jaronfitz

jaronfitz

It's sitting at the very bottom of the triangle right now. I'm long with a very tight stop. If it breaks below I'll look at taking the other side of the trade.

jaronfitz

There are only a few truly unique cryptocurrencies right now. For best or for worst, NANO is one of them. ALL PoS AND PoW systems (except nano's) rely on incentivizing owners of the coins network to run nodes that validate the transactions made by others on the network. There are problems with both. The unanimously agreed upon idea is that there HAS to be a...

jaronfitz

I have a theory but I want to hear yours. Best answer gets a prize in XMR. (if that's okay? i didn't read rules)

jaronfitz

I sold my BNB hoping to buy back cheaper if this H/S plays out. TA may not be the best bet for an asset like BNB that's essentially a coupon to use the exchange but I suspect others that notice the completion of this may bring the price down a bit.

jaronfitz Updated 

Watching the current triangle closely. If XRP breaks the downside of this I'm looking for 3800sats. Buy volume weakening and sell volume increasing as we near the end of the decent altcoin week. Don't get me started on the fundamentals ;)

jaronfitz Updated 

Breakout to the upside on a short timeframe. Watch for a bounce off the longer term triangle. If it breaks downside like XRP I'm going short.

jaronfitz Updated 

I suspect the last bounce was off very weak support and am watching for a retest. If the recently tested support is broken to the downside there's a nice short opportunity for a short down to the next support line. It's a pretty big move down. You can also pro actively short at the top of the triangle with a fairly tight stop. I'll personally be watching for...

jaronfitz

UBNT is a direct competitor to CSCO. Both companies manufacture networking equipment. CSCO has long been the leader in this industry but UBNT is rising fast as the new kid on the block. Prices don't even compare and functionality is dead even. CSCO has proprietary software that requires very expensive contracts for additional features, all of which come standard...

jaronfitz Updated 

Not much under that support level. If 4hr confirms below I'm shorting.

jaronfitz

Risky. Watch closely. It broke the wedge to the downside but bulls are fighting hard. Huge wall at 466sats on bitmex. If it fails this wedge there's potentially plenty of profit to be made.

jaronfitz

I'm sidelining my short looking for a possible bounce here. The orderbooks on polo and binance show someone pushing this down hard. If this doesn't hold I'll re-enter.

jaronfitz Updated 

Not my original idea. Sorry. XRP is trash. It's also a security. There's little to no chance it won't be declared a security. I'm no expert on the repercussions of this but it is not a decentralized cryptocurrency and has no business being in the top 3 spot in terms of market cap. Looking to enter on failed bounce off the posted triangle with lower volume. Will...

jaronfitz Updated 

The technicals for this trade are pretty evident and self explanatory. My biggest precaution is that the project itself leaves much to be desired. There are a few other trades posted that have much higher targets than mine. They're probably right. I'm just looking to safely make a little and get out of this one.

jaronfitz Updated 

This chart is certainly bullish right? BTC is ready to serve as an alternative currency to the entire world right now. How big is the worlds financial bubble that is entirely based on debt? Which government will impose ridiculous laws that force people into BTC next? Where is a better solution for transferring large amounts of money across the world? How...

jaronfitz Updated 

Let me be clear. Monero is the ONLY cryptocurrency that provides fungibility AND the total supply can be audited. It's the swiss bank account 2.0. I predict it will NEVER break its lower support line against BTC. This chart doesn't quite go back far enough or it would look even better. I'm not going to get all fancy with the charting here but there's a solid...

jaronfitz Updated 

Bearish triangle forming. If you read the September "NEO Smart Economy" update, it mentions a week long holiday called the "Golden Week" where the team will be less active. Following the week they claim there will be a "big event". In my recent experiences a week is a long time in crypto and highly speculative coins like NEO 0.40% will see 10% drops at some point...

jaronfitz Updated 

Disclaimer: I'm a bull on NEO. I also personally don't think charting has a ton of use inside the cryptocurrency world. NEO's looks like its going to enter another bull run. I'd actually be concerned if it followed its prior trend so exactly and then switched patterns when it comes time for an increase.

jaronfitz Updated 

Judging by the trend lines BTS is making an identical move in a bad direction. Many other alts have found support around the midway point between the bull rush in June and now. If you bought in high and can keep your money stuck in it for months I'd hold. Buy after one or two more of these patterns.