ION/BTC - revised chart - pre-weekend long position
Updated
I decided to revise my earlier chart as it was done in a hurry.
The coin: ION is a gaming based coin which seems to be gaining momentum recently thanks the new developments (incl. the Moon or Bust game). The dev team seems devoted and professional with solid backgrounds, therefore the coin will likely not be abandoned or delisted soon.
The View: The Chart is somewhat self-explanatory and does not use many of the popular TA indicators. All that is shown here is the Trend Lines, and Volume. Since the 21st of Jan there have been several pumps happening around midnight, mostly on the weekends. The first weekend ION tripled in value, then correct to a 40% gain. The second pump was less drastic so the coin only doubled in value and then corrected. This pattern is quite obvious when looking at the chart for both value and volume and will likely continue in similar vain for the coming weeks if the current momentum is kept
The Play: Long!
Entry point: should be as far into the week or day as possible, and not after midnight or Saturday
Target: always set your sell orders because it pumps and dumps fast, so you need to either sit by your screen, set alarms, or orders. Conservative target should be a 50% gain for the weekend pump and less for a midnight pump. If you feel risky and you are very happy with your entry point you could aim to double your position.
The coin: ION is a gaming based coin which seems to be gaining momentum recently thanks the new developments (incl. the Moon or Bust game). The dev team seems devoted and professional with solid backgrounds, therefore the coin will likely not be abandoned or delisted soon.
The View: The Chart is somewhat self-explanatory and does not use many of the popular TA indicators. All that is shown here is the Trend Lines, and Volume. Since the 21st of Jan there have been several pumps happening around midnight, mostly on the weekends. The first weekend ION tripled in value, then correct to a 40% gain. The second pump was less drastic so the coin only doubled in value and then corrected. This pattern is quite obvious when looking at the chart for both value and volume and will likely continue in similar vain for the coming weeks if the current momentum is kept
The Play: Long!
Entry point: should be as far into the week or day as possible, and not after midnight or Saturday
Target: always set your sell orders because it pumps and dumps fast, so you need to either sit by your screen, set alarms, or orders. Conservative target should be a 50% gain for the weekend pump and less for a midnight pump. If you feel risky and you are very happy with your entry point you could aim to double your position.
Note
Strategy still on track with a good opportunity for entry or increasing position, weekend pump coming up. Seems not to be affected by BTC dump too much
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