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Tag: Trends

HOLOCHAIN and ENJIN COIN Short Term Targets

April 17, 2019 Published by

I have spoken already about HOLOCHAIN and ENJIN Coin, I am super bullish with these two projects both of them having a very promising future in my opinion.Despite the erratic movement of the crypto market theses days I think both of them have signals of bullish rise right now.By one side we have ENJIN Coin, token of the ENJIN ecosystem for gaming projects, is really showing a good performance lately.

ENJIN COIN seems to have completed already its 4th correcting wave. Remains one last wave upwards to complete the cycle. I have placed my target close to the All Time High

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At the limit of the Market sustainability

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https://scrips.io/blog//at-the-limit-of-the-market-sustainability/"> April 15, 2019 Published by

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Just looking the simple chart provided by Coinmarketcap … Seems we are right now in the border of another decisive moment. There is a Head and Shoulder pattern flying over the crypto market and the recent decrease in volume does not help so much to sustain the growth:

Market has reached an amazing value of 186 Billion recently but now is struggling at the 170 Billion area…if this trend holds longer and the market overpasses the 167 Billion I am afraid we are going to see again a drop to the 145 Billion, a total market cap value previous to this

BITCOIN: Trip to 6200 USD, 5-3-5 Correction

April 15, 2019 Published by

Elliot Waves count still valid and progressing towards the 6200 USD target.

Currently building what seems to be a 5-3-5 Zig-Zag correction in order to complete wave 4 as shown at the 4h Chart:

Red a-b-c correcting waves can be identified as 5-3-5 Zig Zag type using the 1Hour chart:

If this assumption is correct, we should see a drop towards the range of prices ranging between 4800 and 4600 USD on which I am laddering some buying orders.

That level of price would mean the completion of the 4th wave and the start of the upwards 5th towards the major resistance:

Below 4600 USD

ENJIN COIN: Possible one of the most bullish altcoins out there nowadays

April 14, 2019 Published by

I certainly believe that one of the entry gates of newcomers at the Crypto sphere is by means of the gaming industry. Models as Cryptokitties , Steemmonsters or more recently Drugwars among others are examples of success when talking about attracting new actors to the Ethereum, Steem or Tron blockchains.

However, these examples of games running using somehow partly the power of the blockchain are only a minimum expression of what the gaming industry is able to bring to the cryptoworld.Can you imagine popular games as Clash Royale or Fortnite running in decentralized way using the blockchain?I am sure these applications

BITCOIN: The trip to 6200 USD

April 11, 2019 Published by

I have had to modify a little bit my EW-count with the last BITCOIN movements which is currently correcting strongly after having reached another new High of the year.A totally expected movement after the explosive rise of the last days to be honest.The following chart was the former one on which I was working on:

Essentially I thought that BITCOIN have finished already the 3rd wave up of the green 5-waves up but seems that, instead of correcting on 4, it just kept moving a little bit erratically sideways and slightly upwards… and that was fine because If I try to

TRON [TRX]: guys, pay attention to this pattern…

April 9, 2019 Published by

I am not really a fan of this altcoin which I think it has more marketing than technical aptitudes right now but when looking for Trading opportunities based on Technical and Pattern Recognition techniques I cannot deny the evidence of what seems to be a great chance of success.

Besides the recent announcement of the mainnet SUN Network launch scheduled for August 10 , TRON [TRX] has completed already a full cycle of 5 waves up and 3 waves down, Golden-cross reached on early February and it has broken the triangular pattern already by mid March.

Additionally, we have a perfect Inverted

BITCOIN: not only volume is increasing…

April 8, 2019 Published by

Everyone must be aware about the impressive level of Exchange volume that BITCOIN and the whole Crypto market is maintaining nowadays. BITCOIN is clearly approaching to similar values as the ones played in All time highs, by the end of 2017.

This is for sure a good sign on the recovery of the market but, besides the green values on price and volume, there is also the increase of number of transactions experimented by BITCOIN Blockchain:

Previous, chart, provided by coinmetrics.io, shows that BITCOIN Blockchain is being used more intensively nowadays.

Additionally, we have a clear increase regarding BITCOIN interest on Google

BITCOIN: Next steps…

April 4, 2019 Published by

Excellent decision the one I took yesterday placing my STOP LOSS at 5100 USD.

I thought that due to the consistent increase on volume, BITCOIN may go higher and eventually rise till the 2.618 FIBO level which is very common in Crypto as  a form of extended third wave but whales got satisfied just by reaching a little bit higher than the 1.618 FIBO which I placed around 5180 USD.

So, I managed to get a good bunch of dollars with this strategy so I am satisfied for the moment.

Now, that top has become our new resistance level but still our Elliot

BITCOIN: Let it flow

April 3, 2019 Published by

Ahhhhh! How I love this market!!! So emotional and intensive!

Just a three days ago I posted a projection of the total market cap that has become reality right now, we have reached 184 Billion USD. And this is the chart I posted:

Seems that a very big order was placed to buy
BITCOIN just at the Neck level and after the spontaneous long candle,
the rise is kept sufficiently strong to accomplish the target here…

What to do now? Should I sell some profits, should I do nothing? should I buy more?

Whatever the answer now is an “unknown” but I am going

BITCOIN: “Don’t say “wheat” until it is in the bag and well tied”

April 2, 2019 Published by

…or as we say in Catalan Language: “no diguis blat fins que no sigui tot al sac i ben lligat” which means that despite the extraordinary rise of BITCOIN today, which as I wrote yesterday as a first option to happen in this post , we still cannot say the reversal is confirmed yet.

This is the chart I presented as an option 1 yesterday:

And this is how it looks today:

That long daily candle has crossed the 200
DMA and almost has reached the 1.618 FIBO level of the fist wave for the
end of the 2nd wave, which it is

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