SAFEX/BTC Analysis

5 Okt 2017

Done a bit of research on SAFEX and to be honest, I feel quite bullish on it. Constantly in accumulation (Hit a peak of 1 B // 1,000,000,000 Accumulation, currently sitting at just under 800 M // 800,000,000), constantly being bought out whenever it's on sale as well. Looking at the chaikin oscillator (Buys Vs Sells) we see that from the 17th of July to the 1st week of August, it had quite a bull run, and was being bought heavily. Now after the massive bull run, and correction, we see a trend that looks like history is about to repeat itself. I've outlined the trend with a rectangle, and it clearly has the same signals that it had before the first major bull run. The end of the chaikin oscillator is also showing positive signs and indicates that the buyers are slowly overtaking the sellers. Soon the sell supply and weak hands will diminish, leaving the hodlers, which will pump the price dramatically. To this day, I haven't seen a coin in more accumulation than SAFEX. A coin with 2 billion supply, and 1 billion of it already accumulated.....

Now what would be a good time to buy? Anywhere between 200-250 is a great buy. Where do I see this coin going? For this next bull run, I see it peaking at 1,000 Satoshis and correcting to 250-350.