HOT Altcoins Trade Ideas

[cryptopost]

Syscoin VS Bitcoin Confirming The Uptrend

Syscoin has been one of the strongest coins during the last few months correctional phase. While most coins have been losing to the Bitcoin, Syscon held its’ value while the price was ranging between 5k and 7k satoshi.

SYS/BTC continues trading above the 200 Moving Average and managed to break above the downtrend trendline. During the past few days, it has been rejecting the 38.2% Fibonacci support, where the downtrend trendline acted as the support and has been rejected as well.

This could be the confirmation of the continuation of the uptrend sending Syscoin much higher from the current price. Although there are few strong resistance levels to overcome. First two are 8.2k and 10.2k satoshi levels where previously resistance was established. If they are broken next target would be 127.2% Fibonacci retracement level at 12.6k satoshi. Break above the final resistance will prove the long-term strength of Syscoin, which is a very likely scenario.

Source: http://cryptopost.com/syscoin-vs-bitcoin-confirming-the-uptrend/

[cryptopost]

Top 5 Coins With Strongest Recovery Recently

On the 6th of February, the Bitcoin has tested the lowest price since correction from USD 20k resistance started. Price dropped to USD 5.9k and corrected upwards, while during the past few days it reached USD 8K, re-gaining 40% against the USD. Is it a quite strong recovery and perhaps the end of correction?

Nevertheless, some coins corrected up much stronger than the bitcoin and below is the chart presenting the winners.

INTERNET OF PEOPLE (50% Recovery against the Bitcoin)
FUNFAIR (43% Recovery against the Bitcoin)
DECENTRALAND (37% Recovery against the Bitcoin)
 POWER LEDGER (34% Recovery against the Bitcoin)
GLOBAL CURRENCY RESERVE (32% Recovery against the Bitcoin)

Source: http://cryptopost.com/top-5-coins-with-strongest-recovery-recently/

[ser54gold]

Top 5 Coins With Strongest Recovery Recently

On the 6th of February, the Bitcoin has tested the lowest price since correction from USD 20k resistance started. Price dropped to USD 5.9k and corrected upwards, while during the past few days it reached USD 8K, re-gaining 40% against the USD. Is it a quite strong recovery and perhaps the end of correction?

Nevertheless, some coins corrected up much stronger than the bitcoin and below is the chart presenting the winners.

INTERNET OF PEOPLE (50% Recovery against the Bitcoin)
FUNFAIR (43% Recovery against the Bitcoin)
DECENTRALAND (37% Recovery against the Bitcoin)
 POWER LEDGER (34% Recovery against the Bitcoin)
GLOBAL CURRENCY RESERVE (32% Recovery against the Bitcoin)

Source: http://cryptopost.com/top-5-coins-with-strongest-recovery-recently/

Thanks for sharing 

[DigitalLemming]

Factom is absolutely killing me. It's such a great established company with a working product and infrastructure but It is never recognized and the price just sinks. Only starting picking up in the final days before the correct. Anyways your list looks pretty solid, just wanted to whine for a second!

[ser54gold]

Factom is absolutely killing me. It's such a great established company with a working product and infrastructure but It is never recognized and the price just sinks. Only starting picking up in the final days before the correct. Anyways your list looks pretty solid, just wanted to whine for a second!

Factom is good investition for my friend. I dont buy factom but many of my friend do.

[cryptopost]

Zcash Medium Term Potential 300%

During the December rally, Zcash hasn’t been the top choice for investors, although it showed a healthy 500% gain, reaching USD 813. On a corrective move down ZEC/USD lost almost 70% and was stopped at the 76.4% Fibonacci retracement, hitting USD 254 low.

Price failed to close below that support and what is, more importantly, 8/1 Gann Fan trendline was rejected with surgical precision. This is the key support and it has been rejected, suggesting the continuation of the uptrend.

Fibonacci retracement level applied to the last correction down as well as prior corrective wave after the downtrend trendline breakout shows that the strong resistance is at $1500 area, that is nearly 300% growth potential. At the same time, $1000 area resistance could be an obstacle as it also is a potential technical resistance and a strong psychological round number.

