Kyber Network (KNC), a decentralized exchange protocol, surged over 50% on Saturday to $0.40, a price last seen in November. The breakout comes on the back of more than a month of gains following the release of the project’s 2019 roadmap at the end of January.
The alpha release of OmiseGO’s (OMG) Plasma MoreVP (More Viable Plasma), a second-layer scaling solution, has officially launched on the public Ethereum (ETH) network, sending the altcoin up over 8% Saturday.
TECHNICAL In that kind of scenario, you should understand that power of moves depends on how many investors are looking in the same way. The triangle represents well that vision. Monthly investors don't have any signals to feel that is the time to enter. We still are in the huge correction we began few months ago. So if monthly investors are not buyers, they...
ETHUSD logarithmic scale.
In this short video, I explain how to read a chart and anticipate the next move. For that, you need to understand that my charts are giving levels where cycles are mature and where it can turn (does not mean that it will turn as I am not doing the market - unfortunately but even then that would not be fun ;-)). So, here I do not propose a trade setup or even a...
The idea is purely for educational purposes and SHOULD NOT be considered as trading advice. Based on my understanding of the market cycles I have tried to summarize how the money flows into the crypto market using Bitcoin USD and Large Cap Index/ BTC price as reference. The large cap index consists of XRP, ETH, LTC, ETC, NEM, XMR - basically large caps which...
As you can see this is a 4hr chart with a Moving Average strategy custom script. I find that altcoins tend to have rather long and drawn out market cycles so I decided to customize this script to trade off the 4hr chart. One key element that makes the backtesting turn out heavily in my favor is the trailing stop setting that is very unique to this particular...