DCR/BTC BREAKING out of the long-term downward channelFUNDAMENTALS:
DCR released its PRIVACY recently: twitter.com
Which is major news, it means that ZCash and Monero have a new competitor now.
But unlike Monero/ZCash, DCR also has proper decentralized stakeholder-ran governance.
They are using the stakeholder governance to elect a Market Maker now which could solve their liquidity problems.
TECHNICALS
What we've been waiting for a long time finally happened: the breakthrough the downward channel on Binance DCR/BTC chart.
This signals a possible reversal of long term trend. Please see my other chart (related idea) to see where I think it could be headed
Decred is a top 5 cryptocurrency so this is a major information asymmetry, to be holding it now. The market is massively underpricing it
Privacycoin
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.
Monero vs Bitcoin bull marketThe red areas mark when 50 days MA is below 200. I use it a primary indicator or of a bull/bear market.
The last bull market for Monero started a half year later but then – despite not catching up at the beginning – it grew **16 times faster**.
Monero is currently the best privacy coin, and privacy coins by many are viewed as "the next big thing" since privacy is the most essential missed part in Bitcoin:
Some people bullish on privacy coins:
www.ccn.com
twitter.com
twitter.com
It's worth mentioning that also Libra (Facebook currency) and "JP Morgan coin" mention privacy as an essential feature even if it's a bizarre promise from a regulated company that surely cannot deliver that with government approval.
Monero has also dramatically quickly falling emission schedule. This year, it will become one of a very few PoW coins minded slower than Bitcoin. This is excellent fundamental information since it decreases selling pressure on the market.
Overall, I'm very bullish on Monero, and I bet that especially with the current divergence in price, it will outperform Bitcoin once again.
XDN DigitalNote and my 2019 OutlookMaking this public to hold myself accountable.
—
XDN DigitalNote and my 2019 Outlook
DigitalNote XDN is a contender to be one of the world’s leading anonymous privacy cryptocurrencies. DigitalNote's anonymous technology and untraceable encrypted messaging system are some of the core features.
My valuation framework indicates that the cryptocurrency is highly undervalued, and my personal opinion is that the currency price will see a 50%-88% increase over the next few days or by April 5 2019. At today's price, it falls under the crypto-penny stock category.
Although price is subject to manipulation, the circumstances are not any different from other cryptocurrencies. If not, favorable given my research. (I am not explaining here)
The current technicals and fundamentals also support my analyst position that the cryptocurrency (“altcoin”) DigitalNote XDN is on the verge of a breakout, Ceteris Paribus, as price seems to have surpassed the last area of resistance on all trading pairs. (XDN/BTC XDN/USD XDN/USDT XDN/ETH).
Although price will remain volatile, assuming a high Beta, it will continue its uptrend and could see a new all time high by August 2019.
Formerly known as DarkNote XDN. Formerly known as duckNote XDN. DigitalNote XDN is a privacy protected decentralized open source cryptocurrency launched in 2014.
On April 5th 2019. DigitalNote will be performing a long awaited network of the $XDN protocol and a blockchain upgrade. DigitalNote will also be releasing a brand new white-paper and roadmap (details soon) and launching user-run Masternodes to incentivize and strengthen the chain. 2,000,000 XDN required per node. (details have not yet been released).
Some more information - publicly available
- DigitalNote current market cap: $9,361,283 on 3/30/19
- DigitalNote global 24h volume: $451,469 on 3/30/19
- DigitalNote has been trading for 57 months (5 years) and started trading at $0.00004165.
- DigitalNote's all time high was $0.0970. Right now, DigitalNote is priced at $0.0014, 98.61% lower than its all time high.
- DigitalNote's all time high in BTC was 0.00000575. Right now, DigitalNote is priced at 0.00000033, 94.26% lower than its all time high.
- DigitalNote has grown 3,067.62% since it first started trading.
- DigitalNote's price ranged between $0.0012 and $0.0013 over the past 3 months, which means it had a compound monthly growth rate of 2.53%, and an extrapolated compound annual growth rate of 0.35%.
- DigitalNote grew as much as 36.81% in a single day on Monday, October 1st 2018.
- The price of DigitalNote dropped as much as 63.89% in a single month, in March 2018.
- DigitalNote increased as much as 75.65% in a single month, in April 2018.
NOT INVESTMENT ADVICE
I am NOT a CPA, CFA, nor a registered investment professional or licensed broker.
Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained here constitutes a solicitation, recommendation, endorsement, or offer to buy. Just my thoughts with a chart that I am sharing socially.
