Cryptocurrency Drama (Part 3)

Behold, the penultimate instalment in my first and only play! It’s brilliant so far, isn’t it?

In case you missed part’s 1 and 2, you’d better catch up here: (or else you will be totally lost!)

Enjoy!

See you tomorrow for the thrilling conclusion to this drama!

Scene 2

The is a knock on the door. The Director of Automated Networks opens it to reveal Bit Brain standing in the doorway.

DIRECTOR of AUTOMATED NETWORKS
Please, step inside and have a seat Mr Brain!

BB enters and shakes the extended hand of the DAN. They both take a seat.

DIRECTOR of AUTOMATED NETWORKS
Ernie tells me that you wish to discuss something with me?

BB
Thank you Mr Director. Yes, I would.

DAN
I’m guessing that this has to do with your insufficient CPU preventing you from carrying out transactions on our shopping network?

You do realise that this is just temporary right? A month from now the REX lending contracts will expire and things will probably return to normal. Probably. Until then we get to demonstrate how much traffic our network can handle from the EIDOS box; it’s a good thing. Also our franchise will soon upgrade to our optimised “Version 2.0”, that will make us even more efficient!

BB
Well, I suppose that the CPU issue inspired me to be here, but that’s not really why I asked to see you.

DAN
Then I am curious Mr Brain, why are you here?

BB
I am here because I’m concerned Mr Director. I’m concerned because your store is experiencing a rather severe issue, and all anybody says about it is that “it’s a good thing”. Mr Director, I am concerned because you and your supporters are in denial! I haven’t seen this much denial since that German guy said he was going to open a bar that specialises in selling carrot juice; I still can’t believe that so many of the Carrot Bar’s investors were in denial about that scam!

Mr Director, thousands of shoppers can’t shop here at the moment, and you just don’t seem to care because the richest ones still can!  Don’t you see how bad that looks?

DAN
Mr Brain, I think you’re blowing this out of proportion. Anyone who puts enough money into our CPU can still use the system, I don’t see the problem.

BB
I can appreciate that. Can you appreciate that many users can’t afford that? Do you have any idea what it’s like to be in there shoes? My memory is a little fuzzy on this point, remind me again just how much investment capital you attracted when you started up this business?

DAN
Yes, yes, we broke records when we started this business, but that’s not my money, that money belongs to the business.

BB
Yet the board of directors controls it. You get to say how and when it is used. You would never know what it is like to be stuck with only a single unit of credit on your CPU card, because that isn’t a reality that any of you have ever had to experience. But that is a reality that thousands of us customers experience right now, and Mr Director, we can not use your shopping network!

DAN
But can’t you see? The system is working as it should. That is what decentralisation is all about! He who puts the most into the scheme, gets the most benefit from the scheme.

BB
That’s fine, I think we can all accept that. But many of us were led to believe that we had already put sufficient money into the scheme, only to now be told that we will have to invest far more if we want to enjoy predictable, regular access to it! That’s not fair Mr Director! You need to address the problem of EIDOS denying resources to the majority of the network. You need to address the exploitation of your system!

DAN
We don’t see it that way. This is a good thing. There is no problem here.

BB
Damn it Mr Director! Can’t you see that I’m trying to help you guys? Can’t you see that having a whole lot of people who can’t access your network, despite having CPUs, is a big problem? Don’t you appreciate that people don’t want to wait a month to be able to make a transaction? Can’t you understand that nobody wants to create a start-up business as part of your franchise if their customers won’t be able to access their services?

Yesterday I ran into a new guy in town, he says he is the newly appointed District Apothecary. He wants to move into one of the abandoned buildings and start his own District Apothecary service – his DApp,
but he is afraid of the start-up costs. In the past I may have sent him here, to you guys, but now I would never do that to him. Instead I am going to suggest that he joins Ned from across the road and becomes part of his
franchise.

You see Mr Director, your mentality is becoming dangerously elitist, your store no longer cares about serving the man on the street, as long as it can serve a rich happy few, or those who are willing to exploit the system. That’s not right Mr Director, that’s not why we moved out here to the frontier! We are supposed to be moving away from systems like that, we are supposed to be creating fair systems for all! Sure the rich can enjoy benefits, but don’t shut the poor out of the network altogether!

DAN
That’s not our objective Mr Brain, we are neither anti-poor, nor pro-rich, we’re just decentralised.

BB
Don’t you worry about your franchisees? Don’t you worry that they will lose business after having placed their faith in you?

DAN
Our franchisees can create systems whereby they loan their own CPU to their customers, allowing them to continue to use our network of services.

BB
But surely some customers will exploit that to the detriment of others? That sounds like quite a complex undertaking for a start-up business to have to deal with; one which will require a potentially complex solution.

DAN
That’s true. But give it time.

BB
That could be more time and money than what people trying to create a DApp or something similar can afford…

Mr Director, as long as you can’t even admit that there is a problem, you can’t begin to address the problem. You know as well as I do that your franchise is hardly decentralised, the majority of resources and control sits right up at the top here with you! That’s fine, but then use it wisely! You need to address this issue! If you do not, then it will have repercussions for your business! Please just admit that there is a problem so that the problem can be tackled! The frontier is a new place, people accept that mistakes are being made, but in order to retain their confidence and respect you need to be honest with the people! Being realistic, open and honest attracts community support, that’s much better than sitting with disillusioned customers!

DAN
I’m sorry you see it that way Mr Brain. We see no issue. I tell you again, this is a good thing.

BB
Well I’m sorry too Mr Director. I tried to show you an impartial reality, but there are none so blind as those who will not see.

Exit Bit Brain

XEM technical analysis

XEM seen from the temporality of 1W we can observe as the structure of candles is within range zone, which I have delimited by the light blue rectangle, the price has correctly tested the zone of demand in 1W located in the 0.00000437 forming a double floor pattern as a signal of reversal of trend, so we could find in the short term an upward impulse towards our first target of gain located in the 0.00000675, which is our first key zone to take into account for the next movement, if this happens we could find resistance in that zone and correct by means of a test of the high range located in the 0.00000555 to later continue to rise by our second objective of gains located within the range of the price of the 0.00000675 – 0.00000882.

XEM seen from the temporality of 1D we can observe more closely the current movement of candles where we see how the offer was accepted in the 0.00000555 after the escape of the minor figure that we see in the graph above indicated by the two diagonals dark blue color, this has caused the price to retreat into the area of demand where the structure has formed this double floor that should be a strong signal for the bulls to go for an upward movement towards our target located at 0.00000675, for this to happen we need the price in 1D to hold HL and find a strong impulse to buy into the high range of the rectangle, otherwise, the price could be oscillating even longer within this zone.

In conclusion, XEM shows an excellent chart with high bullish probabilities that has not yet been exploited within the bullish price flight in the BTC pairs that we have seen in other currencies during these days, therefore, in the short term we could see the price of this currency have a strong momentum, the current conditions are conducive to it, we just need the volume to see this possible scenario, otherwise, the price could continue to accumulate longer, therefore, I recommend to be very attentive to the action of the price in 1D to choose the best buy position and always remember to place their stop loss to avoid possible invalidations during the movement.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

ONE technical analysis

ONE seen from the temporality of 1W we can observe how the price has realized a correct retest of the monthly support located in the 0.00511 where the price has found bullish impulse for the testing of the high range located in the 0.00610, we see how the price has formed within the smaller figure an upward triangle indicated in the chart above by the dark blue diagonal, if the price achieves the close above the weekly bid, the probabilities of a much larger bullish move are very high, our first profit target is located within the price range of 0.00814 – 0.00935, this target could be easily achievable once the price achieves the close above the resistance.

ONE seen from the temporality of 1D we can observe more closely the current movement of candles where we see a marked pattern of double floor as a signal of reversal of trend, as I mentioned in previous analysis, this is a pattern that many other USDT pairs are forming as a bullish signal of the last movement of BTC, in the chart above we can see the test that the price has made in the high range located at 0.00642, the price should find the necessary push for a continuation bullish within the zone of demand in 1D located within the price range of 0.00539 – 0.00580, indicated in the chart above by the light blue rectangle, for now we have a closing of the diagonal drop in 1D that we can observe through the diagonal dark blue, the price still does not make the test, so we must be very attentive in 4H.

