ONTBTC trade ideas
ONTBTC double bottom, bullish XABCD and the breakoutAnalysis of ONT started with bullish reverse of indicators. Then the price found and bounced from double bottom which is situated at the lower trend line of the Triangle. Lastly the price bounced and made a breakout up from the drawn point may start a bull run, in case of subsequent consolidation the price should form another XABCD and bounce from the upper side of the Triangle. Our targets will be reached in the mid term
$ONT / $BTC Analysis. Good Time to Enter?It will not a surpise to me if ONT will back to 0.786 support which is 0.0002364 as the similarities happen towards the price action and RSI level. Let me expand this opinion.
Through bear market as the majority is struggling in 8 months to hold up, there is nothing special with Ontology which also experience the same thing either. But this coin was one of the most phenomenal gains after it's release.
Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform. Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems. Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. Ontology supports collaboration amongst chain networks with its various protocol groups.
Right now it's still one of the best pick, but must with a good entry. Which from I see, 1st: 0.0002731 / 2nd: 0.0002364 / 3rd (worst case): 0.0001896) after those, we will hold and wait it will get back to the neares top 0.0004083.
ONTOLOGY: NEW PARTNERSHIPS & MAINNET SWAP - PROFIT = 32.07%!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of September 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 32.07% PROFIT!
The increase in price may also be explained by positive developments including:
April 27: Official publicised Launch of Smart X. This enables users to program, debug and deploy smart contracts on testnet. It supports NativeVM, NeoVM and WASM smart contracts in C# and python.
April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT -14.36% 37.84% 37.84% -13.16% protocols.
May 3: Ontology announces a strategic partnership with NAGA 0.84% -0.88% with the intention to bring the Ontology infrastructure to the massive financial technology markets.
May 11: Security Giants Baimaohui and SlowMist Join the Ontology Co-Builders Program. This aims to provide security audit services, support the development of public chains, and promote safe, secure, and reliable blockchain infrastructure.
May 14: The Ontology Foundation and the NEO Foundation signed a memorandum of understanding on May 14th, 2018, concerning strategy and technology integration.
May 24: Following the signing of the MoU, the Ontology Foundation and NEO Foundation have announced to co-fund a Joint Task Force with a total capital contribution of 4 mill CNY -0.21% -0.14% -0.70% .
May 25: Ontology Announces the Economic Model Design of the Triones Consensus System. Based on the Triones Consensus System, the Ontology team uses: 1. ONT 3.05% 1.60% -1.90% a cryptocurrency coin of main chain services & ONG a utility token of main chain operations.
May 29: Ontology establishes Strategic Partnership with COT ( IoT 0.00% 0.00% 0.00% 0.00% technology strategic partner.). Under Ontology’s strategy, Ontology and COT will co-build a platform combining Ontology’s chain network model and COT’s IoT 0.00% 0.00% 0.00% and intelligent hardware.
June 4: Ontology Launches Ecosystem Accelerator Program (Ontology Olympus Accelerator). The Ontology Foundation will invest approximately 1.5 billion USD worth of tokens, all of which will be used to support the future development of existing startups.
June 5: Ontology and PTS 2.84% Announce Strategic Partnership to Build a Blockchain-Based Credit Data Exchange and Financial Services to Empower Real Economy.
June 6: Ontology announces the first batch of the Ontology Advisors Group (OAG). The advisors will provide a full range of strategic and industry consultancy for the Ontology ecosystem.
June 10: Ontology announces token swap in conjunction with mainnet launch.
June 12: Ontology Enters the Automobile Industry with CarBlock Partnership. CarBlock will build a transport data platform based on blockchain technology and vehicle network intelligent hardware. CarBlock will use data to tap into the one trillion US dollar 0.34% -0.50% -0.48% -0.06% automobile market and create a brand new smart transport ecosystem.
June 14: Ontology successfully switched to VBFT on Tuesday. Performance tests are showing tps of more than 5,000 without parallel processing, sharding, or FPGA.
June 19: Ontology and Contentos to Collaborate on Public Blockchain Solutions for Content, building a new global decentralized digital content ecosystem (distributed infrastructure with video applications and people).
June 25: Onchain wins the Microsoft 0.61% 0.78% -0.06% Accelerator Shanghai Graduation Award.
June 30: Ontology notes that it will commence a token swap on June 30 with ONG distributed to all token holders.
July 11: Ontology Enters Gaming Industry with Partnership with Cocos. Cocos has 1.1 million registered developers around the globe and 300,000 monthly active developers across 200 countries and regions. Games developed on the Cocos engine cover all game types on the market, which accounts for 30% of global market shares and 45% of Chinese market shares.
July 12: Ontology Adds IdentityMind Global to its Partner’s List to Perform Know Your Customer.
July 17: Ontology announces its cooperation with CertiK, a well-known American formal verification company. Both parties will work together in formal verification and enhance the security and reliability of smart contract and blockchain systems.
]July 27: Binance completes Ontology mainnet swap.
