Stellar Lumens Buy Opportunity Stellar Lumens has had quite the run up lately but that doesn't mean it's out of steam. You can clearly see a cup forming which is a bullish indicator.
MACD and RSI are confirming a Bullish Divergence, which further proves XLM is about to take off.
Buy in the Buyzone and aim for atleast target 1.
If Stellar Lumens doesn't break her current resistance zone try and look for a cup and handle for a second swing.
Buy High Sell Low
Best of luck,
Buyopportunity
Digibyte Buy Opportunity (around 200% profit!)Happy New Year everyone! My apologies for not being online the past few days, I spent my holidays with friends and family enjoying the anticipation for a great 2018!
During the holidays I changed up my portfolio into coins who I expect to do very well 2018, which was very relaxing to me since I didn't need to check my portfolio every damn second.
Now I came across DigiByte and it's looking pretty bullish to me!
You can see Digibyte is holding pretty well above the Ichimoku cloud and it hasn't broken the trendline yet.
RSI confirms a bullish divergence.
MacD has now come up to a decision moment and I expect it won't take long for DGB to take off for a second run up!
It's still a very cheap coin so grab it while you can.
First price target is around 665 sat.
Second price target is around 1100 sat.
Third price target is around 1400 sat.
- Set your stop-loss at 380 sats.
Good Luck on this trade!
Patience is key
Cheers,
Steve
Stellar (STR/XLM) Bull Flag Up the Flagpole Running the Bull Flag Up the Flagpole, is Stellar (STR/XLM) about to go stellar on us into new All Time Highs (ATH)? It's getting close...
Going Stellar (STR/XLM) - Transactions on the decentralized Stellar network resolve in 2-5 seconds for a fraction of a cent, aiming for low-cost payments between different currencies.
Stellar is a decentralized, hybrid blockchain that is fully open-source. It is infrastructure that exists to facilitate cross-asset transfers of value, including payments. With just one integration into the Stellar Network, you will join an open, global financial network where all actors – be they people, payment networks, or banks – have equal access & economic participation. With a team of top technology and finance professionals, the nonprofit Stellar.org expands access to low-cost financial services to fight poverty and maximize individual potential.
Looks interesting to me with a lot of upside potential. Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
Wishing you all Happy New Year and
All the very best wishes of luck in your trading ;)
ADX - BTC - Short/Mid Buy PointI have a love-hate relationship with AdEx, ADXBTC ADXUSD. I was a long term investor with Mid-Short Term trading in between where I thought I could see some of those long/mid term channels forming. That all changed when ADX went from ~$1.15 to friggin $3.00.
I am optimistic we will have some more reasonable buy opportunities around ~$1.90 - 2.00.
I am targeting 0.000108 - 0.000115 as my next buy in. We could see another example of a very undervalued coin making a continued run up to ~$5.00+. I do certainly think that we are in the position to see a come down to the price points I mentioned above. Don't be fooled by a short bounce at 0.000165 ADXBTC. This is still slightly above 1 standard deviation greater than the 14-day MA, yet, it is the upper support line of the longer term growth channel (red channel).
I do think we should see a retracement/price reduction back into the red channel and ADX tends to see large drop offs in value when trend lines appear to be permanently passed (i.e. strong supports pointing toward upward growth, but soon to be overshadowed by a rise in BTC price). As BTC approaches $17,500, we should see many Altcoins move back into normal growth patterns with a great upside after the next BTC settling period (above $17,500); however, as I mentioned, those prices should see a large undercut during the BTC run up.
My buy points are as follows:
(1) 0.000115 -- 40% of investment
(2) 0.0001050 -- 60% of investment
--Stop Loss = 0.00009975 (sell off 100% of investment)
Re-buy (3) 0.00009450 -- 200% initial investment amount.
If we see an even larger BTC run up (BTCUSD > $20,000) and ADXBTC < 0.00008450, I will buy with 200% of my re-buy amount--effectively tripling my re-buy investment (#3) or sextupling my original investment (#1 & #2).
As always, be safe and smart with your investments, use stop losses, and stick to your investment strategy! Evaluate Risk vs. Reward carefully, and don't treat a trend line like it's "the law"!
