Hey guys, There is a break above resistance trend line and bulls should be in charge since prices are outside the bull flag. Buy stop above recent highs of $5.2 with targets at $7.2 should be ideal. Enjoy your trading day.
@AkxPro, Thanks, let me know what you think is the reason for this.
AkxPro
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@Kipyegonn, looks like it broke the descending triangle pattern...but also did this in October, just a guess still very green in this market. Fantastic job glad took your recommendation. ^_^ Thankyou!
Kipyegonn
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Thanks guys, always trying to keep such set up available. Btw notice how this single move up engulfed the previous eight WEEKLY candlesticks? any relationship with the coming BTC hard fork? capital flight maybe..what do you guys think. Remember, it is a similar trait in all other alt coins.
BrunoDanteSampaio
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@Kipyegonn, Capital flowing from BTC to Lisk and to all alt market. Lisk is also seen as a "future Ethereum competitor", has a great developer team and will release it's SDK any time in November - December. This coincides with the 5th Elliot Wave it is about to experience.. The SDK will only be the sparkle for that huge wave up movement.
Facts that align with the 5th wave and build up clues for a strong bullish confirmation:
- Huge recent capital recently entered in the crypto sphere (BTC as a point of entry);
- SDK about to be launched in Nov. - December;
- Recent Lisk Asia tour (Asia is the strongest market in cryto);
- Recently re-branding;
- Big players cashing out from huge BTC profit looking for cheap coins with great future potential (Lisk, Neo, Omisego, etc);
- Possible Lisk ledger integration in 2018? - That is still hypothetical but would sum up the facts for a huuuge run up...
- Possible announcement of Asian exchange
I expect a strong move up till December to ca. 10 - 20 USD.
Current strategy:
Wait for the 5th Wave exhaustion to exit the trade with ca. 200%+ profit and re-enter somewhere in January (December is cash out time for futures and stocks in general - will it coincide with Lisk 5th wave exhaustion and a possible wave c bottom?) I believe this is a good chance to capitalize a nice %.
What do you guys thing about it?
Regards from Amsterdam,
Bruno.
Kipyegonn
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@BrunoDanteSampaio, This is an awesome trade plan. Personally, I believe that fundamentals drive everything in the crypto world. I'm buying on every dip now plus the prices are good to load more.
BrunoDanteSampaio
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@Kipyegonn, what are your price predictions or believes for 2018?
CryptoFallen
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Awesome call you definitely got this call close to the tee
Kipyegonn
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@RichardTom, hope you were in the trade mate. Can you relate this to BTC-B2X hard fork?
CryptoFallen
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@Kipyegonn, I'm in but I'm a long holder of lisk as I believe in its product :)