Since late April near the time Poloniex announced the delisting of 17 altcoins, Dogecoin has seen a much larger than normal daily volume, creating an ascending triangle. This pattern should reach its breakout point in the next 24-48 hours, but it hard to tell which direction it will break. Spikes in volume have coincided with some profit taking, but Dogecoin has...
this EMC2 regression trend has been going for the last 7 days, and in the past 24 hours has been trying to breakout, which should happen in early May 2017. This coincides with with the EMC2 roadmap where the developers are planning to release their web and android wallets. If this release goes well, expect EMC2 to break sharply upwards.
OK fellow traders, please give your input on this. Siacoin is a cheap altcoin that looks poised for some nice returns shortly. Since the beginning of April the trend lines are upward and expanding, and has been trading nicely within upper Fibonacci bands. If that trend holds (gray box) we could be looking at 20%+ returns in 7-10 days. Thoughts?
BCN has been pumped twice in 3 weeks after months of quiet. Its easy to store value in super cheap Altcoins, the recent surge in Bitcoin price roughly corresponds to these pumps leading me to think big money players grabbing quick gains and then reinvesting back into Bitcoin.