In conclusion, ONE presents an excellent bullish movement after having found support at 0.00511, this has motivated the formation of a bullish pattern that should conclude with a continuation of the movement towards our first profit target located within the price range of 0.00814 – 0.00935, our second profit target is located within the price range of 0.01124 – 0.01212, for this to happen we need a weekly closing candle above 0.00610, therefore, I recommend to be very attentive to the price action in 1D to choose the best position and always remember to place your stop loss to avoid possible invalidations during the movement.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

Perspective on Altcoins

Today I would like to do a fun little exercise. Well, I think it’s fun because I’m a crypto lover. If you don’t like crypto, then you should probably stay well clear of my blog!

I spoke about the silliness of altcoin bashing last week, so I’m not going to delve into that again. Suffice to say: I believe in the cyclic nature of markets, and that altcoins will rise again. There ARE signs that that rise has started (meaning that altcoins have bottomed), but that has yet to be confirmed.

For today’s exercise I’m going to look at the following hypothetical situation:

Say I put $100 into the top 20 altcoins. What would they all be worth if they then got back to their All Time Highs?

I will be using the CoinGecko top 20. I know that most people prefer CMC, but I like the added functionality that CoinGecko offers. For example: with CoinGecko I can easily see how far each coin is from its All Time High (ATH).

From https://www.coingecko.com/en?view=all_time_high

Below is a table which I constructed to display those figures. Remember, in each case we are investing $100 at current prices, and then seeing what will happen if that coin gets back to its ATH.

1 BTC $214,59
2 ETH $800,00
3 XRP $1 162,79
4 BCH $1 315,79
5 USDT $132,28
6 LTC $613,50
7 EOS $694,44
8 BNB $194,17
9 BSV $199,20
10 XLM $1 265,82
11 ADA $2 857,14
12 TRX $1 219,51
13 XMR $862,07
14 LEO $200,80
15 OKB $168,07
16 LINK $168,92
17 HT $156,99
18 ATOM $206,19
19 NEO $1 785,71
20 IOTA $1 960,78

It’s true that one shouldn’t read too much into this: the playing field is not entirely level (for reasons such as some coins only being launched after the peak of the bull market). But what it does serve as is a semi-standardised benchmark indicator of potential ROI.

Yes, we all know that BTC is safer than altcoins, but I personally believe in chasing some higher potential ROI at the expense of a little more risk, and even a little bit of extreme ROI at the expense of massive risk. Note: being the top 20 coins, this table does not represent the “massive risk” section of the market – well….. that’s debatable, we’ll get back to that shortly.

Those are the numbers, the raw stats. Let’s now dig into them a little deeper:

At a mere $214.59 return on a $100 investment, BTC looks positively pedestrian when compared to the average – and it is. This is the entire point of investing in altcoins instead of in BTC, that and helping many small projects to become part of our everyday lives – thereby greatly enhancing them.

However, and this applies to all the coins, these returns are only to get back to ATH. They do not include further market growth beyond that point! Only the staunchest bears would believe that BTC has already reached its ultimate ATH. Another term for such people is “idiots who should be ignored”. As the ultimate crypto store of value, I believe that every portfolio should have BTC in it. I would consider 10-20% to be a good figure, though that is largely down to personal taste (and my own percentage is way outside that bracket at the moment!)

Moving lower down the table we see ETH returning $800. Wow, that’s really not a bad potential investment! Ethereum remains the biggest and most popular crypto platform by far, and it is really the only one with many high quality DApps already running on it. No, your 100 casino DApps on your favourite chain are not “high quality”. Even NEO – and you all know how much I love NEO – can boast only a small handful of good DApps at this stage. But Ethereum has hundreds of them, even if it is also packed full of trash coins which should, and probably will, die. The ETH team is also still very active and the platform continues to be developed, albeit that it misses target dates almost as badly as Cardano does! 😄 In summary, Ether is a fairly secure investment with possibly much higher returns than what BTC can offer.

