$LSK

Lisk (LSK)

Lisk

I have seen the odd tweet about Lisk (LSK) so I decided to take a look for myself. At a glance it is easy to see that it has been in a down trend for months, but it has been making somewhat of a floor lately. The price has slowly creeped sideways to the main resistance and certainly has the technicals lining up for a bull trend. Altcoins are very volatile therefore trying to front-run the market is not a good idea this close to resistance. With such a nice set up it is better to wait the extra few satoshi’s and enter a trending market than be stuck with a dud.

 

The chart below is a split screen with the upper portion being the 4H view and the lower being the daily chart. The daily is very close to moving out of this down trend. Today’s candle is an unconfirmed reversal(blue) and the StochRSI has crossed upwards and is getting very close to leaving oversold. The 4H chart show’s that on the last push up to the trend was hit, then the price retraced to a higher low, and that it is now currently trying to printi a confirmed reversal candle.

 

Altcoins move quickly so it is best to set an alarm and catch this train as it is leaving the station. The video goes into a more detail description of the market and the type of trend to expect from LSK if it can breakout from these levels. After watching this first video on Lisk go check out the rest of our YouTube channel and don’t forget to subscribe for instant updates. The video series on Blackcoin is how CSN likes to approach markets….find markets in consolidation, look for positive momentum indicators, then enter as the rocket leaves the launch pad.

 

 

LISK LSK
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July 9th, 2016

BlackCoin BLK

BlackCoin (BLK)

BlackCoin

 

 

Blackcoin recently broke below the long term horizontal support but it is looking like it might have been a giant fakeout. We are exploring this possibility for many reasons. The weekly chart seems to show 3 bull market fractals with what should be a 4th to follow due to the StochRSI crossing 50 and trending towards oversold.

 

The daily chart is showing a pick up in volume and then a large volume spike very recently. That spike was used to get the price back to the resistance, which was the old long term horizontal support so easily seen on the weekly chart. At this point in the game it seems far safer to use the horizontal line as the long/short trigger.

 

There are a couple of reoccurring price patterns that are examined in the video contained within the post. The one has the price retracing from the current level to about 4200 satoshi’s before marching up to new highs. The other has the price finding support at the current before waving upwards into a significant spike.

 

I have not really been spending much time trading altcoins due to bitcoin being in a bull market. The volatility of the sell offs is very profitable and far more liquid than altcoin markets. However it seems BTC is running out of steam on this rally which then allows time & money to flow into altcoin markets. There are such an enormous amount of altcoins and the ability to research them all is impossible. CSN will instead focus on the quality established altcoins that have upside potential and a decent amount of liquidity. I am sure smaller cap alts will be covered too but will only focus on ones in accumulation patterns and not ones in any sort of bullish trend because the ability to enter and exit the market is difficult on such small cap altcoins.

 

BlackCoin BLK
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July 7th, 2016

BTC BITCOIIN

Bitcoin Pivot

 

bitcoin bull Trend Pivot

 

Ƀitcoin is at a major price pivot right now. The structure of the last 3 bull market moves (see chart at the bottom of the page) is very similar, and in the coming days it will have to pick a direction. Currently the price action is more like the bullish fractal in the center of the chart than the bearish one to the left of the chart. The daily candles are printing neutral grey, which is too bad because even the slightest bit green or red will kick start a trend.

 

There was not a large blow off top price spike to mark the top of this last bull run, so the possibility of more upside has to be entertained. The StochRSI is about to cross 50 and head to oversold. We are seeing clear diminishing volume on the chart as well. This is important because that type of volume profile resolves itself with a large move and rarely a small one. If this plays out we could see upside action for the last half of July with targets based on the FIB Extension tool.

 

Often I talk about trend lines and triangles, but the short term chart (the fist chart below) is hinged on a horizontal level. The daily candles are not green thus crucial to know your personal “line in the sand” so you can exit before a bear trend begins. Chances are that line in the sand is the lower yellow line on the chart seen below. Wicks are important too, but when that many candle bodies form a straight line then that horizontal level becomes the key pivot on the chart. That is what I see happening thus the level of about $665 is the bearish pivot zone.

 

Bitcoin
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Bitcoin
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July 4th, 2016

 

PeerCoin p2p

Peercoin (PPC)

Peercoin
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PEERCOIN

 

PPC:BTC has been following the last fractal of the crash cycle to a tee so far. The main price action has been to pump, brake through previous lows and then eventually pump back up in a short squeeze/stop run type of manner…that being a hard & fast pump going right to the previous support & back down again.

Unless Peercoin can consolidate in the current range it seems destine for more down side pressure. The candles switching from red to neutral grey on the daily is nice to see. But again the consolidation must not breakdown because once red candles start to print again there is not much stopping it from making new lows yet again. Much like LTC the fate of PPC will be determined by how long BTC is going to stay bullish. Once BTC waves off for the summer markets like PPC & NMC should see more upside price action.

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June 30th, 2016

LiteCoin Bitcoin

Litecoin (LTC)

Litecoin
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Litecoin

 

Though the LTC:USD pair tends to move with the price of BTC:USD, the LTC:BTC pair does not. It has been getting pummeled through out this Bitcoin bull market. The 2 horizontal yellow rectangles are the only times LTC:BTC has had a 100% retrace of a large scale move. The price is falling back into the support zone. However, considering LTC’s recent history it may only have a small bounce before making new lows.

The trade is waiting for the price of BTC to top out and then play the bullish LTC:BTC waves upwards. One could take a small position inside this box the price is selling into now, but the week is far from over and caution should be advised with BTC:USD breaking above resistance from the last sell off.

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June 30th, 2016

GOLD BTC Coinstreetnews.com

Gold to Bitcoin Ratio

GOLD to BITCOIN

 

Click Chart to Enlarge
Click Chart to Enlarge

 

Periodically we have checked in on the Gold to Bitcoin ratio via the XAUUSD/BTCUSD or GLD/BTCUSD charts. Once support finally broke (see chart below) we knew that the Bitcoin/USD rally was about to take off. A few weeks ago in the trading room I shared my FIB extension targets and it recently hit the full extension at 0.16 (see chart above). Unless BTC has some consolidation for a fierce rally it seems more likely that a top is near with BTC. Though it may spike through 0.16 to trend though it will require another extension of the FIB tool.

 

gldbtc apr 22
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June 17 2016

$DAO

The DAO (DAO)

DAO Hacked?

DAO
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DAO
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The DAO raised over $100M USD and is the largest crowdfunded project according to wikipedia, yet somehow it is being attacked. I am more of a chart person than a technical person, but it is baffling to have over a Hundred Million Dollar bankroll and your not prepared for everything. If someone is “stealing” coins and dumping then it could go on for a fairly long time. This is all really too bad because the chart was acting very bullish. However when the attack stops the snap back of price will be very profitable. Watch The DAO for an entry once the dust settles.

 

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Jun 17 2016

ethereum Coinstreetnews.com

Ethereum (ETH)

Ethereum
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Ethereum

The Ethereum to Bitcoin fractal we have been watching has still not resolved itself. As you can see there was diminishing volume but it is still unresolved at this point. As marked on the chart, while it is range bound playing the volatility of BTC is far more profitable until the ratio exits this tightening range.

 

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June 16 2016

BTC BITCOIIN

Bitcoin (BTC)

Click Chart to Enlarge
Click Chart to Enlarge

Bitcoin

The current leg of this Btc wave is consolidating and I think enough time has gone by to assume where the horizontal support is being drawn. The last wave ended with a large doji and a fair amount of sell volume. If the price falls under the green line scalping shorts seems like a fairly safe play. 

June 14 2016

 

Lisk (LSK) to BTC Comparison

Click Chart to Enlarge
Click Chart to Enlarge

 Lisk to BTC

This is one of those ” a picture says a 1000 words charts”, so I am not going to dilute it with commentary. Basically, it sure looks like LSK is lead BTC. That seems crazy, but with The DAO flat and ETH in a bearish phase all this LSK volume is going to good use. There is no solid prediction being made from this, just that traders should watch these markets because is they do stay synced together then it is a great edge for entering and exiting BTC at the most favorable times.

 

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June 8 2016

 

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