KMDBTC trade ideas
$KMD / $BTC one more leg down$KMD / $BTC one more leg down then it is a great buying opportunity.
Description: Komodo is a privacy-centric cryptocurrency that combines the anonymity of ZCash with the security of Bitcoin. Using a new consensus mechanism developed by the Komodo team, delayed Proof of Work, Komodo blocks can be notarized using the Bitcoin blockchain. KMD is issued through an Equihash-based PoW protocol, and the new block information is sent to pre-voted notary nodes. These nodes insert the Komodo block information on the BTC blockchain by creating a custom transaction. This system ensures that in order to "hack" komodo, one would have to rewrite both chains.Komodo uses Zero Knowledge Proofs to provide 100% anonymous transactions, that are now secured with Bitcoin's hash rate.
Rank: 57
Circulating Supply: 109,312,493
Total Supply: 109,312,493
Upcoming News & Events
Title: Full Rebrand 2.0
Date: 31 December 2018 (or earlier)
Description: Full Rebrand 2.0 - 2nd half of 2018
There is a possibility for the beginning of an uptrend in KMDBTCTechnical analysis:
. KOMODO/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000156 to 0.000119). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000156)
Ending of entry zone (0.000119)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000188
TP2= @ 0.000223
TP3= @ 0.000278
TP4= @ 0.000329
TP5= @ 0.000415
TP6= @ 0.000523
TP7= @ 0.000643
TP8= @ 0.000880
TP9= Free
There is a possibility for the beginning of an uptrend in KMDBTCTechnical analysis:
. KOMODO/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000156 to 0.000119). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000156)
Ending of entry zone (0.000119)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000188
TP2= @ 0.000223
TP3= @ 0.000278
TP4= @ 0.000329
TP5= @ 0.000415
TP6= @ 0.000523
TP7= @ 0.000643
TP8= @ 0.000880
TP9= Free
My $1k to $100k Challenge - Day 27 Trade #40 - KMDHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
I will be using a trading bot with profit trailing set if the trade goes over 3 1/2% profit.
This means if the trade goes past 3 1/2% profit but doesn't reach my sell target, once the price dips more than 0.50%, the trading bot will sell and take profit.
After 26 days and 38 completed trades:
Wins: 16
Loss: 22
Balance: 0.1517 B
USD: $ 989
*Some trades may be pending and not yet included in my stats
There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.
CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge.
If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart.
Alright, here we go with Day 27 trade #40
I invested 0.0751 B into KMD. I bought 366.34 @ 20500 satoshi
My Sell target is: 21530 for 5% profit
My Stop loss: 19980 (-2 1/2%)
In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all.
I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
KMD- Good time to buy.Hello Everyone,
This is my first idea so if I mess this up please pardon me.
KMD is at an extremly good price. The price has bounced twice from this zone twice previously.
The RSI on daily looks strong.
We are at a good buy zone.
KMD fundamentally is an extremly good coin. Its is developed by a very good developer jl777 and the github is updated daily with thousands of commits.
i.imgur.com
Let me know your thoughts.
KOMODO: 1 MILLION TPS & Z-K PROOFS - PROFIT = 32.50% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 3rd of August 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 32.50% PROFIT!!!
The increase in price may also be explained by positive developments including:
February 23 2018: Komodo announces that it has performed an atomic swap between Ethereum and Dogecoin using BarterDEX, Komodo’s decentralized exchange. BarterDEX features 100+ coins and will grow to support 1000+ cryptocurrencies once we fully integrate the ERC20 tokens into the DEX.
March 16: Komodo announces that its BarterDEX supports 95% of All Coins in Existence.
March 27: Komodo Platform, a blockchain industry leader and pioneer of the innovative atomic swap technology, is entering a strategic partnership agreement with ValueNet Capital, a venture capital fund based in Beijing. The agreement is focused on decentralized initial coin offerings (dICOs). Komodo Platform is one of the world’s first platforms to allow entrepreneurs and business owners to launch completely independent blockchains. Business leaders who launch an independent blockchain on the Komodo Platform may subsequently sell their blockchain’s coins to the public via a dICO.
May 22: China’s Blockchain Rankings Puts Komodo in the Top 5 Blockchain Platforms.
June 7: BarterDEX, Komodo’s decentralized exchange, has recently been added to Blockfolio.
(NEW) July 7: Komodo announces it plans to reach 1 million tps using its Federated Multi-Chain Syncing technology. This aims to increase the scalability of the blockchain.
(NEW) July 9: Komodo announces plans to add Cross-Chain Smart Contracts functionality to it's blockchain. This aims to increase the interoperability of the blockchain.
(NEW) July 11: Komodo announces plans to Zero Knowledge Proofs functionality to it's blockchain. This aims to increase the privacy of the blockchain.
The price increase is the result of the positive developments outlined above and a recovery in the crypto markets.
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for more information)***
Potential Pitchfork FormationI don't have much time to write at the moment, but I would like to post this. It looks like BINANCE:KMDBTC could potentially be forming a pitchfork trend here. We have a potential top, middle, and bottom, and have had a nice uptrend the past few days. In addition, we've had two wicks break above the 21 Day (blue) on 7/25 & 8/3, potentially signaling a switch in momentum.
If this trend holds, it doesn't look like KMD will be much cheaper than this. Many of the other altcoins are still waiting for their rallies, but this one may be starting early with BTC. I could be wrong, but I'm liking how this chart is looking.
Thanks for reading, stay smart out there.
---
Dillon Seals
Komodo is getting ready for the next Bull-run.Notice how the sellers are slowly losing steam. MACD is ascending, which will lead to an impulsive upward movement.
-The price needs to get back above the diagonal trend line and then continue its upward movement with good volume.
That will lead to the 50 EMA to cross the 200 EMA which will confirm the change in trend.
This is a good project t which always helps to know.
Wait for confirmation to buy in.
$KMD /$BTC - Just hit all time Low.$KMD /$BTC - Just hit all time Low.
Description: Komodo is a privacy-centric cryptocurrency that combines the anonymity of ZCash with the security of Bitcoin. Using a new consensus mechanism developed by the Komodo team, delayed Proof of Work, Komodo blocks can be notarized using the Bitcoin blockchain. KMD is issued through an Equihash-based PoW protocol, and the new block information is sent to pre-voted notary nodes. These nodes insert the Komodo block information on the BTC blockchain by creating a custom transaction. This system ensures that in order to "hack" komodo, one would have to rewrite both chains.Komodo uses Zero Knowledge Proofs to provide 100% anonymous transactions, that are now secured with Bitcoin's hash rate.
Circulating Supply: 104,254,998
Total Supply: 104,254,998
Upcoming News & Events
Title: Airdrop Snapshot
Date: 14 August 2018
Description: Snapshot for Chainzilla airdrop on Aug 30 to KMD holders.
Title: Full Rebrand 2.0
Date: 31 December 2018 (or earlier)
Description: Full Rebrand 2.0 - 2nd half of 2018