You all know my feelings on Ripple. I mean XRP. I mean Ripple. Apparently XRP is Ripple when Ripple does good things such as forming major partnerships; but XRP is not Ripple when Ripple is criticised for e.g. being centralised or being a company full of ex-bankers. Oh how I hate Ripple and everything it stands for! BUT: like most dodgy investments, Ripple still has a LOT of support. I do not doubt that Ripple will once again see very good returns when the market runs. However, I could never condone investing in such centralised, anti-Satoshi rubbish – so if you want to hold Ripple, then you will be doing so without my support! The returns you may get on Ripple are better than those of ETH, but I would chose to put my money on ETH instead!

BCH and LTC remain viable alternatives to BTC, especially for smaller transactions. I believe that there is a strong future for such coins, a future in which BTC is the store of value, and such coins (you can add DASH, NANO etc to the mix) become the de facto mediums of exchange. It is interesting that BCH offers far higher returns than LTC when looking at their respective ATHs. I surmise that this may be because people once perceived BCH as possible legitimate competition for BTC, whereas LTC was only ever a coin that worked alongside BTC. The two coins are pretty even in my eyes.

Note Tether sitting between BCH and LTC, with a possible return of $132.28! I find that rather amusing! 😆

At $694.44 EOS is not looking as good as ETH. This should serve as a mild warning to EOS investors. I have long said that EOS is good, but over-hyped. I stand by that statement.

At $194.17, BNB is deceptive. As far as exchanges go, Binance is by far the most well known. Crucially, its ROI to ATH is less than that of BTC, which on its own should make the decision to buy BTC instead of BNB a simple one. But BNB is a special case, and I caution against writing it off. While my favourite exchange is KuCoin (and its KCS token), I can not ignore the fact that Binance is also launching programs, projects and platforms left, right and centre. It’s very popular and I have great faith in its CEO. CZ has a brilliant mind and a comprehensive understanding of blockchain technology, business principles, international affairs and also a general sense of what a powerful agent of positive change cryptocurrencies can become.

I assess that if any blockchain company can become the next “Amazon”, “Google” or “Microsoft”, then Binance has the best chance of being that company. It is even possible that as other cryptocurrencies grow, so Binance may one day pass even BTC in terms of market cap! Don’t laugh, just think about it…

BSV is a joke, as is Mr I-did-not-pay-now-I’m-back-in-court Faketoshi. It is sad that such people even exist, they are an ugly scar on the beautiful face of crypto. ‘Nuff said.

Of the top 10 coins, XLM offers the second best potential returns (after BCH) on its climb back to ATH. Personally I consider it a little over-valued, but I far prefer it to its greatly overvalued and far more dodgy cousin XRP.

With the best potential returns of the lot (an incredible $2857.14 for a $100 investment) ADA does look like a prime choice! However, I urge you to remember what I have often said: that US investors are too fixated on US crypto in general, and also that ADA is way behind where it should be: many promises, no deliveries. Other platform coins have since moved far past it, even if market cap has yet to catch up to that fact.

At $1219.51 for $100, TRX is looking strong! It’s not that high up that you would expect it to fall down the market cap ladder, the potential returns look good and Tron is a good product. True, like most of the platforms, it also lacks a large number of good DApps – but those will probably come with time. Justin Sun is a dynamic young entrepreneur with enviable levels of charisma, I think there is a high chance that he will lead Tron to success.

XMR has been quiet lately, which is not always a good sign. But I still see Riccardo Spagni on every episode of “Magical Crypto Friends” and he still seems enthusiastic. While they still have issues to iron out, Monero remains the biggest name in privacy coins, and that is NOT something to ignore! A potential return of $862,07 to ATH is only slightly better than that of ETH, but one could argue strongly in favour of privacy coins, based on the way that crypto regulations are going. With exchanges blocking ZCash (which I no longer endorse), it is clear that privacy coins are a threat to the financial centres of the world. If they do succeed, then XMR may well be the most successful of them all.