July 31: CoinMex lists Ontology.
August 2: Ontology, formally announces their strategic cooperation with Adrealm, an open ecosystem network for digital advertising.
August 9: OWallet, Ontology’s official desktop wallet, has been officially released, including Ledger support.
August 15: Spuul, Movie Platform with 60 Million Users plans to build new dApp Spokkz on Ontology
August 21: Ontology Cooperation with Healthcare Public Chain ALLIVE to Create Smart Healthcare Ecosystem.
August 22: Ontology uses Cryptography Experts NCC -5.00% Group to Review its Blockchain Infrastructure.
August 22: Ontology Decentralized Identifier (DID) Formally Added to the W3C-CCG DID Method Registry.
September 19: Ontology announces its strategic cooperation with TOP Network to build a communication network ecosystem at blockchain application level. Ontology Global Capital (OGC) will also make an investment in TOP.
TOP Network is a decentralized communication network based on blockchain technology 4.0, providing secure, high quality and low-cost communication cloud services which include messages, voice calls, video calls, VoIP, VPN, CDN, live streaming, IoT data sharing, and more. Its vision is to be the infrastructure of communication and social application in the era of Web 3.0.
With more than 50 million overseas users, they will bring a huge volume of transactions to the TOP ecosystem.
September 19: Ontology announces a partnership with decentralized blockchain music ecosystem platform Muzika. Muzika will develop dApps and a new music ecosystem based on Ontology’s underlying technology.
Muzika has over two million active users and 17,000 music producers across more than 150 countries, with rich experience in community management and user management. Under the direction of Ontology’s real economy strategy, Muzika can connect different aspects of people, assets, objects, and affairs in the digital system through Ontology’s distributed services to integrate the music world with real businesses, and encourage greater trust collaboration.
September 21: Ontology announces token mainnet swap in 10 days.
September 22: Cobo adds support for Ontology’s ONT & ONG tokens on our Cloud Wallet
The general uptrend in the crypto markets as well as the positive developments outlined above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
My $1k to $100k Challenge: Day 68 - Trade #59 ONTHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 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.
Current streak of 7 out of 10 profitable trades in a row.
After 67 days and 57 completed trades:
Wins: 28
Loss: 29
Balance: 0.1899 B
USD: $ 1226
*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 68 trade #59
I invested 0.10 B into ONT. I bought 358.68 @ 27880 satoshi
My Sell targets are:
T1: 29280 5% potential profit
T2: 30680 10% potential profit
T3: 32070 15% potential profit
I will sell 50% at target 1. 25% at target 2 and 3.
If target 1 is hit, I will move my SL up to my buy in price.
If target 2 is hit, I will move my SL up to T1.
SL: 27060 -2.5%
Clear to see, ONT breaking out of a big downtrend and huge increase in volume.
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!
ONT BTCStructure/Trend: From the 29th of August till date has formed a Triangle Trend, there has been constant drop in price (downtrend). However some Support and Resistance levels have been constantly tested, from the 31st August to the 1st September, 0.0003574 has proven a good resistance level, 0.0003389 proved to act as Support on 3rd Sept and Resistance on the 4th Sept. from the 6th till date 0.0002946 has proved to be a strong Resistance testing up to about four times.
Hypothesis: The RSI shows that the price line just recently touched lower limit, the line has risen a little from there on, this shows the price should rise at least for the next 2 days. The trend shows a Triangle, the trend seems to have come to an end, this can either lead to a downtrend or an uptrend. Looking at the trend before the Triangle, the price was more of stable in trend, therefore it cannot be easily predicted the trend to follow after the Triangle. The EMAs show that price has been in a downtrend over time, the EMAs are also above the price bars
Confirmation/Tell: At this point it would be advisable to make a trade move just after the price bar breaks outside the price trend, at this point it would be easier to decipher where the market might move. Also the EMAs being under the price bars would mean an uptrend. These are more confortable zones to make trades in the market.
Target: The Stop Loss was placed well below the lower Support at 0.0002340, the Target Price was place just at the highest Resistance at 0.0003914
SELL ONTONT price is on a bearish trend and the price is currently overbought according to the stochastic RSI. The bearish momentum is well confirmed by the recent cross on the stochastic RSI, and possible sell trade could be initiated as of the current price, around 0.0003161 satoshi, or wait for the price to cross the lower trend line on the triangular trend. Take profit target could be placed at the lower support, around 0.0002706 satoshi, with a stop loss around the downtrend trend line, around 0.0003233 satoshi.
ONTBTC
ONTBTC Elliot Wave Study - 2Hello everyone,
If it's true, ONTBTC has completed 2 wave with WXY pattern. I think 3rd wave can start from around here. In 5minute chart, ONBTC going up with flag patterns. New flags can be occur.
Currently I don't give any stoploss or take profit point. But 3rd wave's possible target is around 0.00075 - 0.00080
Note: Please do not open any position with this analysis. This analysis only for educational purpose. This study is for only trying to improve knowledge of elliot wave principals.
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