LSKBTC trade ideas
LISK Why to own it, not invest in it.LSK looks like a great coin. It looks like a great idea. It takes little bits and pieces of different projects that I feel like are very promising. I like the 101 validators idea, allowing the coin to socially deal with bad actors and activist "miners" in a democratic way. I very much like that. Its governance model doesn't touch DASH's, but its a bit more "open" than the dash model. I like that too.
From a fundamental standpoint I like the technology. A blockchain to build DAPP's for Desktops, Mobile Phones, Tablets, and a series of other like devices most certainly has applications. A SDK kit with more ease of use and better hardened security than ETH definitely has a place. It will remain to be seen if that claim has any validity - but it is exciting none-the-less.
The transactino speeds are quick, less than a second. That has to raise eyebrows, as it takes an instant swipe at many other chains having problems scaling. We all read "the ability to scale" yet about 6 months later nearly every coin suffers from exhaustion and slows down, and bogs the network. Again, we'll have to see it to believe it - but in this category LSK has been chugging along and has scaled quite nicely. That is admirable.
From a technical analysis standpoint we see a coin that is very much range trading based on the BTC economic conditions. That's no fun. Except it gives us great entry points. With clear accumulation and distribution targets, the well disciplined investor can surely buy his time and accumulate near the support channel. Likewise if you wanted to turn a profit you could wait and sell near the resistance channel. Based on the shear fundamentals around this coin; I have faith it will crush that resistance channel someday. If you're a disciplined investor, buying nearer to support...and "HODL'ing" (Hold on for dear life!) is a strategy you should certainly apply to LSK.
I look forward to your comments readers!
References:
lisk.io
coinmarketcap.com
en.wikipedia.org
Lisk looks like bullOK, this one is kinda hard. It's definitely a rising wedge and rising wedges are "generally" bearish. But, we are very close to the trend line and daily MACD is very close to green.
I see two outcomes: first, we break up from this wedge. Second, we go down and test the trend line (around 0.0005s), then go up. Either way, it looks like a good buy opportunity if you ask me.
LSK TA by Scarecr0wI used some fib retracemetns and a fib chart to try and make a prediction on the LSK price in the next couple of hours.
Lisk Long termThrough this analysis it consolidates my idea of lisk being a solid option for 2018.
In this chart pattern we can see how the market gave a sudden impulsive pattern about a month ago, after that it had a negative trend . When it touched the support it created a new trend that concurs with the elliot waves. After it's corrective pattern it created a impulse x2 to the previous one.
I expect to see a correction within the next 10 days. I see two possible scenarios here:
1. Having another impulsive trend starting at the first arrow on the left .
2. Having a down trend for couple of more days and then bouncing back with a very solid upward trend. Buy oportunity in the blue arrow on the right.
Appliying some fundamental here: Lisk has shown a nice performance in the past weeks giving several updates which have promoted a certain growth in the comunity. It has many plans for months within march-april that can significantly affect this coin. I will try to keep this topic updated.
Have a safe trade.
Thoughts?
Breakout on the weeklyA close above the trend line is a pretty clear indication a new trend has started. Hidden bullish divergence on the BB% with it turning up out of the channel created from the previous retreat. OBV and A/D riding together and turning up. News event slated for February.
Lisk 700 % profit Lisk broke out the neck line of H & S pattern . I expect fall to the next support lines. It will be good time to buy
LSKBTC - LISKLSKBTC - LISK ... Will support channel work again? Will see... Please follow, like and comment. Thank you :)
Lisk VS Bitcoin - The UptrendLisk had not so much interest during the past month, while it has been trending down from btc 0.0015 to btc 0.0004, loosing almost 75% against Bitcoin. But now things are looking to change as Lisk found the support at 46k satoshi and then at 52k satoshi. These price levels were rejected cleanly and are confirmed by 327.2% and 361.8% Fibonacci retracement applied to the corrective wave after the downtrend trendline breakout.
After rejecting the 46k support, LSK/BTC broke above the downtrend trendline, then rejected 52k support and today broke above the 200 Moving Average. So far price action shows signs of a strong bullish momentum and most likely Bitcoin will be outperformed by Lisk in the coming weeks.
There are multiple targets to watch, but the first strong resistance is based on 627.2% Fibonacci retracement applied to the corrective wave down after the downtrend trendline breakout. This is btc 0.0015 level, where LSK/BTC already established high on the 16th of November. The next strong resistance is btc 0.02 psychological round number which is at 927.2% Fibs and could go a little higher. On a downside note, only a break and close below the 46k satoshi support could invalidate bullish outlook.
LISK/BTCLISK/BTC - Good RRR. thank you for your likes and comments. You can also follow my other social media accounts.
LSK trying to get back in the game, as BTC starts it's drip?LISK breaking free from the descending triangle in which it's been for some time now.
Could this be the break that LISK was waiting for, or will the 73k Satoshi support line put an end to LISK's rise?
LISK is now less RISKBe happy for this moment. This moment is your life.
LSK/BTC: BITTREX:LSKBTC
LSK/USD: BITTREX:LSKUSD
$LSK / $BTC Beautiful consolidation range. Very nice consolidation here. Could be a explosive breakout if we break the top trend line on a close.
LSKBTC support turns into resistance!!After the breakout of the main uptrend support line, a retest happened! Support is turning into resistance!! Waiting for reverse signals in order to go short with very very tight stop loss and RRR=4! Enjoy
LSKBTCHistory repeats? Moving on a channel
I think we are going down to 7000-9000 at least. At this place we might we nice bounce.
LSK New Opportunity (175%+ Potential) - LONGWe closed our earlier LSK trade because we broke support and our stop-loss was activated.
After that, Lisk touched a new now, a support that hasn't been touch since JUNE and then it bounced but, this opened us up for a new trade.
This is a LONG trade. So expect it to leave it open for several weeks or months before we reach our target or stop loss.
Both MACD & RSI are showing some bullish signs.
The charts are building up nicely. Candle stick analysis is very positive.
We will face resistance at 0.00060 and after that we can expect some movement.
Buy in range: 0.00045 - 0.00055
Stop loss:
(*) 0.000388
Targets:
(1) 0.00084
(2) 0.00120
(3) 0.00180
The present is bright and so is the future.
Thanks for visiting.
Your support is highly appreciated.
LISK at good buyLisk at a good buy against BTC but with BTC on the run again we might see lisk break structure and continue downward wait for confirmation to buy at around 0.0007600 BTC. LISK currently hitting 2 support levels in the uppward channel and crossing with horizontal structure as well as RSI showing strong support!