FCT/XMR-comparison-with-BTC/CNY-1day-chart
Actualizado
As this is my first chart i want to map the correlation between FCT and XMR's hype with the chinese BTC spot market at OKCoin.
As you can see the DNM market announcements gave XMR a very huge boom, the retracement isn't done yet - regardless to BTCs price we will have a decrease, with some smaller spikes.
In the same time FCT made nearly similar moves, in the beginning more aggressive but then we saw full retracements - especially in the timeframe from June-July related to BTCs moves - but always a bit later on.
As we are now in BTC sideways (19.9.2016) and probably have another correction till mid or end October, I assume FCT to achieve it's ATH from March 2016 again.
When will it happen? As XMRs correction passes FCTs uptrend - around the 500-600% scale we will have a very good opportunity to get to ATH.
FCTs forecast? Depends mainly on BTCs trend. It could form a cup and handle formation, but yet it's too early to say and pure speculation. Will update the chart at least every month.
Put the fun back into banking!
Yours coinwide
As you can see the DNM market announcements gave XMR a very huge boom, the retracement isn't done yet - regardless to BTCs price we will have a decrease, with some smaller spikes.
In the same time FCT made nearly similar moves, in the beginning more aggressive but then we saw full retracements - especially in the timeframe from June-July related to BTCs moves - but always a bit later on.
As we are now in BTC sideways (19.9.2016) and probably have another correction till mid or end October, I assume FCT to achieve it's ATH from March 2016 again.
When will it happen? As XMRs correction passes FCTs uptrend - around the 500-600% scale we will have a very good opportunity to get to ATH.
FCTs forecast? Depends mainly on BTCs trend. It could form a cup and handle formation, but yet it's too early to say and pure speculation. Will update the chart at least every month.
Put the fun back into banking!
Yours coinwide
Nota
Edit:FCTs absolute ATH was 0.00869200 --- but effective ATH was at 0.00839600
Nota
Chart data from Poloniex.comNota
FCT - are the candlestick patternsXMR - red line
BTC/CNY - orange line
Nota
I forgot to mention FCTs boom - it was the announcement that chinese firm Aucun will use Factom for it's notarization processes:shop.factom.com/ancun-and-factom-inc-announce-a-mou-for-the-integration-of-blockchain-technology-and-traditional-notarization-services-in-china/
Nota
edit: XMR and FCT crossing scale in the 600-700%Nota
more Bulls got in after 488 dump and we saw a Bollinger Bands breakout to the 550ertimeframe till at least mid-October will be very fine :)
Nota
this week we saw some heavy dumps but nevertheless I am long FCT;if my chart assumption of an inverse FCT/XMR is right, we will see a good run up;
FCTs inverse reaction is, as observed a bit slow, expecting next days a high to 525-535
Nota
correction - will get to 528-550 areaNota
This was the final dump - BTC got up a bit within the channel (619-578 USD is mine);next step is a slow decrease to 600 level (likely with some small runups), a bit of sideways and then a quick BTC dump
My FCT Targets are:
1. 660
2. 750
3. ??? could outperform to 0.01 - 0.012 :)
Operación cerrada: precio stop alcanzado
omg, sorry wasn't online for a while and forgot to closewas a bad trading chart - stop loss reached
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