As this is my first chart i want to map the correlation between FCT and XMR's hype with the chinese BTC spot market at OKCoin.
As you can see the DNM market announcements gave XMR a very huge boom, the retracement isn't done yet - regardless to BTCs price we will have a decrease, with some smaller spikes.
In the same time FCT made nearly similar moves, in the beginning more aggressive but then we saw full retracements - especially in the timeframe from June-July related to BTCs moves - but always a bit later on.
As we are now in BTC sideways (19.9.2016) and probably have another correction till mid or end October, I assume FCT to achieve it's ATH from March 2016 again.
When will it happen? As XMRs correction passes FCTs uptrend - around the 500-600% scale we will have a very good opportunity to get to ATH.
FCTs forecast? Depends mainly on BTCs trend. It could form a cup and handle formation, but yet it's too early to say and pure speculation. Will update the chart at least every month.
Put the fun back into banking!
Yours coinwide
As you can see the DNM market announcements gave XMR a very huge boom, the retracement isn't done yet - regardless to BTCs price we will have a decrease, with some smaller spikes.
In the same time FCT made nearly similar moves, in the beginning more aggressive but then we saw full retracements - especially in the timeframe from June-July related to BTCs moves - but always a bit later on.
As we are now in BTC sideways (19.9.2016) and probably have another correction till mid or end October, I assume FCT to achieve it's ATH from March 2016 again.
When will it happen? As XMRs correction passes FCTs uptrend - around the 500-600% scale we will have a very good opportunity to get to ATH.
FCTs forecast? Depends mainly on BTCs trend. It could form a cup and handle formation, but yet it's too early to say and pure speculation. Will update the chart at least every month.
Put the fun back into banking!
Yours coinwide
Comment:
Chart data from Poloniex.com
Comment:
FCT - are the candlestick patterns
XMR - red line
BTC/CNY - orange line
XMR - red line
BTC/CNY - orange line
Comment:
I forgot to mention FCTs boom - it was the announcement that chinese firm Aucun will use Factom for it's notarization processes:
shop.factom.com/ancu...n-services-in-china/
shop.factom.com/ancu...n-services-in-china/
Comment:
edit: XMR and FCT crossing scale in the 600-700%
Comment:
more Bulls got in after 488 dump and we saw a Bollinger Bands breakout to the 550er
timeframe till at least mid-October will be very fine :)
timeframe till at least mid-October will be very fine :)
Comment:
this week we saw some heavy dumps but nevertheless I am long FCT;
if my chart assumption of an inverse FCT/XMR is right, we will see a good run up;
FCTs inverse reaction is, as observed a bit slow, expecting next days a high to 525-535
if my chart assumption of an inverse FCT/XMR is right, we will see a good run up;
FCTs inverse reaction is, as observed a bit slow, expecting next days a high to 525-535
Comment:
correction - will get to 528-550 area
Comment:
This was the final dump - BTC got up a bit within the channel (619-578 USD is mine);
next step is a slow decrease to 600 level (likely with some small runups), a bit of sideways and then a quick BTC dump
My FCT Targets are:
1. 660
2. 750
3. ??? could outperform to 0.01 - 0.012 :)
next step is a slow decrease to 600 level (likely with some small runups), a bit of sideways and then a quick BTC dump
My FCT Targets are:
1. 660
2. 750
3. ??? could outperform to 0.01 - 0.012 :)
Trade closed: stop reached:
omg, sorry wasn't online for a while and forgot to close
was a bad trading chart - stop loss reached
was a bad trading chart - stop loss reached
FCTs absolute ATH was 0.00869200 --- but effective ATH was at 0.00839600