FTC/BTC Technical Analysis / Speculation
-
[img]http://s24.postimg.org/81ql6nyxx/Untitled.png[/img]
hash rate is climbing price is dropping ( unsustainable? i think so!)
we are testing a key support established 4 months ago ( BTC was ~120$ )
If we break support FTC will fall to new lows!
and this is why i am interested in FTC, I believe FTC is the most undervalued alt coin out there, and to watch its value plummet even future simply because its being overlooked as bitcoin paints a bubble, is a crypto-traders wet dream!
-
[quote name=“mirrax” post=“31554” timestamp=“1382035064”]
[quote author=adamstgbit link=topic=4084.msg31547#msg31547 date=1382032951]
BTC price appears to be rising.My guess is FTC will hold its FTC/BTC price ( or even go up a little) until that gives it a 10cent value again, and then FTC/BTC will crash down IF BTC goes up Up UP!
[/quote]I think we are witnessing FTC/BTC trend reversal these days, buy support is massive and sell support very thin.
[/quote]I think traders have set FTC price to be about 10cents and will dump / pump FTC accordingly.
I believe this dynamic is what has lead to seriously undervaluing FTC, is growing too, its price should reflect that, but traders are not taking FTC seriously and so the value of FTC is kept low, and there lies the opportunity.
be patient, BTC is not done bubbling up.
-
Nicely done. I completely agree with everything you’ve said. +1 my man.
-
[quote name=“Kevlar” post=“31561” timestamp=“1382037135”]
Nicely done. I completely agree with everything you’ve said. +1 my man.
[/quote]+1 and me
-
[quote name=“chrisj” post=“31565” timestamp=“1382037670”]
[quote author=Kevlar link=topic=4084.msg31561#msg31561 date=1382037135]
Nicely done. I completely agree with everything you’ve said. +1 my man.
[/quote]+1 and me
[/quote]Thanks
I’ll keep throwin up charts and talking about FTC’s price action.
Its a fun pastime for me.[hr]
BTC has bubbled up to a key resistance level yesterday ~160
there a Huge amount of support at 0.00056, as one would expect when testing a key support level.
I think they’re a good chance we will go for a good bounce here.the target would be, a high of 0.00073 for 11cent FTC assuming bitcoin stabilizes at 150 ( i think it will, this BTC’s 160 resistance is REAL and won’t be broken over night…)
-
[quote name=“adamstgbit” post=“31599” timestamp=“1382048469”]
i think it will, this BTC’s 160 resistance is REAL and won’t be broken over night…
[/quote]Ok, but what if it gets broken? Where’s the next resistance line for BTC?
Looks like $266 to me. Hold on to your hats boys and girls… this might get interesting.
-
[quote name=“Kevlar” post=“31605” timestamp=“1382051607”]
[quote author=adamstgbit link=topic=4084.msg31599#msg31599 date=1382048469]
i think it will, this BTC’s 160 resistance is REAL and won’t be broken over night…
[/quote]Ok, but what if it gets broken? Where’s the next resistance line for BTC?
Looks like $266 to me. Hold on to your hats boys and girls… this might get interesting.
[/quote]I agree, exactly what I was thinking, a lot of people that bought in over $200 will want to push it as they see the opportunity arising.
-
[quote name=“Kevlar” post=“31605” timestamp=“1382051607”]
[quote author=adamstgbit link=topic=4084.msg31599#msg31599 date=1382048469]
i think it will, this BTC’s 160 resistance is REAL and won’t be broken over night…
[/quote]Ok, but what if it gets broken? Where’s the next resistance line for BTC?
Looks like $266 to me. Hold on to your hats boys and girls… this might get interesting.
[/quote]that would be the next major resistance, technically , but i’d get the fuck out at 180.
and thats exactly what i plan to do, by buying FTC as BTC pops to what i believe to be unsustainable prices. i dont care how many chinese poeple their are, price above 180 is not sustainable. -
It’s solid advice. I agree.
