My Favorite Low Cap - Smartlands (SLT)A lot of people don't know this (there's a huge information gap in the crypto space), but XLM is also a platform, in addition to being one of the fastest cryptocurrencies out there. SLT is one of the coins on the Stellar network. It's a platform for STO's (security token offerings) - a use case that may end up being quite attractive for everyday investors. Tokenizing assets may provide a pretty powerful avenue for financial inclusion, since it allows people to tokenize real property, and things one might not have ever imagined being "shared." It's a somewhat utopian vision (and I'm harkening back to my post on crypto analysis as science fiction), but one can imagine an economy where everyone participates in the trust of a global network of shared value. Of course, the wealth disparity is a growing problem, but this is a small step closer to some financial accessibility. That's Stellar's vision, so it's not surprising that Smartlands decided to build on XLM. It's time for an update on SLT, since we've finally gotten a little more price history on this one.
As some of you may have noticed, low cap altcoins have gotten the worst treatment since this past Spring. This is why a lot of "seasoned" crypto traders will hold mostly Bitcoin and Ethereum during bear markets and then diversify out as a floor becomes more obvious. We're seeing that happen right now. It may not be fairly obvious yet, but cryptocurrencies are starting to react positively towards news, and several are making serious attempts to break out. Just look at VET, NEO, ONT, TRX, and others on the China news. Look at XLM from yesterday's coin burn news. We're seeing a shift in market sentiment. Buyers are starting to get excited about scooping up altcoins. Of course, it's all speculative, but what drives the value of any given cryptocurrency over time is the fact that people will hold more than they spend. So far, demand has outpaced supply on larger timeframes for many cryptos, so one can assume that this will continue to occur, even if the process slows down a bit. But this is essentially why I've started posting some altcoin charts recently, even if they're highly speculative.
I want to emphasize that SLT was actually one of the best performers during all of 2018, outpacing both BNB and LINK. It might have actually been the best performing coin in the entire market for a while. While the rest of the market declined 90%, SLT actually gained in value, rising from below $1 in February, 2018, to an all-time-high of $7 in the fall. It also went parabolic against XLM (its primary trading pair). I originally bought at 2 XLM, and as it went parabolic a year ago, I sold some of my position at much higher levels (18, 23, and 43 XLM). I'll admit - I got lucky. I didn't know anything about the project or its potential when I first bought some. It was one of those things where I was looking to put a tiny amount of money into a couple of small projects. Ultimately, SLT went from less than 3% of my portfolio to over 20% at one point. Now, it's back to 3% of my portfolio, even after tripling my original position and taking some profit. That's how poorly it's performed since April. Despite this decline, SLT has done extremely well in the past, and I don't think its fundamentals have changed since then. I'll explain why further down.
As you can see, SLT is worth only a small fraction of its previous Bitcoin and XLM value. Just look at this chart! SLT declined 98% (NINETY-EIGHT PERCENT) in Bitcoin value since it was listed on Bittrex. To most crypto investors, this would be a really bad sign. Even as much of the market continues to recover, SLT is close to its original market price and has erased almost all of its gains. A while ago, I actually wished I could see low prices like this for Smartlands again. I think it represents one of the greatest risk/reward plays in the market. With a total supply of 7 Million coins, one needs only 7000 SLT ($3000 currently) to own 1/1000th of the total supply. That's the equivalent of owning 17,000 Bitcoin, or what would now be worth close to $160 Million. For whales, $3000 is nothing. If even one person with a decent amount of "play money" decided SLT was worth owning, they could buy a huge chunk of the supply. At the present time, this would be hard to do, since Smartlands has a liquidity problem with lots of regulative clarity needed. Over time, I expect this to change. Even owning 7 SLT is like owning 17 Bitcoin (in terms of supply percentage). Not that SLT will be worth Bitcoin's market cap, but I'm just using this to explain my reasoning of why I think it's a decent risk/reward play with even a small amount of money.
Although the price outlook may seem bad, I actually continue to support the project. I removed a couple of coins from my portfolio much earlier this year (WTC and GVT) - projects in which I had lost confidence. In hindsight, I do wish I had sold more SLT at the time, since it would have shielded me from some more losses. However, there are three main reasons why I have not let go of SLT, and why I think it can surprise many people yet again:
1) The Smartlands community actually continues to grow. Every day, more members join their Telegram group. This is actually the sort of divergence I like to look at, when trying to decide if something is worth holding onto. Does price reflect actual growth of the community and company? If not, it may be severely undervalued in the market. Take a look at VeChain. It has one of the largest crypto communities out there. But it's not even in the top 20. With coins like GVT and WTC (still glad I let go of those positions), I noticed declining communities and sour investor sentiment. I have not seen these things with SLT, aside from some disappointment with regard to price (understandable).
