CryptoThoughts Oct 20 2017
Wow, it's been a while since I've posted my thoughts. What can I say, I'm still a fan of WGR, I'm still a fan of ZEN and privacy, and I still like DCR. My blockchain adventure has been very active, I've been putting about 4-6 hours a day learning about the crypto sphere. Ok in this article I'm going to be talking about two lesser known crypto's that I think are under the radar.
First one, eBTC; https://coinmarketcap.com/currencies/ebtc/
Pros;
- erc20 token, which means huge interoperability within the EVM (ethereum virtual machine)
- eBTC which means, it mimicks bitcoin, yet it's on the ethereum network
- smart-contracts, so now imagine bitcoin with smart contracts, yea that's pretty powerful
- there will only be 21 million ever, just like bitcoin so scarcity. This is huge, when we're talking about a coins potential.
- fees, yea since it's an erc20 coin, whenever you are sending from a wallet, the fees will always (correct me if I'm wrong) be paid in ethereum gas.
- in early, these are the type of investments you make 50 to 200 baggers on. the market cap is only 4.7 M right now. Crypto world hasn't talked much about this one.
Cons;
- Website is kinda poorly done.
- ETH and BTC already exist
- Team may or maynot be excellent
- Website has no integration; no names, no whitepaper.
And finally;
ChainLink; https://coinmarketcap.com/currencies/chainlink/
Ok this is more of a swing trade opportunity then a long term investment. I have only read the website and a small introduction to the project in the whitepaper. So take this with a grain of salt, but I like the trade.
https://imgur.com/a/lH2Yo
This graph is a 4h chart, as you can see, the red lines are resistance lines. Consider taking profits there. How you exit is up to you, but there may be breaks in the next trend there. (the trend line is blue)
https://imgur.com/a/Jb3s8
This is the trend line, on a 1h chart, with RSI and Stoch RSI indicators, as soon as this baby passes the blue trend line I'm in.
https://imgur.com/a/YW9PH
This is the same graph as above, but with a blue 7day MA(moving average) and an orange 14 day MA.
This is a high risk, trade. Do your own DD. A lot of factors come into play, I personally think that people are over excited for the BTCG, and are selling a lot of alts they don't understand. CL being one.