This project is hated due to one of the founders dumping their bags on the market. Lately, however, there has been some strong accumulation and I suspect a new market cycle is underway. They've apparently finished their roadmap and are seeking out partners. Not sure how high this could go, but 10x is not out of the question, especially with a low starting market...
USD/CAD is overbought and hitting resistance
EUR/USD was overbought and has already reversed trend
My intention is to get the best of both and take advantage of this very overbought market. This is my first forex trade, so I'm not sure how this will turn out.
Stellar has been a stellar ride, but sadly all good things must come to an end. Following the previously define fractal I watch for a breakdown and target the red boxes for covering. If it plays out all the way through perhaps there will be a new cycle in 2019.
Watching for a potential repeat market cycle pump on this well regarded anon coin. Indicators are eerily similar to last May and the price is bouncing perfectly off of the 100 SMA. Targets were chosen based on previous support/resistance levels and Fib extensions.
$ADA is showing signs of the beginning of an elliot wave megapump. Target 5k. Using correlation to last $XRP's big pump from last year.
4h RSI and 1h MACD seem to be very convinced that this run is not over yet. This pump will likely be much faster paced that $XRP last year, as Cardano seems to have a little less than 2x as volatile of a market cycle. Should be...
It is generally very dangerous to short during a bull run, but in this case I think there are significant reasons to expect a pullback as I have shown on the chart. Based on past performance, I would expect it to drop into the lower target from $4500 - $4700. Alternatives to shorting Bitcoin would be to buy altcoins that have proven to perform particularly well...
Bitshares is sharing a very similar fractal to Bitcoin from 2014-2015. I think it is possible that we see a major bull for this next altcoin season. This could happen in many alts, but I'm seeing promise in BTS and XLM.
The fractal I'm referring to: