirth with an increasing weekly traded volume at 75,000 coins and a succession of RSI overbought levels marking an uprising bullish strength. After settling at the lowest level of the era 3500.0 USD per coin, the crypto is aiming for 20000.0 and upper levels with its third euphoria. The current support @6000.0 acts like a magnet to attract prices. In fact, the predicted upward momentum should be the as same as every phase, +300%.
BITFINEX:BTCUSDLong
by Theperfectionist
4 H BTC UPDATEHello there guys, after few day of inactivity, after the weekly close, yday monthly and quarterly close we have still the bounce up due to oversold reasons going on. We could see the volume was declining, hence a possible rebound due to oversold regions in almost all oscillators. We broke our 1st resistance point at 8290-8300, next possible resistance is 8800, which i think could be the maximum we could have as run up for now, REMEMBER THAT THIS IS NOT A BULL RUN!!!, as you can see we are still under the long term EMA (yellow, blue and light blue) and only the fast EMA turning back, we are still under the death cross, this is just a relief bounce up. Possible we have some wicks above 8800, which is also where we find the FIB level 0.382 level. I'm looking to close my 50% of my longs after breaking the 4 h 50 EMA (yellow), then let it ride till it goes, then also looking a point to revers the long trade to a short.
BITMEX:BTCUSD.PLong
by taryjaya
BTCUSD Critical Point | 200 MA | Oversold Bounce Hello Traders! Hope you all had a great weekend, Update on BTC recent developments on the daily chart , at a very critical point, trading below the 200 Moving Average, we need it to break and stay above this level to keep a bullish bias. Points to consider, - Daily trend bearish - Price testing structural resistance - Price below key moving average - Stochastics in lower region - RSI levels oversold - .50 Fibonacci acting as resistance - .618 Fibonacci is local support - EMA’s both resistance - Volume declining after climax Bitcoin is trading at a very key region, right below the 200 moving average which is in confluence with structural resistance and the .50 Fibonacci level. The daily trend is considered to be bearish as we have not put in a higher high coming out of the bearish descending triangle . The stochastics is well below in lower regions, flattening out; we need to see it show an upper projection. This can be in confluence with the RSI , being way oversold at current time; an oversold bounce may be probable to cool off both these indicators… The Fibonacci levels are quite interesting, the .50 as mentioned before is now a key resistance level , and the 200 moving average coming over price at current given time makes this area of very strong resistance. The .618 Fibonacci level is considered as local support, price is more probable to quickly reach this region if the 200 moving average does not get broken… Volume is declining after volume climax’s, this shows that a volatile move will be at play, we could see a Bart move back and over the 200 MA and or another flush down, to local support, the .618 Fibonacci level… What are your thoughts? Will BTC break this critical resistance level or flush down to local support? IMO it’s pretty risky at current given time, we don’t have a clear direction however, few indicators are over extended, thus a oversold bounce would be more probable… Please leave a like and comment, And remember “A lot of people get so enmeshed in the markets that they lose their perspective. Working longer does not necessarily equate with working smarter. In fact, sometimes is the other way around.” – Martin Schwartz
BYBIT:BTCUSD.PLong
by The_Alchemist_Trader_
3
BTCUSD - Glass half full approachCOINBASE:BTCUSD is having a rough few days. Price is dropping hard and it seems there isn't a consensus of where support will come in. I'm not willing to take a position just yet, but I do want to say that having the RSI already at historic low levels is a bad thing on the daily chart, it does represent some improvement. The major drop from 6k to 3k had RSI reach record daily low levels never before seen in Bitcoin history. Do I think this dump will produce worse RSI levels than the dump at 6k? Most likely not. While we have consolidated for several months and broken down out of the consolidation that does not mean this may not end up being a great dip-buying opportunity. As stated, the RSI is historically oversold, however, in the past, RSI typically doesn't stay oversold long for Bitcoin. The dump for the 6k consolidation that took nearly a year was the lone exception. I'm not convinced we stop and turn around here, because downward momentum on the weekly charts is hard to ignore. However, I will be watching for a potential divergence forming on the RSI on the daily charts if this break down is not bought up swiftly soon, and I imagine it won't. Certainly worth me keeping my eye on. DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
COINBASE:BTCUSD
by BigBitsIO
ZS Support Line? Neg Earnings Brought us Here- Over SoldNot so many days ago, ZS missed earnings by a little bit but still show strong revenue support. You can see the downward gap on earnings day. BUT- Back in February you see the Positive Power Earnings Gap from the $50 support level up to the $57 level. Almost the exact same line as this recent earnings fall. This triggered an OVER SOLD on my watchlist and took a look at RSI well below 30. I love these spots and when looked at trend from beginning of the year through beginning of July, ZS was steadily in growth mode. We are at a greater than 40% price break from the 52 week high of 89.54 Let's see if we can't reach that GAP back up to $59 over the next month or so. Thoughts?
