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Ontology

Ontology, ONTBTC - Impulse Wave 3 in The Making?This is a follow-up analysis of Ontology post I did recently with an Elliot Wave count for ONTBTC, which you can check out underneath this post with the link to it. After the latest sell-off of the market on Friday to Saturday, we now have a new situation, pattern and Elliot Wave count to consider. So let's take a closer look and analyze the chart again. Analyses - After some consolidation and recent sell-off, ONTBTC broke the upward trendline and has retraced back all the way to the .618 fib level around the 7500 sats. This is a key fib and support level which held almost perfectly. Now we have a new upward trendline. - After an ABC retracement, we can start a new impulse wave up and it looks like we are currently already starting with a wave 3. This might be a little premature cause wave 2 was quite shallow and short so for a confirmation of a wave 3, ONTBTC has to firmly and "easily" go past correctional wave B of the ABC which is around 10500 sats. Otherwise is a failed attempt which means we're not done with wave correctional wave 2 yet. - If we break above wave 1, we've also formed a Cup & Handle pattern which could be an early confirmation or sign of a continued upward movement and wave 3. Note that Ontology, ONTBTC like most (alt)coins is highly correlated with BTC and ETH so if they sell off then everything goes with it so to be on a safer side, it's better to wait for the market to settle down, a better/positive sentiment and have more confirmation of a breakout/wave 3 before entering a trade. You must some upside but your chances of success will (drasticly) increase as well! So with this and above analyses in mind, if you do want to swing trade ONTBTC then this is how you can trade it: Trade Instructions Buy Area 0.0009000 - 0.009500 Profit Target 1. 0.0010536 2. 0.0011472 3. 0.0012407 4. 0.0013740 Stop Loss 0.0008400 You can use larger stop or no stop at all if you believe in this coin for the mid-long term. But invest accordingly and use an amount you're willing or can afford to lose. Leave a comment if you have any questions or concerns. Like the post, if you liked it and share it if you loved it. This is for good karma. And until next time, good luck with your trading! Disclaimer This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Long
by Trade_Masters
3
Ontology, ONT/BTC - The Start of Another Impulse Wave?Ontology, ONT/BTC has been an absolute beast since it was launched on the exchanges, especially since it got on Binance. Easily one of the best performing coins of the last weeks/months and little to no signs of stopping yet. If you took the trade we've previously covered on Ontology about 2 weeks ago, you could have made almost 2x in less than 2 weeks! So let's take another look at this interesting and very profitable coin shall we, but now from a more Elliot Wave theory perspective. Analyses - After the ATH, ONT/BTC retraced quite a bit, almost at the .5 fib retracement level around 8500 sats. This retracement looks to have finished the corrective wave pattern A-C. - From there it managed to bounce back which will likely be the start of another impulse wave 1 - 5. And as I pointed out, it looks like we already have the 1 and 2 wave set, and are at the beginning of a wave 3. - Not only that but Ontology, ONT/BTC is also trying to break out of a (big) bull flag pattern, indicated with the purple (trend)lines. So with this in mind, if you look to swing trade Ontology, ONT/BTC then this is how you can do it: Trade Instructions Buy Area 0.0009500 - 0.0010500 Profit Target 1. 0.0011697 2. 0.0012647 3. 0.0013598 4. 0.0014952 Note: Don't forget to take some profits along the way. This will give you peace of mind and patient so you can ride it out longer and also reinvest/trade your profits quicker and make even more. Stop Loss 0.0008990 Remember, you can use larger stop or no stop at all if you believe in this coin for the mid-long term. But invest accordingly and use an amount you're willing or can afford to lose. Leave a comment if you have any questions or concerns. Like the post, if you liked it and share it if you loved it. This is for good karma. And until next time, good luck with your trading!
