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ENG

ENG/BTC Short?Previous shrap price increases lead to retracement to 0.382 fib lines. Associated with large gap between EMA and 50 day SMA, and subsequent cross over. MACD pattern. Will increase again, may follow RSI for correction. Acc/Dist seems high. Price movement may be 3rd or 5th leg of Elliot impulse Difference of 357% and 227% price growth decrease by magnitude of 66%. Next increase 66% less, or + 143% price gain, followed by similar depreciated 35% price correction. Short position at 0.00061 and 0.00067. Re-entry at 0.000445. Thoughts?
EShort
by mcap91
3
BTC USD - Broken lower line could signal new lows below 13500Just a quick one, as monitoring the general BTCUSD trend to inform my context for altcoins markets BTC has formed a nice triangle with responsive supports, which showed initial potential for consolidation and move up. However, strong failure of final support suggests the bears may have broken through, possibly hitting residual supports for longer term traders still in place from the original trend lines (may be coincidental, but raising for discussion as the trend is clearly in line, and marked in light blue for reference). As such, we may now be hitting the lower restraints of the longer term traders - my view is that a second bounce off of 13,500 could signal a reversal if the market has the appetite and the longer term traders respond. However, if this line is broken we could see the trend continue downwards over the next few days, with the possibility of consolidation around 13,000-12,800. Opinion not advice - comments welcome
BITSTAMP:BTCUSDShort
by HODLBro
8
Enigma (ENG) is heading to the MOON!Enigma ( ENGBTC ) is ready for a breakout These patterns come up time and time again. The reason they come up is because of the way whales accumulate coins. They use bots to do this which causes very specific patterns to emerge. You can take advantage of this as a trader if you keep an eye on the coins. The pattern is as follows: Huge impulsive increase in price, supported by huge volume . Then a (sometimes long drawn out) consolidation period where the price action usually falls into a symmetric triangle (sometimes it's an ascending/descending triangle too). As the price converges to the apex of the triangle, the volume drops off. Usually the price will go through an A-B-C-D-E 0.49% wave, followed by a A-B-C correction with a shallow C wave, because there's so much buy pressure. Then we get another breakout after this correction is complete. I've witnessed this with so many coins, but here I'm publishing my first idea ahead of time to show that it really is happening. Whales are accumulating A LOT of altcoins at the moment. If you are smart, you can spot it and take advantage.
Long
by alexcheema
10
Enigma (ENG) - Nice long therm trade.Centralized systems are flawed - due to their structure, they can lead to misaligned incentives, corruption, and security vulnerabilities. Blockchains can help solve these issues, but they suffer from two major flaws of their own: scalability and privacy. Current computing capacity on blockchain is slow and expensive. In addition, sensitive data cannot be stored on-chain. As a result, most data must be stored off-chain in centralized databases. Enigma’s goal is to enable truly decentralized applications that do not share the vulnerabilities of centralized apps. Look at the chart, what do you think ? Im in!
Long
by juneztx
4
ENGBTC Long Term Investment Engima is my secret gem the one I stay I pour some of my profits into, I bought the majority of my portion at 18k satoshi because I really believe MIT is in the forefronts in this crypto-revolution. We've all heard of secret contracts which is the main selling point of Ethereum 4.55% , however Enigma's protocol brings to the table a "secret contracts!" Enigma broke out of Cloud support so once it starts moving sideways I will add more to my portfolio. So what is ENG? "The Enigma protocol is a second-layer, off-chain network that aims to solve the two biggest problems for blockchains: scalability and privacy. By enabling secure, decentralized data computation and exchange, Enigma allows blockchains to truly fulfill their powerful promise." Total suply = 150,000,000 ENG Market cap = $387,721,712 USD Volume = $34,031,900 USD The low volume might discourage some, but if want to invest rather than trade, I really urge you to considering adding ENG to your portfolio, the will have a Master-node requiring ENG token. I urge you to look into the website, white paper ( surprisingly not a difficult read), and development team.
ELong
by Flinsword