But then 160 could turn into the new support if it really reaches 180.
[sub][size=8pt]Bottom line: It’s a risk whatever you do. Don’t come crying to me if you lose half your value. I will not feel sorry for you.[/size][/sub]
-
[quote name=“erk” post=“31611” timestamp=“1382054418”]
There are a lot of anti-FTC trolls on BTC-e, that’s why I moved my FTC mining output to mcxNOW where FTC is simply underrepresented.BTC-e creates negative market sentiment for FTC which often makes the price a bit lower than it should be.
[/quote]Got that right.
So, looks like the trend is forming: It’s bumping up against 160 and finding plenty of resistance, which is exciting. I would expect a return to 145 which is historically a resistance line (now support hopefully) before testing the 160 again. That, or it breaks 160 and goes straight to 180.
-
The other day Bushstar pointed out that FTC value is pegged to 1/20 of LTC. Given LTC drop the last few weeks, that seem to be valid. Do you all agree? If so, would it make more sense to study the LTC chart for technical patterns? Let me know what you think.
-
[quote name=“pairmike” post=“31622” timestamp=“1382072903”]
The other day Bushstar pointed out that FTC value is pegged to 1/20 of LTC. Given LTC drop the last few weeks, that seem to be valid. Do you all agree? If so, would it make more sense to study the LTC chart for technical patterns? Let me know what you think.
[/quote]i dont like this theory, FTC has nothing to do with LTC, no, FTC is pegged to USD at ~10cent ( currently low at ~8cent ), and its priced in BTC.
[b]I want to see the day FTC is pegged to the BTC at a fixed rate.[/b]
-
1FTC = [img]http://thebitcoinreview.com/feathercoin_price_img.php[/img]$
my god 7.89cents!
must…resist…urge…to…buy!
-
Here is the quote.
[quote name=“Bushstar” post=“31047” timestamp=“1381598527”]
We’ve been pushed lower before, I remember seeing 0.00066FTC. The problem is that we seemed to be pegged at 1/20 of Litecoin’s value. Whenever Litecoin goes down we go down and vice versa. The success of of Bitcoin and Litecoin effect us greatly which is why we should all be working together in the crypto family :)
[/quote] -
[quote name=“pairmike” post=“31625” timestamp=“1382074923”]
Here is the quote.[quote author=Bushstar link=topic=4003.msg31047#msg31047 date=1381598527]
We’ve been pushed lower before, I remember seeing 0.00066FTC. The problem is that we seemed to be pegged at 1/20 of Litecoin’s value. Whenever Litecoin goes down we go down and vice versa. The success of of Bitcoin and Litecoin effect us greatly which is why we should all be working together in the crypto family :)
[/quote]
[/quote]idk this guy, i don’t know anyone here…
but i’m sure he’s wrong, it Looks like we correlate because both LTC and FTC have the same dynamic, both are valued in USD and both a priced in BTC.
so…
FTC value does not depend on anything other then itself ( currently valued at [img]http://thebitcoinreview.com/feathercoin_price_img.php[/img]USD )
BUT
FTC is priced in BTC, so if BTC rises like crazy FTC would suddenly look like its worth 12cents and poeple would dump on that because they value it at more like 10cents.
IDK who is setting the price, dumping/pumping the FTC/BTC quote to always reflect a 10cent value. But i’m, on a mission to put a stop to it!
I believe we can achieve a FIXED FTC/BTC valuation,
It can be done,
We will be the first!
Thank you and good night! -
Well [b]I might be wrong[/b], but right now I smell Koolio buying some cheap FTC and fontas backing him with some small buy walls…just waiting for BTC fall :)
[url=http://thegenesisblock.com/bitcoin-markets-respond-us-debt-deal-price-drops-volume-surges/]http://thegenesisblock.com/bitcoin-markets-respond-us-debt-deal-price-drops-volume-surges/[/url]
-
[quote name=“unkunku” post=“31647” timestamp=“1382097663”]
I can’t really see how FTC should not be decreasing, just a month ago the supply was around 17 million coins, now the supply is almost 20 million coins - that will say total coins created.The demand for FTC isn’t nearly increasing as much, so we will sure see more lows. Imagine the unit price when supply reaches 50 million coins, will growth in demand have kept up? No.