Cheers,
-Jordan
MCO - Buy Point - ShortMCO has increased substantially in the wake of the BTC uproar and immediately subsequent downtrend. As we approach a new BTC "norm", we should be prepared to take advantage of BTC HODLers dumping Altcoins at sub-optimal prices to re-enter BTC holds.
MCO has tested an apparently solid support line just above 0.001 BTC/MCO. If it holds to its current uptrending channel, MCO should see a low of ~0.00095 - 0.00105 BTC/MCO. This can change quite quickly if BTC continues to run toward $17,000 - 17,500; this would drive most Alts down after a short-term pump, as it has done in the past. Realistically, 0.0011 should be a comfortable short term sell if you are in at a low point in the channel. If you are open to higher levels of risk, you can target somewhere around 0.0012+, but be mindful of the upper channel limit and to what that value is equal when the upper channel limit is tested.
One additional factor to keep in mind is that we are testing the MCOUSD 14-day MA price point. If BTC moves to ~$16,000 - 16,500 today and we remain within 5% of the 14-day MA price point, only a major BTC uptrend will dethrone MCO's next run up.
I will be targeting a buy-in of 0.001 with 40% of my investment and a subsequent target of 0.00095 with the remaining 60% of my initial investment target.
If BTC forces a short term decline/adjustment in MCO, then I will be targeting a value of 0.0008235 ($14/MCO & $17,000/BTC) with an investment equal to the total initial investment.
If BTC moves past $17,500, I will sell at a loss and re-buy when BTC is ~$18,500+.
As always, best of luck on your trades, research until your eyes are practically dried up prunes, and never "bet" more than you can lose!
Cheers,
-Jordan
Power Ledger - Symmetrical Triangle, buy opportunityAfter experiencing a flash crash on Dec. 21, POWR/BTC looks like it is building a symmetrical triangle pattern.
The 100-periods SMA (in the 2h chart, in blue) has offered support, following the lower side of the triangle.
The 50-periods SMA (in orange) looks like it is going to meet the price at 0.00006600 BTC.
I believe price will bounce on that level before breaking the upper side of the triangle.
I also believe the price will go to 0.00007500 BTC, then find support on previous resistance (the upper side of the symmetrical triangle), before shooting up to my target, around 0.00012000 BTC.
On the upper left corner I drew a typical formation of this bullish pattern, to emphasize the similarity between the chart and the "theory".
The ADX and DMI allow for the start of a new uptrend.
The stochastic RSI is what makes me believe we'll have a little correction at 0.00007500 BTC.
This is anyway a risky trade.
The price of BTC looks like it doesn't know exactly where to go, and this indecision makes the whole market very volatile and rather unpredictable.
For whom likes to buy on dips, I suggest a limit buy at 0.00006600 BTC, with a stop loss at 0.00004980 BTC (this because if price falls, 0.00005000 BTC will be big buy wall, since it is an even number, and it is below the lows of Dec. 19 and 22).
On the other hand, if you want to play it safer, I think you have 2 strategies, based on what'll happen:
1) If price breaks up the triangle, hits some value around 7500 satoshi, then corrects (without re-entering the triangle), I'd set a stop buy just above the 7500 satoshi level.
2) To get even less risky, but also less reward, you could set a stop buy order above the high on Dec. 20, at around 0.00008050 BTC.
My target is around 12000 satoshi.
I repeat that this trade is riskier than normal because right now the market is very volatile.
This is not financial advice, this is just my opinion. Any comment is appreciated.
IOTA Buy OpportunityIOTA has always been one of my favorites and the recent struggle with their wallet has led to a cooldown in price action.
Now we see the price action moving once again and we see IOTA breaking out the Ichimoku cloud and see the beginning of a green cloud forming.
RSI also confirms bullish price action.
- Mind you all to look at the scale of the chart.
Follow the IOTA team at their Slack Channel: slack.iota.org
Some very interesting updates has been announced
Look at the update and then take a look at the chart again.
Good luck on this trade!
Cheers ;)
US Dollar Range Analysis & 100 Pip Buying OpportunityThe dollar is in a defined range of 12050 - 11950 and is likely to trade below 11975 next week, price action below this level is subject to buying pressure (support) which will allow for a buy trade with a target of 12050.
A buy on the triple tested support of 11950 will open a trade worth 100 points as price is likely to follow the range back up to the triple tested resistance at 125050.
Look to take profits on a buy trade at 12025 as price is subject to selling pressure at this level.