DATA (DTABTC) on Huobi Prepares For Bullish Action (1700% - 2800Good SUNday my successful and profitable cryptocurrency trader, today I would like to take a few minutes to take a look at DATA (DTABTC) on Huobi, we have a few strong and very clear signals to look at.
So let us start by hitting like now so we can continue with this analysis...
Ok, thanks a lot for the support.
Now, this is not a piece of trade advice, I will be reading the chart for you, if you decide to trade or not this altcoin that is completely up to you.
DATA (DTABTC) on Huobi Charts Analysis by Alan Masters
Let's start with the charts...
LONG TERM WEEKLY:
Here the first thing I would like to attract your attention to is the high volume bar produced last week. This is the highest volume bar ever for DTABTC, even higher than January's 2018 bull run volume. This is a good indication that the whales/miners/exchanges are starting to load up on this altcoin. If these entities/people are buying up, we can take it as a signal that bullish action will be coming soon.
This super high volume also marks a break of the EMA10 resistance, which is the green line you see on the chart. DTABTC traded below EMA10 since May 2018. So this is now a resistance turned support.
Below EMA10 = bearish potential.
Above EMA10 = bullish potential.
This is just a basic indicator that I use and share with my readers so that you can easily start to do your own charting. Now that DTABTC is above EMA10, we can start looking at it with a bullish bias.
The TD Sequential started a new positive count after completing a perfect negative nine. Supporting the high volume bar we are seeing and the break above EMA10.
On February 2018 DTABTC marked a new all-time low at 0.0000001700. After we hit bottom, the only place left to go is up.
We are looking at 1700% profits potential to the all-time high, and over 2800% to a new high (Fib. projection).
These are some basic signals, let's take a look at a few more for our own learning and entertainment.
A closer look at the weekly:
When looking at it closer, it is easier to appreciate last week strong bullish candlestick which broke above the EMA10 resistance.
The MACD is trending up with good momentum.
The RSI is turning bullish and trading above all resistance and at its highest since May 2018.
Looking at these signals, we can expect DATA to have a strong move in the months ahead that can generate massive gains.
Remember to hit like... Let's continue.
Note: This is not a piece of trade advice, all of my trades contain targets, buy-in, stop-loss, and additional information. Let me know in the comments section if you would like to see a full trade for DATA (DTABTC).
Thanks a lot for reading, I hope you were entertained.
This is Alan Masters and I appreciate your time, energy, and support.
Namaste.
DATA
DATA-BTC Long Trade PlanCommodity : STREAMR DATACOIN
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 10% of the total Trading Balance.
Prospective Profit : 5.9% to 15.4%
Prospective Loss : 3.5%
RRR : SL to TP1 is 1.65, SL to TP2 is 2.71, SL to TP3 is 3.47 and SL to TP4 is 4.29
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
DATA parallel channelOK. So far BTC situation isn't clear at all. It means it can go up or down any moment. Up will take it to 3700 at least and down to 3500. Alts will follow. So this is bullish scenario with tight SL as a must.
DATA moving within parallel channel accumulating for future move. Support zone in the middle is at 485-495. Final resistance before breakout is at ~530-540. Once broken price will move fast towards 595 (+10% profit from breakout zone), but I'll be targeting 650 which is over 20% profit. Stop loss below 480 with small timeout in case of sudden spikes.
Not a financial advise. Trade on your own risk.
TABLEAU SOFTWARE : DATA -IBD SAYS BUY - MY MODEL SAYS SELLThe model predicts that pricing drops after Tableau reports earnings.
IBD is ranking this stock at a 97 per some articles being reported on yahoo finance ranking it as a buy.
My model suggests the opposite... it says to sell ahead of earnings.
WIll my model beat IBD?
brschultz
[DATABTC][160% - 340% PP] Streamr DATAcoin LONG @alanmastersStreamr DATAcoin (DATA) Overview
Data done differently
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Streamr DATAcoin (DATABTC) Analysis
The action started back in late September for DATABTC, we have the highest volume since this altcoin hit its all time high... but it quickly retraced until today that bullish action is happening.
Let's take a look at those signals for our own learning and entertainment:
Strong break above EMA10, supported by big volume and a recent hammer candlestick that bounced nicely from support.
The MACD has giving a buy signal and it is starting to curve.
The RSI is really bullish, which is good and needed if we want to hit our targets.
Last but not least, DATABTC is challenging EMA50, this signal only confirms once the daily candle close. Just as EMA10, a strong break is needed and maintained for the bullish momentum to be validated.
If price moves down and touch and break our support (stop loss), then these signals would be invalidated and we wait for a new buy set up.
NOW!... Let's trade!
Streamr DATAcoin Trade by Alan Masters
Buy in: Up to 0.00000540
Targets:
(1) 0.00000630
(2) 0.00000780
(3) 0.00000900
(4) 0.00001090
(5) 0.00001380
Note: Additional targets on chart.
Stop loss: Close weekly below 0.00000400.
Capital allocation: <10%.
PATIENCE = MONEY
Trade with patience... Think and breath, before you buying in.
Relax and stay strong, the targets can be reached tomorrow or it can take several months.
This game is all about learning to wait.
This game, is all about, making money the easy way.
Set it and forget it… that’s what I always say.
Yesterday I learned as much as I learn everyday, and even though I make mistakes, today I wake up ready to go at it again.
I don't know what tomorrow holds but I don't really care.
The past is long gone, the present is where I stay.
Patience is the key!
I know that sounds funny... But patience can get you paid.
Namaste
How accurate are TV volume data?Question for the more informed: how accurate is the volume profile(by price) and volume (by time) on Tradingview charts? (that's without purchasing extra data).
It seems to me, thus far, that it is simply calculated off the candlesticks cause candlesticks alone can show volume buy their size alone.
I heard before that data for FX, gold and oil are all not very "real" or accurate and have been trying to find out, so I've decided to reach out to the community and see what others know and are saying. Do you know where data like this is available and accurate?
Thank you in advance!
data/btcHi all who may see this I am fairly new in charts I was looking into data to but I was just wondering am I on right track with the chart i no it missing a lot of indicators and things but would you guys with your expert skill in the field of charts agree with my buy area and potential sell zones or am I completely wrong would love your input and advice as much as possible thanks all
DATA potential move up
DATA is moving sideway in a parallel channel (not clear one but still) and is about to form a nice uptrend. The only thing I am not sure about is if it will land onto 640-645 before actually growing or if it has already bounced (it can be seen on 15-30 minutes timeframe).
In any case major support is left below, so the trend is going up and I consider that coin safe enough for swing trading. Possible targets are 680-690-700 and 730.
Ready for ExcellenceStreamr has exhibited signs of breakouts in the positive direction time and time again in the recent month and appears to be testing at a phenomenally strong 581, before heading for a 10% upside within the next 3 days.
With the money flow index at a low and beginning to start it's upward trend there is a high-probability for a spike.
Set your gears for 631+, and stop losses at 570.