HOT Altcoins Trade Ideas

[Offend]

A good opportunity to invest now is BPS, an ICO from bitpaction.com. I see great future for this coin and what they offer.
Bitpaction exchange is an evolutionary idea to further solve issues with existing trading exchange  in the crytoecosystem as exchange platform place a key role in block chain technology the need to evolve becomes imminent for development.

[indika8821]

Research certainly helps, but more so for new coins than those which are around for some time already. Because as soon as the masses begin speculating with a coin, and be honest that's the case with most if not all coins at the moment, more research doesn't give you the better edge anymore - the speculating masses don't follow research and objective facts, they follow social media.

[shaadsufi]

A good tactic used for investing especially in altcoins would be to see which coins the altcoin you are investing is dependent upon if your coin is dependent upon Ehtereum, for example, then you should not out all of your investments into that coins since if that coin fails then you will lose all your money split it between the parent and the daughter currency lets say.

[cryptopost]

BitShares Double Bottom Formation

It seems that BitShares has found the support, while forming a double bottom at $0.118. The following wave up resulted in a break above the downtrend trendline as well as 50 Moving Average.

There are to resistance levels to watch, first minor resistance is at $0.17, where the downtrend trendline was previously rejected. Second major resistance is at $38.2% Fibonacci retracement level. This should be the key price to provide further clues on the price development. Break above that resistance could start a long term uptrend, while rejection should result in more consolidation.

On a downside, break and close below the $0.11 support should invalidate short term bullish outlook and send price slightly lower or just extend the consolidation.

Source: http://cryptopost.com/bitshares-double-bottom-formation/

[cryptopost]

Clams VS Bitcoin Might Not Go Any Lower

Clams coin has found the support at 40k sathosis. That is not only a strong psychological support but a 327.2% Fibonacci retracement level (applied to the corrective wave after the 62k support breakout).

Clearly, 40k satoshis level has been rejected twice already, however CLAM/BTC is struggling to move above the 50k satoshis resitance, the 61.8% Fibs. At this point the consolidation between 40k and 50k satoshis is taking place and price has to break either for them to provide momentum for the next wave.

Break and close above the 50k satoshis should push price up, towards strong resistance at 62k satoshis area, or perhaps higher, towards 69k satoshis. Both of these levels correspond to the 38.2% and 50% Fibonacci retracement. On a downside, close below 40k satoshis, should push price down to 427.2% Fibs at 34k satoshis.

Source: http://cryptopost.com/clams-vs-bitcoin-might-not-go-any-lower/

[cryptopost]

Stellar Could Grow x2

Stellar continues to move within the descending channel producing lower lows and lower highs. Trend remains bearish while price formed the low at $0.15.

The most recent bounce of the upper trendline of the descending channel was on 28th of May and since then price has formed the resistance at 0.23. In order for STR/USD to start moving higher $0.23 resistance must be broken with a daily close above that price.

It that happens, Stellar is likely to start correcting upwards and potentially double in value, as the next strong resistance is seen at 88.6% Fibonacci retracement, that is $0.44.

On the other hand if resistance will be rejected, yet another wave down could be expected towards previously established low at $0.15 or a psychological support at $0.1

Source: http://cryptopost.com/stellar-could-grow-x2/

[Norihiro]

The best option now is to wait carefully - not to chaotically increase your portfolio - nobody knows what will happen next with the market.

[DeMarch]

I suggest to all of you to stop trading Cryptocurrency. Trading cryptocurrency is not give any benefit at all. The price of cryptocurrency is fluctuate. Better you hold them for long term investment.

[cryptopost]

Dash Rejected Strong Support

Since Dash reached an all time high, hitting $1600, it has lost over 80% to the USD. But this week it found the support at 88.6% Fibonacci retracement, where price failed to close below. In addition the uptrend trendline has also been rejected, suggesting that DASH/USD could have reached the bottom.

Perhaps now is the time for a trend reversal or at least a strong corrective move upwards. The first resistance is at $647, and the second, key resistance is at $683, both of which correspond to the Fibonacci retracement levels. If Dash would manage to break above the $700, it should confirm long term bullish uptrend, while the rejection should result in a corrective wave down.

