Daily Bullish Signal $MTL #MTL #MTLBTC #BTC $BTC (3 May)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
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My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the direction I drew. I will always try and practice until PERFECTION is MY OWN
Metalbtc
Daily Bullish Signal $MTL $MTL #MTLBTC $BTC #BTC (17 April)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
======================
My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the direction I drew. I will always try and practice until PERFECTION is MY OWN
MTL uptrendNice uptrend since the middle of January. Totally missed it. But it is pretty manipulated with pumps and dumps all over the way. And thats what we need. But to make this deal safe need to buy at the lowest point, preferable after the reversal. I see that point to be cross of month support and lower channel borders. Of cause if it will fall down there, but indicators show it can, unless it breakout 830 without stopping. In this case I'll buy after breakout.
Metal / Bitcoin MTLBTC, BINANCE 12H up to 31JAN19Metal / Bitcoin MTLBTC, BINANCE 12H up to 31JAN19
12H Chart, Metal (MTL) by January 22, 2019, was able to break over both the 100/200 days MA signals (1), along with an ascending movement from 45 RSI over 70 RSI surfing over this until January 27, 2019 (2), when felt and found support again on 45 RSI and over both the 100/200 MA, bounced back, stayed hovering close to the 100/200 MA signals and now is moving up, with the MACD signals about to positively pierce over the Histogram (3) heading to test the 0.0000800BTC resistance (4), which is the optimistic approach, but remember "Trees don't grow until the sky" it can find resistance and make a correction anytime. Good Luck!
12H Chart, Metal (MTL) el 22 de enero de 2019, pudo atravesar ascendentemente ambas señales MA de 100/200 días (1), junto con un movimiento ascendente desde 45 RSI sobre 70 RSI navegando sobre este ultimo hasta el 27 de enero de 2019 ( 2), cuando se regresó y volvió a encontrar soporte en 45 RSI y sobre ambos 100/200 MA, se recuperó, permaneció flotando cerca de las señales 100/200 MA y ahora está avanzando, con las señales MACD a punto de perforar positivamente sobre El Histograma (3) y se dirige a probar la resistencia de 0.0000800BTC (4), que es el enfoque optimista, pero recuerde que "los árboles no crecen hasta el cielo", puede encontrar resistencia y hacer una corrección en cualquier momento. ¡Buena suerte!
“I believe in analysis and not forecasting.” / "Creo en el análisis y no en el pronóstico".
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
Metal - a hidden gem among oversold coins?!Not gonna lie, I haven't researched this coin. To be honest, I don't care about it's fundamentals.
This coin looks like it is potentially about to E X P L O D E.
This coin is down 97% from ATH.
Back in the early part of December this coin had an 80% rise in one day..
Volumes are rising substantially, meanwhile the trading range for this coin has narrowed significantly.
MACD has been showing bullish divergence for months, and is near the zero-line.
RSI is showing bullish divergence on the daily.
Elliott Wave theory shows a full 5 waves down with an A and B wave already complete.
This is my personal trade. I bought in at 608 and plan to cash out at NO LESS than 900 sats, unless my stop is hit.
I am expecting this trade to be very short to medium term.
This coin has A LOT of room to move, especially if Bitcoin is finding support.
Once I am in profit in this coin, I will just be moving my stop-losses up every x%. A trailing stop loss, basically.
I strongly suspect this coin will produce massive profits for those that hold longer term.
Trade is invalidated with a break below 585 sats.
The above long position is just an example. My stop loss is located just under the previous low.
Stupidly oversold:
Accumulation, anyone?
Divergences:
Closeup:
MTL/BTC What about alts?MTL at the moment broke falling wedge, and now is forming 2 figures: a bull flag, with the future transformation into a bearish flag, which will give MTL impulse for correction, to the newly formed support located in the area 34k sats. up to 40k sats., which is not strong enough to keep a large sales flow, so I advise you to leave a stop loss, which we also revealed using the ATR oscillator.
When MTL will start falling, we will monitor it's behaviour, namely, the oscillators RSI and Stoch. RSI. A favorable outcome described on the chart, where by RSI I indicated the next bottom, and on Stoch. RSI approximate trajectory. The Sell Zone determined combining levels of Fibo. and got the following goals: 48k-51k-55k sats.
What about fundamental:
The thing is that there are no interesting events on this platform, but maybe I'm missing something, so I'm waiting fans in comments! Therefore, we conclude that this currency is not as promising as many others, which is obvious. The idea was published for asset holders.
MTL Metal Long Idea - Ready to take off OR...delayed a bitBuyers beware !!!!
5000-5400 satoshi range seems like a decent enough entry. As close to 5000 as you can get - the better.
But those volume spikes keep me guarded against this one. It seems very risky. I would recommend watching this trade throughout its journey or with a good stop/loss in place.
Read on for more details:
MTL -1.79% looks like it is ready to show some muscles.
The zigzag lines are drawn based on fib retracement levels & fib circle "encapsulation".
* GREEN - very positive outcome
** YELLOW & ORANGE - uncertain, but more likely outcomes.
**** RED - very "negative" outcome. -> as in we might be delaying this takeoff for a while longer.
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BLUE - Possible *LONG* EW Count.
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RSI looks like it is steadily heading into bull territory.
if StochRSI bounces off 25 levels again, it is a very good sign.
Volume has been steadily increasing in the last days/weeks....BUT
BUT!
Look at those random spikes in volume!
If someone is not trying to keep the price afloat, then I'll eat my hat.
If you like this analysis, a "like" is always appreciated & helpful.
For more charts, feel free to follow me on tradingview.
Kudos to tradingview user @Knguyen5 for spotting this one early !
$MTLThe basing phase for Metal (MTL/BTC) has patterned out a very nice looking symmetrical triangle that divides well into ABCDE waves. This took nearly four months! Since Time is not a reflection of sentiment, unlike price; it can't be projected very well. However, the breakout into wae 1 seems solid and the current minor sideways action should end soon for wave 2. The remaining waves 3,4,5 should provide a 0.618 ot 0.78 retrace of the whole correction.
Mtl going to the upside ( 120% profits potential )Mtl, currently in accumulation zone, broke out from the descending pattern and now trying to make another go to breakout from the channel. If it breaks out from the 1100 sat we could see a much bigger reward than initially expected but if not it is going back to accumulation zone.
buy in up to around 0.000500 sat
Stop loss at 0.000314 sat
Take profit at 0.001500 sat
METAL's Cycle is complete. Moving up! ready to make its next move up. It's been consolidating for some months now.
MA 8 ABOVE the MA 88
MA 88 is about to move ABOVE the MA 188.
Volume is BUILDING. The smart money keeping into this coin.
The market cycle is complete so there is only 1 place to move from here...
Looks like we're heading up!
Metal news incomingKeep a eye on metal news incoming next week at a conference, deep retrace and in demand zone, stop-loss should be set below strong support!