Hey Steemians, as you may have noticed Bitcoin has broken out of the cloud to confirm that the market sentiment is still upward. On the 6hr time frame, when looking at the stoch rsi indicator we are in the oversold area indicating that a retest of the cloud to confirm it as support would be a healthy one.
6hr:
One of my friends recently told me that Antshares is apparently extremely popular in China, so I headed over to Coinigy to take a look at the Bittrex chart and it looks pretty good to me, seeming like its gaining support for a good break upwards, soon. I haven't yet looked into the coin decently to know a lot so fundamentally I don't really know anything other than 'hearsay' that 'it is the ethereum of China and the Chinese government has already embraced it'. This being said, it took a good retrace from a massive rise up and is coiling up for its next leg. I will set my stop loss at break even (0.000316) once we are trading comfortably above the entry. The 6 hour looks strong with much more potential for growth before any needed breather as indicated by the stoch rsi.
6hr:
On the daily we just crossed on the stoch rsi indicator, indicating to me that the market could very well be ready and have the strength to begin pushing the price up for the next few days. I'd like to reiterate that I feel this is a risky trade, so my stop loss will be at break-even. I'll update you on the project with a post soon!
1day:
I hope you have a wonderful day! Trade safely and move what you can't loose to a hardware wallet for safe-keeping.
Peace, Love and Light.
Mark
Nice post! I also bought some AntShares and hope it will rise soon!
Thank you @anforo I think a minimum 100% within the next week or two seems likely but I want to see the 24h volume be more than more than 5% of the total market cap... :)
Thanks Mark. Great post mate.
I would also look to economic figures in China like the Caixin China Services PMI due to be released in 17 hours.
A bullish reading here combined with returning confidence in the wider crypto-economy definitely could indicate a strong week ahead for the Chinese led Antshares (NEO) .
You're welcome bro, I'm glad I could help :) Thanks a bunch for the info, I had to idea It seems in general that we have just entered, or are about to enter the next market cycle with a lot of coins.
I'm stoked with the way the market is shaping up this week. Looks nice. I like verge on the back of some developments scheduled for July. Loving the masternode coins too (PIVX EXCL DASH etc.). How about you, any other favorites?
So am I :) Yeah I can't wait for the Verge mobile wallet to be released!! I'm eying cloak coin right now (will make a post about it). I'm buying the dips on that one as people have realized that they have already reached their total coin supply :) Ethereum Classic is another favorite!
Yeah dude I posted about Ethereum classic at around $17.80. I haven't even checked it for a while. That's one is a long term bag. A few ambitious profit targets in case we get those parabolics.
A little upvote for the tip on Cloak. I'll go check it out....... try to get in before your article influences the market. lol.
I don't know if I'll buy yet but I appreciate you giving me a lead on a coin to check out. Too many currencies to keep on top of alone.
Yeah I'm not letting go of much of my positions, just enough to build new ones. Most of mine are long term, even if its just ten percent of the original positions. Thanks man, cloaks is anon, so I love it inherently, their development is also on point so I figured I'd start grabbing them before their value goes banans when the masses arrive. Indeed too many so a little bag here and there doesn't hurt :)
A fellow accumulator, nice. I literally just went and put in a few cheeky buy orders.
Very small amounts until I've researched for myself, but it's coming off some pretty solid lows now, so a pretty safe bet and only a small one so no big deal if it doesn't hit...... just a thank you if it does.
Funny I am looking at the same coins this morning (steem & antshares). Great to compare notes & trading levels :) -cheers
haha awesome :) my room mate thought he had told me a while back about Antshares but I must have forgotten, so I only just purchased some recently but I'm enjoying the positive sentiment from China! :)
Hope we are not looking into buying because of a pump and dump scheme LOL. That is why I find it good that you mentioned to do your due diligence before jumping in. Looking forward to more of your analysis -cheers!
Yeah that is why I will be trading with stop losses at break even to secure my investment once we see major positive price movement. Thanks for stopping by @architrader :)
Thanks for sharing this! I just upvoted you
Thank you kindly! :)
welcom
i am into antshares aswell. Its been accumulating for couple of days. Well it can go up or it can go down too.