$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.

 

Charts are powered by the SCMR Analysis Suite on Tradingview.com

June 16 2016

BTC BITCOIIN

Bitcoin (BTC)

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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

 

Ethereum (ETH) to BTC Bubble Comparison

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Click Chart to Enlarge

Ethereum / Bitcoin Comparison

Here is a recap of this fractal again and what to expect through out June. We have been trading this for a while now, so until the fractal is invalidated it’s best to assume it will continue isn’t it? I think so.

The only real way to invalidate it is for the price to breakout above the white wedge the price is currently trending inside of. Other than that I think the picture tells the tales of highs & lows better than I can describe it.

 

Charts are powered by the SCMR Analysis Suite on Tradingview.com

June 1 2016

 

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