Long
by Trade_Masters
4
Ontology on correction?Ontology is one of the many projects I'm looking for. After the launch price steadily rised for more than a month and now there is a possible correction going on In that case is interesting notice how elliott waves and subpatterns fit into the chart; after a 5 impulsive waves went overbought and the retracement started Now, ONT have a really bullish trend and already touched the 50SMA and the support trendiline during the BTC dip so I see a two scenarios: from here I could continue it's rally with another impulsive waves or could form a complete corrective ABC pattern. In the latter case I'm looking for an entry point around 6100 and 5400sat, this is the 0.618 fib retracement and also the zone of a first h4 support and a stronger weekly one
by Horrorcoder
4
ONTOLOGY: LISTING ON UPBIT = 26.57% PROFIT!!! IN 24 HOURS!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018. Using this buy in point and selling at today's price, you would have expected to net 26.57% PROFIT!!! IN 24 HOURS!!! The increase in price may also be explained by positive developments i including: April 24: Ontology is ready to release its new consensus algorithm VBFT after the release of its first batch of open-source projects on GitHub. VBFT algorithm combines Proof of Stake VRF and Byzantine Fault Tolerance . This allows consensus to be reached among nodes faster and more efficiently and is a substantial advancement among current consensus algorithms. April 25: Ontology (ONT) releases their IDE integrated development environment), Smartx. April 26: Release of a number of official Telegram groups including those in: English, Chinese, and Korean. Community run groups include those in: Spanish, Italian, Dutch, Vietnamese, Turkish, Japanese, Russian, and Cantonese. April 26: Release of Ontology v0.7 and Public TestNet (code named: Polaris). This includes numerous updates including: CLI module, WebSocket subscribe function, event push filter, new Wasm APIs, smart contract pre-execute, interoperability across VMs, NeoVM v0.7 and Doc. Center. April 27: Official publicised Launch of Smart X. This enables users to program, debug and deploy smart contracts on testnet. It supports NativeVM, NeoVM and WASM smart contracts in C# and python. There are plans to add further programming languages in the near future. April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT protocols. This protocol is expected to resolve all pproblems to do with scalability and large amounts of electricity. Open sourcing will allow Ontology to further develop of its VBFT protocol and to increase interoperability with a number of different DAPPs and potentially with different blockchain protocols in the future. May 1: Smart contract capabilities of Ontology are publicised in Neo News Today. SmartX are supported by the platform are NeoVM-based C# and Python, although Ontology have roadmap plans to include Java, Rust. May 2: Ontology is at the Smart Economy Expo at the European Parliament in Brussels. May 3: Upbit (Korean Exchange) lists Ontology. May 3: Korean Exchange Upbit notes that it will give 5% of $ONT holdings to customers who hold ONT coins at the time of the snapshots. (NEW) May 3: Ontology announces a strategic partnership with NAGA with the intention to bring the Ontology infrastructure to the massive financial technology markets. (NEW) May 8: Ontology announces the Triones Membership System. This aims to support a combination of multiple blockchain networks based on support for a single blockchain network economic model. (NEW) May 11: Security Giants Baimaohui and SlowMist Join the Ontology Co-Builders Program. This aims to provide security audit services, support the development of public chains, and promote safe, secure, and reliable blockchain infrastructure. It has been noted that almost all of trading volume (100%) for today is coming from overseas exchanges (mainly consisting of Chinese and Korean exchanges). It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets.
by CryptoTradeSignals
Ontology in an Ascending Triangle Bullish Pattern.Hey, I am back with another Technical Analysis, this time looking at Ontology, which is acting the whole time on market really strong, huge runups quick consolidations. Last time I posted Ontology in Falling wedge , it had breakout only about 15% in the reason of bitcoin fall due to fact that Bitcoin wasnt able break 10k at first try . There were more times that I have posted some price action on Ontology that is about to do, and they all went perfect, I ve even posted a free signal buy opportunity at 4,700 :). Moving on. Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform. Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems. That was in short about Ontology, lets take a look at the chart. Lots of pattern can be seen, Penant, Falling Wedge and currently an Ascending Triangle. The Previous two has led to breakout so it could third time as well.. what else to say.. Yes there is strong support zone at 9,000 - 8700. I see ONT falling to these zone only if Bitcoin will see major selloff otherwise is not likely. Last thing for me is to look at the Indicators and what have they said to me? MACD - Was expecting sellers to come but havent arrived and currently it looks like they are dissapearing again and buyers are incoming.. about to gave buy signal if the trend line will be follown. RSI - Bounced off its support level, heading to break the bullish level. So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my discord channel! Hope I made your view on whats going on with Ontology somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
by TiborVrbovsky