NASDAQ:ZSLong
by jeffyanzo
ChainLink is preparing to test 50 EMA - ($1.95)Fundamental Reason Last days COINBASE: BTCUSD stated process of diversification towards ETH and XRP. We can easily see that diversification from BTC Dominance to CRYPTOCAP:ETH.D and XRP Dominance which are pumping in the last few days. Events from this kind are telling us that the potential drop is coming in the next 3 weeks. Before the drop to appear on the entire crypto market we are going to see growth in different alt-coins, most likely ChainLink will be one of them. Technical Reason At the moment BINANCE:LINKUSDT is at the oversold stage. RSI shows us potential Double Bottom formation. The price was able to rise above 200 Exponential Moving Average, which is speaking of strength and a higher probability for further growth. Volume is under 50 Moving Average, and a potential big move is coming. Likely the price will try directly at 50 candles Exponential Moving Average and tested it as resistance (price around $1.95). Supports - $ 1.50, $ 1.45 Resistances - $ 1.95, $ 2.05 Good Luck!
BINANCE:LINKUSDLong
by Kairos-Alpha
Worst Performing Cryptocurrencies : AIONAion (AION) is a third generation blockchain project that competes with ICX and others by focusing on increasing interoperability between various chains. Some potential use cases listed on the project website include supply chain logistics, Internet-of-Things, online media marketplace, fundraising, and digital identities. Some people have said that the project is too ambitious and it finds itself with the biggest percentage drop in market cap 2018/19. Now I am tempted. Aion is on my Watchlist. Disclaimer: Always do your own research . We are not registered or licensed to provide investing advice or anything of an advisory or consultancy nature.
A
by CryptoTrend-Alerts
2
NZD/USD as weekly market oppurtunityAttention guys and girls, cause this can be a weekly market opportunity with a great R/R! NZDUSD price is at a daily 50.0 Fibonacci level. Here on D chart, RSI is in the oversold area which can be one of our buy triggers. But note also that a higher time frames are still in downtrend movement. The red line is a weekly support level that can be touched if the price break the Fibonacci level. My play is contrarian in this case, with a tiny P/l ratio OFC. What so ever this can be the first level for compounding positions because what we have here is descent swap and hardly expected is to see NZDUSD falling below 0.600
Long
by DejanDjekic
BTCUSD Over Sold Bounce Incoming!Hello Traders, Update on BTC's recent developments, Points to consider - Still in an upwards trend on the 4 hour - Currently testing support which is in confluence with the .618 Fibonacci line - RSI severely oversold, we need to see it break this resistance for a pop back to neutral territory - Stoch starting to show signs of upwards momentum - Bull Volume bar close after several bear closes - Visibly increased volume - EMA's have not caught up with price but, we need to see a cross over otherwise still bearish BTC is looking like its due for a small bounce in the near future before a continued roll back to retest previous support of around $8900. RSI and Stochs are starting to show signs of reversing after reaching ridiculous low historic levels. We have had a sharp fall in price, its is only natural for the market to experience a relief rally, which may top out at the .50 Fibonacci line, now acting as the next possible resistance zone... What are your thoughts ? Please leave a like and comment, and remember, “It does not matter how slowly you go as long as you do not stop.” - Confucius
BYBIT:BTCUSD.PLong
by The_Alchemist_Trader_