2) The Smartlands team continues to work hard, venturing into a very difficult new frontier (the STO market). They've also worked to gain access to U.S. investors, which is something a lot of projects have completely shied away from.
3) As mentioned above, risk/reward
Now to the technical analysis:
We can see that SLT did break the steep downtrend, but not before declining even deeper in Bitcoin value. Right now, it seems to be forming a bit of a rounded bottom (orange), butting up right against another descending resistance. The RSI and ultimate oscillator look like they're trying to break out. If SLT can break the downtrend, perhaps with a little help from XLM, then I think it can explode upwards. I'm not saying that it will get back to ATH any time soon, but I've marked important levels in pink on this chart for reference The light blue zone is especially important. That's where the highest volume trades occurred over the last several months. Also in terms of volume, sellers have dominated over the last several months, but recently they've started to become exhausted. What would be great is if buying volume can start to outpace sell volume at these current levels. That could fuel a breakout.
What's also interesting is that the 200 Day MA is just forming overhead (light blue). This is a good thing, because it will give traders more indicators to use moving forward, and it'll allow them to understand the trend in the long term. What we want to see is these moving averages continue to level out, as buyers become more confident that this is the floor. As buyers show up, we'd want those moving averages to start curving up. It's also important for XLM break out from its bear market downtrend once and for all. It's VERY close to doing this. It rose above the downtrend briefly yesterday. Speaking of XLM, I did make an effort to call the bottom below $0.06 not too long ago.
Anyway, this is not financial advice. My perspective on the market has been fairly accurate over the last year, but that does not mean I haven't been wrong, or made some egregious calls. My posts represent my opinion only, and should be used for educational and entertainment purposes. I like to post these for future reference, to permanently record whether I was right or wrong.
Hope you enjoyed this post, and thanks for your support!
-Victor Cobra
Moonshot
Pacific Gas and Electric RSI Bullish Divergence on the weekly.Once they start keeping customer lights on it's just a waiting game until this stock takes a moon shot given the obvious RSI divergence. It could go down to $2.00 after earnings. I am in this one long term and I cannot wait for it to one day to go back up to 45$
BTCUSD - 8k done and 7k still in playCorrection over? Maybe but i do not believe it.
Here are my thoughts:
In the daily consideration we can see a double bottom at 7.7k. That means the dump is temporarily over and we have to accept a consolidation for the next few days. My target area is 8.9k with a touch of the falling ema-ribbon. Even if it can continue to rise at the moment i don´t so see a high probability. The scenario is obsolete if we see prices over 10k.
After this consolidation i expect a final move to 7.2k (worst case 5.4k) and the potential start of wave 3 of 3 in a elliott wave prospective. For this move i will observe the weekly ema-ribbon. I don´t see any contradictions if we shoot over to the downside but we should close above the weekly ema 55.
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ILLUMINATI OWL PIG GOES TO MOONImagine time traveling to 2019 from 1999.
You get here and there is a digital currency market.
~Sears is Bankrupt.
~United Nations Going Bankrupt.
~Debt is so big Interest Rates can never "NORMALIZE" in current structure.
~Central Banks are doing REPO but are
~SCARED TO CALL IT QE.
~Trump is saying Central Bank has lost their minds.
~Venezuela is adopting the cryptocurrencies.
~Goverrnment is attacking the facebook but GOVERNMENT CREATED FACEBOOK COVERTLY.
~Mainstream media is faking bombings.
~California is Burning.
~Fracking is a LOSING BUSINESS.
~BUT EVERYONE EITHER THINKS its all great...its all chaos...or its all a master plan.
DO YOU TIME TRAVEL BACK TO 1999 OR STAY AND BUY BITCOIN?!!!!
Litecoin: Is a Breakout Imminent?Earlier this year, Litecoin (LTC) was by far, one of the best performers in the crypto space. It yielded +400% returns in the first half of 2019, out performing bitcoin and the market as a whole. Starting in early July, things took a turn for the worse and LTC lost over half its value settling in the $58 range.
Looking at the long term trend of LTC, we can see that volatility is a normal thing. This is mostly due to the highly speculative price of this digital asset. After looking at the long term pattern LTC is forming, its starting to take the shape of a bullish flag, although its still to early to know for sure. LTC is sitting on some solid support with the RSI showing bullish divergence, so keep an eye out for a reversal.
As you can see in this chart, which reflects LTC’s price cycle since 2013, the previous all-time-highs are being used as pivot points for further advancement to the upside.