DYOR. (Do Your Own Research) You are encouraged to review publicly available information and perform other research before determining whether you agree with my opinion.
Path of least resistance - Monero AccumulationRight now Monero is near a point where there is a lot of resistance, while its support lower is weaker after being touched so many times. At the same time we have a clean accumulation zone.
For now and until we break and close above 0.0143, being short is the most attractive option from a R/R perspective. Once we break and close above, being long makes a lot of sense. Monero has pretty good fundamentals (some of the best I'd say among altcoins).
If you don't want to short straight away, wait for a confirmation candle as right now it is on a decent uptrend. My opinion is that we could see a wyckoff case where the price sweeps the lows and then breaks a lot higher
Monero shakeout then breakout?Positive market sentiment combined with bulletproofs. XMR been dancing at support. Whales accumulate. One last shakeout before an uptrend.
Monero Price Analysis: Feast or Famine VersionFor those that have been following Monero, you’ve probably noticed the extraordinarily bullish sentiment that has taken hold of the protocl in recent weeks.
There are a few reasons for that:
1. On a technical trading level, Monero was looking delectable. Period.
2. There was a report that came out that valued Monero somewhere in the upper reaches around $40k at some point in the near future (which is a few hundred/thousand percent above where it is currently).
3. Monero is a solid project in general and things that are fundamentally solid in any market, with awareness and marketing behind it are never going to die.
Now that we got those facts out of the way, let’s get to the actual price analysis itself.
Monero Price Analysis
From the chart, we can see a break above the baby-symmetric triangle (which resulted in a reversal), into a couple of bounces that eventually let the price start jumping out of the gym before touching back down to earth (where it is now).
If the mini-uptrend on the daily chart holds, then one should expect that the price will be increasing for Monero at any point now.
Below, is another illustration of the chart to help traders get a better visual of what’s going on:
If the uptrend were to hold here, then the green arrow should symbolize where the price action will head to in the future.
But we can not just take this at face value!
This is crypto, and the price could just as easily break back down below the uptrend line.
There are a slew of negative price signals on the daily
Exponential Moving Averages
Burnt Orange = EMA-26
Lime Yellow = EMA-12
Looks like the EMA-12 may be headed down below the EMA-26, which would be bearish and the price has already crossed below both EMA indicators, which is bearish in itself. So, this is something to watch for.
However, it must be noted that the exponential moving averages are lagging indicators.
Its a bit messy, but you should still be able to clearly see the bearish cross of the MACD as well as the negative Histogram just getting started and the current bar is bigger than the last, and it also looks like the bars have just started on the negative side too. So, it looks like there's no waning on that situation coming anytime soon.
Bollinger’s Bands
Price isn’t even at the bottom of the Bollinger’s Bands on the daily. No bounce in sight.
(Continued on September 11th, 2018)
Let’s Go to the 2 Hour
As you can see in the photo above, the uptrend appears to be holding fairly and we can see a slight bounce off of the trendline at the end.
The yellow squares that you see are indicative of the touches on the trendline (please note that this does not need to be an “exact” touch, just within the general realm/region).
RSI(14) on the 2H
Truthfully, the RSI is a bit iffy here, but it does appear to be on its way up.
XMR’s fate will probably be decided, in large part, by the performance of the crypto market in general.
If the crypto market s**** the bed at some point in time, then yeah, it’s most likely that the price of Monero is going to plummet with it. While it has been defying the market trend over the past month, it has not been entirely immune to downward moves.
For the most part, Monero has been on the move while Bitcoin/crypto markets are moving sideways/going up. But when the market is headed downward, it has generally been consolidating as well (we can even observe this phenomenon on the charts now).
However, the fact that the uptrend line has held so solidly is fairly indicative of the fact that it is proving to be a reliable point of support for the price. But, a break below this could lead to the same disastrous drop in price that we had seen before.
The two pictures above show the inherent risk to traders if they are “wrong” about their long decision.
Conclusion (Strategy Advocacy; Not Financial Advice)
If it were left up to the author’s hands, and they were resolute on making some sort of play on Monero, then the best play would probably be to wait.
The author is unsure about the liquidity of shorts on Bitfinex’s platform, but if the price does break down below the uptrend line that it is on, then Monero would be an excellent short. That’s something that most readers have probably gathered at this point.
A price where this breakage below the uptrend would probably be most ‘apparent’, would be at $100. Or, one could wait until there is another massive decrease in the markets, and make sure to short a coin like Monero, because it is more than likely that it will finally depreciate like the rest of the market once it has finally broken its uptrend.