On a downside, only a daily break and close below the recent low at $268 could invalidate bullish outlook and extend the consolidation.

Source: http://cryptopost.com/dash-rejected-strong-support/

[cryptopost]

Aelf VS Bitcoin – When Will Grow?

Aelf has reached an all-time high against the Bitcoin on the 25th of January, hitting 22k satoshis. Since then price corrected down strongly and Aelf lost 74% to Bitcoin, while it found th elow at 5600 satoshis.

The RSI oscillator has formed a bullish divergence suggesting the either a corrective wave up or a potential reversal to the upside. However, currently there is strong resistance at 9k satoshis that ELF/BTC must overcome, yet it continues to reject it.

If Aelf will continue trading above the previously established low and breaks above the 9k satoshi resistance it could provide further upside momentum, sending price higher. Next resistance is seen at 38.2% Fibs, near 12k satoshis, and then 50% Fibs near 14k satoshis. Daily break and close above 14k should confirm the long-term uptrend.

On a downside, ELF/BTC will continue trading below the current resistance, further decline is possible, and price could go back down to 5.6k satoshis or even slightly lower.

Source: http://cryptopost.com/aelf-vs-bitcoin-when-will-grow/

[cryptopost]

Einsteinium Warming Up

Einsteinium seem to have found the bottom at $0.133, where it rejected 161.8% Fibonacci retracement applied to the corrective wave after the $0.4 support breakout. The Fibs where rejected cleanly and following the increase in trading volume price started climbing up.

While the support is being respected by the market it is likely that EMC2/USD will producing a corrective wave up towards one of the resistance levels. Both resistance levels correspond to the previous support levels. First is $0.4, second is $0.67. Break and close above $0.7 should confirm long-term uptrend.

On a downside, break and close below the $0.133 support should invalidate short term bullish outlook and could result in further decline towards $0.1 psychological support.

Source: http://cryptopost.com/einsteinium-warming-up/

[cryptopost]

YOYO vs Bitcoin Can’t Break Above

Yoyow coin has found the support at 88.6 Fibonacci retracement, that is 810 satoshis. The support was rejected cleanly, although price has formed a strong resistance at 1140 satoshis, that YOYO/BTC failed to break on multiple attempts.

However, while the support is holding there is a good probability of the potential corrective move up, but only if YOYO/BTC will managed to break and close above the 1140 satoshis resistance. When/if that happens, Yoyow could jump up towards 76.4% Fibonacci retracement at 2175 satoshis, where previously resistance was formed.

On a downside, if Yoyow continues to trade below 1140 satoshis resistance price could go down and perhaps below the 810 support, before correcting up.

Source: http://cryptopost.com/yoyo-vs-bitcoin-cant-break-above/

[cryptopost]

Counterparty VS Bitcion Reversal Attempt

Counterparty seem to have found the bottom at BTC 0.00133, as after bouncing off that level price started to produce higher highs and higher lows. The break above the downtrend trendline as well as 50 Moving Average suggests that it could be an attempt to revers the trend to the upside.

The uptrend trendline is being rejected and today XCP/BTC broke, and currently trading above the 50 Moving Average once again. Nevertheless, before confirming the uptrend, Counterparty must break all the upcoming resistance levels.

First is at 88.6% Fibonacci retracement level at BTC 0.00186, which has been previously broken from above. Second resistance has been already formed on 3rd of March as is based at BTC 0.00214. And final resistance is at 76.4% Fibonacci, that is BTC 0.00255.

Daily break and close above the final resistance should confirm trend reversal, but before that, any upwards move should be considered as a correction.

On a downside, break and close below the uptrend trendline should invalidate short term bullish outlook and extend the consolidation, potentially sending XCP/BTC down to psychological support at BTC 0.001

Source: http://cryptopost.com/counterparty-vs-bitcion-reversal-attempt/

[cryptopost]

Ubiq Coin Approaching Strong Psychological Support

biq Coin currently trading at $1.32 and continues to reject the downtrend trendline. The downtrend remains valid, although UBQ/USD has formed a bullish divergence on the RSI oscillator suggesting that the correctional move upwards could be on its’ way.

