My Speculation Thread (Charts and Analysis Included ;))

[dissident]

There's nothing you can't short to make money now, although the only coin I would not short is LTC.  Nice thread, BTW.  How are you shorting? I've never investigated doing it. Poloniex?  I don't really short stock much less cryptos because the max amount of profit you can make is 100% and it can blow up on you if the trade goes the wrong way, plus the fact in the long run everything goes up due to inflation, shorting for anything other than swing trading is risky, like buying leveraged ETFs which have built in decay... in the crypto space 'only' a 50 or 100% gain is a yawner for me.  I'm not happy unless I have a 3 to 10 bagger.

[STT]

Shorting would be a good option if you think dollar strength will become apparent here.    I had a quick look at the ETH chart and I think it could find support short term and that reaction will be better data to judge a longer term opinion ETH direction on. 
I do think bitcoin itself seems to give alot of direction to the various alt coins even with ETH, its like a tide coming in and out.

Im not aware of fundamental changes for ETH that'd lead it down so severely

[tokeweed]

There's nothing you can't short to make money now, although the only coin I would not short is LTC.  Nice thread, BTW.  How are you shorting? I've never investigated doing it. Poloniex?  I don't really short stock much less cryptos because the max amount of profit you can make is 100% and it can blow up on you if the trade goes the wrong way, plus the fact in the long run everything goes up due to inflation, shorting for anything other than swing trading is risky, like buying leveraged ETFs which have built in decay... in the crypto space 'only' a 50 or 100% gain is a yawner for me.  I'm not happy unless I have a 3 to 10 bagger.

Poloniex has a list of cryptocurrencies allowed for short selling under the margin trading tab.

I chose to short ETH and XRP specifically as both are extremely overvalued due to the recent pump.  Eventually it has to dump and that's what we're seeing.  Another one I'm excited to short is Dash, but it seems to be doing it's own thing right now and surprisingly doing well.  I expected XMR should be doing that tbh, not Dash.

And if 50% and 100% gains are a 'yawner' for you then it means you don't put enough money in it or your bankroll is small.

[tokeweed]

ETC/BTC:  Sorry, I Short Now



A couple of months ago, I had the idea that I would hold ETC for the super long term like what I'm doing with BTC, LTC and XMR right now.  But dunno, sometimes the act of doing a trade (be it a long or a short) is just much more fun.  So yeah, shorted ETC at that circle drawn on the chart.  Sorry ETC fans.

[tokeweed]

Out With the Old and In With the New



With my shorts (ETC, ETH, XRP) doing good so far, I haven't been looking into going long since the most sensible thing to do right now is to hold Bitcoin.  BUT, I have been looking into the new tokens that are being traded at Bittrex.  The old ones are taking a beating right now.  Time for some newly listed ones to trend...

The pic above is my new watch list.  Let's see who breaks out first.

FYI, I'm not holding any of them in that pic except for BTC.

[tokeweed]

Hey guys, some of the coins (or tokens?) in my new watch list are finally moving.  I got in on CFI and BAT and added PTOY in my watch list.  I hope I won't jinx it.  Lol.

But yeah, imo, it could be a good time to place your bids on those two mentioned.  Will post charts later...

[tokeweed]

CFI/BTC:  It's the Stage of Accumulation, Why Not Accumulate with Them?



I noticed CFI when there was two days of significant volume with some pumpers trying to pump it as high as the can but only to be stumped probably by whales trying not making it break the slow smooth start of a trend.  I have witnessed it on Bittrex when the price suddenly moves up quickly and I saw two very large sell orders to discourage the pumpers from messing around.

I concluded that some whales must be accumulating this.  So decided to make a couple of small bids and see where it takes me.  I suggest you guys make bids a tad lower than the current price rather than a straight market order for two reasons.

