Day Trader Coin (DTC): Nov 14 2014

Day Trader Coin is absolutely on fire!
Day Trader Coin is absolutely on fire!

Massive support, a 7 day bull run, and on the C-Cex “Hot Coins” list every day. This has been CSN’s go-to AltCoin pick all week. Once this is on Bittrex with the extra volume Day Trader Coin is sure to keep rising. It’s a sleeper, you heard it here first!

 

RT here and help them out:

That logo is super fresh too!

AltCoin Market Cycle

We recently discussed the anatomy of a dying coin, and today we examine the anatomy of an AltCoin Market Cycle.

The charts above show the same type of market cycle on the 1D and 1W timeframe. The pattern can also been seen on 1Month charts of very bullish coins, eg. CLOAK and KEY’s previous moves.

Most bot driven AltCoin Bull Markets have the same elements in roughly the same shape. Knowing the elements are crucial to identify where you are in the overall shape. Eg: The tip off to the markets potential, the first accumulation, and the beginning of a market cycle.

The Cycle is as defined in the charts as: 3 steps up, a blow off top, and then sell volume flashes during blow off top before Bear Market begins.

The Bear Market starts as a wedge near the blow off top, followed by 3Dragons, and finally the spike bottom be next accumulation zone. The cycle will now repeat if the price action has stayed above crucial FIB levels and retains a bullish chart pattern.

BTC-BC (Blackcoin) Timeline

New Blackcoin (BC) Trading Pairs on Bittrex

Above is a screenshot of Blackcoin (BC) and the new BC trading pairs on Bittrex, which have a noticable bias towards “Anon” feature coins. This is a clear indication of what is worth trading in the next BTC and AltCoin bubble. Though it would seem obvious that holding some BC would be advisable, it is the coins initially chosen for pairing that is intreguing.

Anon feature coins do have some of the longest lasting market pumps, and their overall value tends to trend upwards over time. This new addition makes it that much easier for market movers to accumulate coins and take to them to the BTC pairing for traditional bull market moves.

CLOAK, DOGE, DRK, KEY, LTC, RZR, XDQ, and XMR are the ticker symbols to research.

BTC-HAL (Halcyon) Timeline

halcyon_chart1

Rooting around for new Altcoins we came across Halcyon (HAL) on Bittrex. There was a high hash rate “ninja launch” on BCT, lots of rumors regarding coming tech upgrades, and the chart is flashing some signals too.

The chart shows a large spike shortly after the coin came out, it fell to safe levels, and then clear accumulation occurred. The price has been stepping up slowly. We are expecting a run at the ATH again and we expect it to break. However, this is crypto and ANYTHING can happen. We always advise caution, but this is looking like a lower risk play than some other Altcoins. This is slow dollars and not fast nickels. Happy Trading.

Anatomy of a Dying Coin

A few weeks ago I examined the anatomy of a dying coin: bull market pump followed by slow slope downwards with the odd pump thrown in. The main strategy in these conditions is drawing a channel with the Line Tool and setting buys just above the lowest trend line and sell just below the upper trendline.

CINNI

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CAIX

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XLB

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Crypto Market Trends

Bitcoin & Altcoin Market Conditions

After a sideways price action this summer volume dropped on Altcoin Exchanges in early August followed by a steep seel off that has seemed to have reached bottom on August 18. The 1D candle switch from the 18th to the 19th has seen a signifigent rally that is leading many to assume that a new BTC bubble is just around the corner.

If a new bubble is looming it is time to start accumulating Altcoins, but which ones? BTC is the king of all markets and drives the price action. LTC, PPC, & NMC are classic “Blue Chip Alts” that tend to rise with BTC. Additions to these traditional plays would be any of the “Anon” coins, with a focus on DRK if it continues it’s current trend. BC seems to have risen from the ashes in recent days with a lot of good news stories and the addition of new BC trading pairs on Bittrex.

BTC seemed to be on course for long sideways accumulation phase, but this recent flash crash is more like the last couple of bubble patterns which all started with a large shakeout before entering into a bull market.

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