ONT/BTC 8hr...Many Counts In Play, Finding The Reentry...Hello fellow traders...
Wanted to give an update on Ontology as it has been a while since we made a new post. However, the alarm at 8k has hit, so this is a good time for an update ;-)
Due to a current business venture we are working on, we have decided to switch these charts to an 8hr--as we are diverting our precious time in other areas. Still are longterm bulls on ONT, but as of where we stand currently, there is not enough market data to reenter just yet. Here is one of our proposed counts detailing the overall picture of the setup.
As always, stay tuned for regular updates on the chart and changes to the count.
And please, do not take this as financial advice. It is here for your education and entertainment ;-)
longmoney
Ontology
ONTUSD longQuick scalp trade
ONT is at bottom of large fork and has one bounce at 4.90. which can be the stop
Entry is upon next rejection along this line probably around 4.95
Take profit around 5.60
For the last two days price has descended the small channel. Now it has broken the channel and the channel has become support. This is a bullish context as we approach the floor of the fork
See screenshot below for big picture
ONTOLOGY: MICROSOFT AWARD & UPCOMING MAINNET - PROFIT = 22.05% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 24th of June 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 22.05% PROFIT!
The increase in price may also be explained by positive developments including:
April 27: Official publicised Launch of Smart X. This enables users to program, debug and deploy smart contracts on testnet. It supports NativeVM, NeoVM and WASM smart contracts in C# and python.
April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT -13.16% protocols.
May 3: Ontology announces a strategic partnership with NAGA with the intention to bring the Ontology infrastructure to the massive financial technology markets.
May 11: Security Giants Baimaohui and SlowMist Join the Ontology Co-Builders Program. This aims to provide security audit services, support the development of public chains, and promote safe, secure, and reliable blockchain infrastructure.
May 14: The Ontology Foundation and the NEO Foundation signed a memorandum of understanding on May 14th, 2018, concerning strategy and technology integration.
May 24: Following the signing of the MoU, the Ontology Foundation and NEO Foundation have announced to co-fund a Joint Task Force with a total capital contribution of 4 mill CNY.
May 25: Ontology Announces the Economic Model Design of the Triones Consensus System. Based on the Triones Consensus System, the Ontology team uses: 1. ONT a cryptocurrency coin of main chain services & ONG a utility token of main chain operations.
May 29: Ontology establishes Strategic Partnership with COT ( IoT 0.00% technology strategic partner.). Under Ontology’s strategy, Ontology and COT will co-build a platform combining Ontology’s chain network model and COT’s IoT and intelligent hardware.
June 4: Ontology Launches Ecosystem Accelerator Program (Ontology Olympus Accelerator). The Ontology Foundation will invest approximately 1.5 billion USD worth of tokens, all of which will be used to support the future development of existing startups.
June 5: Ontology and PTS Announce Strategic Partnership to Build a Blockchain-Based Credit Data Exchange and Financial Services to Empower Real Economy.
June 6: Ontology announces the first batch of the Ontology Advisors Group (OAG). The advisors will provide a full range of strategic and industry consultancy for the Ontology ecosystem.
June 10: Ontology announces token swap in conjunction with mainnet launch.
June 12: Ontology Enters the Automobile Industry with CarBlock Partnership. CarBlock will build a transport data platform based on blockchain technology and vehicle network intelligent hardware. CarBlock will use data to tap into the one trillion US dollar -0.06% automobile market and create a brand new smart transport ecosystem.
June 14: Ontology successfully switched to VBFT on Tuesday. Performance tests are showing tps of more than 5,000 without parallel processing, sharding, or FPGA.
June 19: Ontology and Contentos to Collaborate on Public Blockchain Solutions for Content, building a new global decentralized digital content ecosystem (distributed infrastructure with video applications and people).
(NEW) June 25: Onchain wins the Microsoft Accelerator Shanghai Graduation Award.
