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Storm

Can short term alt-coin fractals show us the future?I spent the day scalping the STORM BTC chart (my new favorite thing). This inverted cup pattern immediately popped out at me. It's the same as Ethererum! (and lots of other coins with charts that look like Bitcoin) The attached picture below shows the detail on the Storm chart. Interesting part: - The Ethereum chart shows 4 hour candles, and it drew this pattern over several weeks, starting with the Feb 6th bounce - The Storm chart is on 1 minute candles (see the picture below), and it drew the pattern in a few hours, months after Ethereum (and Bitcoin) did on Feb 6th. Them's some serious harmonics! I'm very curious to see how much the Storm price action that comes after the pattern will look like (or not look like) Ethereum's future price action. Cheers! -B
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by befunkt
Storm seems to be going for wave 3 upwards. Target around 400.Based on elliot wave theory and fibonacci we can see that the first wave was done around 335 satoshis. The second wave retraced back towards around 275 satoshis. According to the elliot wave theory wave 3 is the longest and will be at least 1:1 with wave one. Using fibonacci extensions around 275 satoshis this will bring us up to around 400 satoshis. What do you think? Please leave any comments below and show others what you think.
SLong
by Altcoin_Hero
13
Lets Hope The Sun Shines!Here we have a new coin new chart new opportunity. Storm is the coin, charts looks good and slowly developing into what we want to see to make us some cash! We have a bullish divergence but we are not ready to enter this coin yes due to the below, but we will prepare ourselves now..... Ok so the chart tells us that we look to break high but we face resistance and it may be a day or 2 until we see the move. When we cross the 50EMA we will have aggressive traders buying even based off the 1H chart, but we will be conservative. We need the volume MA to come down a little lower and have volume return into this coin before we even think about breaking. We do not buy or enter this trade until we see a candle close over the blue line at this point we can enter. This is a trade we need to monitor before we can place a stop loss as the stop loss will be 1% below the blue line but we can't set this until the first 4H candle closes over the blue line. So you monitor this trade on the 4H charts after entering. We expect a good day or 2 before we see an entry but its best I post this now so you can watch this trade develop. Being a new coin we are always caution on entry and please be patient. Cash Is King! We Love it, we need it so come join us and earn it!
S
by Cash-is-King
8
Which occurrences determine the price of Bitcoin? Why is that pressure on the price of Bitcoin? What is the reason for the huge drop in the price of Bitcoin? Why is the correction such excessive? Let’s have a look on the two main influencing variables. Criminal activities in the milieu of Bitcoin. Governments worldwide seized Bitcoins worth more than 3.8 billion USD . They started to sell this huge quantity of coins, which makes a huge pressure on the Bitcoin’s market value. The calm before the storm. Like on any other cryptocurrency with a fixed number of coins, there exists a relation between the number of Bitcoin users and the price of the Bitcoin. As the price of a coin increases with a growing number of users, a cryptocurrency has no inflation on the long term. With a fast growing community, the price of the Bitcoin knew only one way: up, up and up like a rocket. However, things are changing to the bad right now. For several reasons, the number of Bitcoin users will rapidly shrink on the short and middle term. Because of the relation between the number of users and the price of the coin, we will see a fast drop in the price of the Bitcoin and it will not recover from the low price on the short term. Please read the full, very detailed story here: achieve-your-goal.com Technical analysis After a sharp drop from 17174 down to 9005, the price is consolidating right now. The consolidation range may go up to the red dashed line at 12787. Above that line, a lovely bullish scenario of riches and wealth is waiting. However, will the price of Bitcoin achieve to regain the bull-trend and go towards 22500 and 24000? It is more likely that Bitcoin fails to break that red dashed line and remains in the bear-trend. If this is the case, after testing the level of 12787, a sharp drop in the price down to 5568 will follow. I personally think that it is a good idea to sell Bitcoins during this current consolidation phase and avoiding a huge loss. Disclaimer I sold all my Bitcoins and I will rebuy them once the price of the Bitcoin will be below 6000. I publish my personal opinion and not a trading recommendation. It may be that I change my mind without an announcement. Everybody has to take his own decisions and is responsible himself for his trades.
COINBASE:BTCUSDShort
by luckyhelper
1
STORM IS COMING...NATGAS after it's rally reached it's 1)200EMA,20)it's mid-term channel boundaries and 3)61,8 FIB level has bounced back to 3,030 level. Weather forecasts can't give more fuel to this rally due to the time of the season. Big contracts have already signed this period that could help the price of NATGAS brea 3.100-3.200 levels. Top is near that's why i am going short.Targets are up to your risk tolerance.. First target 2.975 area 30MA support and topical ressistance and second target at 2.885 area fib and support level and last 2.800 strong support... Happy trading guys..!
NYMEX:NGJ2017Short
by The_Greek_Trader
3