Short and sweet on this one. Assuming BTC does not reject the $9,200 levels and make a bearish move, NANO is looking like an excellent alt play after its recent beatdown due to node issues and more FUD. Aggressive traders can buy now. Conservative traders should look for confirmation and buying action leading up to the 90K satoshi level for a third test. It will...
I posted this idea as a comment on my bullish Adam and Eve possibility, but I think this is deserving of its own idea. If Bitcoin cannot break $8,400 here we could see a breakdown to the 5K-6K levels soon on the daily chart. Short entries should only be considered if we begin to head back towards $7,800. We will likely not survive a second retest of this...
First let me lead this by saying that I am still a bitcoin bear. The trend is your friend, and the trend is down . Until we have confirmation of reversal, traders should be extremely wary of taking on long positions, especially with such low volume on most major exchanges. With that out of the way, it's also important to begin paying attention to possible...
Long-term I am extremely bullish on BTC. However there is no denying we are in a crash pattern. Until we get some bullish signals on the daily chart I would be very careful injecting any more fiat into the market. Also,the macro movements of BTC are difficult to predict, so the important thing to note in this chart are the price levels and their significance, not...
So my last NANO trade was one of my more profitable trades (except for when I bought in December, of course), buying in at 76K and exiting around 135K. NANO has outstanding tech and a LOT of good news coming - New wallets, Venezuela project, and roadmap. There are rumors that the roadmap will also contain major announcements as well, as the team has been...
The graph says it all. When Gary Tan (VC for Coinbase) starts tweeting about a crypto, you know people are going to buy it. Stop-loss: 75K (tight stop). Target: 98K
OmiseGO is entering a buy zone. Watch the ascending triangle and volume for potential entry. It also has a little bit of a "cup" pattern. The 0.618 retracement is around 20K satoshi, so this is an important level to watch if you buy on the 17K break. A soft rejection here should be expected, but a sharp rejection would signal the major bearish trend is still in...
Hello all! With the crypto-market showing signs of recovery, I've attempted to find quality, undervalued projects that are showing strong signs of recovery. I have previously posted short-term trade ideas for QSP and NANO, but I'm also trying to find some longer-term, lower-stress trades. LINK is looking very promising as a medium-term trade. Let's look at both...
So I've given out two NANO trades but both trades I had my entry too early. See my previous ideas for their logic and justification. NANO has FINALLY broken its descending trendline (in purple). As 100K is a major psychological level, a break of 100K will very likely lead to a significant bull run for NANO in the next few weeks. NANO also has major news coming...
The bitcoin pump got me stopped out of my last WTC trade (link below). Re-entering my position now as its pretty clearly at an obvious support level. Stop-loss: 222K. Targets: Same as previous idea :).
I want to lead this off by saying I only enter swing plays on positions I feel confident in long-term as well (never subscribing to greater-fool). WTC is a solid project and a great competitor to VEN. However, this trade is based off pure technicals. First, let's look at WTC's recent bull run, which followed an almost textbook 5 wave pattern with a 3 wave...
All, This one's going to be long, but it's worth a read to understand my logic on this position. I welcome your feedback, as always. Last week I posted about NANO achieving a nice double-bottom. This would have been a nice moment for a reversal, had the bitgrail hack not happened. For those not aware, BitGrail was "hacked." More accurately the BitGrail...
For those of you who watched the SEC live, congratulations! The bull is in. The question is, which alts should you buy? The short answer is that right now, most of them are bullish, but there are a few hidden gems that I really love. QuantStamp (QSP) is one of them. What makes QSP different? Well for starters, QSP plans to be an ICO auditing firm. Assuming you...
BTC has had a massive dump recently, as we all know. I myself have been burnt by this, getting too emotional and focusing too much on alt-coins. Mea culpa, mea culpa, mea maxima culpa. All that being said, the best time to buy is when there's blood in the streets, and there's absolutely blood in the streets right now. Looking at a daily chart of BTC we see a...
NANO has been on a strong downtrend since its massive bull run in its XRB days. For those who don't know, NANO (formerly XRB) was valued at only around 0.50 in December, and sitting outside the CMC top 150. The reason NANO has exploded is because it is able to do something no other crypto has accomplished - completely feeless currency. This is accomplished through...
IOTA has been relatively silent lately. However it just broke quite strongly to the upside and has some fairly large profit potential. As you can see, it has returned to its long-term trendline, and made a bullish break of its recent bear trend with volume. Plus their new trinity wallet (beta) is released on January 31st. The signs are lining up for a nice bull...
WTC has so many bearish signals right now I don't even know where to begin. Volume divergence. WTC is rising on decreasing volume. RSI divergence. WTC rising despite weakening RSI. MACD divergence. WTC rising despite weakening RSI. Then there's the elliot wave analysis, which pretty clearly shows a retrace must be imminent. Even if you dont believe ANY...
All, REQ is currently at it's long-term technical support levels, as shown by the ascending trendline. Furthermore, it's short-term downtrend line will cross the long-term uptrend line in a matter of days. This means that a significant decision point is coming for REQ, and it's definitely a position you're going to want to keep a close eye on. In order for a...