From a pure technical perspective NSE looks weak.
> Potential H&S forming
> Range bound price moving along EMA 12 and 26
> Stochastic, RSI and MACD are moving toward bear category
> Weekly support at 10,600 followed the MA100 support at 10450
Fundamentally, there is uncertainty in the market due to Elections in May. Below 10K it will enter the bear category
BCHUSD looks perfectly setup at this point.
Looking to buy in the 300-400$ range
> Falling Wedge
> RSI and Stochastic favorable
> Price near all time lows
This is really for the medium to long term and not day-trading
Multiple possibilities on Bitcoin to watch out for. There's bearish sentiment on RSI and MACD plus fundamentally, the market sentiment is low.
Price action is very interesting there's a clear support line extending almost a year back and a resistance extending from December.
Monero is one of the strongest names in privacy out there, its an old coin with solid fundamentals and development team. Its also one of the most diverse and open-source projects out there - the developer team is far from being being centralized and has an open community.
In terms of TA Monero has been in a consolidation phase for months now and is now forming...
Using this idea to cover the progress on ETC as it builds up to the first week of March (Callisto airdrop)
One thing to note here is ETC, unlike some other tokens offering airdrops is strong fundamentally and the price setup in the past few months has been fantastic the airdrop only makes things more favorable for investors.
As of now we have an inverted head...
Bitcoin Cash has shown phenomenal growth since the fork. Fundamentally, its very similar to bitcoin and offers faster transaction speeds and bigger block sizes but in my opinion its place as a store of value is questionable. Price action has been very strong on BCH but volumes have only been decreasing over time. Its consolidating into a symmetric triangle ( or...
Bitcoin is the most volatile asset class and it is only natural to see major pullbacks. The recent down move from 20K -> 6K is the longest one since 2015, for the overall parabloic trend to continue this correction should be steeper and shorter than the correction in 2014/15. Fundamentally, the pullback is partly fueled by governments in order to regulate crypto....
The idea is purely for educational purposes and SHOULD NOT be considered as trading advice.
Based on my understanding of the market cycles I have tried to summarize how the money flows into the crypto market using Bitcoin USD and Large Cap Index/ BTC price as reference.
The large cap index consists of XRP, ETH, LTC, ETC, NEM, XMR - basically large caps which...
Stratis had a lot of developments in Q3/Q4 of 2017 but was mostly over-shadowed by bitcoin (futures trading, forks etc.)
But now with attention gradually shifting toward alt coins stratis looks like one of the solid coins out there. Its provides Smart contracts, identity protocol, written in C# and compatible with microsoft azure.
It is also backed by microsoft...
Finally after a continued long term down-trend 1st is showing some consolidation and upward momentum. There is a cup and handle forming on the 1d chart. Waiting for the handle to form clearly. Enter at the break of the neckline
Watch out for the cup and handle breakout on Zcash. The altmarket is in a medium term bull cycle with the total altcoin market cap at 130Bn and growing. Refer to image below.
C&H is Pretty clear on the 4h timeframe
A safe target can be 360-370,400-420 or 450+
> Cup and handle forming on the 4h/1d charts
> First blood broke out of its descending triangle formation recently and has looked pretty solid since then
> During the China BTC FUD though it lost value it recovered quickly
> Trading Volumes have been very healthy
> their website mentions they are going to release a new game pretty...