FCT: End of the downtrend?Factom is showing signs of potential reversal. Now there are two setup in this trade. The first being an ABCD trade followed by a retracement back to the 61.8 fibs level. This will give us an inverted head and shoulder. If this happens, it will further establish a bullish view for factom in the coming days. What are your thoughts?
Trade with care.
Video Analysis: youtu.be
FCTBTC
FACTOM inverse head and shouldersFACTOM shows momentum, with good volume, half way RSI, and inverse head and shoulder. Enter a pull back in a lower time frame. Target as described. GL!
FCT Heading for tomorrow.Greeting Gentlemen,
Under the BTC drama storm, FCT took a good beating in direction of the new consolidation level. YuanBao FCT/CNY, and margin trading opportunity accelerated the whole sheme.
Meanwhile Factom's Team made significant real-life progress in the past 2 week (but FCTBTC down 25%) and is currently gathering a very bullish potential for the following days / weeks.
twitter.com
Release of Entreprise Wallet (7 sept)
americatalyst.com
Factom's Tiana host a important Mortage industies conference, on the panel, 2 Member of Factom. The event encompass the entire housing ecosystem. Participants of the 2 days events are limited to 400 senior executives on an invitation-only basis. (List of attendee on the website; important note : not form the crypto 'community') (sept 7-8)
twitter.com
Nomination of Laurie Pyle (From Factom) 2017 Leading Lady by a Mortgage specialized journal.(Important note : not a cryptocurrency journal/media (12 sept))
i.imgur.com blockchainlabs.org
Factom Win first place prize(Prize=VIP press report, 10kUSD, hands-on meeting with investors and sponsors. Smart cities=http://www.chinadaily.com.cn/china/2017-04/21/content_29024793.htm) At the blockchainlabs summit . David from Factom is also on The pannel of speakers, Along side Nick Szabo and Vitalik.
(14-15-16 sept)
FCT GOING UP!With the update to the factom wallet, volume will be increasing. Bollinger bands are tightening with the candles closing above the midline. If the candles break and close above the top band, we are in for liftoff.
FCT hits support line.FCT already hit support level at 0.00548946. If this level is broken, next support would be expected at 0.00394254.
FCT USD Idea - use it to inform your FCT BTC tradesTrying 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 here and see what the price action and indicators show in terms of reversal patterns.
Please let me know if you have any questions or comments.
FCTBTC Bullish Bat Pattern/Break-Crossing in the 7 day and 21 day moving averages show more downward move to the 77 day moving average. Breakout at point of cross over.
-Volume indicates decreasing selling support and accumulative kind of format.
-Expect a move down to 0.00583808 at which point trade should be active.
-1st target at 38.20 fib level
-2nd target at 61.80 fib level
-An aggressive stop loss at 1:1 of the 1st target.
Now lets watch and see. I would love to see your comments and thoughts bellow thanks.
P.S. Use information for educational purposes, as should not be seen as investment advise.
Factom in uptrend; Ichimoku basic analysisGreeting traders,
Factom is again displaying some bullish signal on the long term.
i'll try and go around the signal provided by a Ichimoky analysis.
1- KS crossing TS with volume is a bullish signal
2- chikouspan is very much equal, it can go both way from here. Confirmation is due
3- In case of a breakout, 710k+ will broke the first resistance. The cloud looks heavy and who know what can happens in those hazardous cloud. Don't forget to set your tp.
4- Don't forget that BTC is always creeping nearby and could unleash a pump and destabilize alt(Btc ratio) in the process.
Best of luck, and safe trading!
Factom Breakout Continuation soon to confirm.Greeting again,
FCTBTC still giving very strong bullish signal, and it could be a good entry for long around the 590-605 area.
I consider this trade more risky, but probably also more rewarding.
We can see that FCTBTC touched the Fibonacci BBands (purple line) a few times already and always resumed with a selloff.
But notice that this time, FCTBTC broke it with solid volume at ,006.
This could be the signal for a huge FCT rally and resumed uptrend, commoditized by news like the Accenture deal. Litteraly one tweet away.
Here are my entry for this trade;
LONG; ,00598 TP- 0,07755 0,082 0,096333
Stop at 0,00570 as safe mesure (BTC)
trade reverse with short at 0,00555 TP1 ,004555
Good luck and safe trading!
FCT Resumption Idea.Hi guys,
Here an idea I feel comfortable enough to share!
FCTBTC is on the act of a prolonged bullish activity for the last few days and offer a interesting RIsk/Reward trade opportunity.
The surge of BTCUSD and the FOMO surrounding BCH have been the major factor in the recent drop and could also play a part in this bullish run.
This idea will look into the resumption of the long-term uptrend, which have not been broken yet.
Short term, We have another pennant forming, Which I expect, could send us right back to the top of this thigh channel, around .00622 BTC(18%). Stop lost set around the .00490 area, Where I believe the recent uptrend channel gets broken.
Long Term, FCT is extremely bullish by nature and since these low prices have bottomed a few times already, it could be the best entry to been seen for the next fews months. TP for long term would be .0077 | .009866 | .01222. Stop limit rather close at ,00450 , as if BTC rally to new ATH, it's the maximum risk I want to take.
Happy and safe trading everyone !
