Edit: ETC Nut up or Shut Up! Ballsy Long TradesReposted for Visual Clarity: Hello, Lovely ChartHunter-PipGatherers, there are herds of mainstream altcoins to be harpooned right now, so I'm serving up some thoughts on ETC. Yes, I like big profits. Yes, fraudulent fools call me a "reckless cowboy." Yee-haw. I'm not going to go too much into the fundamentals other than to say this: know your FORKS from your spoons. ETH has dropped almost half of its price since I posted my short trade idea on it. If you were holding ETH you basically got squashed, lol. There may be a few bounces here and there but I believe ETH will continue to sell for a while, and looking for ETC to pick up lots of slack.The most fascinating part of this chart is that it appears to be the most oversold conditions ever on RSI for ETC. I like that. Keep Hunting Everyone.
Digitalassets
Expanse: Just Waiting on That DeliveryA lot going on in this chart, try to follow the patterns, Expanse is quite promising in my eyes, this is another coin where it PAYS to know your FORKS from your spoons. The developer's twitter said "October is going to be a big month for EXP," and they hit a lot of milestones this month, this one is a keeper.
Stellar Long TradeLong trade for Stellar, RSI is distinctly oversold, and the awesome oscillator is awfully quiet. Market cap is over a quarter billion, which is quite substantial, as is the circulating supply of 16.5 billion. Look to the 38.2% Fibonacci level for a general profit target in the near-to-intermediate future. Keep Hunting Everyone.
Bitcoin Bulldozer, Baby: But Beware Belligerent Bears!Title says it all, folks. I been busy hustling and schooling but occasionally you'll see me pop back up out of nowhere, like a wack-a-mole with a vendetta. With the certainty of political uncertainty looming; high-speed post-nuclear WWIII with Korea and Iran, Second American Civil War, mass deportations, impeachment and/or invocation of the 25th amendment, complete restructuring of the federal judiciary, reversal of Roe v. Wade, Puerto Rico underwater literally, everywhere underwater financially, making quantitative easing an increasingly likely threat to economic stability, and the rich simply get richer. If you took the last trade I posted on Bitcoin with the Elliott wave, you're making tons of money, it's falling from the sky, growing off the trees, so don't be a greedy bastid and push your luck like the Adams and the Eves. Instead, lock in profits, pay your bills, keep that credit score above 800, and prepare to hunker down for the eye of the storm. No one knows what's going to happen anymore. These are the games and the powers of the billionaire elite. They make us fight amongst ourselves just to keep us compliant, keep us complacent, and keep us off their backs, while they roll in the dough and slaughter your parents' retirements. The FBI turned the Black Panthers into the bloods vs the crips, the British Empire created India vs. Pakistan, and the Whigs were split into the Country Whigs vs. the Court Whigs. However many historical examples you need, I've got 'em for ya. Don't be a fool. Take some money and run while the opportunity is there, instead of taking a foot up the you-know-where. Typically bitcoin runs up in the final quarter, which is what we're seeing, but it drops off right around the new year, so KEEP THAT IN MIND, and remember that anything can happen. Godspeed Hunters and Huntresses.
Bitcoin needs break above $4480 in 72hrs to regain steep uptrendAround the time of publication, bitcoin US dollar ($BTCUSD) price action remained within a descending bearish medium term channel (colored in purple in the above chart) and prices are still stuck just below its upper resistance line.
A break above that descending bearish resistance line may trigger buying momentum to carry prices towards $4480.
Bitcoin $BTCUSD prices need to break above $4480 in the next few trading days to regain the steep bullish channel that had started from the September 15th low (it could be said to still be within this channel depending on how precise your trendline is to ≠1-2° (views are my own).
A failure to breakout of the upper resistance line may cause a steeper drop along the remaining formation line of a medium term head and shoulders pattern. Therefore, unless an upside breakout occurs, lower highs and lower lows may follow and keep prices stuck in the bearish downtrend until support is tested just above $4000 over the next week.
Counterparty Jump Shot FLDC Overlay - Long TradeThis is a Counterparty all-time chart with Foldingcoin and Bitcoin overlaid for comparison. Foldingcoin is based on the Counterparty blockchain and you can see that there is significant correlation between the two, with FLDC outperforming XCP considerably as measured by percent change. Both of these assets are young, show promise, and have a multiplicity of potential uses in the financial sector, for large national central banks, hedge funds, investment banks, etc. The repeated formation of higher highs strongly suggests rises in price, and ideally we are looking for that BIG pop that breaks past multiple highs in one run, but this is not at all guaranteed to occur. That possibility makes this a speculative and RISKY but attractive long-term long-trade. Therefore I recommend placing a small amount of capital into this trade that you are prepared to lose completely should price continue to plummet and leave you underwater. This type of trade requires lots of patience and a high risk tolerance. It also requires that you be watching the market as frequently as possible, because if and when we get that fat pop, it's likely to be very fast and you need to be prepared to take profits without hesitation. Circulating supply is a meager 2.6 million and the protocol features a "deflationary design," which means that the value of the Counterparty token is likely to go UP as coins are removed from the supply. Happy Hunting Everyone.