(FUTURE) June 30: Ontology notes that it will commence a token swap on June 30 with ONG distributed to all token holders.
It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
Ontology, time to retrace! Patience is the key.Dear traders, hodlers and perhaps and hopefully future followers.
Here is my first outlook on the chart of ONT. On the daily we can see a red cloud forming. ONT already had a pullback like any other ALT due to BTC. But I think we still have a bit more to go. In the chart you will see were I will pick up a nice bag of ONT and hold it for the future.
Macd is bearish and RSI is oversold.
Trade safely, the market is crazy now.
Leave a like if you like;)
Ontology: Upward Climb ContinuesOntology has been on an upward trend vs. BTC since April. Its USDT chart indicates it is at the bottom of a cycle and about to retrace upwards. We prefer to stay in USDT for this trade because our current sentiment for Bitcoin is still bearish.
Exchange: Binance
Term: Medium
Invest: 5%
Buy between:
6.4 - 6.65
Sell Targets:
Target 1: 7.36
Target 2: 7.82
Target 3: 8.24
Target 4: 8.92
Stoploss: 5.9
ONTOLOGY: VBFT 5000 TPS & CONTENTOS COLLAB - PROFIT = 14.16% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of June 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 14.16% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 27: Official publicised Launch of Smart X. This enables users to program, debug and deploy smart contracts on testnet. It supports NativeVM, NeoVM and WASM smart contracts in C# and python. There are plans to add further programming languages in the near future.
April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT protocols.
May 3: Ontology announces a strategic partnership with NAGA with the intention to bring the Ontology infrastructure to the massive financial technology markets.
May 11: Security Giants Baimaohui and SlowMist Join the Ontology Co-Builders Program. This aims to provide security audit services, support the development of public chains, and promote safe, secure, and reliable blockchain infrastructure.
May 14: The Ontology Foundation and the NEO Foundation signed a memorandum of understanding on May 14th, 2018, concerning strategy and technology integration.
May 24: Following the signing of the MoU, the Ontology Foundation and NEO Foundation have announced to co-fund a Joint Task Force with a total capital contribution of 4 million CNY.
May 25: Ontology Announces the Economic Model Design of the Triones Consensus System. Based on the Triones Consensus System, the Ontology team uses: 1. ONT a cryptocurrency coin of main chain services & ONG a utility token of main chain operations.
May 29: Ontology establishes Strategic Partnership with COT ( IoT technology strategic partner.). Under Ontology’s strategy, Ontology and COT will co-build a platform combining Ontology’s chain network model and COT’s IoT and intelligent hardware.
June 4: Ontology Launches Ecosystem Accelerator Program (Ontology Olympus Accelerator). The Ontology Foundation will invest approximately 1.5 billion USD worth of tokens, all of which will be used to support the future development of existing startups.
June 5: Ontology and PTS Announce Strategic Partnership to Build a Blockchain-Based Credit Data Exchange and Financial Services to Empower Real Economy.
June 6: Ontology announces the first batch of the Ontology Advisors Group (OAG). The advisors will provide a full range of strategic and industry consultancy for the Ontology ecosystem.
(NEW) June 10: Ontology announces token swap in conjunction with mainnet launch.
(NEW) June 12: Ontology Enters the Automobile Industry with CarBlock Partnership. CarBlock will build a transport data platform based on blockchain technology and vehicle network intelligent hardware. The platform will combine Ontology’s chain network model with CarBlock’s intelligent hardware and IoT solutions to efficiently and fairly circulate vehicle data within the ecosystem. CarBlock will use data to tap into the one trillion US dollar automobile market and create a brand new smart transport ecosystem.
(NEW) June 14: Ontology successfully switched to VBFT on Tuesday. Performance tests are showing tps of more than 5,000 without parallel processing, sharding, or FPGA.
