BTC January FreeFall Similarly to how it -artificially- and quickly gained altitude in may of 2019, the Bit-Coin shall dump,It shall go back and regress to the mean, at which i expect this level to be around 5400~5700 $. although I'm not sure, there could be a flash crash to 4500$, so I have placed my buying support at different levels from 4900$ to 5600$, let's see how it goes. For now, I do not hold a single Bitcoin and i'd be very careful with my alt long positions, will buy again after that crash/return to the mean .
patience pays...
*bear emoji
Happy trading !
Dumpit
SHORT - MATIC - Trading OpportunityBINANCE:MATICBTC has been making bearish divergences since it started pumping to 225~, the price keeps climbing and RSI dropping, and now having been rejected twice from the weekly resistance, a huge drop is surely coming and we wont like to miss this opportunity.
Entry: 0.00000332
Target 1: 0.00000295
Target 2: 0.00000244
Target 3: 0.00000219
SL: 0.00000351
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Quick explanation why ICOs went so bad.So the ico hype and craze came with allot of cool ideas. Here was one that raised 20 million usd ico and started off trading at over 1000 sats think all time high was around .34 cents usd. Down over 99.9% from ATH. Down 90% from initial ICO. Is it going to meet it's doom and lose all speculative value? What happens if it does? Does the company die?
Before getting into the technical Analysis I want to talk about why it is down so much as this is something everyone needs to consider before investing or even starting a trade. Overall valuation. What is it? how can we determine it with limited data?
Well to start off we need to look at how long the company has been around, who started it and how much they raised at ICO?
With Block V it is a little tricky because they have a parent company called Vatomic LLC they've been floating this idea around about the block v platform since 2015. www.crunchbase.com Next we need to look at who's involved and what else they have going on. I'm not going to throw names on here but research will show allot of people involved in vatomic or Block V are involved with other business's that intend to use this platform, DYOR. So it leads to the Question is Block V they're main focus or is it just a platform they use to reach they're end goal? When Guys like Novagratz talk about them he mentions Vatomic the company and not Block V the platform. It's just a platform they use for they're other companies. When they get a partnership is block v creating these vatoms for clients or one of they're other companies like Vatom labs or Varius Solutions getting hired and earning the revenue? Yes they need the platform to work to use it but they do not need it to be a household name for they're other companies to be successful. Something any speculative investor needs to keep in mind.
Next Lets look at fund raising. They raised 20 million usd at ico for tokens that provide 0 share in the company. What have similar business's outside of the crypto space raised? Wikitude which is a similar digital object platform raised 2.1 million Euros or $2,332,575 usd in 2009. I'm comparing to wikitude and not others because minus the blockchain aspect the platforms are pretty similar. So 1 company raises 20 million with 0 stake in company to investors. The other raises 2.3 million and offers stake in company to investors. Wikitude raised 88.5% less money than Block V. Notice that % difference is very close to how much block v is down from ico price. Only off by a couple %.
Earned income. How does block v earn money since theyre token is down over 90% in value, How does theyre revenue model compare to others? You can argue at ICO they presold theyre product to users aka token holders. Those were they're inital customer base. you need the token to access the platform so it's part of they're product or platform. Yes they charge .02 usd per object created. To earn 1 million USD in revenue in 1 year or 5% of what they raised they need to sell or have 50,000,000 vatoms created. That's allot of objects. Wikitude just charges for the software $2,765 for the software license. They need to sell 362 copies to earn 1 million usd in revenue per year. Imo its much harder to get 50 million digital objects sold than 362 pieces of software.
Lets talk about maintenance, features and ease of use. Block V charges a $.02 cent maintenance or renewal fee per year for each digital object you create if you want to keep them on the platform. Wikitude is a one time fee for the software. Features. Although blockv says its a ar platform and has a AR app. However to use AR on a Vatom you still need AR sorftware, it only allows you to use AR on a vatom. Wikitude is the complete package. No other software needed to use AR on your objects. Ease of use, Block V is very hard to use because documentation and support is lacking, still missing features promised in white paper. Wikitude documentation is 100% complete they even have a no code feature to make it easier for non tech savy business's and people to use. A company using block V probably wont be able to create digital objects in house as the could with Wikitude. That will cut out majority of small business's using the block v platform when you think about it. It wasn't created for them.
