My Speculation Thread (Charts and Analysis Included ;))

[tokeweed]

Hey guys, I haven't posted here in a while.  A couple of people were pm'ing me asking if I was coming back here and make a little more content.  I would like to say, of course I am. Posting my ideas and though process helps me a lot more than all of you think.  It makes everything clear.  Every mistake and every right decision.

Right now I'm looking at MAID and XEM.  I will post charts and my thought process later if I have the time.

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[tokeweed]

As promised here are both of my thought process for MAID and XEM.

MAID/BTC:  Broke Out and Given Another Chance



When this broke out the first time, the run up was quick and I'm pretty sure a lot of traders missed the ride of what might be a decent trend.  Good think there are some traders who actually got in who made a quick exit by dumping huge bags in the market.  That created a second chance to get in.  If you still didn't get because you were having second thoughts, then I don't thank a third one will come anymore.


XEM/BTC:  Breakout, Another +3000%?



Another speculative trade that could rake in a home run.  XEM is one of 2016's best performers, and who are we to say it can't be on 2017?  If this breaks out, I fill my bags.  

[tokeweed]

NXT/BTC:  Making a Comeback?



First of all, I have no idea what's exactly going on with NXT, and have no idea what Ardor is all about.  I post this basing everything on the chart.  So it seems everything has bottomed out with NXT and it might be a good time to start accumulating again as it's possible that it has nowhere to go but up.  I think I mentioned a couple of years ago that in order for NXT to become an enticing trade it has to go down a lot in price.  Well it's down...  Make your move. 

[tokeweed]

All bets are off.  Bitcoin is surging once again affecting all altcoins badly.  If I really need to gamble on alts.  I would start looking for bargains at the more solid, proven altcoins with good backing in development.  Altcoins like XMR, ETC and LTC.  Each have an argument for long term success, so why not get into these if they're getting cheap.

[sandiman]

All bets are off.  Bitcoin is surging once again affecting all altcoin badly.  If I really need to gamble on alts.  I would start looking for bargains at the more solid, proven altcoins with good backing in development.  Altcoins like XMR, ETC and LTC.  Each have an argument for long term success, so why not get into these if they're getting cheap.

ETC/XMR, pretty confident regarding 2017. got both, mainly ETC at good price  

Edit :

https://www.tradingview.com/chart/ETCBTC/VIWATmW5-ETC-Price-objective-using-Wyckoff-Method/

[tokeweed]

All bets are off.  Bitcoin is surging once again affecting all altcoin badly.  If I really need to gamble on alts.  I would start looking for bargains at the more solid, proven altcoins with good backing in development.  Altcoins like XMR, ETC and LTC.  Each have an argument for long term success, so why not get into these if they're getting cheap.

ETC/XMR, pretty confident regarding 2017. got both, mainly ETC at good price  

Edit :

https://www.tradingview.com/chart/ETCBTC/VIWATmW5-ETC-Price-objective-using-Wyckoff-Method/

Yup, Ethereum Classic looks like it's still near it's bottom, I wish I could speak the same of Monero.  I got in and out a few times making decent profit but I wish I just held no matter what.  I would've made tons more.  I was there when it went in its all time low only to trade in and out of it.  I missed the big move tbh.  But going all in and hoping for the best isn't how I trade.  I actually learn how the proper way.

[sandiman]

All bets are off.  Bitcoin is surging once again affecting all altcoin badly.  If I really need to gamble on alts.  I would start looking for bargains at the more solid, proven altcoins with good backing in development.  Altcoins like XMR, ETC and LTC.  Each have an argument for long term success, so why not get into these if they're getting cheap.

ETC/XMR, pretty confident regarding 2017. got both, mainly ETC at good price  

Edit :

https://www.tradingview.com/chart/ETCBTC/VIWATmW5-ETC-Price-objective-using-Wyckoff-Method/

Yup, Ethereum Classic looks like it's still near it's bottom, I wish I could speak the same of Monero.  I got in and out a few times making decent profit but I wish I just held no matter what.  I would've made tons more.  I was there when it went in its all time low only to trade in and out of it.  I missed the big move tbh.  But going all in and hoping for the best isn't how I trade.  I actually learn how the proper way.

I totally agree, as I shorted the break out of the multi year trading range, we all know what happened  (thanks god I used stop loss on that one)

[olcaytu2005]

All bets are off.  Bitcoin is surging once again affecting all altcoin badly.  If I really need to gamble on alts.  I would start looking for bargains at the more solid, proven altcoins with good backing in development.  Altcoins like XMR, ETC and LTC.  Each have an argument for long term success, so why not get into these if they're getting cheap.

ETC/XMR, pretty confident regarding 2017. got both, mainly ETC at good price  

Edit :

https://www.tradingview.com/chart/ETCBTC/VIWATmW5-ETC-Price-objective-using-Wyckoff-Method/

Yup, Ethereum Classic looks like it's still near it's bottom, I wish I could speak the same of Monero.  I got in and out a few times making decent profit but I wish I just held no matter what.  I would've made tons more.  I was there when it went in its all time low only to trade in and out of it.  I missed the big move tbh.  But going all in and hoping for the best isn't how I trade.  I actually learn how the proper way.

Exactly the same, had long positions below 700 above 5 btc... Closed too early for stupid day trading... :/

[President79]

Great thread, we can make reference to buy the lucrative altcoin, but I think, the analysis cannot guarantee it will profit, sometimes there are a lot of things that could have affected the price, it's good advice given to us in taking decisions, where coins are good and profitable opportunities so that we can take a decision.

