Analysis Analysis: Dash, Ethereum, Iconico, Litecoin, Augur, Bitcoin, Monero, Stellar Lumens, Ripple, Zcash Published 1 year ago on May 24, 2017 By Jim Fredrickson DASH Dash has had a great couple days, but is no within sight of a 3rd arc pair at ~$150. Likely will correct soon. Ethereum Classic ETC has also had a great few days. A 5th arc pair is nearby at ~ $14. It may be late to chase this one also. Ethereum ETH, like the preceding coins, has had a great few days, but is now within eyesight of a 5th arc pair at ~$180. It seems a bit late to chase this one also. Iconico ICNETH rallied as soon as it exited the 2nd arc pair. I tweeted this breakout at the time. It looks like it has some more upside to go. Might be a good trade opportunity still. Litecoin LTC found support at a Gann angle. I tweeted this support at the time. Targets are 3rd arc pair at $37, and then the 5th arc pair, $57, if the 3rd arc pair falls. Augur REP has been a sleeper that went vertical the other day. It is poised to rally back to the 5th arc pair at ~ $40. Might be a good trade opportunity. Bitcoin XBT just keeps on rolling past every resistance in it’s way. It corrects where it should, but the corrections are always short and shallow. After adjusting my scale, the next serious resistance seems to be at a 5th arc pair at ~$2500. Pretty round number… Stellar Lumens XLM has gotten through the arc that stopped its advance a few days ago. A rally to ~ .075 seems likely. This might be a good trade opportunity. Monero XMR has done well the past few days. It is facing a 4th arc pair which will likely cause it to correct. But the 5th arc pair is a better target at ~ $70. This might be a good trade opportunity. Ripple XRP broke free of the arc that had held her for a few days. I tweeted the breakout. But though the rally that followed was sweet, the correction seems deeper than I expected. I’m not sure I’m comfortable with being long here. If you are long watch this carefully. Zcash ZEC corrected hard following its dramatic rise. This might be a good trade opportunity. The 5th arc pair is way up by $350. Remember: The author is a trader who is subject to all manner of error in judgment. Do your own research, and be prepared to take full responsibility for your own trades. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Jim Fredrickson 5 stars on average, based on 2 rated postsJim has an MBA from the University of Southern California. He has had a long career in both Corporate Finance and IT. Along the way he discovered that trading was a vehicle with great promise, but struggled for a long time without a mentor. After having been knocked down many times and having struggled to get back up, he had an epiphany and realized that geometry was a solution. He shares his experience here. If you do well as a result of suggestions made here, feel free to say thank you :) BTC: 1FUq3GB1Q8zz2JpuBr7YHzVBKnaWoxgmya Follow him on Twitter (@jimfred1276) or email him at jimfred1276 at gmail. Follow @HackedCom Feedback or Requests? Related Topics:BitcoindashethereumEthereum ClassiciconicolitecoinMonerorippleStellar LumensZcash Up Next Bad at Math Don't Miss BREAKING: Bitcoin Miners Reach Scaling Agreement for SegWit Upgrade + 2MB Blocksize Increase You may like Ether Price Eyes Potential Upside as Foundation Awards $3 Million in Grants Crypto Update: Altcoin Market Cap on the Verge of Trend Reversal Crypto Update: Sideways Drift in Cryptoland Trade Recommendation: Dogecoin “Mass Adoption is the Direction Things Are Taking” – Lionel Wolberger, CTO and Co-Founder of Platin Litecoin Price Analysis: LTC/USD Bullish Daily Close Leaves the Door Open to Another Potential Squeeze Higher 23 Comments 23 Comments leveler May 24, 2017 at 8:07 am So Which coin is the best for short term investment between Augur and Stellar Lumens? Log in to Reply chorez May 24, 2017 at 7:58 pm Augur is kind of low volume at the moment and stellar actually fell back into the resistant zone. I think monero will have the major spike today. in 3 hours there is a major announcement coming https://twitter.com/fluffyponyza/status/867362460797480961 Log in to Reply leveler May 25, 2017 at 1:31 am Monero have a major announcement? I bought Monero. How do you think about Monero? Is this bounce up or not? 