Valuation. We can't determine how successful they have been to date. Can't tell how many different companies and agencies are using the platform or amount of vatoms being emitted per campaign or how often they are. You can look at the vatom map and see how many vatoms have been emitted though and although you see progress does it justify the amount they raised or its current market cap of $4 million usd? Wikitude has a current yearly earnings of $4.1 million usd. Just based off they're earnings you can assume they have more daily users on they're platform. Both independent developers and business's.
How the investor makes money? Block V you're speculating people want to use something and you will be able to sell what you bought at a higher price. The real reality is investors only bought access to use they're product. They also crushed investors buy delaying they're economic model. At least if you bought at ico it was 1 vee token = 1 vatom. New model is 2cents usd per vatom. So if you bought at ico and trying to make vatoms. They cut the amount you can produce by 10x since its current price is uner $.002 of a penny. They signed up to be a customer. Wikitude earns over $4 million usd a year, its profitable, Investors own part of the company it's a night and day difference.
Now lets look at the charts. With everything said above its pretty obvious price was gonna go where it did well before even looking at a chart. Vee has been in a 21 month downtrend. Out of the last 21 months, 5 months were green and 16 months red. It's not looking good. Looking on the weekly chart since July It has printed its third lower high to confirm that the trend is still down, there's no indications of letting up. Since it bottomed on September 9th it has printed its 2nd lower low on the weekly. On sequential it did flip from a green count last 4 weeks to a red count which also signals a reversal. Volume is allot lower than it was back in july and even lower than it was a year ago. That signals traders and speculators are not stepping up for this one. Also when a asset goes down in value over 90% from initial cost i think people generally don't want to risk getting burnt. As a investor or long trader you need the price to go up not a downward death spiral.
With all that said i see the token eventually trading between 1-5 sat level. Most likely no later than July 2020. We're still in a bear market the trend never changed. You'll get you're occasional pump and dumps because to 99% of people that is all this is. Its a utility token and has 0 value. It's access to use a platform that's it. Its not a investment vehicle or a token that should be traded. Speculation died on this one well over a year ago and that's exactly what the chart shows.
Will Block V die? No. All speculative value has disappeared though never to return. Even if the token trades at a 1000th of a penny the people that need to use the token will still be able to. If every exchange delists it everyone involved in vatomic and partnered companies will still have access to vee.
I created this post as a hope that some people in this space will read it and smarten up and do more due diligence in this space. Knowledge is power. The more people that can evaluate projects properly through research and TA the less people get rekt in this space. 95% of these projects should not be here. They only exist because of the exuberance of 2017 and these projects decided to take advantage of that.
Best of Luck on your trades!
VIBE and NEO partnership for cross-chain communication VIBE and NEO partnership for cross-chain communication for the next era of games.
Hey everybody! On behalf of VIBE & NEO, we’re happy to announce a partnership for cross chain communication for the next era of gaming. It has taken an immense amount of development since 2017 from both companies for this partnership to be possible. We’re very excited to see what the present and future holds!
The partnership between VIBE & NEO will see both NEO & GAS integrated onto the VIBENet chain. VIBENet is a layer 2 solution built for the next era of gaming. VIBENet is able to facilitate instant atomic micro transactions with no gas fees, a necessary component for the next era of blockchain gaming.
To kick off the partnership, NEO will be integrated into the crypto first person shooter game ‘VIBE or DIE’ which is built on the VIBENet chain. ‘VIBE or DIE’ is a first person shooter game similar to Call of Duty and Halo. There is a total of 6 maps for gameplay and the game mode is a Free for All Deathmatch.
Users will be able to play with NEO in ‘VIBE or DIE’ starting the second week of September. The VIBE and NEO team will be putting together a competition of $5,000 U.S.D in NEO to ‘VIBE or DIE’ users playing with NEO in September!
This is only the beginning of a great partnership between NEO & VIBE! Please stay tuned for more updates and information about the ‘VIBE or DIE’ NEO competition in the coming weeks!