Sincerely,
FCTBTC fibonacci retracement and extensionIt seems overall we have had a reversal upwards. Price bottomed and strong volume indicated a reversal. Price bounced off 61.8% fibonacci retracement level and is now retracing upwards. A good buy opportunity here, if this plays out. UNLESS, The highest point recently is anther reversal or pivot point, the volume was huge and price had continued its downward pace there. Either way, this will be a good way to get out of this trade.
Profit target would be 88%, 100% and just in case someone gets greedy, 127%.
If price fails to reach above next resistance level, trend may be reversed downwards back to bottom, potentiall farther.
Just an idea.
Factom is close to support zone.Factom's bearish trend may continue for few more days but not for very long. Good buy zone is at 0.0054/56 BTC.
FCT/BTC Long IdeaLooking to enter a position into Factom once the price drops down to major support. The last 3 pumps have used this line to bounce off of, which lines up well with the 0.786 Fib level on each of the spikes. I will enter my first position once the price drops down to that support level (Entry Point B). The second entry will be once the price then crosses Entry Point A bottom-up. I will be looking for profits in the correlated exit points (Exit point B = sell position bought into on entry point B).
Price looks like it's in a potential bearish rectangle at the moment which is why I'm expecting it to drop further than what it is. Historically Factom has also taken some time to consolidate before pumping so I'm expecting that to play out again. Stop/Loss for point B will be set depending on entry price
RADS: The Sleeping GiantRads is the embodiment of a "sleeping giant". It mainly competes with factom and civic, but has a market cap 10x less (just 15 million). It has a low supply and a low inflation rate.
Many of you have not heard of Rads... this is a good thing.
Technically, it is sitting on VPVR support (a major demand zone), and it has seen significant downside. Sellers should become exhausted around this point.
For more information on Rads, you can check here:
bitcointalk.org
medium.com
radiumcore.org
blog.radiumcore.org
Development is very active and over half the supply is currently staking off market. You can see that there is not much resistance on the sell side, so very small buying activity should push Rads up significantly.
Overview: Radium is a verification software and protocol that allows businesses and the like to ensure the validity of any transaction, file, etc .
According to Justin Jacobeen, founder of Radium, “The idea behind Radium is that everyone uses blockchains mostly for financial transactions, that is what Bitcoin is based on, that is what I would say 90% of what other coins do. But the very core of how a blockchain works, financial transactions are just information, just data, and what Radium figured is, why don’t we look at putting some other stuff into the blockchain? It doesn’t have to be a financial transaction. Why don’t we put other information, say the identity of another individual?Or why don’t we put in the information regarding like say the Hash of a file? Everyone is pretty familiar with how blockchains and financial records work. You send some Bitcoin, its incredibly hard to change that record in the blockchain because of either the proof of work requirement or the proof of stake requirement. But not we have leveraged that same security, and added that to an identity. So that if you were to receive a file, or something, you could look up that identity in the blockchain and have the same sort of confidence, that the information you are looking at, is valid, that you would as though you were looking at a Bitcoin or some other financial based transaction.”
Radium currently offers two products: SmartChain Verify and Radium Core
FCT Trading ScenarioHello,
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 and with the current chart setup of STEEM, good opportunity of trading could come.
Indeed, on the chart you could see that FCT/BTC is inside a descending triangle which is a bullish pattern because it tends to break upward. Factom bounced on the bottom of this triangle several times on the last month. At this level as you can see we also have a old 0.382 Fib resistance (dashed black line) and also a newer 0.786 fib resistance (cyan line). This triangle should resolve before mid of August.
If the triangle brokes upward we may see an uptrend in order to test 675k (grey 1 fib resistance) and then 740k. If one of the triangle breaks downward FCT may go down to 500k (at the 0.618 Fib resistance). If this support doesn’t hold we may revisit 440k.
On the indicators side, the mix of OBV, ADX/DMI, RSI , Volume Zone and MacD gave a small buy signal one month ago when FCT/BTC tested the bottom of the triangle at 550k.
In conclusion, It may be a good time to buy some Factom (at the bottom of the triangle after a bounce for a more risky bet or when the triangles break for a safer buy).
Factom - time to break the downtrend?FCT coming up against the strong downtrend that started from its all time high. It has failed to break through on 3 occasions within the past few days and is gearing up for the 4th attempt. Sine wave indicates the natural movement will be up and through the downtrend. FCT established some bottom support on the black line trending upwards
Factom still in accumulation stage, descending triangle formingFactom like alot of altcoins lately is one of those tokens that has a great dev team, great potential and great product but has been slowly going down in price due to a lack of news. In the chart you can see a descending triangle forming, while generally bearish, in my opinion based on fundamentals wont last long. Ive been accumulating in the 600-620k range and if it does break out, expect targets of 750k, 850k and then the FIB line shortly thereafter. Sell if it break below 580k with volume.
FCT MASSIVE move for a LONG TERM analysisTechnical Analysis
FCT has finally completed it's first 2 Weekly waves and is now preparing for the master grand Daddy wave. I wouldn't buy as of yet, but I would be monitoring FCT once it shows it's bullish momentum again, because once it DOES and buyers begin to step back in again we can get a potentially HUGE move with FCT over the course of 1-3 months. Happy trading boys :)
It's a Fact - Round 2See me first Factom chart.
There have been two things that have changed since the moon was breached.
1. Alts suffered signficant pullbacks (factom down nearly 70%)
2. Factom fundamentals are stronger (and continue to each day).
Still the one of the best companies in crypto. Still one of the best bull charts.
A whiplash up is coming for another look at ATH.