🙂 Log in to Reply chorez May 25, 2017 at 1:58 am Announcement was already made. It was a scam pretty much. https://twitter.com/fluffyponyza/status/867514780617236480 . He wanted to wake up all hype driven investor. Thats why there ware the huge dip at 7 PM (new york time ) Log in to Reply leveler May 25, 2017 at 2:08 am So how do you think about Monero? Monero will be recovered their price? 🙁 Never bounce up again? I need stop loss? chorez May 25, 2017 at 2:17 am I don’t know. My trade was news driven… I lost some, but could sell early and then shorted. I think it could take a long while to recover. I’d cut my losses. Sorry Log in to Reply birmas May 24, 2017 at 8:57 am Is there an article here that details what the arc pairs are all about? I can’t find it in the tutorials area. Log in to Reply Ralazo May 24, 2017 at 9:14 am Jim. Thanks for your analysis. I hope you can be more active on Twitter with proper buy or sell signals. Thanks! Log in to Reply kamelsf May 24, 2017 at 10:37 am Hi, I’m new in here (I’m a newby ), I really like your blog, thank you to share some tips with us, this is a great blog. The arc you drawing in your analysis charts to make your predictions, is it the Fibonacci Arcs method ? I just like to know the name of this method to try to learn by myself 🙂 Thanks again 🙂 Log in to Reply Noor Sale May 24, 2017 at 11:02 am best signals I have ever seen Iwish you show time Log in to Reply miguelangmoli May 24, 2017 at 4:03 pm hello comments on ETC? It seems it’s trading at 24$ in Korea, but on bitfinex it seems is returning back to $14. Please advise. Log in to Reply Jim Fredrickson May 24, 2017 at 10:55 pm If it were me, I would just trade on one of the big exchanges and not be messing around with a small regional exchange, unless it was to take advantage of arbitrage opportunities. (Sell at $24, buy at $14 at the same time.) Log in to Reply Jeremi Fisher May 24, 2017 at 5:02 pm I been buying/mining Monero for a while. I still see Monero getting to a $2 billion+ cap. Thoughts? Log in to Reply Jim Fredrickson May 24, 2017 at 10:51 pm All I can say is “wow”. We have passed a tipping point, haven’t we? Log in to Reply Ershad May 24, 2017 at 11:36 pm Hi Jim, I made a mistake and bought XRP at 0.34, do you think that the price is going to fall even further and I should sale to cut my losses or is there another spike coming ? Thanks Jim Ershad Log in to Reply Jim Fredrickson May 24, 2017 at 11:40 pm imho, buying at .34 was not a mistake. It feels bad at the moment, but 3 weeks from now (again, imho) you will be bragging to your friends that you bought at .34. I am buying at these prices still. We will see… Log in to Reply leveler May 25, 2017 at 1:45 am Hi Jim, How do you think about Monero after Announcement? Almost people told XMR is dead. I need your advice. Thanks! Log in to Reply miguelangmoli May 25, 2017 at 3:01 am hi Jim, I also did the mistake of having bought news on Monero, and I’m -12.000 USD on Monero, and I don’t know if I should keep it and if it would drop much more, because I thought it was over, but it seems it can still go down. Regarding zCash, and Ripple at 0.3$, do you find it a good trade opportunity? Regards, Mike. Log in to Reply Jim Fredrickson May 25, 2017 at 8:49 am I like ripple more than Zcash. But opinions differ on this point. Log in to Reply miguelangmoli May 25, 2017 at 3:11 am Hi Jim, Thank you for all your help, I was able to remember your words and try to analyse the situation even on a “desperate” situation, and what I found is that I’m going to do a great trade with Monero. As we can observe, the buy side is really strong while the the sell side is almost clear until 70+, which makes me believe that this is a whole strategy to liquidate margin calls and weak hands. https://gyazo.com/32ef04515113c6d0588ee26a007f9912 Log in to Reply Ritesh Sheth May 25, 2017 at 5:57 am should I buy Ripple (XRP) to trade for short time 0.24, I have already brought few for 0.29 Log in to Reply amirheavy666 May 25, 2017 at 7:46 am Hi jim what’s happen for market … all of investor zoom in bitcoin ??? now sell all other altcoin or wait ????? the market was 91B$ and went 86B$ and after all altcoin had decrease and bitcoin had more increase what’s happen? any news? Log in to Reply Jim Fredrickson May 25, 2017 at 8:47 am Yes, it feels like bitcoin is getting all the money and attention the past few days. But that won’t last much longer. Bitcoin is hyper-extended and ready to fall over. Log in to Reply You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment. Altcoins Why Would Anyone Have Faith In Tether? Published 4 hours ago on October 17, 2018 