SHORT- BTC - Trade Opportunity#XBTUSD Short/Hedge - We believe that a "Bart" is coming to fill the CME gap and to retest the top of the ascending triangle. For us the stops will be taken first before a dump, better to be prepared, going to short with 2 layers:
ENTRY: 8888, 8957
1st TP: @ 8406 (5.80%)
2nd TP: @ 8232 (7.75%)
Stop loss: @ 9051 (1.44%)
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LTC/USD - VERY BEARISHTarget: 0.0110
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates potential support/resistance .
Red line indicates t/p.
This is a log chart.
This chart is made using fib channels.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
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Long Entry 5700-5900 - TARGET 6500-6700Why will I be Long?
1. Bull Div taking shape (4 Hour)
2. A completed Elliot wave on the last swing high followed by the current ABC retracement suggests a bounce around ~5.7-5.9k
3. Shorts at 38k at time of publish
Why I think it doesn't bounce here at 6200-6300?
1. Death Cross between 200, 50 MA (4 Hour)
2. RSI rejected at key resistance level
3. Strong rejections at each Fib Level.
Let me know your thoughts :)
BTC SHORTS | DUMB MONEY VS SMART MONEYThis is an analysis of BTCUSD SHORTS vs BTC
Today's lesson we will attempt to understand, where Smart Money shorts, and conversely where DUMB Money shorts.
This is somewhat satire, and should be taken with a light heart. If you are in either category I'm not here to offend you, nor to compliment you.
Except, if you Short Sold the top of every rally, aka Smart Money, Congrats Madam and Sir
Green circles, complimented with green vertical bars represent where SMART money Shorts the Market.
I was able to identify 3 key levels where smart money short sells, 21,000 18,900 and 16,000 @ BTCUSDSHORTS level.
These guys have been the bear market champs! Shorting the top of rally, with impeccable timing.
Red Circles, complimented with yellow Vertical bars, represent where DUMB Money shorts BTC
In Era's of Dumb Money Shorting, we see shorts FOMO, parabolic increase in short positions, only to cover or get liquidated at a later date.
2 of these Era's can be considered a Selling Climax, well because, Selling was at all time high, check the BTCUSDSHORTS chart.
The inverse HnS Shorts, We'll call them, sorta dumb, because they shorted a reversal formation.
We'll see how this one plays out,
We're about to enter the BTCUSDSHORTS "Sorta Dumb Money" area,
If the short works, then my analysis is broken.
If it the short doesn't work, then "Sorta Dumb Money" is sorta dumb.
One thing is certain, Short selling is on the rise,
And Bitcoin just set a higher low, at a Short Selling Climax.
Amazon bearish divergence currentlyI went ahead and showed all the divergences on amazon over the past 8 months or so, they've all had effect from minimal to large effect, we have bearish divergence currently, so amzn will probably pull back to the bottom of the wedge at least.
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Finally a pullback?Potential bear divergence forming.
Posting this now to revisit in approx.48 hours.
The problem here is such a bear div leads to a lower low....
So if this does get confirmed.... oh boy oh boy....
If we continue upwards, let's hope that the fisher also makes a HH.
Right now, I am calling a short. No opened positions until i get better confirmation. LOTS of resistance around the 7800 range. A fail of that level will result in a short. A break will lead to the low 8k range.
USD/CNH ShortMarket needs some correction after that kind of rally. Bulls are exhausted.
Prices didnt break 6.7 and as u can see this is an important history level.
RSI, MFI, and CMF are all reversing, after peaking like mad. (on the 4hrs).
The 30 minutes already completed the inside bar pattern, hourly vvill make it in 10minutes if it closes belovv 6.684.
I believe in a correction that could bring us dovvn to 6.6 or 6.52 area.
Maybe lovver. But those are my first 2 TP's. Stop Loss above 6.7.
You can see asvvell that GOLD is trying to bounce, vvhich is inversely correlated to USD.
I vvas able to catch some entries above 6.69 so I think I'm really fine on that one but it could be vvorth jumping in the train novv! VVait for some bounce and short it might be a nice idea. I'm expecting the correction for at least this vveek and I'll keep updating along the vvay, could stay until end of month maybe, depends on many things.
Thanks for reading!