VISA

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Visa is up well over 1000% from its lows during the 2008/9 financial crisis. The chart is a clear parabola and has shifted into top gear.

The corrective phase will begin in an environment of rising rates. This will result in the currently over leveraged public to tighten spending and thus reduce corporate profits. If the credit crunch continues this will lead to defaults and result in another leg down on the chart. How The Fed plays the first major corrective wave in the stock market will determine the health of credit companies, banks, and financial stocks.

The major takeaway from a chart like this is to newer traders is to a) buy the dips in times of major crisis b) average out of a position c) keep a small holding of profits in case the chart goes parabolic. This is exactly what good traders do with altcoins and what you should also do with stocks.

 

 

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Disclosure: The author has no positions open on Visa.

XMR Seasonal Pivot Approaching

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This idea started on my Twitter account and then I added to it. Here it is archived for the blog. As you can see, just like ETH & DASH, XMR has also been bound to certain key dates. It is now time for it to start making it’s seasonal pivot if BTC cooperates as well.

 

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DASH Seasonal Pivot Approaching

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This idea started on my Twitter account and then I added to it. Here it is archived for the blog. As you can see DASH, like ETH, has been bound to certain key dates. It is now time for it to start making its seasonal pivot if BTC price action cooperates.

 

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ETH Seasonal Pivot Approaching

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This idea started on my Twitter account and then I added to it. Here it is archived for the blog. As you can see ETH has been bound to certain key dates. It is now time for it to start making its seasonal pivot.

 

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Ethereum to Bitcoin Comparison

AltSeason 2018???

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Most crypto traders are starving for an “AltSeason” so that the non BTC markets can rally off recent lows. The general theory for the last couple years is “as ETH goes, so goes the rest of the altcoin market”. If so, then history suggests that most altcoin markets are near their cyclical bottoms.

As seen in the chart, ETH has been bound to a number of key dates, and like clockwork it keeps repeating the pattern. This would suggest a higher low to made on the daily into solstice with the market turning upwards around Boxing Day. If ETH and other markets keep moving upwards and do follow LTC’s recent movements then it is a clear sign that a top is in for all markets much like the market movements in late 2013 & early 2014. Meaning in that situation, Alts would spike rally like LTC and top with BTC then all roll off with BTC.

 

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OMG (11.27.17)

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Click Chart to Enlarge

 

OMGBTC has been finding support in this triangle (top chart) as the OMGUSD pair (bottom chart) makes it’s first breakout since the strong buy signal printed. Someone is as least trying to keep it bullish.

 

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PIVX (11.26.17)

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Click Chart to Enlarge

 

The top chart shows just how high PIVX is from its foundation, and thus the importance of this formation to be a “spring” and not another round of selling. A number of spike lows have made great support and it’s essential that it holds.

 

The bottom chart shows price “breaking out” in a very tepid fashion. Price seems low enough to take a stab at it and afford the option of a stop-loss since one would not be entering in mid-trend. Buying the dip has more risk and more reward. The key is getting buying low enough to not get shaken out…or stop at new lows and buy the next dip. The downside could be fairly large still. Fortunately the PIVX Twitter account seems more active, the support mentioned above is holding, and as BTC makes new all time highs the past 48hours the price of PIVX has yet to sell off.

 

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RDD (11.24.17)

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Click Chart to Enlarge

 

RDD is down about 90% off of the all time highs a few months ago. Trying to consolidate a bit. Daily candle recently printed a confirmed reversal (as seen on bottom chart) and is trying to hold that level. No breakout yet, but if it follows other markets they it’s worth throwing some dust at.

 

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CRW (11.24.17)

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Click Chart to Enlarge

 

The first chart shows CRW trying to break out out a 2 month long falling/descending wedge. A confirmed reversal is printing with priced above 17300-17200sats.

The second chart shows price finding support of this longer term order block. It very recently dipped below it while inside this wedge and is trying to pop above now. If this breakout is real then that dip could be a “spring” as seen from the Wyckoff market models. CRW is a MasterNode coin with a decent dev and some market support from some higher cap individuals. This is a market worth watching.

 

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BCY (11.23.17)

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Click Chart to Enlarge

 

Either someone is playing games or else this is a possible “spring” on the BCY daily chart. It’s been driving down in a wedge formation like EXP is. Other markets are moving, and as long as this dev isn’t dead it looks like an ok set up. price is so close to bottom you can actually have a stop set too.

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