Source: http://cryptopost.com/zcash-medium-term-potential-300/

[cryptopost]

BlockNet VS Bitcoin Inverted Head And Shoulders

Blocknet has been moving downwards for over three months, after reaching btc 0.007 high in August 2017. Price declined down to btc 0.001, resulting in 85% loss to the Bitcoin. Since December BLOCK/BTC has been recovering and went up as high as btc 0.005, while breaking above the 200 Moving Average.

The MA has been acted as a support that clearly was respected by the market. After the last rejection of the Moving Average, BlockNet broke above the neckline trendline of the Head And Shoulders pattern, suggesting the continuation of the uptrend towards previous highs. The resistance area is between btc 0.0065 and 0.0075 which is expected to be reached in the short to medium term.

On the downside, the support area is based between btc 0.0028 and 0.0024, where only daily break and close below could invalidate bullish outlook.

Source: http://cryptopost.com/blocknet-vs-bitcoin-inverted-head-and-shoulders/

[cryptopost]

FunFair VS Bitcoin Signs of an Uptrend

After reaching an all-time high, hitting 1400 satoshi on the 8th of January, Funfair corrected down to 500 satoshi where previous support was established. At the same time price has rejected the uptrend trendline, and although it seems that it went below, daily closing price remains above it.

While the 500 satoshi support and the uptrend trendline has been rejected, the RSI oscillator has formed a bullish divergence suggesting trend reversal. FUN/BTC then broke above the 200 Moving average and the downtrend trendline.

Currently, FunFair has corrected slightly down and traded at 670 satoshi, but the price remains very attractive as there are signs of an uptrend in place. Price could grow up to 1770 satoshi, that is 141.4% Fibonacci retracement of the corrective wave from the all-time high.

Source: http://cryptopost.com/funfair-vs-bitcoin-signs-of-an-uptrend/

[cryptopost]

Incent VS Bitcoin Buying Opportunity

Since January the 1st Incent has been correcting downwards for the all-time high at 7.7k satoshi, down to the 2.6k satoshi, losing 65% to the Bitcoin. From 2.6k price went up to the 3.4k satoshi resistance while forming a bullish divergence on the RSI oscillator.

Currently, there seems to be a buying opportunity, but the 3.4k satoshi resistance must be broken. This resistance level is inline with the inverted head and shoulders neckline trendline. On the breakout, the H and S pattern should be completed by sending price back to the 5.4k satoshi resistance, that previously was rejected several times.

Break above the resistance should establish a longer-term uptrend sending price much higher. On a downside, the support in at 2.4k satoshi and only break and close below could invalidate bullish outlook.

Source: http://cryptopost.com/incent-vs-bitcoin-buying-opportunity/

[cryptopost]

Neo Value Could be 1/3 of a Bitcoin

One of the strongest coins in the past 2 months has been the chosen one, the Neo. It has a very strong fundamentals, great team working behind it and a huge growth potential in the coming years. While most coins have been struggling during the recent correction, Neo felt strong and even gained against the Bitcoin.

The most recent price action shows that Neo broke above the previous high at btc 0.014 resistance and at the same time broke above the 227.2% Fibonacci retracement trendline. This shows bullish intentions of the Neo that could bring the price as high as btc 0.0033, yes, 1/3 of the Bitcoin.

On the downside, the price could continue to consolidate and even go back to one of the previous support levels and/or the 200 Moving Average. But the overall long-term trend should remain bullish.

Source: http://cryptopost.com/neo-value-could-be-1-3-of-a-bitcoin/

[cryptopost]

Bitcoin Final Step To Confirm The Uptrend

Bitcoin has reached the downside target at $7555, that is based on the Fibonacci applied to the ascending channel breakout. However, the price went lower and hit $5900 price. Well, the important aspect is that the weekly closing price remained above that level and after breaking below price went immediately up and for the past few days has been rejected the actual downside target/support at $7555.

Now the final step required by the Bitcoin to confirm the uptrend and this is to close above $8650 level. It is important that the price will close on a Daily timeframe and better on a Weekly. Therefore a weekly close above $8650 should be a long waiting confirmation of the uptrend.