6
Ontology Ready for Another Breakout from a Descending Wedge.Hey, I am back with another Technical Analysis, this taking lookg again at ONT a s its acting really strong ! Last time I ve posted Ontology in a Pennant Breakout Pattern, which broke right after publishing, link down below in Related Ideas. Moving on. Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform. Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems. That was in short about Ontology. Taking look at the chart. There is a descending Wedge bullish pattern that has been drawn. Seems like its croosing downtrend line and about to break, good volume, but still can be denied. Taking look at Indicators. MACD gives buy signal with strong buy volume for that short period. RS I is at the bullish levels, bounce from 55 would be Ideal. Good buying Volume. think thats about it. Hope I made your view on whats going on with Ontology somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
by TiborVrbovsky
9
ONTOLOGY(ONT) - WHEN IN TOP3 - 4000% POSSIBLE PROFITHi Guys! Do you remember our last ONT analysis (link down below)? We already reached level of our wave 5 from previous analysis. So WBM Team was right! Keep follows us to reach higher levels! As it grows so rapidly with such a high volume (up to 15k Bitcoins/24h) we can expect ONT to be a real hero in 2018. In terms of market cap ONT is at 17th place. What happens if it is in TOP 3. It has to surpass Ripple in its prosperity time. Ripple's "prosperity price" was 2,5 USD/coin. It gives market cap over 98 bln USD. Taking into account ONT's market cap is now 2,44 bln USD it should make 100 bln market cap. This is a lot of money!. It can take a year, two or five. We don't know. As ONT is strongly connected with NEO and NEO had a great ride making even more profit (350X in 2017) this scenerio is likely to happen. This SOUNDS CRAZY but that is the way it can be in our crypto world. Their project IS NOT another Etheruem, it is fresh and with very small competition in this this field. Just to remind you about ONT project: This is absolutely massive. It has 5 white papers (3 already published and 2 to be). There was NO ICO 0.00% . The total amount of tokens is 1 000 000 000. They already gave away around 25 % for NEO hodlers, community and attendees of dev conf. They might reward community for following their facebook -1.21% or twitter accounts. It is really hard to describe it all but here are the essentials: There was no ICO 0.00% . They launched ONT -0.15% at the beginning of March 2018. For 1 NEO one got 0.2 ONT -0.15% . They are backed by massive team (40 people which most of them are IT senior engineers). Everyone with photo and description. info.ont.io CEO Jun Li is also founder of Onchain startup (2014) backed by Fosun Group (Conglomerate from China) Their goal is to incorporate blockchain into current, real existing businesses. The want to bridge real world with NEO to relieve businesses from tech development They are strictly connected to NEO NEO focus is public, ONT -0.15% focus is private NEO stands for digital applications, digital new economy, ONT -0.15% stands for bridging real economy with digital economy NEO new digital apps/businesses, ONT -0.15% wants make it possible for current business to become digital companies They are aiming to governments, health services as well as private bussines, IoT 0.00% , people, data and many more At protocol level and application level NEO focuses on digital assets and smart economy and ONT -0.15% focuses on trust identity, distributed data and trust with collaboration scenerios. They want you to be in control of your data. They treat data like a gold 0.68% . ONT wants to create separate blockchains for businesses to store their data without possibility for 3rd parties to access and view them.1 business/process one blockchain. Token structure is similar to NEO – when you hold NEO you are paid gas and when you hold ONT -0.15% you will get ontology gas – each block 15- 20 seconds ONT is listed on Binance, Huobi, OKEX, Gate. io Technical analysis details: SMA6 over SMA 20 MACD bull's cross & positive convergence Volume Flow Index - bull's cross Weis Wave - we are in accumulation and growth phase - we can expect small correction but it will be signal with a red bar. Stay tuned and don't forget to follow us, comment and give a like if you agree with our idea. ************************************************************************************************************************************************************************************ HUGS. Your WBM Team
Long
by WBM_Team
18
ONT Prediction - Studies of buys zones Hi traders, I tried to take a little more time to study the ONTBTC chart Unfortunately I did not see the "RSI divergence" otherwise I will have avoided a loss last night ... It clearly announced a reversal of trend validated today. By taking a closer look at the support lines and the resistances, several buys areas are possible. I think it will be necessary to be careful and wait for the confirmation of a rebound. The claws of bears can hurt ... Please excuse my imperfect English. Good luck to everyone !
by batdan
ONTOLOGY ABC Correction BUYING OPPORTUNITYIf you're looking to enter ontology after this huge run up, this may be the chance to do it. I am looking at a flat ABC correction because of Elliot waves 2 and 4 were pretty flat. If there there is strength in the bulls i expect the correction to be pretty flat. Because there is an extended wave 5 I do think it can break to lower lows closer to the top of wave 4 for C correction. But with that said, I'll have a position open to enter at lower prices and look for continuation.
