New targets for BTC. BTC is continuing it's sideways trend frustrating short sellers waiting for the big plunge back to a thousand. I do not believe this will happen as Segwit2x will shake out and possibly hardfork into two chains. This means a split, at 2500 BTC Core is worth 1250, the other also 1250.. dominant chain? Who knows? New target prices are 3500...
Strong BUY recommendation on LTC. LTC on June 17 broke through resistance at 40 and has continued its bullish trend approaching psychological resistance of 50 USD. Technically increasing money flow into the coin (using volume colored bars on the daily), indicates a further uptrend to test the 50 resistance. A break through the resistance would create an...
This morning BTC took a large drop for reasons unknown to the wider community. It has been rumored there is 500,000 BTC coins for sale at the 3000 level. In my opinion this has been picked up by those eager to short BTC which requires margin. Only yesterday it was widely regarded if BTC was to break through 3000 resistance, 4000 is in the cards in even a...
Bitshares hosts a decentralized exchange remarkedly similar to Poloniex. All the usual alts trade plus a few I have not seen before. There is an unmoderated chat room for those willing to put up with trolls, but there is no doubt everyone there is in one way or another interested in cryptocurrency trading. The recent difficulties and frustration with POLO and...
LISK is a unique alternative Cryptocurrency which allows users and up to 101 'delgates' (a delegate is able to generate new coins) to utilize the platform to develop their own sidechain applications ranging from prediction markets, social media blogs, encrypted communications or anything a user might imagine using blockchain tech. From the Website ; Lisk is a...
On May 21, 2017 we see ETH's largest daily upside wick combined with the largest trading volume since March of 2016. While ETH has enjoyed increasing adoption among institutions, investors and new applications, the ETH Market Cap has skyrocketed past these continuing positive developments creating an element of 'no end in sight' among short term traders. ETH...
Rumor has it tomorrow Monero will make a significant announcement tomorrow that will be very bullish. Volume is consistent, Price action seems to be insider buying. Looks like it could go much higher. Normally I would examine fundamentals as well, but in this case I do not believe it is the basis for the trade.. expecting 60+
The New Economy Coin has a long history relative to other altcoins and has recently shown exponential gains in price. It is my recommendation to buy or hold this interesting alt. The coin features are unique such as NEM's multisig solution (details can be found on the coin's website at www.nem.io ). Encrypted messaging is also an interesting feature. Of course...
Recommendation to sell or sell short LTC May 10, 2017 with time frame of 10 to 30 days. Litecoin's MarketCap has increased exponentially primarily due to the recent bullish sentiment in the Alt Coin marketplace and enthusiasm over SegWit activation. There is no doubt that SegWit activation is good for LTC and awareness of utilization. However from a technical...
the reason I am bullish on the EURO is Trump called for a lower dollar. He probably doesn't realize it, but that is his only hop of stimulating low wage manufacturing jobs in the US where he can point to a 'victory'. He has probably realized that simply by speaking of a lower dollar exports increase.. at the expense of imported goods which his base is willing to...
big downside wick on the three minute and vol spike == they got the trade done and we could bounce pretty good.
SNAP 3 Minute Day Trade chart for a scalp.. 2 reccos this morning, not well known firms. instigated short covering and retail buying, later, algos take over, percentage wise went up too fast especially considering downside volume. bagging retail. playing on the hello kitty phenomenon. expect to close 21.10 or lower. green line is cover, red line is average...
yellow line short, green line to cover 3 minute chart. Day Trade. watching SPY. expect SNAP to break 20. This will be totally invalid in probably the next hour. Stop at 20.30.