11-20-2018 BAT Basic Attention Token Approaches Target Price


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First of all, I love the idea behind Basic Attention Token (BAT). This is a token that will be used to reward viewers for watching advertising content. Rather than paying for traditional means of online advertising, Basic Attention Token creates a more efficient user-targeted approach that makes a lot more sense than traditional social media ads.

This is a great looking chart. It couldn’t be any better than this. We are in the midst of a good bear market, and we’ve seen 3 declining peaks since the December 2017 run. Looking at the baseline for BAT which also appears to be descending, a safe target that I may chose to jump on this crypto could be $0.10.

I think that’s as good of a guess as any. The reason being, this token has real utility. Lots of thought was put into it, and I would actually consider using it as a marketing tool. So that gives me more confidence that this token may not go to zero and fizzle out one day.

As far as the projected low, there’s no telling how far this market will go before it bottoms out. Ten cents might be the bottom. Or it could be a tenth of one cent. Nobody really knows. But judging from the previous run, I would be happy to take a gamble at ten cents and then HODL until I feel like the bull market is in full effect.

Check out the background on this one and I think you’ll like what you see. They are listed on Coinbase, which means they must have a fair amount of fundamental credibility. Coinbase is very slow to add coins, and they are making history by being one of the lucky few to be added after the Big Three.

If I pull the trigger, I will report back and track my progress. So, let’s cross our fingers and hope for a BAT MOON!

Carlton Flowers
The CryptoPro

Disclaimer - I’m not an investment advisor, so don’t follow my advice. Contact a broker for financial and investment advice. All posts made are for information and entertainment purposes only.

2-19-2018 IOST Pennant Formation - Buying Opportunity


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February 19th 2018 - IOST, traded on the Binance platform, has been making moves. We had a series of triangle formations forming over the past week that have been small, but stair-stepped in an upward trend that culminated with a nice breakout.

Looking at the 2-hour candlesticks, we now see a definite pennant formation that appears to be focusing in on a breakout point. The volume has been settling down since the previous breakout, which is very indicative of this coin moving to the next level.

Take special note of the volume spike during the beginning of the larger current triangle formation. The volume has settled since then, and it looks like a quiet consolidation is taking place as it settles into a new higher base at 0.05 price per coin.

The impending breakout move could push IOST back to the 0.09 support level. This is a great entry point to jump on board during what I truly believe is a bull market. The crypto market looks to be rebounding, and if this is continues, we should see several formations and lots of action for IOST.

My goal is to sell at the next peak, and then wait for the correction and consolidation to complete and then retake my position. The next move after 0.09 could possibly be 0.15. I will be looking at the charts after this next action point takes place, and we'll see if it looks like it is possible. Keep your eyes peeled!

Carlton Flowers
CryptoPro Trader Supreme

DISCLAIMER: I am not a financial advisor. Do not buy any cryptocurrency with money you cannot afford to lose. This post is for information and entertainment purposes only. Invest responsibly.


2-9-2018 XVG Pennant - Breakout?


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Watch out for XVG in the coming days. On the 1-hour candles chart, we see a sloppy pennant formation. This might not be an accurate depiction of the final flag formation, but it's close enough to know that there's a breakout on the horizon.

There's an ascending baseline when you connect the bottoms. This is called "higher lows", and is indicative of a bullish formation. There is a chance that the breakout could be in the negative, but with the overall market looking the way it is, I think this one will break out to the next level and start an entire new formation.

Watch out for the volume, and then watch for the 5-day EMA to get wild and crazy. When the 5-day EMA crosses over the 34-day, we can confirm that the breakout is the start of a new bullish channel.

Cryptocurrency Coin Watch - The Launch!


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Announcement! I am back into the technical analysis trading game! Back in 2013, I got back into penny stocks and started the "Stock Watcher" micro blog for trading penny stocks that were in play. But I got super busy with my businesses, and had to step away from it.

In 2017, I discovered the cryptocurrency market, and how similar it is to the OTCBB and trading penny stocks. The great thing is, just about all of the same technical indicators and chart patterns work for crytpo coins just like they did for the penny stocks.

