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Enigma / Bitcoin

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ENGBTC trade ideas

Enigma (ENG) is heading to the MOON!Enigma ( ENGBTC ) is ready for a breakout These patterns come up time and time again. The reason they come up is because of the way whales accumulate coins. They use bots to do this which causes very specific patterns to emerge. You can take advantage of this as a trader if you keep an eye on the coins. The pattern is as follows: Huge impulsive increase in price, supported by huge volume . Then a (sometimes long drawn out) consolidation period where the price action usually falls into a symmetric triangle (sometimes it's an ascending/descending triangle too). As the price converges to the apex of the triangle, the volume drops off. Usually the price will go through an A-B-C-D-E 0.49% wave, followed by a A-B-C correction with a shallow C wave, because there's so much buy pressure. Then we get another breakout after this correction is complete. I've witnessed this with so many coins, but here I'm publishing my first idea ahead of time to show that it really is happening. Whales are accumulating A LOT of altcoins at the moment. If you are smart, you can spot it and take advantage.
Long
by alexcheema
10
$ENG.X #cryptocurrency #ENGBTC building for a breakoutAfter being denied twice around 0.00041-42, ENGBTC has held support. The large volume coming in yesterday seems to have stabilized ENGBTC for another potential test of ATHs. However, failure at the support levels shown might indicate further correction is necessary and likely. Ideally, would like to see a solid volume move above 0.00045 for this play to strengthen. In the current environment, I'm betting more on breakouts than breakdowns. Coinhills' website here: www.coinhills.com provides a good quantitative metric to keep an eye on for considering when alt plays become weaker. You can trade Enigma on Binance, a growing platform you should try if not yet already registered; they're currently upgrading infrastructure so you may not be able to register immediately. Using their token, BNB, lowers trade fees to 0.05%. If interested in registering, I would appreciate if you use my referral link: www.binance.com It helps me a little and your fees are the same!
Long
by JustChartThings
Enigma (ENG) - Nice long therm trade.Centralized systems are flawed - due to their structure, they can lead to misaligned incentives, corruption, and security vulnerabilities. Blockchains can help solve these issues, but they suffer from two major flaws of their own: scalability and privacy. Current computing capacity on blockchain is slow and expensive. In addition, sensitive data cannot be stored on-chain. As a result, most data must be stored off-chain in centralized databases. Enigma’s goal is to enable truly decentralized applications that do not share the vulnerabilities of centralized apps. Look at the chart, what do you think ? Im in!
Long
by juneztx
4