Long
by WiThConFi
Ontology (ONT) - The big bull run!Since our last public post on Ontology (see chart below), Ontology has more then doubled in about a week time. Previous post (19 April): If we look at the ONT graph today, we see an amazing gain, especially compared to previous levels. Ever since March, we actually made over 500-600% gains. Even today, the price is spiking with a whopping 18% (and that's not even to the daily high at 0,0012 BTC. But how long can it last? I placed my sell orders increasingly near the Fibonacci lines so that I could take some profit on this gem if it were to run as fast as it did. And I still have a small position for which I'm trying to get that 0,0012 BTC level. However, if you are still in this position, I believe that fundamentally it remains an incredible gem with still a lot of growth potential. But the chart is trying to warn us now. You can see how we hit the first crucial resistance level in (1), and at the same day today the second one in (2). These resistance levels are very strong and can definitely cause the price to correct. Which would also be very healthy (after such a run up!!!). Be happy, don't forget to take at least some profit. And if you love this one, don't necessarily sell everything you got. (also note that the MACD and RSI are in the overbought areas) Finally, if we zoom out to the daily graph, we could say that this is the finalizating of the fifth Elliot Wave, which would logically be followed by, say, an ABC correction figure. In the meanwhile, definitely have a look at #TKY - this is a gem in the same NEO ecosystem, but still largely undervalued. Note: this is my personal opinion, not formal investment advice - DYOR! :-) Note 2: I love getting thumbs up, makes me feel like I'm helping the community and people are actually reading this free stuff ;-)
by A_Cryptastic_Mind
2
ONTOLOGY: LISTING ON UPBIT = 117.14% PROFIT!!!Our "Crypto Scalper" Trade Signal has correctly identified a buy in point on the 25th of April 2018. Using this buy in point and selling at today's price, you would have expected to net 117.14% PROFIT!!! The increase in price may also be explained by positive developments including: April 24: Ontology is ready to release its new consensus algorithm VBFT after the release of its first batch of open-source projects on GitHub. VBFT algorithm combines Proof of Stake VRF and Byzantine Fault Tolerance . This allows consensus to be reached among nodes faster and more efficiently and is a substantial advancement among current consensus algorithms. April 25: Ontology (ONT) releases their IDE integrated development environment), Smartx. April 26: Release of a number of official Telegram groups including those in: English, Chinese, and Korean. Community run groups include those in: Spanish, Italian, Dutch, Vietnamese, Turkish, Japanese, Russian, and Cantonese. April 26: Release of Ontology v0.7 and Public TestNet (code named: Polaris). This includes numerous updates including: CLI module, WebSocket subscribe function, event push filter, new Wasm APIs, smart contract pre-execute, interoperability across VMs, NeoVM v0.7 and Doc. Center. April 27: Official publicised Launch of Smart X. This enables users to program, debug and deploy smart contracts on testnet. It supports NativeVM, NeoVM and WASM smart contracts in C# and python. There are plans to add further programming languages in the near future. April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT -2.70% protocols. This protocol is expected to resolve all pproblems to do with scalability and large amounts of electricty. Open sourcing will allow Ontology to further develop of its VBFT protocol and to increase interoperability with a number of different DAPPs and potentially with different blockchain protocols in the future. (NEW) May 1: Smart contract capabilities of Ontology are publicised in Neo News Today. SmartX are supported by the platform are NeoVM-based C# and Python, although Ontology have roadmap plans to include Java, Rust. (NEW) May 2: Ontology is at the Smart Economy Expo at the European Parliament in Brussels. (NEW) May 3: Upbit (Korean Exchange) lists Ontology. (NEW) May 3: Korean Exchange Upbit notes that it will give 5% of $ONT holdings to customers who hold ONT coins at the time of the snapshots. It has been noted that almost all of trading volume (100%) for today is coming from overseas exchanges (mainly consisting of Chinese and Korean exchanges). It is believed that a surge in volume is driven by Ontology's listing on Upbit.
by CryptoTradeSignals
Ontology in a Pennant Breakout Pattern.Hey, I am back with another Technical Analysis this time again looking at Ontology. Last time I gave call to buy at 4,700, if you traded with my advice you could make up 100% in a week, not bad. Moving on. Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform. Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems. That was in short about Ontology. Taking look at the chart. There is a Pennat breakout Pattern that has formed, this pennant often leads to breakout, but can sometime lead to an breakdown. Thing is this chart doesnt have enough data as ONT isnt long on the market. ONT is currently around ATH in terms of satoshi value, which could discourage some people from trading this Crypto, but it looks like there is a still room for additional growment. If everything fails 6,800 is a strong bounce support, another long. Taking look at Indicators. MACD headed below 0 fewer sellers, bearish divergence so far, can turn up at any moment with enough volume as it may bounce from RSI support level, if not it should bounce slowly back from bottom line of the triangle, if even that fails, it looks like no breakout would be happening. RSI needs to stay above 53 to remain bullish, clear support on 43 and ressitance at 53 which is the good bullish zone, it would be Ideal if ONT bounce from support now, but RSI can fall to 30 and below and then at good tempo be headed back to cross both 43 and 53 to became full bullish again. Stoch shows somehow bullish divergence for now. Good Volume . I think thats about it. Hope I made your view on whats going on with Ontology somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
by TiborVrbovsky
2