Altcoins: TRC and BAT
Hello Everyone,
A shout-out to everyone who's voted, commented and/or reminded any of my posts or blogs. I greatly appreciate your time and I do what I can to give back as well.
You should check-out @sameerBTC 's post on the Trezor v Ledger. It is a good read.
The Case for TRC
Here is a quick MACD RSI case for TRC. Reviewing the data on SouthXChange we have to accept that the history isn't there. Therefore, any accurate trending is difficult and risky.
That being said let's look at the history.
What we are looking at are three charts, Volume, MACD and RSI. Simply, MACD is a moving average that uses a signal line and a MACD line. The time they spend apart from each other, when they cross over on the positive and when they cross over on the negative each have a built-in meaning. We can help ourselves out by view the RSI. This measure shows the price comfort zone between a low and a high.
The combination let's you know good buy times, good sell times and good times to hold. This isn't full proof but a widely used method nonetheless.
What we see above is how TRC is behaving in the market created for it by SouthXChange.
My theory is that some bot was trying to kick start bull runs to scrape pennies and then exited when it failed. This failed because the price comfort zone was holding and people weren't reacting to the volatility.
When the MACD line crosses the signal line on the negative we are seeing the computed time to sell. In theory you should see the RSI above the comfort zone showing that it has been overbought. When they exited they left the coin in a perfect buyers market state.
Now the frequency of the MACDs and the various twitches of RSI can get complicated. So we'll leave those for another day. Checkout Investopedia for terms and basics; a very useful site for acronym searching.
You can see on this recent zoom in a drop on the price comfort zone. I bought at the 581. Why did I pick that? Look at what's happening to the MACD and signal line v the comfort zone
The signal for the end of the bull had already occurred and we see them drift but not crossing. Then the MACD dipped. We can see the price comfort zone being low as well. 581 was my choice cause it was right around the middle and of course there was already a sale at that price. Easy click and low risk buy (given our previous statement of lack of market history on SX <- take this into account, I'm not assuming risk for any of your trades)
There are some little bulls that occur on TRC and you can scrape pennies on playing the macd / rsi. However I would not recommend it at this time. Looking at the data this is still a buyers market. I would look at holding and even explore Terracoin's Masternode setup.
I can't predict when the aggressive buying and selling will start. Surely at 1000 sat this will happen.. but there are buyers in the 800s during the volatility, so maybe they'll look at exiting. Even if that happens I don't think it matters, just toss the loss in a Masternode. It will be brief; Q3 2020 is going to knock socks off I think!
The BTC halving will also occur soon and given the long history of TRC is present's itself as a strong candidate of a longterm altcoin capable of providing value and simultaneously acting as a bitcoin hedge through the strength of the engaged community. Take a peak at their Difficulty Rate and Hashrate on CoinWarz as well as their vitals on their own page.
The BAT maybe-bull
I am primarily a BTC and TRC holder, I think that's obvious by now from my posts. That being said BAT does answer 2 of those basic business fundamentals, what is the question/problem you answering and what is the value of what you are proving?
BAT moves slowly on SouthXChange and than on Bittrex. So if you like arbitrage there's a possiblity here. That being said when reviewing the data on Bittrex I think we are prepping for a possible bull run.
I bought in at the low 2500 sats and made some nice scrape in the mid 2800s. I then bought back in at 2760, albeit early and that's what happens when you use emotion. Here's why,
We can see that the bear marker has crossed at the peak of the price comfort and that the price comfort is hovering near the bottom. This is about a ~30ish sat range.
So if you hit it low at the right time you can scrape some good pennies on the bull. I was watching the asks and buys and I clicked early. I should have waited and read what the math was telling me.
However, we can see the the signal and macd are dancing closely and the price zone still has movement. There's the potential for a small bull run. I'd keep an eye on it today and if you are into the tiny scrapes, you might have an opportunity on this one today.
Note: the last time I did this what I thought was going to happen in 24 hours took days to happen. ..... so yeah.. use at your own risk :D
Cheers everyone and have a great rest of the weekend. Please comment, upvote and share. I'd love to hear your feedback, opinions and theories!