[bittick]

All bets are off.  Bitcoin is surging once again affecting all altcoins badly.  If I really need to gamble on alts.  I would start looking for bargains at the more solid, proven altcoins with good backing in development.  Altcoins like XMR, ETC and LTC.  Each have an argument for long term success, so why not get into these if they're getting cheap.

you lost your credibility by mentioning LTC

[cryptolid]

All bets are off.  Bitcoin is surging once again affecting all altcoins badly.  If I really need to gamble on alts.  I would start looking for bargains at the more solid, proven altcoins with good backing in development.  Altcoins like XMR, ETC and LTC.  Each have an argument for long term success, so why not get into these if they're getting cheap.

As you mentioned above, XEM will definitely break the 1k sats barrier very soon. I cant say I am a huge fan of ETC and LTC but regarding XMR we MAY see it drop to 0.011 (absolute minimum) but then I can see a surge in price to around 0.017.

[tokeweed]

All bets are off.  Bitcoin is surging once again affecting all altcoins badly.  If I really need to gamble on alts.  I would start looking for bargains at the more solid, proven altcoins with good backing in development.  Altcoins like XMR, ETC and LTC.  Each have an argument for long term success, so why not get into these if they're getting cheap.

As you mentioned above, XEM will definitely break the 1k sats barrier very soon. I cant say I am a huge fan of ETC and LTC but regarding XMR we MAY see it drop to 0.011 (absolute minimum) but then I can see a surge in price to around 0.017.

I regret selling the minute Bitcoin began to surge upwards again.  The window to buy back could be lost and I'm not FOMO'ing my way back in again.  I'd rather miss a trade than do something motivated by emotion.  Oh well...

All bets are off.  Bitcoin is surging once again affecting all altcoins badly.  If I really need to gamble on alts.  I would start looking for bargains at the more solid, proven altcoins with good backing in development.  Altcoins like XMR, ETC and LTC.  Each have an argument for long term success, so why not get into these if they're getting cheap.

you lost your credibility by mentioning LTC

Lol.  I don't care.

[Sirtho]

Until now, I have not seen that a subcool can adapt to market fluctuations. They often take a position on the negative side and re-evaluate the crypto market for the time. There is an interesting situation here, actually. If it can be formulated, it can create opportunities

[tokeweed]

ETC/BTC:  Long Way Down?

First of all, before I post the chart I want you to listen to this song to go with the though process I'm about to give you.

Goo Goo Dolls - Long Way Down
https://www.youtube.com/watch?v=2Mbx6tNjsl8





You're still listening to the song, right?  Do I need to say more?  After three lower highs what does that really tell you?  It's on it's way down, unless there'll be a manipulated pump happening soon or some breakthrough.  The former could happen the latter, not hoping so much.  Shorting this could reap in a small profit here.

[tokeweed]

XMR/BTC:  The Time to Short is Now



Hello my fellow wannabe traders!  It's now time to take a look at XMR/BTC and look for a little short selling for fun and profit.  With BTC doing what it does best by being BTC, defying all odds, still climbing its way out of and above resistance, altcoins have no choice but to raise the red flag for now and must inevitably fall.  Although I admit I'm a little confused with the current set up as BTC's new climb could still be a bull trap.  Whether that's really the case or not, I don't know.  What I do is set my stop losses and go with the flow.

Anyway, look into getting some Monero shorts as this could continue to go down more.

[sandiman]

lower high needs lower lows.

XMR actually bounced against a strong support, i'd wait for a break before shorting that.

[tokeweed]

Yeah, well it pays to gamble a bit.  And besides, I have placed a tight stop loss on this one just in case Bitcoin crashes after bumping on the recent high again (which in turn has the reverse effect on alts).  I would expect the PBOC to be the main culprit again.  Overall the China situation will cool down and it will be good for Bitcoin for the long term imo.

[tokeweed]

REP/XBT:  Another Victim of the Strength of Bitcoin.  And is Augur Vaporware?



Here's another possible short opportunity for all of you.  The maintained strength of Bitcoin has again claimed another victim.  I see at least one person here claiming that altcoins are about to 'explode'.  Really?  Not when the king keeps this solid uptrend going, no.  Sorry. 

I have stopped following Augur's development closely.  Does anybody know what's up with it and when is it launching its prediction market?  Things seem too quiet with them, except for one of their founding members having a breakdown on Twitter a couple of months ago.

[tokeweed]

Damn, I got stopped out on both of my XMR and REP shorts.  I think something interesting is happening here.  Despite BTC's price surge the alts are going up as well.  Usually what happens is the alts go in reverse and falls in Bitcoin value right?  Well not this time.  Are we starting to see the great cryptocurrency bull run happen?

Please post your thoughts.

[el kaka22]

Damn, I got stopped out on both of my XMR and REP shorts.  I think something interesting is happening here.  Despite BTC's price surge the alts are going up as well.  Usually what happens is the alts go in reverse and falls in Bitcoin value right?  Well not this time.  Are we starting to see the great cryptocurrency bull run happen?

Please post your thoughts.

When new investors are entering into crypto world, typically they are being advised to invest like 50-50 or say 80-20 percents into bitcoins - altcoins. I believe new people are starting come in adopting cryptocurrecnies, that is the reason we are seeing all the coins are up surging.

When only some group of people (like Chinese traders in recent times) pump bitcoin prices, just to maintain the equivalent dollar value altcoin prices are finding downfall in terms of satoshi. In those times, we do get higher bitcoin prices and significantly higher altcoin prices.

Topping gold prices must be a great achievement by bitcoin, hence it is becoming a hot investment among all types of investors world wide. Now we can expect exponential appreciations for bitcoin prices and interestingly this time along with altcoins.