DOGECOIN undergoing P&D - Advice to not fall for this scam.For novices out there, Pump and Dumps are NOT created to benefit you. It's a total scam, and you should never fall for this.
The leaders of these P&D groups decide on which coin they are going to pump MONTHS in advance so they can buy the coin at a lucratively low price.
Then, they "announce" what coin it is and when their thousands of followers go and buy those coins, they sell off part of their position due to the inevitable price spike and turn profit.
You may ask, "Well, why can't I just sell my DOGE when they are pumping the price up?". This is because the buy volume isn't there to support the price, and you are NOT going to be able to sell your position at a good price. These sorts of things are designed to scam you out of your hard earned money, and you shouldn't fall for these kinds of scams just to "take the easy route".
Make smart trades, think for yourself, and you'll be a much better off trader.
Pumpanddump
BTC artifical price pumpin', 9350 LIMIT and few drops POLONIEXBtc upcoming price flow would be something like this:
This would be a price range in 2 days time (counting from now)
* 9350 PEAK VALUE
* Downtrend no.1 9250
* -II- no.2 9150
* Uptrend no. 1 9200
* Uptrend no.2 9275
Downtrend no. 1 9150
Downtrend no. 2 9050
Downtrend no.3 8950
My personal opininon is that after this pump is completed (probably fresh cash just jumped into the pool), prices are getting overextended, so we might see future btc prices when this " madness" finished around 8600-8800.
I guess 8600-8900 will be actual price at least one day after this up and downtrend and later on 8400 (8200-8400) range, because everything over is overextended
Voxels - Get in the pump.This coin have some serious pump & dump action in its history. With little risk we can try to get huge gains. Remember stop loss!
DOGE: A familiar friendLet's take a look at an established old friend of mine, BITTREX:DOGEBTC .
The obvious information is on the chart. Big pump in June this year, bleeding dry since then, having lost over 86% to this point. But there is a bit more to it than this.
Only a few coins have such a nice market memory as DOGE. Let's look into a few stats here.
The market throughout the years:
NOTE: The lines are pointing towards the highest daily close during the pump
As you can see DOGE reliably was pumped once every year, resulting in a 124% - 811% increase. (excluding spikes)
After every pump DOGE was left to bleed out over an extensive time frame, as we know from the usual P&D scheme. Interestingly enough, the lower it went, the higher it got pumped.
For quite a few weeks now DOGE has been stabilizing in the 20 - 30 sat area. With the upcoming Bitcoin forks and the anticipation to it, we may see it go below 20 in the coming days to weeks.
Personally I placed my buy orders at 18, 15 and a very optimistic larger order at 11 sat, if it doesn't hit the target prices by the hardfork dates, I will readjust my position.
As we come close to the end of 2017, the next pump may be just right ahead.
That being said, DOGE could as well be a longer hold over several months.
So what leads me to buy it aside of the named aspects? Let's take a look at the volume on Bittrex:
The trade volume exceeded every prior point by far, the buy volume especially when hitting the price below 20 sats, this massive buy volume is rather interesting.
On another note, the general novice trader, caught up in his ICO-goldrush and longing for always new coins to invest in long forgot about the eternal DOGE, that is until it starts pumping again.
Accumulation of coins is best done in a quiet market, you don't want to buy into a hyped market. My best and most profitable "investments" always were in coins that were either believed dead (while displaying healthy volume) or coins that were called a scam and written off, but that also sometimes meant that the time to build up new hype and the market to explode again is sometimes a long one (as in DOGE), patience is key. That being said, don't hold coins that make constant losses, sell them at a loss and seek a better position to buy in the market again. Every percent lost, is less profit when it pumps.
The crypto market is insanely emotional and reactionary. Plan, prepare and execute your moves in quiet waters and leave the market when the hype is at it's peak - it's as simple as it gets.
EBST: The next opportunity to strike?To inform yourself about the project, use the website www.eboost.info their twitter, discord or other sources - as I will not talk as much about the project specifics, but why I think it's a promising buy currently.
Let's get started:
EBST has been listed on Bittrex for around a year now and was most of the time not really a promising object. It had a huge one day pump and a lot of smaller pumps here and there. I looked quite a few times into EBST, but found it unsuitably most of those times. This changed lately though.
EBST lived through another sell off as BTC rose to the new ATH in the last days and seems to have bottomed out around 2200 Sats.
Lets take a short view on the bigger scale
Now that we are on such a low point (-89% from the highest 4hour close, -97,5% from the 4hour price spike) it seems like the market doesn't want to move down alot further. The support at 22k established itself and held up throughout the last weeks several times. At the same time we are crossing the short term downtrend beginning from 26th September, in a possible C&H formation. It is likely that we will test the resistance at 7200 sats for a fourth time (at which point your buy already has almost trippled) and possibly even break it.
Already sounds good, but what we need is a spark that can push us to these levels yet again, let's see if we can find something:
The EBST team announced, they will revamp their website, officially announce partnerships with several big E-Sport companies shortly and they will have a stage at the COINAGENDA conference in Las Vegas at the 24th October. In addition they hinted to bring EBST to more exchanges.
All in all, paired with the low price and upcoming formation, this makes a good prospect for striking a profit. If you followed the XLM and FUN ideas, you surely have some spare coins by now to give a portion into this possibility. ;-)
Farewell and good luck.
ICN: A coin to watch!ICN has been in a strong downwards momentum for the last 109 days totaling in a 82% loss after an excessive pump in June unfolded.
I am not going into the technicals of ICN , the project runs and is healthy. I am not basing my arguments for a potential rise on these things.
Technicals are just a smokescreen in the altcoin space, whitepapers, projects, partners - just tools to create hype.
Most of the coins will need years, some even decades, to have real life usage and prove their worth - the rest dies way before.
So what makes the price going and this chart interesting?
Basically we see three main components in every market:
Market Movers, Novice Traders and Hype
in three main market phases:
Accumulation, Pump and Dump (Distribution), Retracement,
How does this play out in the case of ICN ? Well, let's try to find the footprints in the charts.
As the chart and price action suggests, we can expect to see ICN bottoming out and enter the accumulation again.
While the bottom is not clear yet, it may as well go to bottom line 2 especially with the pressure of Bitcoin and the coming hardfork, I suggest to keep ICN on the watchlist.
I surely will have an eye on this. Depending on how the market continues to move, I will enter preferably between bottom 1 and bottom 2 close to the BTC hardfork.
FUN: The fun hasn't even startedI want to highlight a relatively new coin in this Idea: FUNFAIR .
As the chart suggests Funfair has not seen a lot of market action yet. So why would I talk about it?
Well, two reasons:
1) FUN is moving in a nice channel, respecting the upper and lower boundary (with one exception that got cleared the following day), and is currently approaching the lower boundary again.
2) The dev-team announced that in the coming weeks there will be a rebranding, a massive token burn and other news and announcements to come.
Number one would probably set us up for a nice short term trade, if the lower boundary is respected again. Number two may set us up for a massive pump.
I will enter this market with a risk adjusted stack if the lower boundary holds again. From then on I will see how things turn out, if the boundary breaks, I will adjust my entry point to a later position.
Looking at the dev announcements, the regular social media mentions of the coin and the price action, I think this could be a good opportunity to strike a massive profit.
Be aware, that if you take inspiration to do the same, the key factor you need in this is patience and discipline.
This coin may as well go lower than the boundary and the hold time at the current time is unpredictable, so adjust your actions according to the risk.
XLM: The party isn't overSo, after the hype and excessive rise of XLM/BTC yesterday, today the sentiment shifted to negativity all around.
After the PBC buy alert leaked a real frenzy for the coin started, pushing it a whole 50% up, closing at 0.00000524 BTC.
From this point on it dropped down to 420sat and has established a channel channel between 420sat and 450sat throughout the day.
Adding to that, the returning strength of BTC/USD pushes almost all alt-coins a bit down. (Someone get rid of the Bully please)
People on crypto-related social media are already calling off the pump, claiming it failed. But let's put the above chart into perspective.
People in the cryptospace really became obnoxious with their constant impatient longing for pumps, profits, "the moon".
Reality is, while people are already impatiently calling off this pump, it is just getting fueled.
Before the huge pump in May we had a considerably similar small pump in April:
which lead to a consolidation and extended accumulation frame unfolding in the massive pump of May.
So what are these Mini-Pumps for? Getting rid of established resistances, testing market reactions, creating hype.
The novice trader may be happy with his (at max) 50% profit this mini-pump gave him, while I am sure 90% lost out to sell the peak and sold into the accumulating strong hands in the 420sat area.
The market movers are not interested in these small sum games, they will push this coin way up and let it bleed dry again.
Market history, price action and the upcoming events call for a hold, aside of the usual altcoin market psychology.
[BUY SIGNAL 1:30 RISK:REWARD] BLK/ BTC Poloniex Bullish PennantBullish pennant pattern just formed, buy trigger set using Guppy Count Back Lines method, if it reaches the prices of 6114 sats I will buy in at 6115, sell targets are 7000(+15%) and 7950(+30%), I will sell half on the first target. Do not jump in before a clear breakout.
Expanse EXPBTC: Massive PumpsSo here's something different. This is far from technical in the traditional sense, but when I was searching around for different coins that had strong teams, concept, etc but low market cap, I found Expanse. It's an interesting platform in a lot of ways, but the marketing is really bad to me. The videos are out of some bad new age, sci-fi flick. So this coin isn't part of my core holdings, but I'm interested to flip it as I noticed that it is really prone to massive pumps every now and then. So I took the smallest of these pumps and marked it out across all the previous pumps (green bars) and found a nice 'safe' estimate of an exit point. A bit high risk and may take time, but I've dropped a small amount in to see what happens. The pumps are fast and extremely short lived, so I've already placed my sell order and my target price. Let's see what happens.
BTSBTC Huge pump and dump! Still more room to drop.Currently we are testing Uptrend Support 2 and are near the .718 fibbonacci. If bounce doesn't happen here we will watch for bounce at the 0 fibbonacci and Uptrend Support 1. BTSBTC is a massive pump and dump and has dropped in huge fashion like this multiple times before.
BTSBTC is volatile so I personally won't buy on the bounce - I am more interested in buying if it breaks the Downtrend Resistance. My usual would be then to buy when BTSBTC retouches its new support but I will update based on this.
I'll answer any questions on this!
Donations if you feel inclined in BTC : 1PdYRwtiiyrs5fZw778XKD4SX3f8iaxMnd
Best,
Aaron
DDD - 3-D Sys, the classic Pump & Dump IMO
See the wide green range?
This is the phase where big investors accumulated.
Then, they pull the string...big Arrow:
This is where the little investor is trapped into this super hype.
While little Joe is buying on the sharp up-move and become more and more greedy, big investors are selling all the way up until no more "chair" is left...
This is how they make their fortune.
They have time (and enough money) to wait for payday.
P!
DRYS LongExperimenting with CM's Pivot Bands and noticed this set up. Will cut losses quickly with this, usually a P&D.
Dogecoin: A perfect experiment on human greedDogecoin has no purpose other than being pumped and dumped. Thus it is a truly natural market, where everyone is driven not by any rational arguments but only by a strong wish to make money. For a savvy speculator it is of no difficulty; though new players, driven by mostly by newslines and Twitter trends (which always appear too late), do consistently lose money there and get either really angry, initiating panic sells or hopeful, holding their losing positions, but then become even angrier as they sell them lower than the initial price decline. Emotions being the only driving force for price, they appear in their purest form and with a consistent cyclical pattern, which can be seen in price patterns.
On the chart I've highlighted bearish periods of DOGEBTC and a major resistance level. I guess it is not hard to deduce that the next DOGE pump will happen in 2-3 weeks :D
Short the Pump $GOLStocks that spike, like $GOL here, are always of my interest.
This big gainers spikes with almost to no news out. Purely hype.
Also, it has been trading under the 50MA since Sept. of 2015.
My goal here is to short it at around .57 (resistance), cover half at .42 (daily support), and the whole at .25 (lowest support it has had.)
If it decides to break above .57 , I'll look to short it near the 50MA
Would not go long until it can show that it can break .80 .
Bitcoin Market Crash Cycle Comparison - Launchpad
twitter.com
If you are familiar with this image, you'll understand very well that market crash cycles can be found in every corner of the market. With the only similarity between all markets being the human beings behind the money (price), it would be sensible to think that the psychology & emotions behind these humans play a pivotal role in understanding markets and trading.
If we can break this market structure down into 4 easy-to-understand parts, we would come up with something like this:
1. Accumulation
2. Launchpad
3. Pump
4. Dump
Relating this to Bitcoin, it seems like the year long accumulation period is over, as $BTCUSD broke above major resistance $300 in October 2015. Based on my interpretation of the market crash cycle, we have now moved into the launchpad phase with our current price action raging between $294 and $502.
If Bitcoin continues to be the leading blockchain network, it should become widely regarded and generally accepted as the base currency of other cryptocurrencies. In the shorter term, the bitcoin halving happening in Q3 2016 will set the stage for a pump, and for that to happen, MMs must maintain the uptrend structure formed since October 2015. Any breaks below structure will either delay the pump, or lead to another downtrend.
Upside targets are $710, $995, and $1163.
Downside is $341, $280, $220, $160.
$NHTC eaZY 1800% Basic TA [ SnipeSnipe ]Look at this Market.. ok ok.. it doenst matter which market, but this is gone wild for the last couple of months.. perfect market cycle.. even foconacci Extension was working.. =) So lets crack da Nuts..:
Whats going on and on and on - every market every TimeFrame:
1. Accumulation
2. First Pump
3. Accumulation
4. Second Pump
5. Accumulation
6. Third Pump
7. Distribution
8. Pullback
9. Bounce
10. Sell off
Questions..? No.. Onto da next one.. Search those gems.. wait .. wait.. ALL iN.. $$$ ..! =)