Here's a project that's so new I can't even show you a 1-day chart. Read all about here: blockstack.org/
There's two reasons I'm interested:
1) The project's focused on decentralising the web, i.e. unstoppable websites, no government can block information as the internet was first intended. It is an opportunity to get into a project at a ridiculously early phase that has relevance for every user of the internet.
2) We're at the end of a bear market with a new project. Ethereum did something very similar when first launched to the masses, trading at the end of a bear market. What I'm looking out for is:
> Majority of trading volume is through Binance - yes
> Not a copy of any other Blockchain - yes
> Not more than 4 months old - yes
> High use case - yes
Blockstack ticks all of the above boxes. That's worth a punt in my book.
On this 4-hr chart we've now have support on the upper Bollinger Band with re-tracement fast approaching .78 Fibonacci level.
There's two reasons I'm interested:
1) The project's focused on decentralising the web, i.e. unstoppable websites, no government can block information as the internet was first intended. It is an opportunity to get into a project at a ridiculously early phase that has relevance for every user of the internet.
2) We're at the end of a bear market with a new project. Ethereum did something very similar when first launched to the masses, trading at the end of a bear market. What I'm looking out for is:
> Majority of trading volume is through Binance - yes
> Not a copy of any other Blockchain - yes
> Not more than 4 months old - yes
> High use case - yes
Blockstack ticks all of the above boxes. That's worth a punt in my book.
On this 4-hr chart we've now have support on the upper Bollinger Band with re-tracement fast approaching .78 Fibonacci level.
Note
At last a one day chart, with RSI indicating oversold conditions and Stochastic RSI now showing momentum to the upside.Note
Terminator says... Get out.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.