NEM (XEM) re-listed on Coincheck exchange____ Click "Like" to help NEM rise ) ____
NEM is a dual-layer blockchain similar to Ethereum but written in Java, that is one of the most popular computer programming languages. Launched back in 2015, the NEM mainnet supports multiple ledgers on its cryptocurrency layer, and the NEM Smart Assets layer supports mosaics to represent any store of value. NEM’s proprietary crypto coin is XEM, which is harvested (mined) using a Proof-of-Importance algorithm. Its the Smart Asset System that makes NEM so powerful. Nodes on the NEM blockchain process API calls, which makes it easy to develop for, whether the dApp accesses NEM’s API directly, through a server, or in the background. In short, NEM built a blockchain-based cloud platform with a NEM Infrastructure Server (NIS) made of secure, decentralized processing nodes on one side and a client side, like the NEM Community Client (NCC), which acts as a gateway.
Back in January 2018, Coincheck suffered a malicious hack, where thieves managed to steal approximately $520m worth of NEM. It was the most expensive theft on a cryptocurrency exchange as compared to the Mt.Gox theft, $450 were stolen. NEM stopped tracking the coins in mid-March after concluding that enough data was provided to local law enforcement to conduct a full investigation. Coincheck responded to the hack by refunding the 260,000 affected users in JPY from their own capital. Such decision to refund was taken very positively by cryptocurrency community and recently, on the November 12, Coincheck announced the resumption of trading for XEM coins.
Quote of an announcement:
“ resumed new account opening and payment/purchase of some virtual currencies on October 30, 2018,” the exchange announced on their website. “With regard to ETH, XEM, and LSK, technical safety confirmation has been completed with the cooperation of external experts and we have resumed payment/purchase of the virtual currency from November 12, 2018.”
After the re-listing announcement by Coincheck, price went straight up, while NEM gained over 60% against the USD. Price tested the $0.15 high, but then immediately corrected back down. Currently XEM/USD is trading at $0.094, after rejecting the 61.8% Fibonacci support. Although the spike below the support has been produced, it managed to close above. This might suggest the strength of the XEM coin, and as long as support holds, price is likely to increase.
However, considering the collapse of the Bitcoin, NEM also remains in the risk territory. Further decline towards $0.086 Fib support, or even down to $0.08 psychological support is to be expected.
Exchange
Selby Bitcoin Price AnalysisNew price/time prediction system of extrapolation based on linear regression and EMA .
This call has two different lows first $5967 and then $5561. If we go below $5686 on the 1day we will be on our way to new ATH's if not we can expect more sideways action for the foreseeable future. The call ends at $6484 on December 3rd.
It is interesting that most everyone thinks 6K is so strongly supported and the bottom is already in. The BTCUSD instrument has hundreds of millions of dollars sitting and waiting at 6k so I understand most peoples ideas about that being the bottom. However in order for BTCUSD to have another true bull run, sentiment must turn negative first which it has not done yet from 19k-6k, so when it falls bellow 6K then we will see tons of FUD and bad news on the internet, only then will we get our next big bull run and it will turn fast!! This call will be invalidated if we pass $6780 on the 1day.
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Rebellion=Change=Future
Cardano (ADA) will become the base currency on IronX exchangeEmurgo and Cardano formed a partnership with IronFX - forex exchange platform. The reason for this partnership is to crowdsource raise $22.3 Million in a private sale, to build a new exchange by the end of 2018 - IronX. Emurgo is a parent organization of Cardano, that has announced its’ plans to use ADA token as a base cryptocurrency in the IronX exchange. a new exchange.
twitter.com
“IronX is a fully regulated and supported exchange for crypto investors, online traders and ICOs. Created by global leaders in online trading the IronFX Group and Emerge HK, creators of Cardano and ADA Coin, IronX represents a new era in online trading.”
The vision of IronX is to build a crypto exchange that is created with the traditional trader in mind. This is why they are trying to merge the best in traditional trading from IronFX, with the best in crypto Emurgo HK, to create a world-class crypto exchange.
Traders coming from a traditional stock and forex markets, might find it difficult to adopt the way cryptocurrency exchanges operate. Thus it can be more user-friendly for veteran traders to move onto the crypto trading. Considering the fact that IronFX is a well known and regulated forex brokerage firm, with huge client base, it becomes quite obvious about the IronX exchange potential. IronX will be using ADA coin as the base currency, which should substantially increase usage and trade volume of the coin in the long term.