Conversely, if this does not happen, then a tentative long position should be placed at the next resistance point that gets broken.
It’s fair to assume that the next notable resistance point for Monero is hovering in the $108-$110 range.
This resistance point was determined by looking at the top of the range that Monero is trading in.
Thus, if the price breaks above the point where Monero is at currently, it would be most prudent to place a long position there and then place a S/L just below the resistance point.
Placing a long where the price is at currently could be really risky, even if you have a solid S/L on the market because a dramatic reduction in price could lead to your S/L not being fulfilled at all. And such an event is much more likely to happen in the wake of a major sell off or decrease in price (which tends to happen when price breaks below a trendline).
In either case, be safe trading!
What trend are we looking at for Cardano?Unlike some of the other projects facing a possible addition to coinbases elaborated club of digital assets, Cardano seems to be less effected by this fantastic news. Why is that? It comes as a surprise to me. Does that sound like an "Ethereum-killer"? I wonder if the market lost its faith with this project. The roadmap sounds slow and only good in theory. Will the funds dry out before the ambitious plans will ever be realised? Or is it just the silence before the storm? Maybe this project is to science- and not enough business-oriented. University professors seem to be less under pressure than business guys like Larimer. And less efficient. But I might be totally wrong with my thoughts. Correct me, please!
ZEN - zencash trading opportunityZEN has formed a long term channel with a slow uptrend.
After a blow off top it has retraced to the bottom of this channel. I just bought back half of my original position (Sold in a previous post)
I have buy orders down to the lower support which it has wicked to in the past, but I am comfortable accumulating at this level. If it breaks this channel I will Stop out of my position and look for a new buying opportunity.
Selling at the top of this channel has been a successful strategy, though keep in mind it will likely break above this channel during the next major bull market.
This is a long term Swing trade for me.
CMF and RSI show bullish divergence on the recent lows, and CMF is testing a break into positive territory for the first time in weeks. Zen was an early mover in the previous mini-alt pump, and I expect it to be again.
Recent volume has still been mostly bearish, without a significant change in the OBV. If Zen is going to hold this channel we will see the OBV pick up soon, and more buy volume on the lower time frames.
Trade active and I will be adding to this position down to the lower support, or on a confirmed bullish turn in the market.
DASH -ing through the low, in a one bull open sleighI entered a bullish trade on Dash . I'm still looking forward to the overall crypto market to reach more lows, but the DASH/USD chart checked a few boxes in the 'trade-it' column.
1) I like to look for long trades when RSI has a double bottom in the relatively extreme 20-30 range (conversely, exit trades in the 70-80 range). This becomes more attractive to me when there is either divergence, or the second low in price is drastic relative to the second RSI low. In this case, I'm looking at RSI 21 on May 23 at $338 DASHUSD. Then RSI 22 on May 28 at $285 . It qualifies to grab my attention.
2) $290 is a 50% fibonacci retracement based on $732.50 on Feb 19, $284.50 on April 1, and $514 on May 6.
3) The $280 - $290 zone is a simple support zone with touches around April 6 and April 4 and a few more throughout 2017.
4) The price of DASH is just outside the bottom of the bollinger bands . Which can help with any snapback similar to the action from May 12.
5) Stochastics, RSI , and MACD are all appearing overextended....which is certainly not information to trade on alone, as they can technically stay oversold as long as they want... but considering the other points, I can see those adding some spring to any support that may come in at this location.
Buy $285
Stop $250
Target 1: $338 (1:1.5)
Target 2: $373 (1:2.5)
This is just an idea, and you can obviously tailor your own trade with the idea. For a little more risk, one could use Target 2 as Target 1, and use the 100MA as Target 2.
Also of note, the last two time RSI was at this level on a daily chart, DASH had relativelylarge snapback rallies.
Do you agree with this setup? Did you use different price levels? Feel free to comment what you are seeing. Thanks for viewing.
-Travis
JMJ - UIOGD
What do adult entertainers and crypto have in common? XVG.Seeing a nearly 250% rise during the time VERGE was building up to announce its new partnership the coin quickly dipped more than 30% following the announcement that the partnership was with MindGeek, the parent company of PornHub.
Today the coins price line lies again on long-term support on the 4-hour chart between the .618 and the .382.
