MarkCanna

MarkCanna Sep 11, 2020

So long as the money printing continues ( QE infinity) the price of gold and underlying assets will continue their march into the next great bull market. Strap in, get some of your portfolio involved in some great juniors. TSX:WM - Control the majority of the Detour-Fenelon trend. Will be the next great gold camp in Canada. Eric Sprott major investor. ...

MarkCanna Updated  Dec 30, 2017

Completed market cycle. This thing is done. Time to take profit. Nothing more to say. It's been one hell of a run.

MarkCanna Dec 29, 2017

Very distinct Elliott wave completed. Time to short. Too far, too fast. I'd expect it to consolidate below 5000 sat.

MarkCanna Updated  Sep 8, 2017

This trend is fairly distinct. Bottom trendline appears very supportive. Be careful if it retests, and exit longs if it breaks through with conviction. Also could be the final leg of an Elliott Wave occurring. Bottom line: World is still waking up to crypto, and less than 1% has any exposure. I am in the camp that sees BTC at $50k in 2020, or even higher...

MarkCanna Updated  Sep 5, 2017

Looks like a great entry on the right shoulder of an inverse head and shoulders pattern...which as we know is very bullish. Look for a significant breakout through the neckline, with a possible retracement back, followed by further upwards movement. Factom continues to be one of the gems of the crypto world with regards to fundamentals; they've got a bright...

MarkCanna Updated  Sep 1, 2017

We've had to wait a while for this to develop (in crypto terms), but here we have an obvious bull pennant. I'd expect a move in the next day or two, as we have converged. There are some major buy walls on the order book as well. Might as well grab a piece of the action.

MarkCanna Aug 30, 2017

T/A: Two mini market cycles with identical fibonacci retracements, and a bullish channel. What more do you want for an entry? Fundamentals: Just about every other privacy coin has had a pump recently. Why not ZEC? The only thing that could potentially derail this in the short term is if Bitcoin decides to have another major run. If it drops much below .0570 I'd...

MarkCanna Updated  Aug 16, 2017

I'm seeing the final leg of an Elliott impulse wave setting up, also a very clear bullish pennant. Isn't any more complicated than that. Expect a move in the next few hours. Also, Lots of chatter about OMG out there. I'm shifting gears a bit. Forget the "smart" coins for now, and go where the action is. BITTREX:OMGBTC

MarkCanna Updated  Aug 9, 2017

Wow Bitcoin. Well done. But all good things must take a rest. This is the perfect opportunity for a pullback to the target zone, which represents an 80-90% fib retracement off the current cycle. $3000-3050 seems likely....then look for long opportunity once again. Also notice short term head and shoulders, supporting a turn down. Also, expect a quality...

MarkCanna Updated  Aug 4, 2017

We have pulled back 90% on the fib retrace from the BTH spike, and flood into alts. FCTBTC is susceptible to major swings, as there is significant margin exposure on Poloniex. This dump is excessive as alts are generally strong, and the fundamentals of Factom are some of the best in crypto. Seeing .00635-.00645 as a solid entry band.

MarkCanna Updated  Jul 25, 2017

Factom, one of the coins I follow very closely, trading in a predictable bull channel. I've had this "red zone" entry drawn for a few hours now, and here we are. Looking to add here, at .00770-.00785. Exit area should be fairly obvious. We have had a solid 79% fib retracement on the current mini-cycle, which is also bullish. Factom is one of the gems of the...

MarkCanna Jul 24, 2017

Following the major FUD driven manipulation/events of the past couple months, normalcy has returned. Crypto in general is in a bull market, that general viewpoint for me is unchanged despite the events. Here we have a major bull pennant almost completely formed. I would expect a breakout to upside in the next day or so. BITFINEX:ETHUSD

MarkCanna Updated  Jul 21, 2017

Needs to pull back after massive cycle. Look to enter quality alts in meantime. Sell news for now, great long term however.

MarkCanna Jul 15, 2017

That was a significant correction in crypto. It took me by surprise, I underestimated the amount of FUD in the marketplace. But we live to fight another day, and we buy when there's despair. FCTBTC - longer term downtrend appears to have broken. Triangles are converging, and we have a short-term wedge. All buy signals for me, and I see a breakout in the next...

MarkCanna Updated  Jun 26, 2017

We've reached long term support. Also, there are 3 market cycles that have completed at consistent intervals over the same time frame, I would expect this trend to continue. Each cycle is becoming less impressive from a % basis, but as the market cap increases this is no surprise. The retracements on each cycle have been nearly identical, also supporting an entry here.

MarkCanna Updated  Jun 24, 2017

This one has my attention. T/A - Trend lines everywhere, and they all point one way: up. Fundamentals - Here's the white paper. I'm no cryptologist, but I like what I see: github.com Also...the market cap is $12 million (!) That my friends, is dirt cheap. So, I'm thinking home run here. Someone mentioned that their V2 upgrade would put them on an even...

MarkCanna Updated  Jun 22, 2017

I'm posting this as a long....but I believe you will have to wait for the next big move. That was an intense cycle that happened today, and it will need to relax for a bit. I could see a bull trap in the near future but the likelihood of a major move up anytime soon is limited. Trade this channel if you're skilled, or just wait until we make it back to the...

MarkCanna Updated  Jun 22, 2017

Flash crash in ETH took me by surprise, as most alts took a beatdown. Seeing support on the 1 month chart. Sometimes it's as simple as a yellow line :) Fundamentals of FCT are powerful, and I'm adding more here. I believe it's oversold. FCTBTC