1.  It doesn't upset the traders accumulating it.
2.  You get a better price on your trade.

[tokeweed]

PTOY/BTC:  Possibly a Good Time to Buy



No idea why and no idea how, but PTOY could be starting a trend going up.  So start bidding now and enjoy the ride and get a chance to make some BTC.

Edit:  I have heard some rumors that PTOY is having some sort of partnership with Dash.  But whatever, just concentrate on the price and have an exit plan in place.  Everything else is just noise.

[tokeweed]

I just noticed BAT is starting to look like a good buy just right about now.  I would start bidding now if I were at home in front of my laptop right now.  

I will post a chart later as soon as I get home.  I hope there's some left at this level by then.

[yunuzov]

First of all very helpful thread mate, keep it up! I'm kinda new to trading so i like this kind of threads with info. I will check here time to time learn from the analysis , thank you. 

[tokeweed]

Looks like the whole market isn't good at the moment.  Everything that I though is a break out were all fake outs.  I'm holding everything in Bitcoin right now, except for a few long term alts that I have been holding.

[tokeweed]

ARDR/BTC:  Gamble Gamble?  Yes, But Put a Stop Loss.



My first trade in a while.  My fingers were really itching for this one.

Anyway, this could be a breaking out guys, so it might be a good idea to place a small bet (if you want some profit ).  ARDR has been going sideways for over a month and that's a good sign.  It means there are no more sellers at the current range willing to dump at these prices.

The slight price increase could be a sign that the bulls are coming back and that things could start getting rosy.

Good luck.

[tokeweed]

It's nice to see ARDOR still doing ok.  I almost thought that I jinx my trades every time I share them in this thread.    Speaking of which, did you guys buy ARDOR yesterday?  Just wondering if I have actual readers in this thread.  Sometimes it feels like it's pointless sharing my thoughts here.

Anyway, good luck nevertheless.

[adsdas]

anyone here want take a look at LUN chart and NEO chart. LUn can reach 9$ again then get 5% easy. maybe 10%

[treepixel]

It's nice to see ARDOR still doing ok.  I almost thought that I jinx my trades every time I share them in this thread.    Speaking of which, did you guys buy ARDOR yesterday?  Just wondering if I have actual readers in this thread.  Sometimes it feels like it's pointless sharing my thoughts here.

Anyway, good luck nevertheless.

Been holding since about 3200 sat. Saw the price yesterday and wondered whether it's still a good time to buy more. There's also the monster sell walls on bittrex keeping the price above a certain point (4750 & 5000 sat).

[tokeweed]

XLM (STR)/BTC:  Breaking Out?



First of all be careful.  Try getting in with a smaller position size than you normally have in the past so you could set a wider stop loss.  I've seen a lot of 'break outs' turn to fake outs and XLM/BTC could be one of them (again).

Anyway things are starting to look good chartwise with Stellar.  I hope this is it and the other alts start to follow.  Another peculiar thing I've noticed is it's not following XRP's price anymore.  The partnership with IBM could finally give Stellar its own mark in crypto.

[WildJippy]

Jumped in XLM last night, so I'm quite happy to see you posting this. Thanks, much appreciated you sharing this with us!

[tokeweed]

Hey guys, check out Bcash.  It's poised to breakout anytime now.  If you see it go over .08 BTC or so, it looks like it's gonna be a strong one.  I'll post a chart later as soon as I'm home.

Kinda makes you think if alts start going on a bullish trend again... 

[nhote]

Hey guys, check out Bcash.  It's poised to breakout anytime now.  If you see it go over .08 BTC or so, it looks like it's gonna be a strong one.  I'll post a chart later as soon as I'm home.

Kinda makes you think if alts start going on a bullish trend again... 

thanks for call - it was super spot on.

[tokeweed]

Well, at least the Bcash trade is still looking good.  I'm still down the last couple of months from making these small trades.  Keep that stop loss handy folks, and always, ALWAYS follow it.  No ifs, no buts.  That way, you keep your losses small and that makes it easier to get back to even.