Komodo - It's About to Surprise
Updated
Trade this coin on Binance instead of Bittrex.
Binance is less shady, more reliable, and fees are 0.05% if you use Binance coin. Bittrex fees are 0.25%. This is significant to your bottom line as a trader.
Please use the link in my signature below to sign up.
I still haven't had a ton of time to do research on Komodo, but I've done some, and they're looking like they could be a long-term quality project to hold.
The atomic swap with Bitcoin Cash for the decentralized exchange is one of many they've done. Something in the range of 1,200 successful atomic swaps.
It's also a decentralized platform for ICOs outside of Ethereum, and that may prove itself to be a big deal in the future since Ethereum can't handle Crptokitties.
That being said, fundamentals are overrated when trading speculative coins. Fundamentals are important, but technicals outweigh all.
Fortunately we have technicals too.
Our last KMD call hit and we picked up an easy 4:1 risk-reward. Price action has since broken out of the downtrend line and stayed there.
Kumo twists green on the 12H after many, many weeks of red.
Price action should now re-test the all-time high and very likely break out.
New trade structure gives us a R:R of 4.75:1, and that's hard not to like.
Trade posts will likely come to Yours.org for this call and the ZCoin call I made last night later today.
ZCoin is already up +$15 from the time of posting. The limited time I had to do research on it last night made me think it may be a sleeping giant of privacy coins and I increased my position.
Happy trading. Let's enjoy the altcoin season while it lasts.
Hopefully it lasts for a long time,
==
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org/petition-to-the-united-nations
Binance is less shady, more reliable, and fees are 0.05% if you use Binance coin. Bittrex fees are 0.25%. This is significant to your bottom line as a trader.
Please use the link in my signature below to sign up.
I still haven't had a ton of time to do research on Komodo, but I've done some, and they're looking like they could be a long-term quality project to hold.
The atomic swap with Bitcoin Cash for the decentralized exchange is one of many they've done. Something in the range of 1,200 successful atomic swaps.
It's also a decentralized platform for ICOs outside of Ethereum, and that may prove itself to be a big deal in the future since Ethereum can't handle Crptokitties.
That being said, fundamentals are overrated when trading speculative coins. Fundamentals are important, but technicals outweigh all.
Fortunately we have technicals too.
Our last KMD call hit and we picked up an easy 4:1 risk-reward. Price action has since broken out of the downtrend line and stayed there.
Kumo twists green on the 12H after many, many weeks of red.
Price action should now re-test the all-time high and very likely break out.
New trade structure gives us a R:R of 4.75:1, and that's hard not to like.
Trade posts will likely come to Yours.org for this call and the ZCoin call I made last night later today.
ZCoin is already up +$15 from the time of posting. The limited time I had to do research on it last night made me think it may be a sleeping giant of privacy coins and I increased my position.
Happy trading. Let's enjoy the altcoin season while it lasts.
Hopefully it lasts for a long time,
==
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org/petition-to-the-united-nations
Note
Okay, trade thread now live on Yours.org (in my signature). Look for the one with the lizard with fidget spinners.
Note
Longer term charts more applicable on slower, low volume coins, but BBs are tight and this rectangle consolidation pattern after a break out of a trendline is very often a continuation. Ripple did something similar before going from 70c --> $1.20
Let's see what Komodo can do.
Note
Just updated Yours.org trade thread. Not a lot to say as it's traded sideways. Low volume coin.
Patience is required and they're better suited for longer-term holds and plays.
Note
New update to Yours.org trade post. The longer it drags out the tighter on the stop I become. Not necessarily a bad thing.Note
New update to Yours.org post. Literally nothing to say as KMD trades sideways. Merry Christmas.
Trade closed: stop reached
A sharp move downwards as Bitcoin begins a renewed pump. With BBs are narrow as they were, once the break moves downwards and to that degree and below the trendline then long trades must be stopped out for risk management purposes.
Remember with trading alts the purpose is to gain in BTC value not to gain in USD value.
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