On a downside, break below the $5900 will most likely send price lower to $4000-3800 area and the $7555 support has to be watched for a break below.

http://cryptopost.com/bitcoin-final-step-to-confirm-the-uptrend/

[cryptopost]

Incent Approaching Key Resistance

Since Incent reached the bottom at $1.6 price has been rising consistently and already went up by 110%, while currently trading at $0.34. During the rise, INCNT/USD formed Head And Shoulders pattern and broke above the neckline trendline, followed by the break above the 200 Moving Average.

Clearly, the short-term trend is upwards and Incent is yet to test the key resistance at $0.38. This is the 23.6% Fibonacci retracement level applied through the all-time high. When/if it will be reached the Head and Shoulders pattern will be completed.

The most important will be the reaction of the market after the target is reached. Break above should confirm the long-term growth while rejection could result in a corrective move down.

Source: http://cryptopost.com/incent-approaching-key-resistance/

[cryptopost]

Comparison of Bitcoin Major Corrections

The Bitcoin has been showing a substantial growth over the past years, although huge growth was followed by huge corrections. Let’s try to compare the past two correctional moves down with the current one.

The past two strong corrections occurred in 2013 and 2014 were price retraced for over 75% from the peak values. All smaller corrections occurred in between resulted in a correctional move down of not more than 40%.

First Correction

The corrective wave back in 2013 resulted in a 76% decline while price moved from $260 high, down to the $60 support and has lasted for 87 days.

Second Correction

The next strong correction was not too far away and happened during 2014 – 2015. This time Bitcoin has corrected from the $1165 all-time high, down to $200 support level, which resulted in an 82% loss against the USD. The correction, including the consolidation period, has lasted for 637 days!

Third (Current) Correction

With the latest move down, Bitcoin has corrected down by almost 70%, during a relatively very short period of time, only 51 days.

The Conclusion

All major corrections have a tendency of a 70-80% drop, while the timeframe of the correctional move and consolidation period can vary. Bitcoin has already corrected nearly 70% from the all-time high and it could be a good buying opportunity for the long-term investors. At the same time, if 80% correctional move will be applied to the chart, the price could drop as low as $4000. Therefore, statistically speaking big players could start or could have started buying Bitcoin Bitcoin anywhere between $6000 and $4000.

Source: http://cryptopost.com/comparison-of-bitcoin-major-corrections/

[cryptopost]

Aeon Could Rise 50% Towards Major Resistance

Aeon has lost 80% of the USD value after it corrected from the $9.5 all-time high, down to $1.95. But the key support level is at $2.8, that is 227.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout.

At first, $2.8 support has been rejected but then price broke below down to $1.9 and almost immediately went back up to $3.6. On a corrective move down AEON/USD again rejecting the $2.8 level and now it seems to form the head and shoulders reversal pattern.

The confirmation should be the break above the neckline and should send the price up to the major resistance area between $4.7 – $5.2. On a downside break below the $2.8 support should invalidate bullish outlook.

Source: http://cryptopost.com/aeon-could-rise-50-towards-major-resistance/

[cryptopost]

Litecoin Back To $300?

After a 70% decline from the all-time high at $374, Litecoin found the support at 76.4% Fibonacci retracement level, that is $110 area. Although price spiked lower it closed above the Fibs support and also above the 8/1 Gann Fan trendline closed above.

The bullish divergence was formed on the RSI oscillator suggesting the continuation of the long-term uptrend. While the price already looks attractive many traders could be waiting for more confirmations in order to reduce the risk. Next confirmation would be the break above the 200 Moving Average as well as the descending channel.

Upon confirmation, LTC/USD should continue moving up towards major resistance area between $290 and $310. At that point profit taking could take place or as an alternative break above, which should push price much higher, to the new all-time high.

On a downside, only a weekly break and close below the $100 psychological support level could invalidate bullish outlook.

Source: http://cryptopost.com/litecoin-back-to-300/

[cryptopost]

Shift Bottomed Out?

Following the strong rally, from $0.5 up to $13, Shift corrected down very sharply and lost 87% to USD in a matter of 5 weeks. Currently, the correctional move down was stopped by the 88.6% Fibonacci retracement level, while price failed to close below it. Additionally, SHIFT/USD testes the major support at $1.6, which has been previously acting as a resistance and support, back in the beginning of December 2017.