(NEW) June 19: Ontology and Contentos to Collaborate on Public Blockchain Solutions for Content Both parties will work on building a new global decentralized digital content ecosystem, combining distributed infrastructure with video applications and people.
It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
ONT/BTC pre mainnet We can see that ONT has fallen from the previous trend line to the new support zone(4). If BTC bottoms out around 5k then we can expect the retest the previous support zone(3). If BTC has already bottomed at 6k then we should expect a continued uptrend movement in line with the new trend line all the way until mainnet release.
ONT Elliot Waves OptionsIt seems that we have 2 options for elliot waves. We will see which one will work. If BTC goes up from 6400+ value and doesnt show new lows, black waves can work. If BTC goes 6005-6006 (thats another elliot waves 5. point target), orange elliot waves for ONT maybe can work. We will see...
Ontology, ONTBTC - Ready for a Quick Recovery? As with BTC/the market, Ontology had to take a big hit the last few days but there are a few signs that could lead to a quick recovery.
Analyses
- ONTBTC recently broke out of a channel (blue) after making a full 5 wave up in this channel/timeframe (degree) and is now in a new downward channel (purple).
If we look at the EW of the correction, then we could count a 5, 3, 5 wave structure. If this is correct then we should expect a new impulse wave or at least a little bounce from here.
- The retracement has reached past the .50 fib level and is very close to the .618 - .65 fib level, which is usually where buyers come in.
- Also, you see a divergence in the RSI and MACD which indicates a weakening of the bearishness.
Must say that at the current market sentiment it's hard(er) to go for a bullish or recovery scenario cause there's still much uncertainty so be cautious and wait for more confirmation, change in sentiment or go for smaller size when trading for short-term gains.
But if we do get a recovery from this point on, then you can use the above projection as a guideline.
Leave a comment if you have any questions.
Like the post, if you liked it and share it if you loved it. This is for good karma.
And until next time, good luck with your trading!
$ONT in correction$ONT seems to have completed its 5th wave of Elliot and is now entering an ABC correction as shown in the 4 hour chart. Fibonacci levels were corrected, having the 1st and 5th wave smaller and the 3rd wave bigger and more profitable.
However, at the end of June we will have the ONT mainnet and the Holders to distribute a new token in 1: 1. This news may raise the price of ONT in the coming days and the ABC correction to be discarded.
If there is no problem, as the price of the $BTC goes into a strong correction, we can see the price of ONT go to the moon !!. However, let us be patient and we will wait for the end of the ABC correction and indication of the return of the trend of discharge.
The technical indicators are showing some divergence regarding the ABC correction.
RSI played at level 5 and is bullish. However, its last peak was not larger than the previous one (yellow circles), which suggests the beginning of the correction ABC.
Stochastic Oscilator has not reached the oversold zone and indicates possible high.
The Bollinger Bands are closing down which gives us two possibilities: correction or entry into a consolidation zone.
Let's see what awaits us in the coming days.
Gratitude
ONTBTC - Bullish Chart + USDT Pair and Mainnet 22 Days OutI have mentioned ONT in my other posts as one that meets all the parameters for me to confidently buy in.
1. Above the 50 day MA (RED).
2. Above the 9 day EMA (Orange).
3. Above 50 RSI - Even better if Above 60 RSI .
4. Positive trend in MacD .
ONT has had a lot of positive sentiment lately and is scheduled to drop the Mainnet on June 30th.
On top of that, Binance just listed an ONT/USDT Pair to being trading as I type this!
ONT recently broke out of its retracement from an ATH. I really do not see much as far as risk. The entire ALT market took a bit of a dip earlier today, and ONT approached but did not touch the 9 DAY EMA. Being relatively close to the 9 Day EMA leads me to believe this is a good price to buy in at with support right below. The RSI is bullish above 60 and climbing. The MacD is in a bullish trend. If my wave counts are accurate, then 15000 looks like the first target and 19500 would be the semi-longshot.
