LSKBTC trade ideas
LSK/BTC slides at channel resistance again ahead of TestnetLSKBTC price has been sliding through sloping channel, the Lisk bears have resumed its downtrend again at channel resistance at 0.0009000 levels. While the technical indicators have also been in bearish favour (refer 4H chart).
The Lisk technical team has recently announced its upcoming Testnet which is scheduled for this 28th June. While it is coming to Amsterdam on June 26th where the excitement is lingering around to bring the community together and discuss the latest news at Lisk, the Academy of this crypto is hosting an open Q&A round.
The Dutch Marketing Lead, Thomas Schouten, would likely present a crucial speech and participate in a panel discussion at Blockchain Expo Europe as well. The conference takes place on this 27th and 28th in Amsterdam. Approximately around 8,000 participants attended the conference last time when it was organized in Berlin.
The lisk team is currently working on their new project named Lisk Core 1.0. They have also released a migration guide along with the Lisk Documentation.
The documentation illustrates the vital points about technical sections of the latest version of the blockchain. Following are some of the topics that have been described in the documentation: Lisk Protocol, Lisk Core, Elements, Commander, Hub and explorer.
With the current network growth speed, the estimated time and date of the migration is 12 CET, Thursday, June 28th. The migration is scheduled for when they reach the block height of 5,594,490.
While you could observe the price of lisk against bitcoin has been constantly dipping below 7EMA levels ever since it dropped from the peak of 0.0013239 levels (refer daily chart).
LISK Possible Bearish IdeaIf BTC fails the Bulls and take the Alts down the drain with him, then this could be a possible scenario for Lisk..
$LISK #LSKBTC - THE MOST INTERESTING CHART PATTERN OF THE WEEKHello Lads and Ladies,
Today we are looking into LSKBTC which is mentioned almost daily in the frequent discussions.
Starting mid February and ending in the begging of April LSKBTC has been in a very strong downtrend. From such a heavy downtrend it is normal that cryptos tend to make a move sideways with a slight increase and not make any big moves too fast. As wee see it charted there is a green increasing resistance line, that can be taken as an indicator for the new uptrend. ANYHOW the chart is still affected by the previous downtrend which we see it locating itself in the red decreasing triangle. Here it is very interesting to see how the chart movement from the beginning of the year still has an affect on the chart and everything else just seems to be a big breakout which was doomed since the beginning (pay a close look how far the decreasing red triangle is reaching back).
Luckily we are relatively coming to an end of this "triangle of doom" as I like to call it sometimes. The chart is right now pretty much in the middle of it, it has to decide where to go and if it ready to leave this triangle or will it still follow it. The crucial point about this is that if it leaves the triangle, we might see a new trend. The possibility that it breaks down lies at around 40% here it would most likely fall down to the 52000 crucial support. Yes, it would have a major bounce back, but it would take a lot of energy and volume to turn that into a real uptrend.
Therefore, the better bullish scenario would be if it leaves the triangle towards the slight uptrend. Here the chance that this happens lies around 60% since the downtrend is now very long/stretchy and really not that effective anymore, which indicates a good turning point. Therefore, in case of a bullish movement the chart should locate itself at the green ellipse area, just a temporary stop and stay around this level to confirm the uptrend. This also gives it the chance of following a very nice channel, which you can see with the green arrows. Also keep in mind that when it leaves the triangle it will at least touch the uptrend line, so the longer it takes for it to leave it, the bigger gains are awaiting you.
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Cheers, Tomas
LISK: NEW DEVELOPMENTS - PROFIT = 10.48% IN 48 HOURS!!!Our "Crypto Bottom" Trade Indicato r has correctly identified a buy in point on the 29th of May 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 10.48% PROFIT!!! IN 48 HOURS!!!
The increase in price may also be explained by positive developments including:
April 11: Lisk Core 0.9.13.
April 11: Release of Lisk Hub 0.4.0. This includes a tutorial, second passphrase registration and more.