LEO has a relatively low potential return (very similar to that of BTC), easily explained because it is so new. However, it is the coin of BitFinex, and I have no love for that exchange. I’m still waiting for the whole dodgy BitFinex/Tether monster to come tumbling down. I’m happy to have closed my account there a long time ago, and I have no intention of having anything further to do with that exchange. I suggest avoiding it.

OKB is the coin of another big exchange, though honestly it isn’t one of my favourites and there are other exchange coins which I would much rather hold. There’s nothing inherently wrong with it though, and like LEO, its price is not reflective of it’s potential, because it was only launched after the demise of the 2017/18 bull run.

To an impartial outside observer, the LINK figure of $168.92 should be very troubling! I keep saying that LINK is way too hyped at the moment. It’s possibly the most over-hyped cryptocurrency of all (at the moment). LINK is not a new coin and it’s not even a special coin in any way. Investors should be very worried that it is hovering so close to its ATH figure. I like LINK, but I would NOT buy it now!

HT is almost identical to OKB for the purpose of this post. I wouldn’t put money there.

ATOM has low returns back up to ATH. But Cosmos has been around since 2014 so it… wait. What’s that you say? Cosmos is a new coin? Oh yes, you’re right. Cosmos is a 2019 coin which (to me) looks remarkably similar to Blocknet (BLOCK) – a coin which has been around since 2014. Why is that relevant? Because BLOCK has a market cap that is more than 130 times smaller than that of very similar Cosmos. What does that mean? It means that ATOM is all new coin hype. No thanks.

NEO’s looking solid with a potential return of $1785.71 for its $100. It’s well known how much I love NEO, and with the current blockchain developments in China (which I have been predicting since the China FUD in 2017), I love it more than ever.

IOTA is a dark (and largely forgotten) horse, sitting at the bottom of the list, but with a figure of $1960.78 per $100 should it make it back to ATH. That’s the second highest in the table, and should not be ignored. I know there have been some criticisms of it, but I honestly haven’t looked deep enough into IOTA lately to know if they are valid or not. As with everything in crypto – you should do your own research.

Conclusion

I believe that good altcoins (note: GOOD altcoins) stand to provide much better returns than Bitcoin will in the near future. Of course with the chance of greater returns comes greater risk. How much risk you are willing to expose yourself to will depend largely on your investing style and current financial situation – I recommend being safe rather than sorry. Having said that, the mere fact that somebody chooses to invest in crypto indicates that they probably have a pioneering spirit (it’s still early days for crypto) and personally I already see BTC as a minor “risk”. If BTC works, then it’s logical that altcoins should work too, thus I invest a decent amount of money in them. As of yesterday, 43.2% of my crypto portfolio is in Bitcoin, which is actually almost the highest percentage it has ever been, a consequence of me holding my alts through the bear market.

I continue to invest slowly and carefully, some in BTC, some in altcoins (though I also keep missing the dips!). In the long-term I believe that altcoin investors will be richly rewarded, and I will continue to invest accordingly. Remember that the table above only deals with the top 20, there are many more coins out there. I suggest that people do their best to make decisions based on facts as opposed to emotional attachment. Crypto is often a sentiment game, but sentiment can’t keep a coin going indefinitely.

Yours in crypto

Bit Brain

“The secret to success: find out where people are going and get there first” 

~ Mark Twain

“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful” 

~ Bit Brain

Bit Brain recommends:

Crypto Exchanges:




The Ultimate Inside Guide to Crypto Arbitrage

First of all I will explain what Crypto Arbitrage is. Crypto Arbitrage is making a high profit from a cryptocurrency and ow is this profit made, it is made from buying a cryptocurrency from one exchanger with a lower price and selling it on another cryptocurrency exchanger on a higher price. So in this situation you are making profit from both exchangers that is what we called Crypto Arbitrage.

