MTLBTC
$MTL THIS TIME IS DIFFERENT
Idk how many times I have to get my pee-pee slapped before I learn but.... I’m thinking about re-entering $mtl
- Blockfolio says its down about -86% but it’s more like -94% since its not accounting for Bittrex data
- ICO investors are still up 12x, meaning there’s definetly still room to go down
- Binance has turned off the volume machine, so volume is irrelevant since we don't know the real numbers
- Most people have capitulated, including me...
- currently sitting at post initial listing price
- Momentum is pretty bullish
- Upcoming release, and recently released previews bringing bullish sentiment.... Only if the team can actually follow through with what they put out
we shall see what happens, I don't care about the project anymore so ill dump immediately if the trade goes south
MTL - Oversold and UndervaluedLooking at the 4-hour chart for Metal, I find it hard to believe it is this cheap. The price action is in a falling wedge pattern as it approaches the yellow support line of a triangle. You can see bullish divergence on the MACD and in its currently oversold state on the RSI, I am anticipating a nice jump from this falling wedge. If you are not familiar with Metal, it's a project that hopes to bring crypotcurrencies to the masses. How do they do that? Well essentially Metal is like Venmo, but for crypto. Users can have a bank account on Metal allowing them to purchase, send, receive cryptocurrencies with ease without the hassle of using a crypto-fiat exchange. You will also get a debit card with your Metalpay account so you can use Metal for everyday purchases. This is key for usage and adoption as most merchants that do not accept crypto as payment yet. Plus earn 5% on purchasing, sending, or receiving Metal. They also recently acquired Crumbs Technologies with the intention of utilizing its micro-investment application within their payment processing platform. I like this project and the team. If they get listed on another big exchange or relisted on Bittrex, I would expect a big jump in price in volume. Minus any BTC collapse, this price is a steal.
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/USD QUADRUPLE BOTTOM WOAH Long AF on this thing.
Being that MetalPay will be a fiat gateway for crypto, there has been lots of speculation that whatever entity/MM controls the liquidity of Metal, certainly measures their spread in USD; thus it is more accurate and insightful to weigh Metal against USD than BTC.
Renko chart to eliminate volume noise to simplify chart
Clearly price is about to spring board out of this channel, only a matter of when. I expect big FA catalysts to occur at any moment this summer, which could easily push MTL to new all-time highs. Marshall Hayner is clutch, Richard Branson is clutch, something something Facebook....
Buh, MUH FAKE VOLUME!!!!!So, check this worthless piece out.
I've been hearing a lot of whining such as "Buhh, muh triangle!" "buuhhh, it was supposed to break out" "buuhh, that volume looks fishy!".
Well, I got news for those sweet pants: NOBODY WASHES VOLUME LIKE THAT IF THEY PLAN ON IT GOING DOWN LONG TERM. This has got to be one of the most epic accumulations I have seen EVER. What, the bots just buy and sell their own orders? F-NO! They are sucking up all that sweet cheap MTL nectar all the way. And yes, they are savage; ensuring everyday turds are capitulating because they are impatient.
Why? Because the TWITTER OG's, that's why. Every scummy twitter OG is shilling, or has mentioned, this total piece of crap. Man, I can't wait until Richard Branson and Virgin make this their OFFICIAL currency.
*By twitter OG's, I mean people who are definitely out of their league on this one, somebody much bigger than those turds is accumulating this. (I'm looking at you BLOCKCHAIN ROBOT GUY and CRYPTO RAND PAUL THE LIBERTARIAN)
Anyways, it's going to pump. And by pump, I fully expect this hot piece to get back to 10+$ or, in satoshis...2Billion.
Metal make or breakMTLBTC currently in equilibrium, and so far has respected the upward green trend-line and has a clear break-out level defined at 6000. A break above this level would easily meet the 7500 and 10000 levels, and a break below 5000 would be bearish and would send it down to as low as 2500.
METAL MTL ----Not done yet!---Hello all, hope you are all having a great day! Markets are starting to turn bullish, especially alt coins! Lots of alt coins have have started breaking out or have broken out from their accumulation levels.
MTL was one that has been in accumulation for many long months, and has finally broken out of its tight consolidation...
I see a bullish 20/50 day crossover on the daily which has confirmed an uptrend break! Also, all ichimoku resistances have been cleared (I did not add ichi to keep the chart less cluttered)...I am currently seeing two major hurdles for METAL..
72k sats which is the first target to take profit zone...horizontal resistance...
82k sats which will be the .618 FIB resistance. Still clear for much more room for growth, but we are looking at a 40% gain! from 59k sats. I got in at 52k sats so this is a short-mid term swing for me.
I hope I have helped you give a clearer picture. I will update the chart in case something else changes, or if targets can be moved up!
Thank you all,
Alfredo
#MTLBTC #cryptocurrency steadily trending up, ready for a swinghigher. Excellent risk/reward levels of 1:4, 1:6, and 1:8 in a well defined channel up. Hasn't been affected by the recent pumps in many other tokens and may not be on many radars. While the daily volume looks good, if you look at shorter time frames like the 4 hour chart, you'll notice some odd behavior here in the volume, which you don't see on other exchanges. Not sure what it's caused from since it's only an observation right now.
Choppy volume:
Either way, good entry here, possibly add at the trend line test.
Long MTL/BTC idea may-juneObvious accumulation that has been ongoing for a long time with some kind of ascending triangle. I bought around 50k near support of the asc tri, still a good time to buy in imo.
Breakout of the asc tri should lead to an insane move, I'm expecting this to happen sometime in may.
METAL - Buy Opportunity - 121% ROI - 6.6:1 Risk/RewardReasons to buy using a STOP LIMIT order to BUY when prices cross the consolidation zone:
1. Valid break-out pattern with a clear consolidation zone
2. Increase in volume prior to break out
3. Long accumulation period
4. High return on investment (121%) with massive 6.6:1 risk/reward
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial a
MTL Looking Delicious - Looking for 80% Return After BreakoutAccumulating volume steadily increasing, in a major symmetrical triangle, waiting for a breaktout but this looks hard to pass up at the moment. Confluence of long term and short term fib levels is the target, also roughly the height of the triangle