April 21: Release of Lisk 1.0.0-beta.6
April 22: Lisk Ranked #2 in the Latest Code Audit from Darpal Rating
April 25: Lisk Hub 0.5.0 is released - introducing delegate registration within the Hub and much more.
April 28: Lisk Core 0.9.14 is released.
April 28: Lisk Explorer 1.6.0 is released.
May 17: Lisk is ranked third in a global public-owned chain technology assessment index by China’s Ministry of Industry and Information Technology, CCID.
May 18: Lisk releases Lisk Core 1.0 for Beta Testing.
May 22: Lisk announces that it has reached 200,000 wallet creations.
May 23: Lisk releases the new version of its desktop app - Lisk Hub 0.7.0.
May 24: Lisk announces it has processed 1.7 million transactions while not a single security issue or breach has occurred.
May 30: Lisk releases Lisk Explorer 1.6.1, which included UI fixes and minor functional improvements.
The general uptrend in the crypto markets as well as the positive developments outlined above.
***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
Lisk SDK 2018 huge potential! All liskers are waiting for the big price jump :) sdk should come up this year which will make a big green candle in Q3-Q4 2018!!!
as you can see on picture below lisk has broken from the downtrend
new uptrend just started.
Remember this a long term prediction.
Lisk has a lot of room to grow :)
Main targets
TP1= @ 0.00171
TP2= @ 0.00345
TP3= @ 0.00416
LISK - Repeating FractalHere is a repeating fractal I spotted on Lisk's daily chart. It's currently in a falling wedge (pink) as it approaches the upward trend line. Bullish divergence on the RSI. **Depending on what BTC does**, we could see a break to the upside soon.
Is it Lisk Time? Take TwoSo this is just a continuation of the previous idea, and the charts I've been posting in the comments underneath. The first idea got invalidated when BTC began a long impulse cycle down to 7.2k. And, as we have seen in the past, particularly in this zone, Lisk has been prone to some pretty brutal sell offs. From a Fundamentals standpoint, this does not make much sense. Lisk is one of the most legit blockchain projects out there, with a very active community of developers/delegates and a respected presence on GitHub. Furthermore, we can see with all the hype around EOS, that DPOS is becoming a big deal. Of course, with all these very new systems of consensus, comes growing pains and obstacles. But Lisk has a pretty solid roadmap, with some clear milestones coming up this year. Not to mention it's premise of accessibility and ease of access to blockchain tech for developers (javascript), and an academy for blockchain development... Regardless of fickle market ups and downs, I believe Lisk is a solid long term hold/investment. Remember, it wasn't that long ago that Eth was under $15.
Again the disclaimer. Charts present possibilities, not certainties. There is risk involved. This is not professional advice.
Is it Lisk time again?Lisk got battered after re-branding event. It's is typical trader activity... sell the news. Lisk has been difficult to chart for months, notwithstanding the recent parabolic move up preceding the re-branding event, and subsequent sell off; but it was around this time last year that clear impulsive moves occurred, and Lisk 'changed category' so to speak. Now, it appears to be making much more discernible impulsive moves again. I've posted a lot of charts in the chat, on BTC and a few other cryptos. I've charted with some success using a combo of fib arcs, EW and Gann. It's a constant empirical experimentation process. But I've never felt ready to publish... Anyway. Thought I might start with this one... let's see how it plays out. Knowing Lisk, and past behaviour when it goes impulsive... it may put in some extended waves...
As always DYODD/DYOR (do your own due diligence/research). This is not professional advice. You know, risk and all that... the standard disclaimer. Charts present possibilities, not certainties.
Hari OM!
LSK 4 HRPrice should fall over the next few hours.
Senkou B is still flat - bearish
Senkou A is beginning to trend up
The downward price action should continue as the kijun moves on top and the tenkan races up the kumo to meet it.
Double top on the stochastic RSI with room to fall.
DIs are moving in the direction of a bear cross.
Potential 3 black crows forming on the candle patterns.