I bought Cardano as a long term hold. My bias is long. I need to see price touch the level of confluence to take the trade and mitigate our risk. The pair is faithful to fib levels. Price made 3 step pattern - rise-consolidation-rise until the Bulls took profit at precisely the 1.618 extension fib of the first swing. ( see diagram). Price is now correcting. Mean...
I used bars to look for any clues to why price had stalled at this area. A longterm support line forming the bottom of the triangle has been respected, for now. We shall see what happens. With so many new traders exchanging to BTC the demand will become increasingly high. The only point to remember is the Futures are about to begin on BTC. Worth a shot for 50% of...
We have been in a channel for a while on the daily. This pair is known for it's volatility and has earned the nickname 'The Beast'. It's always been tricky to trade and you need a 30 pip stop loss and to be very accurate. Once resistance is breached and we have a candle close above the downtrend resistance line and a candle retests take the trade long and place...
Monero is looking bullish and I have a price target set, I have added to my initial position. There is a pattern emerging and I am looking for another leg up before scaling.
BTC has reached our level where the bulls will move in and start to take us higher. I have corrected the fib extensions to the new targets.
Ethereum has been a difficult pair to trade as it's been very Bullish during the past months. I've waited for a decent retracement wondering whether or not I should just jump in before I miss the boat. 8 years of trading has taught me some tough lessons. One of them is to be extremely patient and wait, even if it takes months for price to meet your plan- just...
The importance of waiting for price to meet your rules is depicted in my technical analysis of the 4hr chart of BTC/USD. Price has met the fib extension level of the previous move and the Bears took profit before Christmas. Traders are coming back from their holidays and will be making plans to trade BTC to hold for the year. 'As in January so does the year...
The SDK is a framework written in JavaScript to deploy your own blockchain network next to the main Lisk network. Decentralised applications can be built on top of your own blockchain.Possibilities are endless, like developing platform independent social networks, messengers, games and so on. All on your own blockchain network including corresponding token, fully...
Financial services companies can use NEM for instant payments and transfers anywhere in the world. One of NEM’s key advantages is its ability to seamlessly interface between public and private blockchains. This means you can transfer currency, tokens, or files from your internal company network, through the public blockchain, and into another company’s network. I...
The blockchain stores all the transactions in the Bitcoin network.Factom is essentially a trustless ledger technology that protects and decentralizes information with a strong focus on maintaining user anonymity. Governments, businesses and even schools can store different forms of data safely with no fear of alteration or loss through use of Factom. Interestingly...
Used to build applications on the blockchain an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. I think this coin is worth investing in. I have published a technical plan for a long term position. We have formed a fractal around the 50% Fib level of the overall move so it's a good place to buy...
It's time to buy Steem. Price action on the daily chart has changed the trend from Bearish to Bullish seen by the recent price pattern - Higher high and higher lows. The previous move swing price made a clean higher and high then retraced from a 382 and held the 50% and previous support/resistane before making another move higher. The price projection of this...
NEM is well priced and I am banking on this coin appreciating. Price may come back to the 50% retracement level before moving higher. I can't buy it here - no man's land. Price will need to break resistance and retest it or move lower and react. The profit potential is healthy.
Resistance has been broken and price has retested the role reversal. A simple trade. Price may retest lower before it moves higher.
Monero is a core holding of mine. I wish to add to my position for the long term. My BiAS is LONG. MCO is currently in no-man's land. I can not begin to tell you how many trades I've taken that were in this realm. All bad. There's nothing to do yet. I've set my alarm at 20.23. I will wait for price to break up on the daily and close the candle above the...
I am very bullish on this coin and I have build a good position on NEO. I am in very early on NEO$34.35 so I will wait and see what happens. Price has precisely reacted to the overlapping profit targets of the last move 200% & the corrective wave extension fib 3.618% (see middle fib). Profit take will occur. This pair retests areas of support and resistance -...
ETC/USD is way undervalued. We haven't seen price move on this cross for a while. Price surged high and then consolidated - this is the three step pattern that is common in most other charts. Rise- consoldation- rise. The long term resistance has been broken. Time to trade.Price has made a clear break after retesting the previous resistance now support (role...
One would imagine that the price of BTC would be increasing as many more traders join the party. It's very expensive and many will find BTC overpriced. My BIAS is still long. All things traded move in waves - step up then sideways then step up then we wait and see as we may end up all the way back down or continue on up. We managed to retrace then correct and...