ONT
LONG - ONT - Trading OpportunityPrice holding above the 12h ma200 for the first time in a long time with good volume and a good r/r. Retest of the weekly level too.
Entry: 0.0000850
TP 1: 0.0000924
TP 2: 0.0001022
TP 3: 0.0001158
SL: 0.000769
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ONT/BTCKeep it simple!
Looking at ONT on the weekly, we can see a level of support was held at the 640 Sat range (green box). This was the buy level I told many about previously. For those that took this trade, you have now hit your first and second profit targets (orange box).
What I would like to see now from ONT is a re-test of the 640 to 800 Sat's range, forming a higher low. and signifying a level of support to be the "bottom". If these re-tests breaks below the 640 range then ONT has a much lower way to go.
So far the 966 Sats range is holding, but a at this level we must also see a higher low formation.
Short term I will be bearish as I want to see this re-test in the green box.
$ONT, Looking good here after accumulation phase over support..$ONT
Looking good here after accumulation phase over support at ~9370sats is starting to move up(I missed the entry at support )
UCTS indicator buy signal on the 1D chart
RSI reaching overbought levels
Volume starting to rise
Looking for ~11700 sats as target (+20%)
#ONT
ONTUSDT formed bullish BAT | A good long opportunityPriceline of Ontology / TetherUS ( US Dollar ) cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.8378 to 0.8251
Sell between: 0.8686 to 0.9143
Regards,
Atif Akbar (moon333)
A review of bitcoin week - under the same roof, different circumAlthough the digital currency market as a whole is subject to bitcoin, it can also be divided. At present, the market basically forms the dominant trend of bitcoin, while altcoin, Taiwan dollar and "mainstream" COINS fight for themselves.
Altcoin, as it is called here, is a digital currency that excludes the market value of $1 billion. It is also a general term for a digital currency that does not have a lot of transactions and a relatively uncertain future.
And flat t we all know, similar to a stable currency, is an exchange between trade mark and fiat chips, but to be honest, I don't think there is more wide, the prospect of the flat t as you enter the casino natural need to exchange their chip, but a casino chips is unable to go to another circulation, so most flat t's fate will be closely bound to its own platform, once the platform collapsed, flat t will lose value;
For the "mainstream" currency, I value is defined in the $1 billion, have enough market recognition, volume, in addition to the function of the securities, also the function of pay, of course, some COINS, such as the dash, while also serving as the payment currency function in many areas, but his value is not big enough, so there is no included in my watch list, and like iota, has the good market application scenario so far, but because of the marketing hype, so value cannot meet the requirements.
If according to the above classification, it can basically cover the main trading varieties in the market. Such as the wave of market, the start is the background of China issued some policy speech for block chain technology, while the content is a cliche, but the source is different, so some people snowless (in the first an hour in a news release, the market and no response, at the back of the lift are actually split, two reasons, first is the original people don't think this is a big positive, the second is the news of a sudden, want to hype to borrow money from the otc assemble, need time) since the market came around the block chain, naturally affected the larger is the chain of some of China's public projects, So people like ont are doing better. And "mainstream" currency and Taiwan dollar is not the key market, still belong to the stock of capital game. As for bitcoin, of course, he's king, so he's going to be in demand, and his problem is that a lot of transactions are denominated in bitcoin, so there's a lot of money coming in and going out, and that creates a lot of volatility. However, two days later, we see the big bitcoin fell into the box shock, during this period, the trend of counterfeit COINS is still in full swing, as can be seen from the first picture.
NASDAQ: XENT
But at the same time, we see the reaction of the stock market, in fact, far more violent than the digital currency market, "China concept share" thunder doubled 2 times, and China A share is also A plate of market. In the general context, it seemed that all the capital markets were moved, but soon everyone realized that the blockchain policy did not have much significance for digital currency, and the reflection articles were everywhere. As the turbulence goes on, the enthusiasm of the market to be long also begins to weaken, especially in the case of limited capital scale, the market consumes the stock capital quickly, and the proportion of bitcoin continues to decline, indicating the lack of ammunition for bulls at this stage. At the beginning of the market, I have questioned the nature of the market, and now, the original mania long, should have suffered a lot.
Although walked out of a weak form, the market now has fallen below the moving average line ma18 COINS, falling into a relay configuration, but we see the market differentiation is obvious, counterfeit currency market value (on the left side of the picture above) also kept high, that approach before money is not all, and they are as speculation behavior, so I don't think they are right numerical currencies are of faith, even does not exclude the possibility that there is a conspiracy theory (17 years - 18 listed lots of ico project, although there are a lot of behind the banker run, but there are a lot of institutions hold up, looked back at the direction of altcoin, In 2018, many of them lost 90% of its value, a large number of tokens in the way of "zero", and the Chinese government is strictly defines the concept of "no currency block chain" so a lot of tokens is no future, if their project phase by the government, is likely to be acquired, in theory, they must first "white", "landing", so do not rule out some tokens, the hype, is for the last, pulled away).
Because for the majority of digital currency, they are not in the future, not only that they own scene without market prospects, more importantly, digital currency is a "revolution" on the traditional financial market, in the process, is the definition of rat, so "sacrifice" is a must, I think there will be more than 90% of the tokens, die, the more exaggerated exchange, also will be a large number of die.
Therefore, I have always had great doubts about altcoin's speculation. There is no denying that some fake COINS will turn from ugly duckling to swan, but most of them belong to financial "ponzi scheme".
Back to the market, I wrote an article a few days ago, analyzing altcoin's speculation logic, and now I maintain this view unchanged. If we look at the graph at the bottom right, XRP, it is the representative of the "mainstream" currency. Although I have been questioning its digital currency identity, it is the third largest currency in market value. Moreover, its trend in the "mainstream" currency is relatively independent. In October 2018, it was XRP that broke the calm of the market, soaring and doubling within a week. Then in November, BCH's biasing event finally broke the balance of the market, causing 50% of the market value to disappear. So every time when XRP "makes things", I feel nervous, and these days the bute continent is also noisy, I think don't let history repeat it.
It's the most difficult thing to do in a divided market, but I believe that eventually the drama will end and the market will return to its roots. If you believe in the future of digital currency, you need to be patient.
How long will bitcoin trade sideways?
Stimulated by the news of Chinese blockchain at the end of the month, BTC fell into a box trend with a wide range of shock after its violent rise, which lasted for 12 days. During this period, altcoin rose sharply with an impressive rise, so that in the past 48 hours, many investors who held BTC began to lose their loneliness and threw themselves into altcoin's "battle". However, we all know the story of "beating the drum to pass the flower". Generally speaking, the first one comes to eat meat and drink soup, and the second one pays the bill.
So how long does BTC go sideways? I think it depends on two things:
1, the strength of the capital, apparently altcoin is carried this batch of funds, they cross the BTC to hype altcoin here, may even have to leave (from the perspective of the "conspiracy theory" those trapped in the project, hope that through the likely "policy for" get out, to find the money to do), such as altcoin after the ebb, BTC completes the support tasks;
2. Depending on the technical cycle, within a week, ma144 starts to move down, forming a cloud that may lead to the suppression of technology bears.
Let's compare the four charts:
The first chart is to eliminate the analysis of these two days I BTC after the market value of figure, a slightly obviously will boost, because without the BTC the "legs", in his arms and is lack of confidence, so rise in six hours in the chart, we see the macd technical deviation, the pressure is very obvious, if you can't resolve, "Waterloo" is probably altcoin.
The second chart is BTC, which has a horizontal trend for 12 days and no direction. Therefore, at this stage, if you participate in the speculation of BTC, the profit is not ideal, but if you "get off" now to catch up with altcoin, it may not be a good choice.
The third chart is ont, a typical altcoin, which was basically abandoned by the market before. In November, China's positive stimulus brought an explosive trend. Compared with the previous position, it directly doubled, which is the main speculation target of this wave of market.
The fourth chart is XRP. XRP is an alien. Whether it is the doubt of his blockchain identity or his speculation background, it seems to be out of place in this market. From a technical point of view, he broke through the long term pressure line of the daily cycle of ma144, which is considered strong, but from a larger cycle, he is only back to the position of December 2018, and nothing to go up.
There are plenty of other proxies in the market, such as the airbnb and ht, as well as other mid-market altcoin, which cannot be shown because of space constraints.
I would like to show you a point of view through a set of charts above: that is, the speculation here is not a bull market, because the bull market should be an overall market, and at present only some people with the so-called good, speculation part of altcoin. And once the tide goes out, what's left on the beach is basically a matter of fate. Of course, the development of things is gradual, it is from nothing to something, from something to prosperity, from prosperity to decline. Altcoin hype is also a process, so I said they have no foundation, no sense, but it doesn't mean they will crash immediately, this is the natural law of the development of things. But the final result, decline is inevitable, because their hype does not have a solid foundation, many are just "air".