By James Waggoner I don’t want to get sued for slander so let me explain the reasoning beyond today’s title. After all of the turmoil surrounding Tether on Monday, how can the price be anywhere near the $1 parity level with the US dollar? After more than a year, how can anyone have confidence in Tether and their common law partners Bitfinex when, for example, Circle, backed be the highly respected Wall Street giant Goldman Sachs offers an alternative? We should also mention that Circle is just one of many so called stable coins. It isn’t hard to find a list. Exchanges are feverishly adding stable coins. Singapore based Houbi is adding Paxos Standard Token (PAX), True USD (TUSD), Circle (USDC) and Gemini (GUSD). When Stable Coins Cause Instability Well, the evidence is mounting as the months move along that so called stable coins can have the power of creating anything but stability. This week’s experience with Tether, Bitfinex and the price explosion of Bitcoin demonstrates that there are still dangers lurking. This is why trust is important. Monday’s gyrations were not the first questionable moment for Tether. The coin, which gains its intended stability by being tied on a one for one basis with the US dollar, has been the subject of questionable behavior all year. As far back as January trade sources were expressing concern the Tether was responsible for last December’s major price bubble in Bitcoin. The frenzy over Bitcoin set off speculation across the entire crypto spectrum. But that was just the beginning. In June Bloomberg reported on a paper by John Griffin, a finance professor at the University of Texas, that among other things claimed 60% of last year’s price move in Bitcoin was the result of manipulation surrounding Bitfinex. That directly implicates Tether. Using algorithms to analyze the blockchain data, Griffin’s team found that purchases with Tether were timed following market downturns and result in sizable increases in Bitcoin prices. Less than 1% of hours with such heavy Tether transactions are associated with 50% of the meteoric rise in Bitcoin and 64% of other top cryptocurrencies. These findings prompted the US Commodity Futures Trading Commission to step in with a series of subpoenas. Tether’s coins had become a popular substitute for dollars on cryptocurrency exchanges worldwide, and for good reason. They are anonymous, closely tied to the value of the US dollar and can be used in exchange for Bitcoin, Ether or about 10 other cryptocurrencies. Tether is closely associated with Bitfinex, with whom they share common shareholders and management. Bitfinex has offices in Hong Kong but it is legally headquartered in the British Virgin Islands. In May they announced plans to move to Zug, Switzerland. Bitfinex has a sorted history of poor security, having lost nearly $100 million worth of Bitcoin from customer accounts. Moreover, while claiming to have total one for one US dollar backing for each Tether, real proof is absent. Further Evidence of Manipulation Over the course of this year, as we have gathered digitally to witness the loss of nearly $600 billion in crypto value, everyone has been looking for the culprit. When I first read of some of the academic studies that blamed the advent of futures trading on the CBOE, I laughed. Honestly, I believed the real cause of the rise and fall of crypto were a well connected group of billionaires that together had the power to move markets. Well the folks at Chainalysis have just produced some surprising research results. Their Blockchain Intelligence Platform powers investigation software for some of the world’s top institutions. These guys don’t do surveys, the have their hands on big data that is able to detect some interesting stuff. Chainalysis released a new report last week showing that the so called Bitcoin whales are not responsible for price volatility. The study examined the 32 largest BTC wallets, which reportedly represent 1 million BTC, or around $6.3 billion. That is a pretty solid sample size. The data revealed that the BTC whales are do not act in concert with one another. In fact not only are they a diverse group but about two thirds behave like longer term investors. Instead of being FOMO (Fear Of Missing Out) types, on net they have traded against the heard buying on price weakness. Putting The Pieces Together The crypto world is bombarded with globally generated news on an hourly basis. But what does all of it mean anyway? Hopefully this article adds some perspective on what and who has been responsible for the direction of crypto prices over the past year. As more of these weak players are identified and depleted of their business, real investors will have the confidence to return to the market. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... James Waggoner 4.4 stars on average, based on 113 rated postsJames Waggoner is a veteran Wall Street analyst and hedge fund manager who has spent the past few years researching the fintech possibilities of cryptocurrencies. He has a special passion for writing about the future of crypto. Follow @HackedCom Feedback or Requests? Continue Reading Altcoins EOS Price Forecast: EOS/USD Heading for Another 300% Move? Published 7 hours ago on October 17, 2018 By Ken Chigbo EOS/USD price action via the 4-hour chart view has formed a bullish flag pattern. The price is moving around levels seen back end of March to early April, before a bull run of over 300%. The past six sessions for EOS/USD have been erratic to say the least. It has been subject to a high amount of volatility, swinging aggressively in both directions. There has been a lack of commitment from either the bear or bull camps of late. As the market continues to trade with such behavior, it appears to be trying to find its feet, ahead of a potential chunky firm trend. EOS DApp Hacked Again An EOS based gambling DApp, EOSBet has been hacked, with $338,000 being reported as stolen. This isn’t the first time; just back in September, hackers managed to get away with a reported 40,000 worth of EOS, which at the time had a value of $200,000. It has been said that they were able to exploit their smart contracts, having found security vulnerabilities. Technical Review – 4-hour Chart View EOS/USD 4-hour chart EOS/USD price action has formed a bullish flag pattern, which began taking shape on 15th October, after the aggressive price behavior stabilized. The bulls at the time ran the price well up into $6 territory. Consequently, it then met the breached ascending trend line, failing to move back above this area. This followed the sharp breakthrough to the downside, which occurred on 11th October. As a result, a drop of over 15% was seen, forcing EOS/USD to retreat in a demand area, within the $5.0000 level proximity. Looking to the upside, small near-term resistance is seen at around $5.6100, which is the upper trend line of the mentioned bull flag pattern. A breakout will likely open the doors to a retest of the broken ascending trend line, tracking around $6.1100. Support can be eyed at $5.4600, which marks the lower trend line of the flag. Furthermore, should this fail to hold, EOS/USD could likely fall back down to the serving demand area, within the lower $5.0000 territory. April 2018 Bull Run EOS/USD April bull run In April of this year EOS/USD entered a chunky bull run, gaining over 300%. From the back end of March until 11th April, the price had been stuck within consolidation mode. Resulting in the price trading within a tight range, at levels of where the price is currently seen today. Something quite astonishing started to unfold. Between the period of 11th April to the 29th April, a bull run of around 290% was seen. Over this time frame EOS/USD went from $5.9500 up to a high of around $23.0811. The price is currently demonstrating a similar behavior to that of what was seen during the mentioned period. It is interesting to note that the price did have historical levels to break through, as it had already run higher during the period of December 2017 and came back down. Finally, this is not to say EOS/USD will observe the same bull run. However, it is an interesting observation to be aware of. Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Ken Chigbo 4.5 stars on average, based on 30 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets. Follow @HackedCom Feedback or Requests? Continue Reading Analysis Pre-Market Analysis And Chartbook: Risk Assets Under Pressure as Fed Minutes Loom Published 7 hours ago on October 17, 2018 By Mate Cser Wednesday Market Snapshot Asset Current Value Daily Change S&P 500 2,789 -0.98% DAX 30 11,715 -0.52% WTI Crude Oil 69.79 -3.27% GOLD 1,229 0.13% Bitcoin 6,429 -0.49% EUR/USD 1.1528 -0.38% While yesterday we saw a huge oversold rally in equities, with the help of positive corporate earnings, the easing of the US-Saudi standoff and the stability in Treasury yields, today