Trying to learn Ichimoku wave theory. The bounce was off the weekly cloud which just had a bearish T.K cross. I will be looking at a short around day 65 with the re test of the falling wedge. Not a big FX vol fan but the volume is low on the bounce.
Bullish T.K recross above the bullish cloud with lagging span above price. Price is within a multi year pennant so it we will see if there is enough momentum to break out of it.
Factom has a strong historic buy zone and sell zone. If circle can bring back some of POLONIEX's volume for the next bull run (whenever that will be) $FCT can be margin traded
Broke down from bearish flag. weekly also in bear flag. Entry was retest of cloud
An old favourite with innovative mining. If you missed the bottom now is the time.
Resistance turn support and a broken bull flag Entry at 30.8
There are positive signs for a trend reversal but I think the most likely scenario is BTC trades between 9000-7800 for the foreseeable future with no real direction, possibly a capitulation wick down to the 5000 mark. It is worth nothing the many hedge funds have will only invest in products above a $100,000,000 valuation which is $5887 per BTC...
All the ALT's have a history of moving together and NEO is no expention. Cloud is signalling a good R:R The FA is that NEO now has 24 ico's on it that all look to going through accumulation (Mostly on KUCOIN). It is also coming off some old FUD regarding the centralisation of NEO which, in a speculative market like crypto, seems to help with bounces. See...
There is money to be made but remember to keep looking at a trade form all angles.
Whilst it is often cited that precious metals should make up 5-20% of your portfolio It may be time to consider increasing it due to the historic store of value and political unrest.