Bitcoin - Simple Actionable Technical AnalisysThis is a look at what BTC is doing in the 4H (4-hour timeframe) with the benefits of the entry points generated by longer timeframes such as the 3 day and 1 week. As you can see these are very, very dependable trendlines one minor violation of the green trendline and it will be a solid indication that we are going down some more. On the other hand, a violation of the red trendline and that will be an indication that we are testing the ground to see if there are buyers for an up move. We could easily go up to the edge of the red line and if rejected that is also an indication that we could be going down. Those 2 green X's indicate where BTC is likely to go. That is about as low as I am able to see BTC go, after that, I think we are headed north to around 15K. The upper X is at about the 50% FIBO retrace and the lower X is at the 61.8% FIBO retrace of the entire 2019 move and all you need to know is that most alts would have double bottomed at that point, which is why I had you get into NEO and LTC already. There could be a colossal fakeout and you would be left out.
This is the long term chart
THE TREND: Going down.
THE OUTLOOK: Unsafe to buy BTC but safe to enter and buy some alts, BTC will go down some more but it will allow you to get in cheap to good alts.
Be safe and follow me to stay ahead of the curve.
ZEC in oversold territoryZEC versus BTC has been bleeding for several month now... I believe a correction upward is due.
Last time (in January 2018) we dipped very low and bounced hard, and I'm expecting a similar scenario to happen in august.
My stop-loss is below 0.005, but you are on your own here.
Zcash ZEC fantastic opportunity (very soon)Zcash KRAKEN:ZECUSD holders are getting depressed , because this coin has not been performing very well.
Good news is this coin is very solid for many reasons (Do your own research) and this price action is actually very good news for us. Only shitcoins do get rich-quick pump&dump.
Please keep in mind catching the bottom is very risky, because it can actually dip lower than you thought but in the same time if you are too greedy you may miss the bottom.
I've drawn some boxes where I believe price area are good buys. My plan is to set buy orders in these boxes.
This coin can change your whole life, don't miss Zcash for it is a fantastic opportunity for buy&hold.
Enjin/Bitcoin MyLongTerm Forecast, important lessons for newbiesI'm watching Alt coin/Bitcoin charts from 2013 to 2019, i will tell you most important things what i learned from it.
1- You cant buy the exact bottoms or sell exact tops.
2- You cant buy right before breakouts.
3- Dont start accumulate before all the well known indicators shows you "its right time to buy" for example weekly EMA-MACD-RSI-OBV
4- Never buy all in any Alt coin. buy daily piece by piece
5- You should keep it mind. your belief will be tested.
6- Never keep your Coins on an Exchange more than 4-6 hours. be obsessed about your coin's security and always use cold wallet.
7- Dont wait EMA-MACD-RSI-OBV confirmation for taking profit.
8- Take your Profits when Bullish Momentum starts losing steam. sell hourly piece by piece
9- Dont be obsessed about selling at top, most of the time you will have another shot.
10- Dont buy back or atleast in same week you took your profit.
Best indicator for top :
When you really feel amazing about your gains, refreshing your portfolio every five minutes, you think you are very intelligent person and you cant wait to share what you have done with your loved ones;
"VERY STRONG SELL"
Good Luck
ZEC will guarantee the financial privacy of you and your familyThe cryptography behind Zcash is extremely advanced and allows total privacy. This coin has the potential to become THE world money, by being
1) A medium of exchange
2) A store of value
Recently, the masterminds behind Zcash -- Electric Coin Company -- announced they will to go all-in on $ZEC. electriccoin.co
It's needless to say I strongly believe in this coin, and I'm hodling it.
For short term trading, I like to keep things simple : I believe MA200 will be support and from now we will go up.
For long term view, and If you believe in the power of electronic P2P cash, definitely take a look at this coin. These current price are really attractive.
Massive Ascending Triangle or Bull Flag? New ATH's OR Double TOPIn my previous post i talked about #BitcoinForPresident potentially trading in a Bullish Flag or Ascending Triangle, the bull flag ripped to the downside almost immediately after posting, but the ascending triangle on a larger time frame may play out perfectly.
I've extended the green upward sloping trendline that was once a symmetrical triangle / pennant pattern, and adjusted it downward slightly, and a perfect ascending triangle / bullish flag pattern is noticeable.
Linked to this post is where I mentioned the ascending triangle the other day, now that a few days have passed it's more clear on a larger time frame.
Time will tell per usual.
BITCOIN - BULL MARKET CASEHi everyone
It's a bit too soon to be overly bullish on Bitcoin. We need to break the previous all-time-high in 2017 around $18.5K and that's when the retail interest will ramp-up very fast and we'll assist to a possible multi-years upside (please muh famili :p)
I flagged the investment strategy of this publication as neutral because I'm only talking here about a multi year long term investment and the purpose of this analysis is to show from which price we'll get a X2/X3/.. on Bitcoin with a fair probability
On the short-medium term, I stay persuaded that dollar cost averaging is by far the best solution for most of us, but in case you wondered when the BULL MARKET will start, I think we have a viable answer here.
History tends to repeats itself with crypto assets
I'm using logarithm bollinger bands applied on a logarithmic scaled chart for this analysis
Credit to fskrypt for this indicator
Enjoy
Dave