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EOS/BTC: Will we see further downside?Hey guys! As you can see, EOS has been in a steady downtrend since the end of January. Our first wedge pattern consolidated the downtrend, dragging the price down by approx. -22%. The price seems to be catching its breath after the freefall, and we can see another wedge pattern taking form. In the event the price closes below the wedge's bottom trend-line, along with a spike in volume, we can expect to see another move to the downside, till it reaches our intra-day support level at 0.0007 BTC (black horizontal line). Additionally, the RSI is struggling to go past its mid-point value (RSI 50). First, let's see which direction the price breaks out from the wedge before we place a trade. If you guys ask, I'd be happy to update you on this later on. Cheers! Note: These are merely my predictions and observations. Please take my advice with a grain of salt, and always place your trades at your own discretion.
Short
by danielwjc
Bitcoin and Altcoins Insist on RangeThe Crypto Spread Indicator has reflected the breakout in Ethereum and has tipped the scales back to the Altcoins accordingly. However, the recent pullback across the board is reflected evenly and the spread has returned to parity. Both Bitcoin and the Altcoin index have retraced slightly, though we do see some technical strength in both, and breakouts can be expected in each. Bitcoin and many Altcoins are finding support at Fibonacci levels. Across the board, cryptos appear to be in Wave 2 of the next impulse of the 5-3 Elliott Wave, though if we cannot see a strong momentum push to mark entry into wave 3 to make new highs, we must regretfully accept that we are still in the corrective phase. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITSTAMP:BTCUSD
by quantguy
BTCUSD what's next? A summary of my opinoin Since the price reached the buy zone on $9222, it started giving us higher lows each time when hitting the black uptrend. Now, the price is facing the first downtrend in blue. If the price successfully breaks the downtrend, it might go for the next downtrend in orange and the target will be the price zone 14370, 50% fibo, - 15000. After that, we might go down to hit the red moving average, 200 EMA then we will be ready for new uptrend. The other scenario will be if the price breaks the black trend, it will probably go down to hit the 200 EMA (around 9222- 8000) and the 200 EMA will send the price up again. Currently, the indicators are still pointing down and in favour of downtrend. Which scenario I tend to follow? The first scenario. Should you buy now? If you did not buy when the price was in the BUY ZONE then the best thing to do now is to wait patiently until the market decide which way to go. Should you follow my opinion? Never do that without doing your own analysis but we are here to make money ;) Happy trading
BITSTAMP:BTCUSD
by rafalemban
$OMG Trading Idea & 2018 Price Projection for #OmiseGOFollowing-on from its successful launch and fantastic run-up in the Crypto markets in the second half of 2017, $OMG has been able to quickly establish itself as a kind of "non-controversial" token, which most Crypto Currency enthusiasts accept as one that has a very good chance of delivering on that coveted promise of "Real World Adoption". OmiseGO has many things going for it that most other projects don't, most notably are its association with the already established payments solutions company Omise in South East Asia, and the stellar list of individuals that are listed as advisors. As someone who follows the space very closely, it seems as though VItalik Buterin has been supporting and promoting $OMG almost as much as he has been promoting Ethereum. This perception is potentially due to the PR efforts of the OmiseGO team, but either way, I view their useful use of marketing as a huge plus for the projects chance to be successful as well as a good investment. Broadly speaking, it's my belief that in the coming years we will see the Digital Currency space fragment into different sectors/niches, utilities and regions. If this were to be the outcome and Crypto Currencies are indeed going to become "The Norm", it's very likely that a token like $OMG will come-out as a leader in the Asia-Pacific region. A region where #CryptoMania has exploded over the last 12 months. In the meantime, my price projection is based on the theory that $OMG will have the type of year that $LTC & $DASH had in 2017. In the context of the volatile and unpredictable Crypto markets, $OMG is perhaps one of the safest bets to have a solid bullish run throughout #AltSeason2018. For more information about OmiseGO: omisego.network For more information about Omise: www.omise.co
Long
by MasterOfCoinage
Digitbyte Continued CorrelationsThis is the continued correlations of digibyte with a custom accumulation script. It have (as stated earlier), just completed the first bullish wave and looks like for a long, has a potential outburst in value that can happen within the next few month to mid 2018. This is definitely one of those I consider medium risk, but still profitable, especially given a long term holding like what you seen before. I believe also the technology behind their UTXO blockchain is very promising in speed and potential.
Long
by gamer456148
Digibyte Long StrategyMany weeks ago, I invested some small money into Digibyte in what I think was going to be a second market dip. It looks like it just completed the first bullish wave and looks like for a long, has a potential outburst in value that can happen within the next few month to mid 2018. This is definitely one of those I consider medium risk, but still profitable, especially given a long term holding like what you seen before. I believe also the technology behind their UTXO blockchain is very promising in speed and potential.
Long
by gamer456148