2018-6-18 NAVBTC LONG (long term) big volumes entering on NAV!
Let's start saying something: Last time I decided BTC wasn't going to
decline anymore and that was a really good time to start playing again
with ALTs, I got REKT! That time I thought BTC was going to make a triple
bottom (so we were in a good support) so I entered XMR and NEO.
The day after, BTC keep falling and i got stopped in both positions.
That said, today I decided I think BTC isn't going to decline anymore and
that was a really good time to start playing again with ALTs. Of course I
do think BTC will go down a little in the near future (maybe tomorrow), but
I think it found it's bottom for now and we're going to have some mid term
uptrend.
Let's go to the setup: NAV have been in a huge downtrend since the famous
big bull run of 17/dec. It have felt impressive 80% (facing BTC, I prefer
not calculating against USD, lol). It's price action has formed a huge
falling wedge (which is a bullish pattern), its RSI and MACD have formed
bullish divergences (these are bullish reversal patterns that indicates
bears are losing power). Its RSI have entered in the oversold zone (the
last time it have been there, we've got more than 30% after reversal).
And the most important: did you guys notice that huge increase in volume?
Let me say something, have you ever got furious for not having bought
that one coin that made that huge announcement that made it reach the
stars in one candle? Well, I'm not saying it will make any announcement,
it's just that usually big market players have this news first, and they
start buying, and volume is the footprint of whales! Yes they do have foot,
shtthfckup!
So, as always, this is not financial advice! You should not buy anything
anyone told you to, but I bought what this chart told me to. I've put a
stop-loss 10% below just in case BTC decide to fuck things again. But, if
my belief about BTC bottoms is right, we are going up
decline anymore and that was a really good time to start playing again
with ALTs, I got REKT! That time I thought BTC was going to make a triple
bottom (so we were in a good support) so I entered XMR and NEO.
The day after, BTC keep falling and i got stopped in both positions.
That said, today I decided I think BTC isn't going to decline anymore and
that was a really good time to start playing again with ALTs. Of course I
do think BTC will go down a little in the near future (maybe tomorrow), but
I think it found it's bottom for now and we're going to have some mid term
uptrend.
Let's go to the setup: NAV have been in a huge downtrend since the famous
big bull run of 17/dec. It have felt impressive 80% (facing BTC, I prefer
not calculating against USD, lol). It's price action has formed a huge
falling wedge (which is a bullish pattern), its RSI and MACD have formed
bullish divergences (these are bullish reversal patterns that indicates
bears are losing power). Its RSI have entered in the oversold zone (the
last time it have been there, we've got more than 30% after reversal).
And the most important: did you guys notice that huge increase in volume?
Let me say something, have you ever got furious for not having bought
that one coin that made that huge announcement that made it reach the
stars in one candle? Well, I'm not saying it will make any announcement,
it's just that usually big market players have this news first, and they
start buying, and volume is the footprint of whales! Yes they do have foot,
shtthfckup!
So, as always, this is not financial advice! You should not buy anything
anyone told you to, but I bought what this chart told me to. I've put a
stop-loss 10% below just in case BTC decide to fuck things again. But, if
my belief about BTC bottoms is right, we are going up
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