Current market-cap for XVG is $1,012,743,221 USD and in circulation are 14,903,276,623 coins. Moving this week from rank 20-25, Verge team members recant sentiments that they are not worried about the coin’s future. The way they see it, “the PornHub case is, in fact, positive for pointing out the coin’s anonymous features. Other use cases may include medical marijuana or other sensitive payments where confidentiality is preferred.”
With some crypto holders up in arms about XVG’s new partnership and others welcoming the limelight as knowledge about altcoins spreads...where do you stand?
Will this be a stepping stone to bigger and better things or another reason for non-adopters to conjure up lewd connotations of crypto?
[Cryptosfeels] The future is now, OLDMAN. XVG/BTCyoutu.be
Days and days mining poor gtx1060,but now everything makes sense, everything is brighter and even my bread is more crispy.
Since we can leave our parents' visa and pay our pleasure with xvg.
Now we are facing a point of purchase with a solid supp 876 next soft sup 825 and continue climbing.
if it breaks, cut 745 and touch 695 to go up slowly
I will personally buy xvg, but not to trade ....
DASH - privacy coin - over 300% possible earnings
Hi my dear friends.
Today we want to share with you another interesting idea of another (the biggest) privacy coin - Dash.
For many months or even years it was the most undervalued coins on the market.
Within a months it became on the strongest in the world.
When almost 2000 cryptocurrencies are fighting to be in the lime light, Dash has secured a number of very strong and loyal users who have put their trust in this coin (nearly 300k followers on Twitter).
Down below you will find some unique features of this coin:
1. Next Gen-P2P Network
At Dash’s core is a unique fully-incentivized peer-to-peer network. Miners are rewarded for securing the blockchain and masternodes are rewarded for validating, storing and serving the blockchain to users.
Masternodes represent a new layer of network servers that work in highly secure clusters called quorums to provide a variety of decentralized services, like instant transactions, privacy and governance, while eliminating the threat of low-cost network attacks.
They claim to have one the most intense network of masternodes being equal to 4,100 since launch in 2014.
2. PrivateSend Function
The PrivateSend function is one of the main reasons behind its popularity. The function uses multiple masternodes instead of a single website for a transaction. This allows the users to transfer payments much quicker.
3.InstantSend
This is another huge advantage over Bitcoin. InstantSend helps carry out transactions instantly. Unlike Bitcoin, transaction speed is one of the major drawbacks which Dash seems to have resolved quite easily through this function.
To sum up. This is very solid project, with very engaged developmnet team. It is one of the most decentralized crypto in the world, highly secured and fast. Dash has a potential to be a world class leader in crypto payments which can be applied to real economy becoming so obvious as donats behind the corner. LOL :)
Technical analysis details:
SMA6 crosses SMA50 - bull's cross
MACD positive divergence - bull's cross
DMI bull's cross
Fibonacci levels:
Target 1: 0.0606
Target 2: 0.0770
Target 3: 0.0901
Target 4: 0.1035
Target 5: 0.1222
Target 6: 0.1461
Stop-loss: 0.0342
Guys. This is great opportunity. Stable and profitable coin with possibility of massive adoption.
Thank you for all comments and likes.
Don't forget to follow us motivating us to hard work.
Share your thoughts and comments.
Remember, you are one of a kind!
HUGS!
Your WBM Team
ZCASH (ZEC) - Promissing future - 26600% earnings till 2025 ?!?
Hello our dear CRYPTO FAMILY!
Looking for stable, highly ranked, solid project?
There you go.
Market cap 830 mln $ - massively undervalued.
One of the top developers' team - 88% on coingecko (4th with SIA).
Here is some fundamental analysis.
One of the largest funds indicates a cryptocurrency that can grow like bitcoin. Yes they mean ZCASH.
Here is why.
Grayscale Investments - a fund that is part of the Digital Currency Group, one of the largest cryptocurrency companies - in the autumn launched a fund allowing investment in Zcash. Now the company explained why they put this cryptocurrency on.
Grayscale used financial models to create a forecast of how much the Zcash price - the ZEC abbreviation - could grow. According to the simulation, one token could be worth around 60,000 dollars in 2025 which means 26600 %.The fund, however, accepted one very important assumption: approx. 10 percent will be located in Zcash. world wealth that is now found in all tax havens. Will it happen? We will see...
The name comes from "zerocash". Zcash was created with a view to fully anonymous, secure payments. All participants in the chain have access to blockchain zcash, as in bitcoin, but the cryptocurrency thanks to the zk-SNARK encryption technology allows to hide: sender, recipient and transaction amounts.