There are some steps to check before proceeding on a Crypto Arbitrage.
To first start with it you have to first check the percentage difference on both of the exchanger thus is the on exchanger you are buying, you have to check the lowest bid and the exchanger you are selling you have to check the highest bid to make sure if when you buy the cryptocurrency and you sell it on exchanger 2 you will make a profit from it. Also you have to know that both exchanger allows you to make a withdraw and a deposit of that cryptocurrency you are buying and deposting and again check the fees on both exchangers to be sure if it is worth it to make this arbitration. There are alot of swings that is drops of the price on the crypto market so you have to know that the time frame you will make your deposit to sell it there wont be any swing on the market price so that you can make back a profit on the cryptocurrency.

In everything there are Advantages and Disadvantages
Some of the Advantages of Crypto Arbitrage is you can make instant profit from it, there is a high degree of getting more profits. The Disadvantage of Crypto Arbitrage is there is also a high risk of losing profit if the crypto market swings alot.

To my understand, I dont think Crypto Arbitrage is a way one can make money fast.

PPT technical analysis

PPT seen from the temporality of 1D we can see how the price has made a throwback to the resistance previously broken during the movement occurred in October 2019, the price has tested the area very well and the candle is showing a strong momentum of more than 20%, we can also see how the candle is so far above the support located at 0.00005310, indicated in the chart above by the horizontal black color, this is a key level of reclaim, if the price manages to close this way, it is very possible that we will see a next impulse towards our profit target located within the price range of 0.00007213 – 0.00007774, within that area the price could find strong resistance that makes the price fall.

PPT seen from the temporality of 4H, we can observe more closely the current movement of candles, where we see the momentum that has taken the price after testing the diagonal and enter the 1D demand zone, in this chart I just want to show the area of supply located at 0.00006561, indicated by the red horizontal color, this is an important supply level to take into account during the bullish movement, and is usually reversed once reached that level.

In conclusion, PPT shows a clean diagonal test so far, the current candle in 1D has found strong imposed, that if we manage to close above 0.00005310, it is very possible that we have a next bullish movement during the development of the current movement, however, if the price falls below the zone of demand located within the price range of 0.00004372 – 0.00004666, the price could go down in search of the bottom located at 0.00003438, with high probabilities of a greater reversal, therefore, I recommend to be very attentive to the action of the price in 1D and always remember to place your stop loss in all your operations to avoid possible invalidations during the movement.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

AE technical analysis

AE seen from the temporality of 1D we can observe how the structure is forming a rounded floor, an upward pattern that should drive the price if we manage to stay above the zone of demand located within the price range of 0.00002114 – 0.00002248, indicated on the graph by the light blue rectangle, our first target profit is located within the price range of 0.00002748 – 0.00003145, this is an offer level where it is very possible that the price finds strong resistance and we have a correction towards the support delimited with the curvature of the rounded floor, the possible trajectory that the price could follow I have drawn in the chart above.

AE seen from the temporality of 4H, we can observe more closely the current movement of candles, the minor figure has formed an ascending wedge where the price has been contracting during its development, in the chart I have placed a yellow circle that indicates the important area to take into account during the next candles within this temporality, the price has to close tightly above the resistance of the figure so that we can reach our first target, otherwise the price could lean towards the theoretical target of this pattern and go in search of the first zone of demand in 1D.

In conclusion, the price has remained forming a series of HH and HL from the point where it found the support located at 0.00001760, until now has granted a 40% profit, which is something we must have very present to ensure our next move, for now the most advisable would be to wait for the reaction of the price in the resistance of the lower figure and look for some reversal in case of not closing up with sufficient force, always remember to place their stop loss in all their operations to avoid possible invalidations during the movement.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

APPC technical analysis

APPC seen from the temporality of 1W we can see how the structure of candles has remained following an excellent curvature, which represents a good sign of a close reversal of trend, the current series of candles has maintained a bullish movement from the double floor formed on 2 September 2019, the movement is being strongly supported by the RSI indicator, which shows bullish divergence, signaled within the indicator by a dark blue diagonal, the price could continue to rise from the current position to reach our first target profit located within the price range of 0 to reach our first target located within the price range of 0.00000758 – 0.00000929, indicated in the graph by the light blue rectangle, however, we could also have a backward movement close to the demand zone located at 0.00000333, indicated in the graph by the lower horizontal dark blue color before continuing towards our profit targets, in the graph I have traced through the drawing tool, the possible trajectory that the price should follow during its movement (the drawing only expresses the movement and not the time period).

