Factom $FCT - long idea$FCT has been consolidating for a few years and ready to begin a new run up.
Factom has a low supply and currently significantly undervalued.
Good time to accumulate and patiently wait for great returns.
Not financial advice.
Trade carefully and good luck.
Factombtc
R:R on FCT:BTC is amazingUnsure about the stop, it's not a liquid market and it could dump -20% easily just to bounce back right after.
TP1: 0.003
TP2: 0.005
TP3 (moonboi teritory): 0.007
FCT/BTC Chart looking goodFCT/BTC looks like a buy now.
We have a 21/55 MA buy cross to happen today/ tomorrow. We are still in 2 parallel channels and will see in which one it will continue. From a fundamental side, there has been an increase in protocol usage which is a good sign as well.
I would buy some upon volume confirmation.
There is a possibility for the beginning of an uptrend in FCTBTCTechnical analysis:
. FACTOM/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00160000 to 0.00118000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00160000)
Ending of entry zone (0.00118000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00250000
TP2= @ 0.00301500
TP3= @ 0.00367400
TP4= @ 0.00440000
TP5= @ 0.00501000
TP6= @ 0.00574000
TP7= @ 0.00731000
TP8= Free
Factom bull market initial impulse wave Looking eerily similar to the first big impulse wave that started off the first factoid rally that ended in 100x gains...
FCT/BTC 4H Chart Factom has exceeded even the bravest of expectations this month. I have previously mentioned that it was in a very oversold territory and that it was natural to retrace back up but boy, was that a run! Honestly, I am pretty down at the moment on this trade as I have gotten into a short at the 190k level previously looking at the TD 9 - 1D chart:
Glad I could short on Poloniex as it went to 330k there so I am at still at a loss at the moment but looking at this chart, I think FCT is going down and it will fly like a brick once that blue trendline support is broken. There is a bearish ascending wedge in play at the moment, TD 9 on the 4H chart at a sell signal, RSI and MACD pointing into no specific direction.
Looking for it to go back to 160k level at least or the 0.618 retracement.
FACTOM: MILESTONE 3 REACHED & US GOV GRANT - PROFIT = 54.73% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of June 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 54.73% PROFIT!!!
The increase in price may also be explained by positive developments including:
May 2: This is the third and final milestone for the Factom Blockchain Protocol as outlined in the white paper.
It includes several protocol changes and a networking change that gives us the ability to do further upgrades on the following:
Authority Servers - No longer ran by Factom Inc. Distributed across 9 Countries.
Confirmations In Seconds Instead of Minutes - 600X improvement
More Transactions Per Second - 5X improvement.
Merkle Proofs More Accessible - Proof of Existence made easy with the factomd API.
Distributed Peer to Peer Network - Resistant to denial of service type attacks.
Graphic Control Panel For Nodes - Easily see the activities of the Factom network.
BIP 44 Wallet Support - Factoids can now be integrated into a wider range of wallets.
Robust Testing Infrastructure - New public test net and suite of testing tools.
Support For Multiple Blockchains - Bitcoin and now the Ethereum network.
Jun 18: Factom Blockchain Project Wins Grant to Protect US Border Patrol Data.
The U.S. Department of Homeland Security (DHS) has awarded a grant of $192,380 to blockchain project Factom to support beta testing of a platform aimed to secure data from Border Patrol cameras and sensors, the agency announced Friday.
The price increase is the result of the positive developments outlined above and a recovery in the crypto markets.
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
FACTOM looking to buy for a longer term playBids at the bottom of uptrend. Will also play the breakout of current downtrend.
Small position at this level and looking to increase position size on one of the above outcomes.
Factom/BTC Bullish (Up 13% last 24hrs / Mid-Level Entry Price)• Previous bullish channel (18 degree angle) has been broken pushing Factom UP to new resistance of 0.00320121 SATS in a (60 degree angle) rally.
• My EW wave count shows Factom halfway through its current wave cycle. If I'm correct, it is on it's way to the (3rd) point on its current impulse rally (being that middle impulse can not be shortest by EW theory definition) - If the current (very visible) resistance is broken, we will set new targets at:
• Current resistance: 0.00320121 SATS
• Previous resistance: 0.00290110 SATS
• EMA55: 0.00310519 SATS
• RSI: 72.30 - Sideways trend along overbought ceiling
• MACD: Downward Trend
• TARGET #1: 0.00320121 SATS
• TARGET #2: 0.00335001 SATS
As always, I recommend for every one to further expand their knowledge and do as much research as possible when investing. These are my own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts.
About Factom
Factom is the first usable blockchain technology to solve real-world business problems by providing an unalterable record-keeping system. By creating a data layer on top of the Bitcoin blockchain, Factom’s distributed ledger technology secures millions of real-time records in the blockchain with a single hash using cryptographic isolation. Businesses and governments alike can use Factom to document their information so that it cannot be modified, deleted or backdated. Factom’s technology decentralizes record keeping by ensuring that the integrity of stored data remains intact, providing complete transparency, while at the same time maintaining user privacy in an increasingly digital world.
Whitepaper: www.factom.com
FACTOM FCP on 7500% Trajectory Long Term (LOW RISK)This is a LOW RISK trade ONLY if you hold.
Chart is self explanatory - undervalued coin
If you're a member, you have access to more details on this trade and a few short term 21X rise coins
Do not invest what you can't afford to lose. We are not your financial advisors.
Keep an eye on FCT for possible new bullish wave !There are several key things to note from the chart of FCT/BTC:
- Recently in a downtrend and moving in a descending channel. It has tested the bottom of the channel at least twice already and now the price is lingering around the top of the channel. We can wait for breakout of this channel upwards to place the buys at the ideal conditions.
- The MACD shows that the bears are losing strength and we might witness a reversal to a bullish market soon, as the MACD are about to cross upwards and go to positive.
- The ADX is still in quite a positive value; and we can see how the DI (+) is creeping up on the DI (-), with a possible cross of both DIs in the upcoming days.
We can set the following trade:
Buy above 0.00365
Target short-term @ 0.00431
Target mid-term @ 0.0056
Sop Loss @ 0.0025
Please follow on our Telegram t.me/cryptowhaletrading and feel welcome to leave feedback or constructive criticism on my analysis!
FCTBTC: Long PotentialToday I bought a bit of Factom. This buy was on the conservative speculation of another long term breakout happening within the next 3 months. I am usually close or right on target with lots of my predictions with almost an 88% profitability rating. I hope that Factom is no exception. However, given the downward trends as well as technical potential, I would suggest around a 28.9% to 32% gain in value by mid March. I would speculate it as medium risk through the traditional investor's point of view. The collaborative technology behind is definitely a step in the right direction for emerging industries.
FCTBTC What we expectFCTBTC Actually we look closely to find any extra signs refers to uptrend move but we couldn't
as shown in chart FCT was moving in a parallel channel since Abril 2016, then break it down in October 2017.
it was moving with low to normal volume but before breaking, it's jumped up from the lower border of the channel with high volume in mid of August, the jump made more than 100% - from 0.00375 to 0.00742-
On Dec 8 it's jumped more than 400% - form 0.001025 to 0.00438- exactly the same price range but the low price made it huge
Coincidence met our old parallel channel
SO what if it rises by Whales ?????
We expect they will never can move it up more than their peak @ 0.0073 of course after crossing the 0.382 ret. @0.00624
Thank you
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CoinLoop AI Signal: Coin: Factom FCT - BUYAI Signal FCT
Indicator: Price at all time low support level. Market sentiment high.
Signal: Likelihood of price increase: 85%
