Bitcoin made an impressive rally to 1800$/BTC. It looks like we are now at the top of a parabolic move, so I made the decision to cash in some profits and hedge a major part of my portfolio into altcoins.
https://www.tradingview.com/chart/BTCUSD/cd83OUZb-The-King-is-in-Danger/
I expect a long term bull trend in BTC this year. Language growth is stable.
The altcoins which seem to have good potential the next 2 months are Synereo AMP, Waves, Wings, NEM and TaaS.
Synereos app Qrator launches in June and i expect a test of the resistance @0,00016, probably also a test of the ATH and more upside if Qrator has good marketing and usability.
https://www.tradingview.com/chart/AMPBTC/sI2R6Tbo-Synereo-AMP/
Waves partnered up with Microsoft, so we got a nice move to the upside the last few days. I think Waves has still some upside potential.
Wings seems to be heavily undervalued. The site is very nice and userfriendly. I expect at least dollar parity. Could be possible that we see this coin at poloniex soon, I heard some rumours.
NEM has a growing user base in asia and gets supported by officials there. It has very high scalabilty and transaction speed.
The coming features of the NEM Catapult update look very promising. You can read about it on page 7 of the whitepaper.
https://www.nem.io/catapultwhitepaper.pdf
TaaS got the rating "Stable" on ICOrating.com
The fund doesn't look like a scam to me. TaaS is going to use crossexchange arbitrage and algorithmic swing trading. Funds are hedged with BTC and the fund will use part of the profits to reinvest in the fund, so profits should get bigger over time. First payouts are announced in June.
Thanks for the update. With Japan now legislating bitcoin as a legal payment method I think we are in for a ride. Cheerz
Well the japan news and the rumours about a new ETF proposal seem to have fueled the bull run, but the move is parabolic so we could see some panic selling soon. 1350 looks like a good Long.