The announcement was made yesterday, October 31, when ADA has reached the $0.071 low. There it has rejected 78.6% Fibonacci retracement level along with the lower trend line of the descending channel. Also, RSI oscillator formed a bullish divergence and then broke above the downtrend trend line, signaling on the potential trend reversal.
Indeed, ADA/USD might finally reverse to the upside. But there is one obstacle that it has to overcome. It is the $0.071 resistance level, where channel trendiness are crossing, confirmed by 61.8% Fibonacci retracement level. Upon the breakout, upside momentum should increase, resulting in more ADA gains. Price could reach the key resistance at 61.8% Fibs level, that is $0.081 price, where previously ADA/USD rejected the 200 Moving Average.
However, as long as Cardano remains below the $0.067 support, downtrend will remain valid. And if it breaks lower, ADA/USD can be expected to drop down to either $0.067 or $0.064 support level.
Of course the price is very attractive for Cardano investors. In fact, for some it might seem like a perfect buying opportunity. But while the risk/reward ratio is great, it could be safer to consider investing after the resistance is broken.
Coinbase + FOMO = Continuing UpwardPRACTICE TA - NOT Financial Advice
Established Trend Line
Support @ 1200 sats
Correction of 50% Previous Run
Alt Coins Gaining Traction
With the recent Alt Coin runs, I'm expecting 0x to take advantage of being ONE of two coins listed on Coinbase under $1 !
I may have fudged the TA to fit my theory, but I believe that between the gradual (consistently increasing) volume spikes, the support found at 1/2 the previous ZRX run (thanks to coinbase listing), and the fact that it can be purchased directly with fiat..
I have decided that it would be a great time to load up on ZRX and did just that.
OMG ready to go on a runA lot of people forgot about this project and have already sold their bags as there was not much hype around it. Huge mistake. Plasma will be released soon, my gut is telling me in the next 2-3 months, including their own decentralized exchange. Plasma is currently in testnet and there's already a first game running on it called "Plasma Dog". I seriously think this is the bottom. I've missed buying OMG at 477 sat, but I did get in at 494. I'm expecting it will be trading between 491 and 547 sat before it enters the next stage - 690, approx 40 % profit. Good luck trading this monster.
GNTBTC BINANCE - MRMEGit sounds good...!! it may have a pump - in 1 day chart - binance exchange - Protection with green line - Resistance with red line
- the oval is the first target and the Square is he second target -
GBPJPY POTENTIAL SHORT (1D & 4H) GBPJPY POTENTIAL SHORT
When I had done my pre-market analysis this weekend I wasn't seeing anything that had showed me it could be a high probable trading setup. After watching some liquidity come into the market GBPJPY had caught my attention. GBPJPY is at structure highs on the 1D timeframe and has been showing strong signs of buyer exhaustion and seller strength/control. If you look at the 4H timeframe you can see every push up by the buyer is followed by a very strong push down by the seller. This indicates that the buyers are dying out and the sellers are taking control. It is failing to make new highs and is being followed by strong seller momentum. By the market doing so it shows me that the sellers are interested in selling price and the buyers are dying out. REMEMBER TO ALWAYS LET TO MARKET TELL YOU WHAT IT WANTS TO DO, NEVER TELL THE MARKET. At the end of the day if you want to be trading profitable, and probable setups you have to flow with what the market is telling you. So lets dive into this.
1D Chart:
*price is sitting at very significant structure around the 148.00 handle
*buyers have attempted to re-test highs but sellers smack down price with strength (showing control)
*buyer is dying out (bearish engulfing candle)
4H Chart:
*on this timeframe chart at the highs buyers are followed by stronger seller momentum (control)
*watch for a break and hold beneath the 4H ascending trend-line, so that all participants are on the same page (equating to larger move)
*watch for slight small weak reaction at trend line, break beneath, and a small re-test before dropping (if it does)
1H Chart:
*use this chart for precise entry based on momentum, structure, and good risk/reward
Keep an eye out! Cheers!
Please like and follow my page for more high probable trade setups!
