This is not an advise or prediction, it just shows the patterns up untill now and as it seem it will soon break
Hi guys! Over the next few weeks we are going to be looking more in-depth at using harmonic patterns across different alt-coins against bitcoin. After carrying out research we found that harmonic patterns can be very powerful and consistent in this developing market. In this example I am looking at Factom against Bitcoin. Price is at the lower end of the market...
Just looking at a few things, only a few things look good. Some charts youll need to make your own, then full screen, then zoom in to see what i do and why, or just dont bother. charts/usd look mehish compared to btc. recent /btc charts in xcp, fct, strat, and others are holding /btc values since early nov, i think this is a good sign, ie compared to oct 1st to...
Head and shoulders formation spotted on 1D timeframe. Possible targets/entry levels 1 and 2 on chart.
A coin that has a working product and partnerships. Horribly oversold and due for a nice run.
Just gonna continue off my old chart sorry if it's getting a bit cluttered. If this chart turns you a nice profit, please consider dogenating to the "PoloVita gets to keep living indoors" fund. It's a good cause. Doge address: DM2whCvsuM4Lw6xnJnuLumNsLF1jboF4WU Btc address: 1G7wcbpMGhqSZzyyurCFZ1io3QNp51zvL1
Looks like it should be a pretty simple and straightforward day trade If this chart turns you a nice profit, please consider dogenating to the "PoloVita gets to keep living indoors" fund. It's a good cause. Doge address: DM2whCvsuM4Lw6xnJnuLumNsLF1jboF4WU BTC address: 1G7wcbpMGhqSZzyyurCFZ1io3QNp51zvL1
It seems like ebb and flow cycle has ended, time to start a new one.
Factom short term possible scenario.
Trying out my charting for FCT. I like to chart in FCT-USD pairs as it removes any BTC fluctuations and price action aligns better with fib levels. please note that this is not a sound prediction just an idea. any trading decisions should be made on your own. What i would do is set up alerts around the key support resistance areas - shown in green and red boxes...
Factom's bearish trend may continue for few more days but not for very long. Good buy zone is at 0.0054/56 BTC.
Hello, Today I will analyze the Honesty record keeping coin named Factom (FCT). Similarly to most altcoins, FCT/BTC took an important (but waited and quite due) correction after going from 220k in March to its all time high at 1465k in May (6.6x growth). Today FCT/BTC trades around 600k which represents 60% in retracement. But with BTC coming back on its feet...
Looking to get back into Factom and trying to convince myself.