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UMA - Decision Time is upon us! 67%+ Gains Potential! Hello Traders, Here is one of the more unique projects the cryptosphere has to offer. #1. This is great bc there isn’t a lot of competition in the direction this company is taking. But as a lot of bigger people in the crypto market like to say, this could be a bad thing bc competition is what allows a company to get more creative and to speed up what they offer. Though, I still believe this company is just budding and we will see big things from it in the future. #2. Circulating supply is very low, with only 56 Mil coins currently circulating. Max supply is just over 100 mil. Which will allow for a higher demand once this coin finds it’s footing. #3. Like stock derivatives, but with a crypto/defi twist — UMA is focused on building “priceless” derivatives on Ethereum. The space has been quoted to be worth between 500 Trillion and 1 Quadrillion $$$. While this is all speculation until it starts to take hold, I do believe it’s something to dive deeper into to get a better understanding of. You can read more about what they do here: docs.umaproject.org Technically speaking, I’m seeing a 3-dive pattern forming in the downward channel. Depending, if we can find a support, which we hold, then we should see a strong move up. But to be honest, this is one we want to hold and hold for the long term to realize the true potential this amazing market will be able to offer. Good luck!
COINBASE:UMAUSDLong
by MarkStPeter
2
BNT - Held Trend but will we see a H & S Pattern?Hello Traders, I see some opportunity in BNT right now as long as we can break this rising channel. Though I am cautious if we finish forming a head and shoulders pattern, which will most likely break the channel downwards. Curious what any of your opinions may be on this or if you are noticing the same thing? On the positive side, if we do see a break to the upside, my targets will be set for $11.3, and for the extreme take profit (which really isn't all that extreme IMO) $21+. Thanks & good luck!
COINBASE:BNTUSDLong
by MarkStPeter
12
XLM/USD (My Game Plan with a bit of a ramble attached)I've been watching XLM for a few years now and was fortunate enough to buy back in around $0.05. I said I was going to hold until a buck minimum, but I sold to try to accumulate more coins and lock in profits. Admittedly I rode it down a bit when I should have sold to maximize profits, but some profits are better than none. Anyway, I'm no pro and I've been right some times and wrong at times in the past few years as we all have I'm sure. Due to lack of being a pro, my charts may be crude, I may mistake a bottom where I should start a fib retracement chart (or not flip them upside down at times like I guess I'm supposed to). Regardless, I have put notes in an attempt to "dumb down" my charts and make them easier to understand my mentality and/or thought process. No one can know for sure what will play out, but from my past few years of obsessing over charts I find the easiest way to predict is simply drawing lines. Maybe there are millions of other ignorant people like me drawing the same lines and that is the only reason it works, but hey, the crap works 99% of the time all the time. I can't predict which point it will bounce or cap out with any true accuracy, but at least it is educated guessing vs just outright gambling. It typically minimizes losses when you can at least ballpark what is likely to happen. Also, I've seen other people make comments on XLM as well as BTC and other crypto in general about "the news" causing all kinds of price swings. Personally, I don't buy into all that too much. Sure it plays some part in it, but it sure is awfully coincidental that when all these "news events" happen, the price action still follows the same chart patterns largely. It still hits the same supports/resistances etc. Like looking at BTC, which I'm aware this is going on a tangent, you can measure out how many candles per a cycle of a parabolic run up and price increases etc. The gaps are all almost perfectly symmetrical and like damn near to the day on evenness between cycles. So it is hard for me to believe the news made that much of a difference really other than a short term swing for a day or two. If you like my dumbed down charts and want me to do more with other coins I won't promise I will do them since I've chilled out a bit with the swing trading after learning some lessons a few years back and have been more geared towards longer bigger trades now. (Largely due to cbase charging for every trade now it seems when it used to be free to trade as long as it was limit trades. Now you need bigger swings to make it worth my while which in turn makes it more risky hitting targets) Sorry for the excessive non-relevant background info, but I imagine others on here have weathered past storms and gained some patience in trading as I have. If nothing else, feel free to bash my charts or thought process. Criticism can fuel further learning. Disclaimer: Not financial advice, not a professional, this is just me sharing my plan for trading. Follow at your own peril, but I wish you all get your moon shot Lambos. Happy trading! please leave a like or a comment if you agree or want me to bother with more in the future. Edit: After posting I see it scrunched up the text etc. Just adjust the plot with the sliders to see more clearly.
COINBASE:XLMUSDLong
by bwymore
2
ALT SEASON - When to expectCOINBASE:BTCEUR If this happen to be the start of a deeper correction, we can expect that, after btc bounces off, alt season begins. If all this happens btc will very likely reach to the top of a retracement level which takes us to between 55000€ ($66800) and 61000€ ($74000). That is how it has happened in Oct. 2017, when, after btc finishes it's retest, alt season began. I am not a financial advisor so don't buy anythink i say. Wish you all successful investment.
by CR35
NU/USD - Outlook over next few Months - INVERTED CUP AND HANDLE?Hello Traders, It looks like we may have formed an inverted cup and handle which is usually a sign of a pullback or downtrend. Based on the overall momentum of the market at this time, I don't believe this will happen, at least not a major pullback as we had a couple of weeks ago. But, if we do get the confirmation of the trend breaking the bottom line of the handle, it may be wise to hold and wait it out or sell and get back in at a lower price, depending on your trading strategy/ goals. In all, I am very bullish on this Coin, as well as GRT, SOL, BLZ, SRM, RSR, OCEAN, and SNX. All of these coins have shown some very strong growth, even during the major pullbacks we've gotten over the last couple of weeks. GRT has been going off, the only one that has been holding back has been NUcypher. I think it has to do a lot with the fact that it's a New Coin and also, it's lack of exposure to other big markets, like Binance and etc. I don't see any reason why the other bigger exchanges won't add it and it can't hurt to stalk up your portfolio with another cheap coin. Mid/Long-Term Targets: #1: Retest ATH's @ $.40+/-, #2: $.59, #3: $.89, #4 $1.22. Good Luck!
NLong
by MarkStPeter
4
Bitcoin BTC Macro W3 CorrectionI have been waiting for weeks on this Macro correction. There is no guarantee that this is what's at play here. If it is though, there is no way that the entire correction will take just a few days or 1 week, that's why I am going with this triangle. On top of that, Bitcoin is very known to have a triangle W4. Yesterday, we bounced beautifully from a smaller time frame 0.382 Fibonacci support I had on my chart, it's entirely possible that this was it, in which case we haven't finished that macro 3 wave yet and there is more ATH to come before our multi week (or multi month) macro 4 correction plays out. For now though, longing the macro support struture (Fibonacci support levels on the bigger wave 3 since 9.8k), is the way to go. For me, that starts with a long at the 0.382 which is currently sitting at 25260$ as you can see. If you are scared to miss the next rally, sure you can take a long here and might be able to keep the stop close enough. For me it's still worth waiting at this point, and hope for the macro support levels to get tested.
COINBASE:BTCUSD
by ItsShowtime