This is the first full length play I’ve ever written. Fair warning, it’s long – it took most of the day for me to write it. I will split it into four posts of one scene each. For those who wish to wait, I will publish the play in it’s entirety after I have released all of the separate scenes.
Ladies and gentlemen, please take your seats, switch your phones to silent and stow your noisy children. Now sit back as we raise the curtain on tonight’s performance of “Cryptocurrency Drama”!
DRAMATIS PERSONAE
ERNIE, an opportunistic salesman
BIT BRAIN, a customer
THE DIRECTOR OF AUTOMATED NETWORKS, a director of a large franchise
NED, a director of a small franchise
ACT 1 – The Past
Scene 1
Bit Brain enters a large store on the main road of a frontier Western Town established by pioneers. There he is greeted by an opportunistic salesman named Ernie.
ERNIE the OPPORTUNISTIC SALESMAN Welcome sir! And a very good day to you!
BIT BRAIN Thank you kind fellow, and a very good day to you too!
ERNIE the OPPORTUNISTIC SALESMAN Is there anything that I can assist you with?
BIT BRAIN Perhaps a little later. I’ve heard a lot of good things about this store, it seems to be very popular. I wanted to see for myself what all the hype was about.
ERNIE the OPPORTUNISTIC SALESMAN No problem, just let me know if you need me.
BB wonders around the store and surveys the merchandise
BIT BRAIN Ernie! Would you mind if I asked you a few questions?
ERNIE the OPPORTUNISTIC SALESMAN No problem sir! Ask away!
BIT BRAIN I see a lot of new businesses have opened up around here recently. What’s happening?
ERNIE the OPPORTUNISTIC SALESMAN Oh yes sir! You see, this is a frontier town. We have fled the mismanaged areas of the central government and have moved to this free and previously unsettled area. We didn’t feel safe living and working in the big towns anymore. I used to work in a bank in a large town, do you know what the building was made of?
BIT BRAIN No, do tell.
ERNIE the OPPORTUNISTIC SALESMAN It was made of cards! It has become common practice for them to construct financial institutions out of playing cards! I would never have believed it if I had not seen it with my own two eyes, I know that many others do not believe it when I tell them!
BIT BRAIN I believe you Ernie, I too have witnessed the houses of cards with my own eyes. That’s why my people and I have now moved out here to the frontier. What I’m trying to do now is to make a few good investments to set me up for the future. That’s why I’m here today, to see if I’m interested in buying what you guys are selling.
ERNIE the OPPORTUNISTIC SALESMAN I assume that sir has already been to the largest building in our town, the one with an enormous sign that says “Bank Toppling Currency”? They create most of the money that we use around here – we just abbreviate it as “BTC”. They actually have a mine beneath the building. Anyone with a pickaxe is free to go and mine their own money; wonderful system isn’t it?
BIT BRAIN Yes indeed! I have been into the mine myself. Unfortunately my mining tools are rather crude compared to some of the advanced mining equipment that people are using down there, so I just bought some of their BTC off them with my dollars.
Speaking of BTC; I’ve taken a little walk around your store, and I like what I see. I would be interested in spending some of my BTC here, does this store accept it?
ERNIE the OPPORTUNISTIC SALESMAN Oh I’m delighted to hear that sir! Yes of course we take BTC, but we have our own little account system that you will have be to registered on before we can process any transactions.
BIT BRAIN Okay, how do I do that?
ERNIE the OPPORTUNISTIC SALESMAN We operate on a system whereby you buy everything on a store loyalty card. We call it the “Customer Purchasing Unit” or “CPU”. I’m afraid that it’s not a quick and easy process to get an account going, but it’s worth it in the long run. What you then do is you deposit a small amount of BTC onto your CPU, and that guarantees that you will always be able to use our store! Great system, isn’t it?
BIT BRAIN Weeeeelll, it does sound a tad over-complicated, but for guaranteed access to this obviously expanding store, it seems like a fair trade-off.
ERNIE the OPPORTUNISTIC SALESMAN Yes, I’m afraid that one of the directors here is known for developing very complex in-store economic systems, but he is very popular and there is no lack of customers queueing up to use them! Once you have a CPU, you can transact with any of the stores in our growing franchise!
XLM seen from the temporality of 1W we can see how the structure of candles has followed a long downward trend since the breaking of the distribution zone so far this year 2019, currently the price shows signs of reversal of trend where the price has made a series of bullish candles after finding bottom at 0.00000558, in this bullish impulse, the price has taken the offer located at 0.00000889, indicated in the graph by means of the horizontal red color, for the moment the price has formed us an HL, reason why it is very possible that the price forms us another HL inside the zone of weekly demand located inside the range of the price of the 0.00000651 – 0.00000771, indicated in the graph of above by means of the two horizontal black color, I have indicated the objectives of gain to medium or long term, being located the first objective inside the range of the price of the 0.00001252 – 0.00001408.
XLM seen from the temporality of 1D we can observe more closely the current movement of candles where we see how the price has been put into a parallel channel bullish, indicated in the chart above by the two diagonals dark blue, we see how the last two candles have not managed to overcome the area of supply and the current candle begins to show a reversal signal, even the candle is young, however, the odds of a reversal to the area of 1W demand located within the price range of 0.00000651 – 0.00000771 are high, if this happens we would have a third HL within the channel with double floor pattern as a strong signal to the bulls for a much larger next bullish move.
In conclusion, XLM begins to give a good sign of trend reversal, for the moment the best thing to do is to wait for a retreat into the demand zone mentioned above and for the price to form a new HL that tells us the purchase intention to continue long, the price has to exceed the supply zone located within the price range of 0.00000889 – 0.00000941 so that the price can continue to rise towards our first profit target located within the price range of 0.00001252 – 0.00001408, the second profit target is located within the price range of 0.00001753 – 0.00001879, the high target is located within the price range of 0.00002743 – 0.00002926, therefore, I recommend to be very attentive to the action of the price in 1D to wait for the next best entry, always remember to place your stop loss 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.
ZEN seen from the temporality of 1W we can see how the price has taken a strong impulse after the double floor pattern formed in the 0.0003810, now the price is in weekly bid zone where it is encountering resistance during the series of the last 3 candles, however, the formed minima show no sign of retreat, so it could be possible that the price exceeds the bid zone, if so, we should see a continuation of the upward movement towards our first target earnings located within the price range of 0.0007774 – 0.0008965, indicated in the graph above by the two upper horizontal black color, if the price does not manage to surpass this zone soon and we form a lower minimum, we could see the retreat towards the weekly demand zone located at 0.0004704.
ZEN seen from the temporality of 1D we can observe more closely the current movement of candles where we see how the price has formed a bullish flag with increasingly higher minima, this we see indicated in the graph above by the purple rectangle, a break above the lower figure and the high range of the area of supply located at 0.0005933 and we could have a next bullish leg to the price range of 0.0007774 – 0.0008965.
In conclusion, ZEN has maintained an excellent uptrend with a series of bullish candles that signal a much larger next move, however, the price has failed to exceed the bid zone located within the price range of 0.0005405 – 0.0005933, so that the price could still have a brief reversal before continuing, otherwise, the bullish possibilities are increased, our profit targets can be seen in the 1W chart where I have also pointed out the larger figure through diagonals dark blue color, the price has moved within the figure giving 2 touches at the top, so we should have another test of resistance, therefore, I recommend to be very attentive to the price action in 1D, the key area to overcome are the 0.0005933, 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.
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.
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”
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 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.
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.
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.
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.
In summary, Ether is a fairly secure investment with possibly much higher returns than what BTC can offer.