Going down under 0,0005 i think. Not to say this is a bad thing, I think for a wide-used cryptocurrency the unit price should be very low, after all many fiat-currencies out there are extreme low-valued in comparison to USD. [b]Imagine buying a cake with 0,005 BTC in some asian country, not very fun. [/b]
Technical analysis in all it’s virtues, but we’re talking a money-printing currency here, not a stock where the amount of supply ( stock-shares ) is fixed. It makes a quite different case.
[/quote]wow you FTC guys really suck at speculation, you’re suppose to say the coin will one day be worth X and BUY it up!
I know FTC trades more like a commodity then a stock. but i think you’re wrong about the demand, a good healthy crypto should see exponential growth phases. I know for you guys its been months and you feel like growth is slow and painful, and price keeps dropping, but consider that I only got involved a few days ago. I see alts getting a lot of attention in 2014, and I’m getting behind FTC because I see the efforts of the community, and I believe your coin has been totally undervalued, due to some BS that happened at the start… The fact you guys got past it, is a testament to the teams dedication / ability.yes FTC is undervalued.
;D
-
BTC price is definitely going up! lets watch how FTC reacts. :-\
come on my little feather coin, you can do it!
-
[quote name=“unkunku” post=“31675” timestamp=“1382109781”]
[quote author=adamstgbit link=topic=4084.msg31653#msg31653 date=1382105674]
[quote author=unkunku link=topic=4084.msg31647#msg31647 date=1382097663]
I can’t really see how FTC should not be decreasing, just a month ago the supply was around 17 million coins, now the supply is almost 20 million coins - that will say total coins created.The demand for FTC isn’t nearly increasing as much, so we will sure see more lows. Imagine the unit price when supply reaches 50 million coins, will growth in demand have kept up? No.
Going down under 0,0005 i think. Not to say this is a bad thing, I think for a wide-used cryptocurrency the unit price should be very low, after all many fiat-currencies out there are extreme low-valued in comparison to USD. [b]Imagine buying a cake with 0,005 BTC in some asian country, not very fun. [/b]
Technical analysis in all it’s virtues, but we’re talking a money-printing currency here, not a stock where the amount of supply ( stock-shares ) is fixed. It makes a quite different case.
[/quote]wow you FTC guys really suck at speculation, you’re suppose to say the coin will one day be worth X and BUY it up!
I know FTC trades more like a commodity then a stock. but i think you’re wrong about the demand, a good healthy crypto should see exponential growth phases. I know for you guys its been months and you feel like growth is slow and painful, and price keeps dropping, but consider that I only got involved a few days ago. I see alts getting a lot of attention in 2014, and I’m getting behind FTC because I see the efforts of the community, and I believe your coin has been totally undervalued, due to some BS that happened at the start… The fact you guys got past it, is a testament to the teams dedication / ability.yes FTC is undervalued.
;D
[/quote]First things first, FTC is not being valued as a commodity, rather as a currency. BTC is valued as a commodity with scarcity. This scarcity scenario is practically unpresent today with the money supply of FTC.
Yes the value may go up long-term, and moreover, saying that the coin one day will be worth X is just hyping it. And we’ve had alot of this recently which now is receeding, and the true value of FTC is gradually showing.
[/quote]what is its “true value”?
[img]http://thebitcoinreview.com/feathercoin_price_img.php[/img] $
-
[img]http://s17.postimg.org/v76087pbz/Untitled.png[/img]
i’m starting to think even if BTC goes parabolic to 180, FTC will hold, because we all know what comes after a parabolic rise ;)