Possible Bullish Scenario for Blackcoin (BLK)
BlackCoin formed a strong bottom near $0.12 area, which has been rejected at least three times. After the final bounce, occurred on the 13th of July, price started to move up, breaking above the uptrend trendline and then under the heavy volume broke above the 200 Moving Average. Seems that strong upside momentum has been established and the corrective wave up...
So, here we are. A multi-month accumulation on an epic scale. Just look at it. Have been buying this hand over fist in this zone and was like "I can't wait until all the honest twitter OG's start shilling it". Well, we are in the early stages of that. Needacoin, BitcoinDad, EmptyBeerBottle, and many more have been stealthily shilling this hot piece of trash....
Following the previous idea on BlackCoin , it has proved it worthy, while it broke above the strong resistance area between $0.35-0.4 and went above our upside target that was at $0.95. Currently, BLK/USD corrected back to the previous resistance area: $0.35-0.4 which has been rejected together with the 4/1 Gann Fan trendline. The uptrend is likely to continue,...
Blackcoin have already completed positive correlation waves in the past through long bursts. I expect that given everything going on in 2017 and 2018 regulatory wise plus this crypto's 2014 history, that another prolonged correlation can come soon. They have merchants already starting to accept them, are less than a dollar in price, and are trying to utilize a...
Watch the volume on BLK, if it starts to move up on the Polo list or on forward on the bittrex pages i think this one could really move. Here is my reasoning: A. It is a long time innovator and used to have a huge community following (blackcoin devs invented proof of stake). B. Its btc price is close to ATL's right now and its usd price is climbing towards...