Rest of crypto bleeding out and OXT, which has remained stuck on $0.30 for some time, is slightly up in fierce trading. While volume is low, it happens fast and is sharp when it happens. This is going to be a rocket at some point, even if it drops lower there is massive buying setup.
Bitcoin has been moving in a downward channel since the end of June (green). More recently the coin has been confined below an "inner" line demarcated by the (yellow) line; it has only pierced this line in an upward motion once since September and was roundly rejected by the upper green resistance. Today it broke above it and so far seems to be using the yellow...
XLMBTC has traded in a descending triangle, which it just breached in an upward direction.
If you haven't noticed XTZ yet, well you should look at it and do some research. It's been unstoppable and just slapped the 50MA like a step-child and looks to be on the way back up to mars. *popcorn*
Roughly 5/20/2016. Also it just happened this morning.
Expecting XLM to gain on BTC in the short term.
Personally my most profitable coin this year has definitely been XLM, its my new favorite and it has bounced off the bottom of its ascending channel. When this coin moves up its ferocious!
BTC has reached the bottom of the channel its been in for some time, and looks poised to blast upward....perhaps finally breaking out.
BAT has been a real surprise lately, but if you know about BAT and Brave the long term fundamentals are great for this coin. With this wicked downturn I expect a strong upward response.
With the big Swell conference, the recent sharp dips and recoveries I expect XRP to move up.
Like many alt-coins 0x has had the seven bells beat out of it and is ready to pounce with very little influence from Bitcoin.
Pretty impressive buying on the XTZ/BTC pair.
Quite a few people are calling for another drop in Bitcoin, but I'm not convinced looking at the 400 EMA on 1D. The last time this line was last pierced from high above like this was on Feb 6, 2018. Bitcoin is waiting in the weeds for everyone to turn their nose up at it, and it will strike upwards once everyone has given up on it. Many shorts will be rekt,...
When the top of the BTC volcano finally blows off, BCH price will drill a hole in the moon and land on Mars.
After taking a pounding for months and months, XLM/BTC blew up over 50%. XLM/BTC has taken back territory after each recent drop from BTC, and has recovered on the USD side very quickly after the drops. If you hate XRP like I do, then XLM comes into view and its always been a profitable coin when I've traded it. XLM is a sleeping giant.
After the recent downturn the XTZ/BTC pair has been very strong, and at this time XTZ/USD is now very cheap; it should go up and I've placed my longs. Not advice, just my opinion and action.