I've decided to re-launch the mini blog and rename it to the "Coin Watch" blog. I'll be posting my trading ideas and chart updates to help those of you who trade cryptocurrencies to take advantage of this wild market.

I will still give general updates about the current state of the market over on the main crypto mini blog, but this will be for those of you who want to learn more about active trading. It goes without saying, I am NOT a financial advisor, and trading on the cryptocurrency market is EXTREMELY risky. The market is very volatile, so if you don't like wild roller coaster rides, think twice before you ever hit that "buy" button based on one of my recommendations.

Don't forget about the Crypto Resource Page with all of the links to my favorite cryptocurrency resources. I will keep that updated as time goes on.

Stay tuned and please post your comments and questions!

Carlton Flowers
CrytpoPro Supreme

PSWS Tech Update For 4-18-13


We might be getting close to positive breakout number 2 for PSWS in a few days. This is a rough sketch of the new flag.

It might happen before the apex that I'm predicting here, but it should happen and then continue on another run.

This stock remains very active and could be a great short-term play.


SFOR Tech Indicators For 4-18-13


I picked up SFOR recently. I don't know much about this stock at all, other than the technical indicators. There's a lot of volatility on this stock. It's definitely "alive" and in play.

There is a potential breakout coming at the apex I have indicated by the green lines. There could be a few more oscillations on this over the next few days before it breaks out. Depending on what the MACD and stochastics tell us, it could break out for the positive or take a dive.

I'll be keeping close watch on this and we'll check back to see if this breakout prediction comes to pass.


PSWS Tech Indicators 4-17-13


PSWS looks like it is forming a solid flag formation with a base that is easily predictable.

The MACD is still downtrending and wide open. Once the trend lines cross and both head upward, it could be a good point to jump in.

It looks like a new base will form somewhere on the yellow highlight that I have drawin in. Once it lands on that base, if all the indicators continue this trend, we should see the next big breakout and the start of a new flag formation.

Depending on whether or not this is a "real" company with legitimate news, it might be one to hold until the end of several flag formations.


PSWS Tech Analysis for 4-16-13


PSWS is probably my favorite pick at the moment.

It has a fantastic looking chart. This almost makes me believe that "penny stock season" is about to come back.

I'm seeing a second flag formation coming along nicely. The first breakout apex occurred at 0.01 share price. This looks like a classic technical move. I am betting this stock will remain volatile for a while.

I'm predicting a correction back towards the 0.01 to 0.015 level, and then another bullish breakout. The Stochastic has already crossed over, indicating the correction. The MACD is still bullish, but the lines are about to cross. They should follow the fast stochastic. Keep your eyes on the MACD for the next crossover point. This should happen as insiders start loading their wagons again.


PBCW Tech Analysis for 4-16-13


PBCW has my attention. The OBV indicates heavy accumulation and activity. Right now it is in a downtrend, which is good. This means there will be enough time to possibly jump on this before the next run.

The stock is very volatile, and the MACD overall is looking like we are at the start of an uptrend. The Stochastic indicator right now tells us it is not yet bottomed out for the current trend.

Once it bottoms out, I would take a good hard look at it once the MACD returns to a positive trend.

Something is definitely going to happen with this stock in the near future. Not sure when or how hard it will be, but it will probably continue a rapid rise/fall period.

I'll be looking for a flag formation on this, and for the Bollinger Bands to tighten back up. If another accumulation occurs, it could indicate a positive breakout.


LQMT Tech Indicators for 4-16-13


LQMT is forming a pennant or "flag" formation. There could be a breakout, but not quite yet to be determined is the direction.

The OBV is still looking like it is being sold, but the insiders are accumulating shares. The company seems to be pumping out news stories, so there could be a buildup.

The MACD is leveling off, getting flat. Once it passes the zero line and accumulation goes positive, I would look for a breakout.

The Stochastic looks like it is still in a decline, but once there is a crossover it could indicate a turnaround.

It might be a month or so. Definitely worth watching as this is an active volatile stock.