KNCBTC trade ideas
Exchanges got hacked again?! people loves DEX like Kyber NetworkNice risk reward trade technically, but this time I am going to throw you some backgrounds behind first.
Ever since 2013 the infamous hack, people are starting to realize that centralized exchanges are huge risk both for us and the whole cryptocurrency market.
We then experienced hack but fortunately that didn't drive them out of business, instead, they issued tokens and relieved.
And, here we are, as Forbes reported 'Crypto-Heist': Coincheck Hack Could Be The World's Biggest Ever Cryptocurrency Theft
bit.ly
534million worth of NEM gone in a matter of seconds.
Just earlier today, 10 Jan 2018, We have ANOTHER!!!!!
The wall street journal reports, Cryptocurrency Worth $170 Million Missing From Italian Exchange
on.wsj.com
170million worth of NANO this time.
ALL OF THE ABOVE will force people to look for DEX( decentralized exchanges), such as
#ico-neonexchange- * $OMG * $KNC * $BTS * BNT
PLUS, technically we have an ascending triangle shown on the chart of KNC right here.
I'm going to allocate 30% of my portfolio into this space.
***Disclaimer***
This is just a personal opinion, NOT financial advice.
Bullish on Bullish2-hour charts show a beautiful cup-and-handle beginning October of last year, and KNC broke upwards from the cup beautifully. One-hour charts show another bullish wedge within the 2-hour chart bullish wedge. Signs are good for a swing trade. I'll sell once it hits 47 and then buy back in after the dip.
Long KNC/BTCWith all the "blood" in crypto, KNC is still holding a bullish trend and is bouncing off the 50% retracement. 4HR RSI also turning positive (need to wait for closing of candle). This and the very solid fundamentals and news make this my favourite coin:
11th of Feb Mainet Pilot Launching
28th of Feb Wallet Launch
31st of March mainnet supporting trading between tokens and ETH
Its a very conservative target, this is a long hold coin for me.
Good luck
Kyber Network - The Ascending TriangleThe price movement of Kyber Network has created The Ascending Triangle Pattern and in this scenario this pattern is considered as continuation for the price action which is upwards.
MACD & RSI supports upward movement. The price has already breached resistance level few times and returned back inside the triangle leaving long wicks behind. It is important to wait for proper break out signal and that's why buy target should be set at or above of 0.000457 level which can be found at 1.272 Fib level. Stop order can be set at 0.00315 and The Symmetrical Triangle gives us target around 0.0006 level.
Before taking any trades, do your own research and measure your risks.
Educational Part:
How do you get target from this pattern?
Draw vertically a line from the highest point of the pattern next to the lowest point. The line we just draw gives us the length of the target. (Example in chart, purple lines)
Move this line to the break out point. Where the price has breached top line of the pattern. Where this line ends is giving pointers where the price might be heading to.
Trading Information for Kyber Network (KNC/BTC):
Buy: above Above 0.000457
Partial Profit Targets: 0.00053
Main Profit Target: 0.0006
Stop-loss: 0.000315
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
Stop-loss orders are strongly recommended.
Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
Do your homework before investing.
Yarr
KNC/BTC ANOTHER UNDERCOVER CRYPTO BUILDING A POSITION!Everyone is so caught up in BTC/USD (BITCOIN) slumping, or they're looking at LTC/USD (LITECOIN), or ETH/USD (ETHEREUM). I really believe you can find some good trading opportunities in some of these smaller Altcoins if you're patient enough to ride the waves. KNC/BTC is looking to be in a spot where we want to start building a position. it might not pop up higher right now but it looks like it is slowly building momentum. Here's what we're seeing:
- CUP FORMING WITH MOMENTUM MOVING HIGHER
- WE CIRCLED THE VOLUME BUILD UP THAT HAS BEEN TAKING PLACE
-WE ALSO CIRCLED A SQUEEZE THAT IS FIRING TO THE UPSIDE
All of these things are simple but fit our system for a move building up to go higher! Patience through the swings will be key! Good luck to all!
SOME BINANCE ALTCOINS TO KEEP YOU UPDATED
BINANCE:ZECBTC
BINANCE:DGDBTC
BINANCE:BCDBTC
BINANCE:MCOBTC
BINANCE:GASBTC
BINANCE:TRIGBTC
BINANCE:BNTBTC
BINANCE:GXSBTC
BINANCE:MTLBTC
BINANCE:ENGBTC
BINANCE:TRXBTC
BINANCE:SNTBTC
BINANCE:XVGBTC
BINANCE:POEBTC
BINANCE:CNDBTC
BINANCE:BATBTC
BINANCE:FUNBTC
BINANCE:CDTBTC
BINANCE:ENJBTC
BINANCE:LENDBTC
BINANCE:DNTBTC
BINANCE:SNMBTC
BINANCE:YOYOBTC
BINANCE:BTSBTC
BINANCE:CMTBTC
BINANCE:QSPBTC
BINANCE:MANABTC
BINANCE:TNBBTC
BINANCE:LRCBTC
BINANCE:OSTBTC
BINANCE:MTHBTC
BINANCE:FUELBTC
BINANCE:XLMBTC
BINANCE:RCNBTC
BINANCE:TNTBTC
BINANCE:ELFBTC
BINANCE:REQBTC
BINANCE:VIBEBTC
BINANCE:GTOBTC
BINANCE:POWRBTC
BINANCE:ADABTC
BINANCE:KNCBTC
BINANCE:LINKBTC
BINANCE:WINGSBTC
BINANCE:ASTBTC
BINANCE:ICNBTC
BINANCE:XRPBTC
BINANCE:DLTBTC
BINANCE:RDNBTC
BINANCE:ZRXBTC
BINANCE:BCPTBTC
BINANCE:AMBBTC
BINANCE:BRDBTC
BINANCE:ADXBTC
BINANCE:OAXBTC
BINANCE:STORJBTC
BINANCE:NAVBTC
BINANCE:SUBBTC
BINANCE:APPCBTC
BINANCE:BQXBTC
BINANCE:WABIBTC
BINANCE:CTRBTC
BINANCE:MDABTC
BINANCE:AIONBTC
BINA