BTC trading sideways as alts take off a bit as the markets show some signs of life. Part of this may be driven by the fact that Bittrex opened up shop again and is allowing new US based money to enter the market that's not willing to sign up for some of the overseas exchanges (Binance & Kucoin). We still have a couple gaps below but we have plenty of upside...
ZRX bottoming out at the start of its major rally late last year. This is one worth keeping a close eye on as they have very strong tech / team and already have people building on top of their protocol.
BTC bouncing down from heavy resistance levels based on prior pullbacks. Given we've had a few gaps higher in the past 2 weeks there are several levels below as targets if we continue to see btc pressured down. Expecting lower before higher at this point as SEC scrutiny increases on crypto as a whole and negative news regains people's attention
Following my post ~2 weeks ago mentioning consolidation ahead of Znodes which came a day or two before Znodes we are much, much higher! To host a Znode people need to accumulate a minimum of 1,000 Zcoins and they'll be awarded with a masternode that they can run and generate solid returns in 2018 and on!
Now for the charts.. Given the massive rally don't be...
Eth has been trending higher as the bitcoin fork drama subsides and the market refocuses on everything else in addition to first cut of the Ethereum Casper code being published on Github earlier this week!
Technically Eth has continued to make higher lows and today made a new all time high! If we can stay above the ~395 level we can see Eth leg up higher towards...
BTC has seen heavy volume pushing it down on the back of a strong push by bitcoin cash and 30% of hash rate switching off mining btc following B2X miss. Bias is still down given significant number of air gaps below and the powerful rally btc has had over the past 35-40 days or so but expect significant support at these levels which could provide excellent trading...
XZC seeing modest consolidation on the back of volatility coming from an aggressive Bitcoin Cash campaign. Clearing up volume gaps higher is healthy for the long-term structure of the chart and we'd like to see measured, steady moves higher ahead of the major Znode announcement expected late this month / early next.
IOC bouncing off a key support level ~50k SATs. Added a nice chunk to my bags from 58k down to 52k SATs over past 24 hours looking for ~65k - 70k SATs for my first exit, then 76k and holding over 60% of my position LT.
XZC as expected and in-line with all other alts dipped significantly following the btc rally and spiked just below our targeted support level. Let's see if this down to ~180k SATs holds but at this point I would be picking coin up and just forgetting about it. Risk / reward at these levels is promising
We saw alts sell off significantly over the weekend as investors shifted their positions to btc ahead of the hard fork (still a couple weeks away) causing btc to rally significantly while alt ratios crashed. BAT suffered more than most due to the fact that they also disappointed with not releasing their Mercury update on Friday as expected and we're not testing...
Shorting BTC every time it bounces off of the 4610-4650 area with a stop loss just above 4700 to protect from a parabolic move higher. If sustained break past 4,700 would long with target around 4,850 and then 5,000. ~4,650 level is key given it was the start off the last major pull-back.
XZC has been trading in a range for a few months bouncing down from anywhere in the 320k to 400k SATs range down to 200k - 180k SATs where it usually rallies very strongly with huge orders coming in. This most recently rally saw by far the most volume XZC has seen since launch as major buyers layered in positions ahead of tech upgrades, the introduction of znodes...
IOC has taken a beating over the past week following them not winning the European Fintech awards as a lot of "dumb" money funneled in based on the hype. However, they have DIONS launch coming in the next 35-40 days which looks incredible (check out their twitter) and the true value of the European Fintech awards are connections they established which they can...
BAT is being driven predominately by news headlines right now as they prepare to launch their Mercury update. The recent sell-off was driven by BAT team announcing that they are only launching a preview on Github (actually works and talks to servers on the blockchain) while the CEO of Brave said it would be launched on 10/6. There are key support levels just below...
Meant to publish this last night but didn't know how to! Went long at $4,156 last night when btc bounced off key support level.
These are the key levels I am seeing for btc given where the air gaps both above / below current price and where price has bounced off of multiple times showing they are key mental support / resistance levels. I follow the KISS method...