In order for the price to start rising the $1.6 minor resistance must be broken with a daily close above it. When/if that happens Ubiq is likely to move upwards towards one of the Fibonacci resistance levels, either $2 or $2.2, that is 38.2% and 50% Fibonacci levels.

If it continues trading below $1.6 resistance price could drop down further, to test strong physiological support level, which is $1. Rejection of that level should result in a corrective wave upwards, while break below is likely to result in more consolidation.

Source: http://cryptopost.com/ubiq-coin-approaching-strong-psychological-support/

[Moeda]

Thanks for the information. This is very useful for us who are active in trading. Because at this time a lot of potential losses gained by investors when trading.

[tonylewisverdu]

Thanks for sharing

[cryptopost]

ONTology VS Bitcoin Uptrend Continuation

After forming a strong support at 14700 satoshis, ONTology started to move up, reaching the previous resistance level at 33800 satoshis. At that point consolidation has started in form of the triangle patter. Today price broke the triangle pattern and previous resistance, suggesting the continuation of the uptrend.

Although the correction down towards the triangle area could take place, the trend remains bullish and could result in ONT/BTC growth towards 60k satoshi area on the next wave up. Break and close above the 60k resistance could send ONT much higher, while rejection should send price back towards 30k satoshis area.

On a downside, break and close below 26k satoshi support should invalidate bullish outlook and extend the consolidation, but it does not seem that it could result in a downtrend.

Source: http://cryptopost.com/ontology-vs-bitcoin-uptrend-continuation/

[cryptopost]

Bitcoin Is Trading Between Support & Resistance

The Bitcoin has found the support at 76.4% Fibonacci retracement after it has been rejected together with the uptrend trendline on the 6th of February. However, on the lower scale, the uptrend trendline has been broken and Fibonacci applied to the trendline breakout point shows that the 38.2% Fibos has also been rejected on the 60th of February.

It makes the area between $6k and $6.5k a very strong support, that hasn’t been penetrated. Whats more, is that currently Bitcoin is moving within the descending channel and seem to rejected the lower trendline. All-in-all Bitcoin is facing a strong support area and if it continues to be respected by the market price could potentially correct upwards towards nearest resistance at $9k. Break above that resistance is likely to establish an uptrend towards $15k-17k area.

On the downside, weekly break and close below the $6k support should push price further down, towards $3.3k – $3.8k support area, from where Bitcoin is likely to recover very fast.

Source: http://cryptopost.com/bitcoin-is-trading-between-support-resistance/

[cryptopost]

LBRY Credits Chance Of Reversal

LBRY Creadits downtrend could have come to an end, as price found the support at 0% Fibonacci applied to the uptrend trendline breakout point. The support has been rejected cleanly followed by the break above the downtrend trendline.

The chances that the corrective wave up will follow are quite high, although this could take some time. Price still could go slightly below the $0.15 support or produce a double bottom prior to moving higher. The very strong resistance area is based near $0.3 and could be the key level in the medium term future. Break above $0.3 should confirm the trend reversal, while rejection could extend the consolidation.

Source: http://cryptopost.com/lbry-credits-chance-of-reversal/

https://www.tradingview.com/x/c1jcjaIn/

[cryptopost]

MonaCoin Scenarios

Monacoin has formed a double near $2.8 after which it attempted to break above the downtrend trendline, but no clear breakout followed. Price went back and formed another double bottom at 88.6% Fibonacci retracement.

Clearly there is strong support around $2.8 and this could be a potential reversing point for MONA/USD. But it could be a little premature at this stage to say that trend is reversing as the bearish momentum is still intact.

Bullish scenario: MonaCoin has to break and close above $4.2 resistance in order to move higher, in this case upside target is seen at $7

Consolidation scenario: Price could be trapped between $2.8 support and $3.3 resistance for a little while, break above or below should give some clues on further direction.

Bearish scenario: MONA/USD closes below $2.8 support, this might result in a more decline towards $2 psychological support and perhaps slightly lower – $1.8.

Source: http://cryptopost.com/monacoin-scenarios/