CSBTC 4hIt is choppy trading in crypto markets today. The main pairs BTC and ETH are very quite. As it was expected and due to good news from the CS Team CS/BTC pair bounced back from 0.00000313 level to 0.00000350 resistance level. Technically it still seems very oversold and if 0.00000350 level is broken the next target is 0.00000400/ 0.00000420 level on the upside.
Credits
CSBTCDue to the weakness in BTC and ETH pairs, CS/BTC pair also declined below 0.00000350 level and is trading now close to April`s low at 0.00000338. Technically it seems oversold with RSI below 30.00 and no interest in fresh selling below 0.00000338. Support is pretty good there. Thus, it is reasonable to expect a bounce from the current level back to retest broken 0.00000350 /0.00000360 level.
GameCredits VS Bitcoin Might Grow Exponentially?GameCredits found the support at 10k satoshi and slowly but consistently started to move up, producing higher highs and higher lows. Price broke above the 200 Moving Average and then above the descending channel.
Currently, upper trendline of the descending channel is acting as a support and GAME/BTC could start an exponential growth from this point. The first upside target is seen at 50% Fibonacci retracement level, that is BTC 0.0010 psychological round number. It also corresponds to the previous resistance during July-August 2017. Only break and close below 10k satoshi support could invalidate bullish outlook.
LBRY Credits (LBC) - Opportunity (1590% Earnings Potential)LBRY Credits (LBC)
A new opportunity, this coin does good when it takes off. So once you join, make sure you do for long.
Buy in: 2300 - 2700
Stop loss: 2155
Indicators:
- MACD Positive divergence; never fails.
- Uptrend on all indicators (RSI, STOCH & MACD)
- Strong bounce from bottom.
* All time high 0.000382 (June 20th, 2017)
Diversify and stay long.
Remember to hold, for as long as you want.
Remember to sell, when you are ahead.
Remember to wait, when the price goes the other way.
Sell for profit.
Wait for profit.
HOLD for profit.
You wait, you win.
Patience is key.
Remember, YOU DESERVE THE BEST.
Namaste
Trade active 0.000024
LBCBTC update chance for Re-enter once againBig bullish candle marked on chart created very strong support which is nicely respected by market. In my opinion pair is going towards psychological round number which in this case is 10k.
It is very common that big bullish or bearish candles are creating support/resistance level at :
1. top of body
2. bottom of body
3. 50% of retracement from top to bottom of the body.
I think market created very good opportunity to re-enter with relative low risk.
Sell Facebook before the news is out I'm short $FB with $89 puts that expire in few weeks, $87.5 puts that expire in August and whole assortment of other FB puts. IMO this is like trading with inside information, the news is available, but hidden well in Facebooks last 10K filing in January 2015. FB says " We are being examined by the IRS" in that filing. They also say "We are unable to estimate the full range of possible adjustments" At issue is a tax loss carryforward tax credits that FB has taken but not eligible for. Evidently the IRS code says that a tax loss carry forward cannot be transferred if ownership of a corporation changes by over 50%. That happened to Facebook when it went public. So far FB has taken tax credits on $3 Billion of a $7 Billion tax loss carryforward which will be denied by the IRS. FB profits will turn into losses when FB has to restate earnings. You can find this information hidden in Notes to Financial Statements in the Income Tax section of the 10K. Technically FB indicates a sell by the Stochastic indicator and other indicators on a daily chart. The fundamental news outweighs all the technical indicators imo. Sell Facebook ASAP. Stop loss at $89.50