APPC seen from the temporality of 1D we can observe more closely the current movement of candles, we see how the price has formed us 2 important HL after the double floor created in the zone of demand, this is a very good bullish signal, it is quite possible that this is the reason why we are currently seeing the formation of a symmetrical triangle that we can see in the chart delimited by the 2 dark blue diagonals, the price should continue to move within this continuation pattern before the bullish break, the black arrow within the chart indicates the target that should reach the next impulse.

In conclusion, APPC has an excellent candlestick structure that should result in a next bullish move towards the price range of 0.00000758 – 0.00000929, currently the formation of the triangle should give rise to an HL close to the support of the figure, before looking for the break, the safest position would be after confirming the break of the pattern, in the 1W chart I have also placed the next gain target located at 0.00002194 and the third profit target located at 0.00003791 which should be long term objectives if the price maintains the trend, for the moment I recommend to be very attentive to the development of the price within the lower figure to look for the best position in the long run, always remember to place stop loss in all your operations to avoid the possible invalidations during the movement.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

QLC technical analysis

QLC seen from the temporality of 1W we can see how the price has started to fall once reached the resistance located at 0.00000235, the current candle has found demand in the support located at 0.00000190, indicated in the graph by the first horizontal red color, however, the price should fall to the next zone of demand located at 0.00000114, if the price is able to close the above mentioned resistance forcefully, the price could have a larger bullish momentum that should reach our first target located within the price range of 0.00000374 – 0.00000461.

QLC seen from the temporality of 1D we can observe more closely the current movement of candles, we see that the price has formed two HL after the double floor formed on the diagonal support indicated on the chart by the diagonal dark blue, this is a good bullish signal, however, as long as the price does not manage to overcome the resistance located at 0.00000235 indicated in the chart above by the horizontal black color, the price should continue to fall towards the support diagonally forming a reversal pattern of SHS that would strengthen the strength of the bears inclining the price to the area of demand located at 0.00000114, even to the lower diagonal support that I have indicated in the chart above by a yellow circle, in the chart I have also drawn the possible trajectory that could still follow the price before breaking the resistance of this accumulation range.

In conclusion, QLC is in a moment of high uncertainty, because the follow up of the bullish momentum is respecting the 0.00000190 and this suggests that there could be a continuation bullish, however, the price must also make a next touch diagonally and this approach would increase the odds of a larger reversal, therefore, I recommend to follow closely the action of the price in 1D and always place stop loss in your trades to avoid possible invalidations during the move.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

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VIA technical analysis

VIA seen from the temporality of 1W we can see how the current candle structure is forming a rounded floor which is likely to push the price towards a much larger bullish movement, the penultimate candle managed to close above the consolidation, followed by a doji candle, the current candle is bullish, however, with little volume, the pressure of sale is maintained, we can observe it in the superior wick that has formed until the moment, the indicator RSI has formed us a double floor with bullish inclination, this shows us a bullish divergence that is easily visible in the graph of above, the weekly demand is located in the 0.00002050.

VIA seen from the temporality of 1D we can observe more closely the current movement of candles, we see how the structure is forming a rounded floor, in the RSI indicator I have pointed with an oval the area where the average in relation to the period of time between December 2018 and March 2019 made a movement similar to the one that the RSI indicator is making again in relation to the current period, If the situation repeats itself we could have a major upward movement like the one that happened previously and that I have indicated by means of a yellow circle in the RSI indicator, our first gain objective is located at 0. 00007567, if we have a strong volume input, this target can be easily reached, the second gain target is located at 0.00017044.

In conclusion, VIA maintains an excellent bullish pattern after consolidating in the weekly support located at 0.00002050, if the price maintains the bullish curvature, the probabilities of reaching the first profit target are very high, otherwise, the price could fall to the weekly demand, even fall towards the second zone of demand located at 0.00001062, I recommend to be very attentive to the action of the price in 1D and never forget to place stop loss in all your operations to avoid possible invalidations during the movement.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia