Zcash entering its 5th year since the genesis block and coming closer to its first halving around 18th November which will reduce inflation from 33% to 12.5% in this year.
The contolled supply for zec is like this:
1. Year | Total Zec: 2.65m | Mined Zec: 2.625m | Inflation: infinite | Stock to flow n.d.
2. Year | Total Zec: 5.25m | Mined Zec: 2.625m | Inflation:...
stellar broke out on huge volume and is now retesting the breakout level on declining volume
the rsi breakout at 47 was already tested twice before, this should give xlmbtc a target of around 2700 satoshi
the selloff in this uranium stock looks like a wyckoff spring accumulation pattern.
the daily chart showing a high tight flag pattern on breakout which often leads to a longer trend.
it seems like nuclear power will play a role in the change to green energy
While it seems like xtz is bullish since long time, it actually just recently left the red downtrend channel and retested it twice.
The last two weekly bodies have a large range and showing a strong reaction.
blockstack is very close to breakout and enter its first bull market ahead of stacks 2.0 launch
multiple targets are possible, aiming 3400 sat as first target.
ico prices marked in this chart show that the presale ico price of 0.12$ was support, public ico buyers are bagholding at 0.30$
Xilinx is developing a hidden bullish divergence on the quarterly timeframe similar like it did in 1998 before surging over 1000%
The ma20 has established as verified support and got retested.
At the same time there is a inv h+s pattern on lower timeframe.
I have pointed out fundamentals on the linked previous idea. Since...
Tezos remains in his uptrend since early 2019. It is one of the strongest altcoins since long time climbing up the ladder in market cap rankings. So it's good to focus on that coin.
Its likely to retest its all time high during this next leg.
In Oktober 2013 FBI shut down silkroad which made the crypto market dump on massive volume in a black swan like event. Just to climb up quickly on disbelief and fully retrace the dump to finally rally 1000%.
The covid dump looks similar but on a higher timeframe and on much larger scale given that bitcoin is way larger and mature today than back then.
Just a wild guess, I think bitcoin could need some consolidation soonTM but the upcoming halving should bring way higher prices over the next months.
Need to monitor and adjust as the events unfold
Bitcoin is forming a hidden bullish divergence on the rsi.
It is likely to resume the uptrend from here.
Can read the divergence as: Selling got absorbed without moving the price to a new low, means that bulls took control over the price.
Momentum in stocks is increasing. I expect that there will be a sharp rally where people will get excited and lose their scepticism and then go into a correction.
If spx reaches 3500 in a sharp rally, I think its very vulnerable to a correction, so i think it will be good to protect gains there.
trx showing signs of a reversal after a double bottom and some kind of inverse head and shoulders pattern. also schowing a bull div on the low with a failed hidden bear div after. It seems ready to trend up for a while.