Alt coins getting dumped, Bitcoin soaring - Hard Fork coming
Due to the current scenario in crypto land and assuming (never assume) that after the fork people will buy back their alt coins and they will raise from the ashes they were left at, I was talking to my buddies at the Crypto Day Traders Club which coins they would buy and why. Here's a quickie on a few of my picks.
All analysis vs Tether except when indicated versus BTC (x BTC)
ETH - negative 1/x kind of curve, doesn’t look like it wants to go up too much
OMG - it is very low compared to its last ATH but question is if it will have enough strength to go all the way up or will just tank
DASH - This coin has had a lot of movement and it is not new in the market, I think just by looking at the charts that it has potential to a nice run up. 35% potential over 3 weeks (maybe now or after the fork)
LTC - did not dip too much yet but still is in the shadow of a great ATH, 84% distant from current position. Good candidate but for longer term, maybe one month or more.
ETC - is also in the shadow of a great ATH, 120% distant from it. Also not a big drastic mover so may take a long while and chances of going that high are small, but gains look very possible.
ZEC - Even not considering a shadow wick that peaked around $440, we are 45% distant from last ATH. Also looks promising to me.
XLM (Stellar Lumen) - This coin is promising big new for the next 2 months. Mobius ICO early november and it is on a downtrend after a pump. It has not been a big mover for the past few months. You may invest and your money may not move very much, or depending on the news we may have another series of pumps. To be considered carefully.
Ripple XRP - This coin always looked to me as a not big mover, just like XLM, but recently has had more movement. We are on a fall from a last week’s pump. It has room for nice growth but it’s overall downward force does not make me believe it is a good candidate.
EMC2 (x BTC) Einsteinium - This coin has been moving nicely on the past few weeks with a nice mountain up and down. Currently hitting the 78% of fibonacci on its correction it also could be a run down for hibernation. Some fundamental analysis says otherwise. Need confirmation here. Not currently a candidate unless we find nice fundamentals on this.
RISE (x BTC) - Extremely on the red area, with danger of simply tanking for a long time. Possible to change scenario? Always. Give us news that are strong enough and we may believe in you again. Currently at the edge of the Everest looking down for a huge fall followed by hibernation. Not my candidate.
AEON (x BTC) - Good movement, seems to be an active coin in a positive sense. Not currently going down (!!) Definitely one to watch.
Internet of People - IOP (x BTC) - Same as AEON. Healthy movement, currently on a green candle situation. Good watch.
NEO - Neo is a great project and has great fundamentals confirming more and more. Not a ton of room to go up for the short term, but definitely a gainer.
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BTC - 1Mi8GX4yffe7MBbmtuaFKKfzKYtj9ggfLS
ETH - 0xC25Ad8dA5B3a3FBb5fD3822df76eF8A10e155395
NEO - AcBASSHQutkRuDUWFRxy9TkQFQUTk58vFb
DGB - DUBgmJ3uQz2ChmcZ4PJRqiQcSFDf5xcDir
This is not financial advice!
Invest and trade at your own risk. NOBODY is right all the time. They only have to be right a few times and have a great strategy and risk management to make money. Be careful, invest at your own risk.
Crypto Day Traders Club
is a Facebook group I created for likeminded individuals who are serious about day and swing trades. Not a place for people looking for easy ways to make money. There people work hard to make their buck, good bucks. We share trading insights, techniques, opportunities. Fundamental and Technical analysis ideas and facts. Always backed up by accordingly explanation, no posts or comments that don't add value to the subjects discussed.
https://www.facebook.com/groups/cryptodaytradersclub/