So long as BTC holds up, I see no reason why ONT cannot replicate the success that TRX and EOS had ahead of releasing their Mainnets.
ONT - BTCOntology completed it's consolidation and now prepares for a bullish 5 wave. The RSI attempted to leave the "bullish" area above 50 but never really managed to.
You can trade with a stop loss with the given triangle. Keep in mind that a pullback to the triangle after a breakout is usual.
If you want to stay updated to my trading ideas hit the follow button and feel free to leave a comment.
- Peace
ONTOLOGY: STARTUP ACCELERATOR $1.5 billion - PROFIT = 49.04% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 29th of May 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 49.04% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 27: Official publicised Launch of Smart X. This enables users to program, debug and deploy smart contracts on testnet. It supports NativeVM, NeoVM and WASM smart contracts in C# and python. There are plans to add further programming languages in the near future.
April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT protocols. Open sourcing will allow Ontology to further develop of its VBFT protocol and to increase interoperability with a number of different DAPPs and potentially with different blockchain protocols in the future.
May 1: Smart contract capabilities of Ontology are publicised in Neo News Today. SmartX are supported by the platform are NeoVM-based C# and Python, although Ontology have roadmap plans to include Java, Rust.
May 3: Ontology announces a strategic partnership with NAGA with the intention to bring the Ontology infrastructure to the massive financial technology markets.
May 11: Security Giants Baimaohui and SlowMist Join the Ontology Co-Builders Program. This aims to provide security audit services, support the development of public chains, and promote safe, secure, and reliable blockchain infrastructure.
May 14: The Ontology Foundation and the NEO Foundation signed a memorandum of understanding on May 14th, 2018, concerning strategy and technology integration.
May 21: Ontology announces Pre-Release v0.8 of MainNet on Github.
This Includes details regarding: Native Contracts, New Version of VBFT Protocol, Fee Calculation, Network Optimisation and CLI.
May 24: Following the signing of the MoU, the Ontology Foundation and NEO Foundation have announced to co-fund a Joint Task Force with a total capital contribution of 4 million CNY.
May 25: Ontology Announces the Economic Model Design of the Triones Consensus System.
Based on the Triones Consensus System, the Ontology team uses:
· ONT a cryptocurrency coin of main chain services.
· ONG a utility token of main chain operations.
May 29: Ontology establishes Strategic Partnership with COT ( IoT technology strategic partner.). Under Ontology’s strategy, Ontology and COT will co-build a platform combining Ontology’s chain network model and COT’s IoT and intelligent hardware.
June 1: Ontology Announces the Triones Node Incentive Model. This includes defined rewards for staking.
(NEW) June 1: Ontology opens up Triones Seed Node Applications.
(NEW) June 4: Ontology Launches Ecosystem Accelerator Program (Ontology Olympus Accelerator). The Ontology Foundation will invest approximately 1.5 billion USD worth of tokens, all of which will be used to support the future development of existing startups.
(NEW) June 5: Ontology and PTS Announce Strategic Partnership to Build a Blockchain-Based Credit Data Exchange and Financial Services to Empower Real Economy.
(NEW) June 6: Blockfolio adds support for Ontology.
(NEW) June 6: Ontology announces the first batch of the Ontology Advisors Group (OAG). The advisors will provide a full range of strategic and industry consultancy for the Ontology ecosystem.
It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
bullish on ONTONT is one of my favorite coins for the month. It daily chart is absolutely beautiful.
In addition to the chart, mainnet release is scheduled for june 30th.
Assuming overall market doesnt completely tank, i think ONT should have a monster month.
entry: 11000
T1: 12500 (+13.6%)
T2: 16000 (+45.5%)
T3: 25000 (+127.3%)
stop loss: under break of trend line:
If we apply fib lines to each rally (starting from 1500) they all pretty much are in line with each other, which is where my T2 and T3 come from
I will point out, this RSI divergence is something to keep an eye on: