STRAT (11.23.17)

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STRAT daily took a big hit and held at the last possible level it could. It has built a bit of support and is close to the downtrend line with a fair number of markets moving. Continuing to hold above the minor support created makes it bullish above 48K.

 

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EXP (11.23.17)

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EXP daily chart is trying to make a higher low inside a falling wedge. Lots of other markets are moving and this has yet to. The 4H chart below seems to suggest buyers at 30K and below. SCMR candles and horizontal levels point to bullish above 23K.

 

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Doge Coin

DogeCoin (DOGE)

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Click Chart to Enlarge

 

Get used to it, i’m gonna say the same stupid $*#t over, and over, and over again for the next little bit as every first wave pumped coin has the same set up….solid floor, ok buy volume, confirmed reversal, blast off. If so DOGE should pause in the yellow block, pull back, rally to the blue block and cool off. Typical retraces see the markets in due time reach the red box.

However I do recognize the huge size of the last bull markets and that the typical OTE retraces may not get hit on all markets. Market Makers did a great job distributiing assets and are really not overly motivated to make bagholders whole again. Large bull market gains are likely in the mid caps on Bittrex while the Poloniex coins give solid 50% retraces over September.

 

 

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BitShares (BTS)

 

bts sept 1 2

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BitShares, BTS, looks like every other altcoin that has doubled in price the past 10 days. Confirmed reversal, price floor with ok buy volume, and some news.  With BitShares today it’s that it is mentioned in a Huffington Post article. Most of the recent pumps are moving towards that purple horizontal level, pulling back, then going to the area inside the blue box. Let’s see if it repeats or not.

 

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DASH Consolidation Caution

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DASH Consolidation Caution

 

The volume profile on DASH is not looking too hot right now and warrants caution. Even if the price does breaks upwards the chance of a hard retrace is very real at this point. If the price continues to go sideways and more buys show up then the conditions change. As of now the sell volume is in charge and needs to be respected.

 

Due to the current location of daily candles the plays seem to be, LONG above the yellow horizontal support & above the green sloping downtrend. SHORT position is triggered below the yellow horizontal line with targets around 0.015 ish and if lower then about 0.0126 ish should provide strong support.

 

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PotCoin Cash Crop

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Potcoin: Time to Exit this cash crop?

 

The reasoning that lead me to sell and call the top on BCY is the same reasoning I think Potcoin (POT) is now officially over extended. Looking at the purple support trends on the chart we can see it has shifted up 4 times, this is always the parabolic segment of the market. I also see 3 main price waves and then the current blow off top, this is always an indicator of a market in need of a correction. The recent top just tagged an upper FIB extension and the price is miles away from the moving average on the chart too.

 

Could POT keep pumping? Well, of course it can, but if I was holding I would be selling, walking away, and not worrying about it at all. If you really feel attached to the market then buy the dip, but for goodness sakes don’t let the profit get past you if you are still holding.

 

The most perplexing thing about this POT bull market is that it is happening at all! All of the hemp based coins were a big let down in April and there is no news out that could push any of these markets right now. The only thing I can think of that could even be remotely applicable is that POT is attached to an outdoor growing business. Or perhaps they are developing a business relationship with one? That would be the only logical reason for a legit POT bullmarket. Why? If they were forging new relationships then what we are seeing is a pump in price prior to the outdoor harvest season. The news would come out and the price retreats, typical crypto stuff. That theory is if this is a legit bull market, knowing crypto it isn’t, but……stranger things have happened.

 

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