The support area between $1.6 and $2.0 looks solid and could result either in strong retracement upwards or a trend reversal. There are 3 resistance levels to watch:

61.8% Fibs ($5.3)
50.0% Fibs ($6.
38.2% Fibs ($8.3)

Break and close above the final resistance should confirm the long-term uptrend, although it if any of them will be rejected, consolidation period could take place. On a downside, only break and close below the $1 psychological support could invalidate bullish outlook.

Source: http://cryptopost.com/shift-bottomed-out/

[cryptopost]

NXT Reversal Probability

NXT was one of those great investment opportunities a few months back that multiplied its’ value against the USD by over 40 times. It went from $0.05 up to $2 all-time high. A truly extraordinary growth has resulted in a very strong correction, sending the price back to $0.13, that is 93% decline in price.

Currently, the lowest point of that correction is $0.127, where RSI oscillator formed a bullish divergence on NXT/USD, suggesting the end of the correction. Further, price broke above the downtrend trendline, adding more assurance to the potential reversal.

However, this could be just a short-term uptrend, where NXT could grow up to one of the strong resistance levels. First is 38.2% Fibonacci retracement level at $0.36, and second is 50% retracement at $0.43. When/if NXT will reach the $0.43 resistance and break above it, only then the longer term uptrend could resume.

Source: http://cryptopost.com/nxt-reversal-probability/

[cryptopost]

Syscoin Uptrend is Still Valid

Following the previous idea on Syscoin, it found the resistance near $1 psychological round number, and after hitting $0.98 high, the price went down sharply. SYS/USD broke below the ascending channel and found the support at the lower trendline of the extended ascending channel after rejecting $0.3 low. At the same time price rejected the 127.2% Fibonacci retracement level applied to the corrective wave up, after channel breakout. Anf finally, the uptrend trendline has been respected, while previous support at $0.34 hasn’t been broken.

The uptrend trendline and the key support at $0.34 are not broken as price failed to close below. This could result in a continuation of the SYS/USD growth, although 3 obstacles on the Syscoin way up should be watched.

50.0% Fibs ($0.63)
61.8% Fibs ($0.71)
76.4% Fibs ($0.80)
If any of the resistance levels will be rejected, the price could go back to $0.3 support area, the breakout of the $0.8 resistance should send price towards $1 level and if broken, the long-term uptrend should be confirmed.

http://cryptopost.com/syscoin-uptrend-is-still-valid/

[cryptopost]

Verge Buy on a Breakout Approach

Verge corrected down by 88% since it reached the all-time high at $0.292, and has found the bottom at $0.034. The RSI oscillator formed a bullish divergence suggesting the reversal of the trend.

However, a strong resistance is based near $0.07 area and the break above is required in order for XVG/USD to grow further. If/when Verge will break and close above this resistance the next potential upside target would be at 38.2% Fibonacci retracement level, that is $0.13 area.

$0.13 resistance, should provide a key clue as to the further Verge price development and if broken, the long-term uptrend should be the case.

In any case, let’s not forget that first, $0.07 resistance must be broken, and if rejected, the price could move back down to the $0.034 support and even lower.

Source: http://cryptopost.com/verge-buy-on-a-breakout-approach/

[cryptopost]

Enigma VS Bitcoin Uncertainty

Following the strong buy short rally upwards, Enigma found the top at 56k sathoshi. The correction down followed and while the second wave ended, ENG/BTC found the support at 127.2% Fibonacci retracement level applied to the corrective wave up after the ascending channel breakout.

However, currently, price found the resistance at 50% Fibonacci retracement level and rejected the upper trendline of the descending channel. This brings uncertainty in further price development of Enigma.

In order for Enigma to continue the uptrend, the 41k resistance area must be broken, prior to that, the risk of the downtrend continuation remains high. Price could go back to the 22k satoshi support and perhaps slightly lower to test the lower trendline of the descending channel.

Source: http://cryptopost.com/enigma-vs-bitcoin-uncertainty/