EURUSD WATCH THIS PAIR (1D Chart) EURUSD WATCH THIS PAIR
I wanted to make a post on this pair because EURUSD has been in an interesting spot lately, or I should say a few spots. The market was displaying to me that it was due to the fact that many different people had their outlooks on this pair therefore it led to indecisiveness in this currency pair. If you look at this daily time frame here the 1.15500 handle has been very significant level for price action on this pair. Since May of 2018 (this year) price has been holding above those levels. On August 10th of this year it attempted to break those levels but price ran right back above structure showing us a fake out. This is where the market started showing signs of indecisiveness and hasn't been able to break above the 1.17500-1.17800 price area. THEN recently price dropped from the 1.17800 area down UNDER the 1.15500 level. SO based on what the market has recently been showing me is that price has come down BELOW the significant 1.15500 handle that it had been holding above and HAS NOT ran right back up yet. I want everyone to keep an eye on this pair because it's in a significant spot right now and if price holds beneath this level and shows us some strong seller interest then we may see a more long term drop on this pair. Keep an eye out on this pair and I will to continue giving updates throughout the week on it.
Cheers! Please follow and like my page for more trades on TradingView!
EURGBP POTENTIAL LONG OPPORTUNITY (Short Term) EURGBP POTENTIAL LONG
So after battling myself for a little while I decided to make a post on this EURGBP currency pair. I was battling myself on this due to the fact that the EUR pairs aren't having any great correlation at the moment and the GBP pairs aren't totally decisive either, BUT the momentum on this trade was displaying to me a decent trading opportunity on the short term so I thought I would share it. This pair on the 1D chart on September 21st had a very large and strong push to the upside by the buyers, which caught my attention. It had displayed to me that the buyer was very interested in purchasing this currency pair. Remember let the MARKET tell you what it wants to do rather than the other way around. So lets break this down and let me show you why the market is showing me to go long.
1D Chart:
*on this time frame there was very significant buyer momentum/interest on September 21st
*if you look at the pullback by the sellers compared to the push by the buyer it shows that the buyer is a lot stronger
*the strength shown by the buyer compared to seller weakness shows me the buyer is in control (which is good if looking to buy)
*watch for a higher high higher close (bullish engulfing) on the daily time frame
4H Chart:
*on this chart the momentum is very distinctly stronger for the buyer compared to seller pullback
*watch this chart for a more precise entry and use this chart for risk/reward ratio
*if price breaks the low on Sept. 21st with strength we will not be looking to buy this pair
Remember to always approach the market with a disciplined, consistent approach. Let the market tell you what it wants to do rather than you trying to tell the market, because at the end of the day if you let the market speak for itself, you will see it's trying to tell you something, which is what we as traders capitalize on. Keep an eye on this pair!
Please like and follow my page for more setups! Cheers!
p.s. I post quality over quantity
USDJPY LONG POST ANALYSIS USDJPY POST ANALYSIS (FROM 8/26)
I had posted a trade on August 26th for a potential long on USDJPY. When looking at this pair I had seen that overall on the Daily time frame it had been an a uptrend. Trading is all about probability so I used the fact that price is more probable, if buyer interest is shown, to go to the upside. The Daily chart had displayed to me that price was failing to break and hold beneath the 110.700 price area. Every trade I approach it as a strategic business decision and this pair had displayed to me that it would be a probable, strategic trade to take advantage of.
After seeing the 100% push by the buyers on the daily (w/momentum) I waited for a pullback to come in and for buyer interest to come back at the 110.700 handle so that the market showed me it was still interested in taking this pair long. Once I had seen that the buyer I was still interested I had entered some positions into the market at the 111.000 handle. This trade ended up hitting both targets for a total of 300 pip trade.
All my setups I post are relatively simple and I always make sure to hold that approach with my trading because with simplicity and consistency it can be very POWERFUL. I also want to bring up the fact that momentum is a key factor in trading whether it is a reversal, fake-out, range, or trend continuation, the 4 market conditions I trade. Discipline is key as well. When trading stay disciplined to proper risk management as well as discipline with your emotions. Trust the process!
Please like and follow my page for more trade setups and post analysis. I really appreciate everyone supporting me already ! More to come!
Cheers!
QASH in 30 days!After the release of Liquid launch platform the native exchange token-QASH looks very strong against BTC. It has been already 30 days that QASH is traded side ways in a range 0.000030 and 0.000035 BTC. It looks like it is in accumulation phase and getting ready for the next leg up. The next targets are: 0.000042 and 0.000048 BTC. QSHBTC
ASX Approaching Support, Prepare For A Bounce!ASX is approaching its support at 6227 (78.6% Fibonacci retracement, 100% Fibonacci extension, horizontal swing low support, channel support) where it could potentially bounce to its resistance at 6278 (horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 5.6% where a corresponding bounce could occur.