investor sentiment shifted yet again. Negative news regarding the US-Chinese trade war, which is very likely to intensify before the US midterms, dismal European car sales, and continued worries with regards to the Italian budget and the Brexit process all acted as bearish catalysts. DAX 30 Index CFD, 4-Hour Chart Analysis Although European markets followed the lead of Wall Street and rallied today in early trading, the major indices are already well below their intraday highs, after turning back from the first levels of resistance. The DAX ran into resistance near the 11,850 level, below the crucial 12,000 level that could be the line-in-the-sand in deciding the long-term outlook going forward. The German benchmark, the FTSE 100, and the EuroStoxx 50 are all in strong declining trends, and with the most important Asian markets also under strong short-term selling pressure, the US markets have a steeper and steeper mountain to climb should they resume the bull market. Nasdaq 100 Futures, 4-Hour Chart Analysis The Nasdaq opened slightly below yesterday’s cash close, underperforming the Dow and the S&P 500, and since then sellers have been in control of the market. The Russell 2000 that has been showing the way for the broader market lately is deep in the red as well, and we still think that risk assets are facing a prolonged correction if not an outright bear market. Treasury yields are stable before today’s most important release, the minutes from the Fed’s latest meeting, but the dynamics of the quantitative tightening (the shrinking balance sheets of the global central banks) are likely behind the faltering of global risk assets. VIX Pulls Back as Dollar Attempts Rally VIX (US Volatility Index), 4-Hour Chart Analysis The US Volatility Index fell significantly amid the bounce in stocks, hitting the key 17 level yesterday after plunging below 20, but the chart of the measure still confirms the regime change that would be consistent with a prolonged bearish period. While the bounce could still continue, forming a more complex pattern, the volatility-conditions could very important to judge the stability of the market. EUR/USD, 4-Hour Chart Analysis Forex markets continue to experience heavy trading, and today the US Dollar is trying to gain back momentum after its recent correction. Although the worse than expected housing data (building permits and housing starts both missed expectations) could have been bearish catalysts today, the Greenback held on to most of its early gains. Should the reserve currency form a swing low and continue its broader rising trend, emerging markets could be back in the crosshairs, and risk assets would face another problem. All eyes are on the support zone near 1.15 in the EUR/USD pair, as a move below that would be a bullish sign for the USD, and it would warn of a test of the August low near 1.13. ChartBook Major Stock Indices S&P 500 Futures, 4-Hour Chart Analysis Dow 30 Futures, 4-Hour Chart Analysis FTSE 100 Index CFD, 4-Hour Chart Analysis EuroStoxx50 Index CFD, 4-Hour Chart Analysis Nikkei 225 Futures, 4-Hour Chart Analysis Shanghai Composite Index CFD, 4-Hour Chart Analysis EEM (Emerging Markets ETF), 4-Hour Chart Analysis Forex USD/JPY, 4-Hour Chart Analysis GBP/USD, 4-Hour Chart Analysis EUR/GBP, 4-Hour Chart Analysis AUD/USD, 4-Hour Chart Analysis Commodities WTI Crude Oil, 4-Hour Chart Analysis Gold Futures, 4-Hour Chart Analysis Copper Futures, 4-Hour Chart Analysis Featured image from Shutterstock Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Mate Cser 4.6 stars on average, based on 378 rated postsTrader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market. Follow @HackedCom Feedback or Requests? 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October 17, 2018 Pantera Capital’s CIO Predicts 10x Growth in Next “Huge” Crypto Bull Run October 17, 2018 Oil Prices Drop amid Large U.S. Stockpile Accumulation, Saudi Backlash October 17, 2018 EOS Price Forecast: EOS/USD Heading for Another 300% Move? October 17, 2018 Pre-Market Analysis And Chartbook: Risk Assets Under Pressure as Fed Minutes Loom October 17, 2018 Ether Price Eyes Potential Upside as Foundation Awards $3 Million in Grants October 17, 2018 Crypto Update: Altcoin Market Cap on the Verge of Trend Reversal October 17, 2018 A part of CCN Hacked.com is Neutral and Unbiased Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. 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