The zcash asset, as with bitcoin, is limited to a maximum of 21 million tokens.
"If bitcoin is like the http protocol for money, zcash is like https - a safer layer," say creators of the ZEC.
Hiding the origin and previous transactions of a given token causes that it is just as interchangeable as any other token zcash. Put simply: in transactions, all tokens are treated in the same way, there is no possibility of discriminating them due to previous transactions, and thus, the liquidity of zcash is preserved. In Bitcoin, on the contrary, everyone can check this data, so there is a risk of discrimination in transactions.
Behind the investments in zcash speak: a strong team of developers (even Vitalik as a advisor) behind the initiative and partnership with JPMorgan. In 2016, the bank decided to implement the Zcash technology to the Quorum blockchain being developed by itself, built on Ethereum.
A bit of technical analysis:
MACD positive convergence
Stoch RSI - oversold zone 7 bull's cross
Momentum - stable around 0 level - positive divergence
low at Fibonacci levels scale
Fibonacci levels:
Entry: between 172$ and 356$
Target 1: 356,41$
Target 2: 464,16$
Target 3: 556,96$
Target 4: 648,08$
Target 5: 780,53$
Target 6: 944,08$ (new ATH)
Stop-loss: 172,36$
Keep watching this coin as last couple of weeks we had a gain on another privacy coin (Verge almost 400% over last 4 weeks). This means another privacy coins can gain a massive attention.
Thank you for all the private messages, likes and comments. Don't forget to follow us. :)
Look at our another analysis ex. Digibyte (another privacy coin) or BTC.
HUGE HUGS!
We love you guys! Without you our job would be literally without any sense. You are our fuel!
Your WBM Team
Cloak SetupI have been eye'ing this trade for a while now. It just recently hit my price targets, and looking for at least a 3X return on this one.
Monero "The Private Coin"I see double formation in this coin.
Therefore, I believe that it can test upper levels but I expect every other coin to follow the mother coin before everything else goes up also.
Monero (XMR) Long-term Bullish Analysis. Let's Make Money!Currently ranked number 10 by market cap, HITBTC:XMRBTC is an extremely strong privacy coin that has had steady growth against COINBASE:BTCUSD even through the the recovery. I believe that this is one of the best investments that I have in my portfolio. Check out the upward channel that is well-established here. Healthy volume, healthy RSI, and few, if any, wild swings that we see in other coins. If anything, it's rising within our channel as illustrated by the moving average approaching getting closer to the upper bound of the channel.
No buy-in advice here, other than waiting until the next time that HITBTC:XMRBTC shows oversold in the RSI. I'll update this chart, but am mostly using this to track my own investment. I'd like to hear your thoughts on HITBTC:XMRBTC , especially if you're trading/looking to trade! Please comment below, as the more input we see, the more informed we are!
*** This is not a recommendation to buy or sell, this is for educational purposes only! ***
KMD THE SLEEPING GIANT Breakout confirmed + Bitcoin Hush AIRDROPKOMODO will likely emerge as one of the most liquid privacy coins in 2018, and I would suggest anybody to look into the huge potential it has for this year! They have an open-source project that is making waves in the blockchain technology. Leading 1st place with over 30,000 Atomic Swaps, its BarterDEX technology hopes to create a decentralized exchange (DEX) for Bitcoin, bitcoin-protocol, as well as other SPV Electrum-based coins. Not only this, but it utilizes something called JUMLR which is an anonymizer that allows individuals to mask their trades. More recently, Komodo has got an Airdrop coming up with Bitcoin Hush and some planned further announcements coming up like a New Website Launch. I'm sure more marketing will get pushed as they go LIVE and attract more investors into their community. As we seen in December, this coin can rally fast so lets check out what it offers.
TA - On the DAILY:
- Recently broke descending triangle pattern
- Heavy rejection on 50,000sat support level
- MACD crossing supports bullish movement
- RSI moving (also a good short-term BUY)
My Trade Idea:
BUY: Below 63,000sats
SHORT-TERM (1-2Weeks)
Target 1: 70,700sats
Target 2: 79,000sats
MID-TERM (1-2Months)
Target 87,600sats
Target 4: 98,000sats (0.618 Fib)
STOP-LOSS: 44,000sats
PLEASE NOTE: Consider all trades with caution and only invest what you can afford to lose as cryptocurrency is highly unpredictable. Take profits and Invest in yourself. You can afford it, trust me. This is not Investment advice!
SOURCES:
komodoplatform.com
twitter.com
medium.com