BTC: Another $1.5K!Hello friends, as described in the idea linked to this post, I anticipated BTC reaching the $9050 level due to the 0.786 retracement and previous retrace patterns.
I expect a bounce at the strong support of $7600, with stops below $7340. There are 3 major supports in this area: first we have all the activity in the area, then we have the long-term trend line, and finally, we have the 0.318 retrace for the current move. Not to mention we have had a good decline from the recent highs. I still expect that run to 9050.
I am no expert in Elliot wave by any means but perhaps there is something here...3 pushes higher in a counter-trend rally. Major bear trend has significantly weakened however.
The stars are aligning to welcome XRP.. Hello all, back at my weekly update and so far so good, all the movement that we were expecting as per the triangles and the resistance lines followed the script.. but now there has been a minor break of the triangle, could be a false break as I am expecting it to retrace back to the 0.45-0.46 level and then start its journey upwards.. A daily close above the 0.52 level would be a good entry point in my opinion as that is a key resistance that XRP has failed to break on several occasions. The other key resistance I feel is at the 0.73-0.75 levels.
In my view, after 7 months of agony that investors have faced this year - hoping, praying, waiting patiently for the storm to pass, some losing faith, some weathering the storm, some drowning.. suddenly the clouds have broken and the sun seems to be breaking through.. We are right at the SBI launch, the Nasdaq backed exchange is round the corner, Coinbase has got the green light to list tokens that may be deemed as securities, addition of other XRP fiat based exchanges etc etc.. logically there is no reason for XRP to go down except unless BTC crashes, but then considering the fundamentals of XRP and whats happening this month, this fall would be very short lived.. the only way I see XRP going is UP.. not expecting any spike but a slow and a very assured growth in the value of XRP in the coming months.
Sit tight, I think the ride has just begun..
My opinion is partially based on my chart above and partially on whats happening around in the news.. but please DYOR and trade as per what you think is right. Good luck !!
ASX approaching resistance, potential reversal!ASX is approaching its resistance at 6091 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal could occur, causing price to drop to its support at 5962 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support)
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.
OKSI CoiN - NEW CRYPTOCURRENCY EXCHANGEKSI Coin (oksicoin.com) is a decentralized WAVES token.
The main crowd project, which will be implemented at the expense of the proceeds from the sale of OKSI - a new, modern crypto-currency exchange (bitstels.com), which will have a number of significant advantages compared to the already functioning crypto-exchanges.
Advantages of future crypto-birzha (domain - bitstels.com)
- low commissions for transactions;
- low commission for input and output of funds and withdrawal of the crypto currency;
- absolute anonymity (trade without verification);
- Offshore servers;
- loyal support service that will respond to calls as soon as possible;
- trading only verified crypto-currencies;
- COMPENSATION PROGRAM for holders of OKSI COIN, which will be held at least once a year (more details can be read here - oksicoin.com)
Site - oksicoin.com
Ascending triangleIf the price will brake above the resistance we are going to see some serious profit. Following the BNB burn process I was hoping for a massive increase, but it fell. I had forgot to see what has happening in the 1Day timeframe. It is just following one of the most basic continuation patterns. Hope this helps :)
BNB UPWARD move on Flag, Upcoming April 15th Coin burnBinance will run up on coin burn, addition of Margin trading this spring. $50 USD target price and will do well moving into the top 10.
Margin Trading to begin in next couple days
Coin burn on April 15th from 20% of Binance profits
Reported 7.8 Million users world wide
Launch of BNB as its own Blockchain
Automated Trading Strategies ::Hello Cryptocurrency traders !
You've probably wondered, Why can't i use Tradingview to Place and View my orders ?
Or maybe you've created a strategy that is profitable, and would like to run an automated strategy.
But unlike our non-crypto colleagues, We have no proper ability to connect to our Exchanges.
That's very unfortunate, but why ?
Tradingview prioritizes high demand requests, and you simply aren't demanding it.
Lets bring this to their attention !
Tradingview uses this community to get public input:
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Great BTC Moves.So much FUD, still BTC holding strong. Near to a Ichimoku 4k breakout from the downtrend. Again a good opportunity for the King. And we are seeing Banks getting in the game. clear buy for me at a 10200$ level and a Stop-Loss at 10000$.
No financial advice, actually never.
Happy Trading.