P.S. To learn more about Counterparty Technology, use this link: en.wikipedia.org(technology)
Dash: Gearing Up for Another Burst? In my experience, DASH serves as a leading indicator of altcoin markets generally. The reason for this, I believe, is that DASH has cultivated a solid community of interested participants, and the DASH team provides educational content. Dash is popular for being easy for the end-user both to understand and to use, and this is a challenge that many coins have not yet risen to meet. This is my theory for why Dash serves as a leading indicator of the larger altcoin market. A strongly supportive and relatively well-informed following will anticipate general and substantial market moves in a more timely manner than those without access to technologically and economically substantive, uniform content. Keep in mind that this only a theory, but if you bought some DASH a while back and held it, you're making that exponential money. This chart features lots of subjective Elliott Wave projections that are necessarily speculative and designed to show you different possibilities of wave formations and trajectories based on prior history. Note the pattern of higher highs, higher lows, and then lower lows. Hmmm... If that pattern is salient and reliable, might we expect the formation of higher highs after a significant lower low? Look at where the market is right now. Happy Hunting Everyone.
Ride Those Waves: Bitcoin Rudimentary Elliott Wave - LONG TRADEThe time is upon you. What will you do? Will you get rich or will you allow fear and sickly indecision to paralyze you and your bank account? Here we see yet another Elliott Wave Long Trade for BITCOIN. This wave analysis is unique compared to my other published ideas because we have a strong CONFIRMATION of the initiation of wave 5. If you don't understand the Elliott Wave Theory, and why that's important check out some of the comments on my other published ideas, because the simple rules are all laid out there for you. This is a textbook pattern WITH confirmation. The great thing about the Elliott Wave, and all effective and intelligent trading and investing techniques, is that they essentially reduce the question that the investor/trader must ask him- or herself to a simple yes or no. Of course, additional confirmations should be sought through additional forms of technical and fundamental analysis, but here is my answer laid out clear as day. As Bill Gates recently said, "Bitcoin is unstoppable." Happy Hunting Everyone.
Siacoin Rudimentary Elliott Wave Pattern - Long TradeHere we see a basic Elliott Wave Pattern where wave 2(corrective wave) has not retraced 100% to wave 1, wave 3 is clearly the longest, wave 4 has not retraced to the top of wave 1, and wave 4 (corrective wave), appears to be yielding to wave 5, which is potentially the final impulse wave. Siacoin features longer addresses which are cryptographically more secure with longer strings of characters, as compared to standard BTC and other types of digital asset addresses. This is possibly my favorite little guy in the digital asset world today. Those who picked it up at 40 Satoshis are rockin'.
ETH IMMEDIATE Short Sale: Fibs, Fan, Trends, and ResistanceWhat's up Guys and Gals, this is a short sale idea for Ethereum based on 3 prior sharp sell-offs over the last few months. The idea for this trade is based on the market meeting resistance at the 38.2% Fibonacci level (the entry on our potential short trade), and re-testing the 61.8% Fibonacci level (which is our profit target AND potential entry into a long trade). The time-frame to be in this short trade is roughly two to three WEEKS. This is about how long each prior sell-off in the last 3 months took to make their runs, with plenty of opportunities to get out in between. The risk-reward profile on this trade varies depending on where you place your stop, but the example I've provided is a good middle-of-the-road stop (a reasonable 18% loss limit) with an attractive R:R of 1:2. As long as you keep your loss limit under 30%, giving your trade some additional room to breathe is not a bad idea. The benefit of this is insulating your position against the potential effects of breaking news events, while the disadvantage is more risk. Approximated trendlines and the top of the downward channel roughly coincide with the 61.8% level, which, to me, adds to the support strength of the price level there as a buying opportunity. With the Gann Fan, price should theoretically fall faster once it retraces past the 3/1 line. The 3 represents units of movement vertically (price) over the 1 unit of movement horizontally (time), which I also see as added confirmation for this trade idea. If you are just not comfortable selling ETH, I would recommend that you wait for price to come down into the 61.8% level to enter into a long position. Don't forget to check out my long-term Elliott Wave long trade idea for bitcoin as well, you won't want to miss it! I'll post an update if North Korea immediately sends price flying and wrecks this trade. Happy Hunting Everyone.