Ontbitcoin
ONT/BTC (Strong Bounce, Testing Key Resistance)BINANCE: ONTBTC
-Ontology bounce strong and confirmed the upward trendline support
-It is now retesting the flat area of resistance around 800 sat range
-If we can see a resistance breakout and a good retest to become new support
-It is a signal of a strong trend reversal in the midterm
-The upside potential target is up to 1500 sat (previously strong support)
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Inverted Head&Shoulders Pullback on ONT Hello Traders,
ONT is forming an Inverted Head&Shoulders and it seems to be confirming this pattern with this pullback to the neckline. If the price goes above yesterday maximum will be a pretty bullish indication that this asset is going up.
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ONT/BTC TA Update (new accumulation zone?)ONT/BTC
ONT broken key support at 680 sats level and made a new lower low, with this,
the market structure is now broken and it will take a lot of action before a new setup is potentially feasible.
But based on the trend-line of support I made, the area between 600-500 sats levels
has the probability to become new accumulation zone for ONT future growth.
ONT ANALYSIS (TIME TO BUY THE RETRACE!)ONT
ONT recently had a failed break down, which was eaten back up by buyers creating a bart pattern. ONT sits back at a strong support line at 700-725 sats. This is a great entry zone as ONT has plenty of room for growth form here. A break thru of the 50 MA at T1 of 780 sats is expected to come this week. Once T2 at 830 sats is broken, a small frenzy of buys should push ONT in the direction it needs to hit T3 at the daily resistance block of 960 sats. 200 MA has dropped close to 50 & 100, making it possible for a bullish cross of both 50 & 100 OVER the 200 MA. This could be a great setup for long term as well. This is definitely something I would recommend a buy in near 700 sats. All signals are pushing for a buy here.
Possible Entries: 700-725 sats
ONTBTC formed bullish BAT | Upto 56% move expected
Priceline of Ontology (ONT) with Bitcoin pair has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below:
Buy between: 0.0000757 to 0.0000701 sats
Sell between: 0.0000892 to 0.0001096 sats
So mid term trade has potential to give upto 56% profit move.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
ONTBTC has hit the support | Upto 367% profit expectedThe priceline is moving within a falling channel and hitting the support after Dec 2018.
The MACD was strong bearish but it has turned to weak bearish.
RSI of week chart is visiting oversold for the 1st time.
Stochastic is also oversold and gave bull cross.
After taking complete price action of channel within fixed range of volume profile it can bee seen that the traders interest is weak here.
The priceline will move up soon to hit the sell targets insha Allah.
I have defined the targets as per fibonacci method and those targets are as below:
Sell between: 0.00021413 to 0.00035931
Regards,
Atif Akbar (moon333)
IS THIS A REAL BAT ON ONT LET US SEEWe think that ONT Finished to form bat pattern and we will start to go up targets you will find on chart
STOP LOSS close daily candle under Buy area
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ONTBTC - Good buy opportunityHere's a sweet Symmetrical Triangle , waves indicated by arrow and Target given by T1 and T2. Mostly chances are with upside breakout...
Blue range determines the Final target. Currently, the market is testing a golden ratio of 0.32.
If pattern breaks then it may probably come to our support range(Purple box)...
Trade with stop-loss
ONT Bulls Fight to Regain Moving Averages as SupportAs we have seen as of late, the ONT bulls have been holding the 100MA as major support on the 4HR chart.
Once the uptrend line from the bull wedge broke, so did each of the MA's as support on ALL time frames. And the bears are dancing.
I don't think the bulls are done yet, this is just a price correction and what goes up must come down. Healthy consolidation, but it doesn't mean we are in the clear.
If you are trading, keep TIGHT stop losses and watch the MA's on each time frame. Once we regain the 15min as support, zoom out to the 1HR, then 4HR, and 1D.
A lot of work cut out for the bulls, but a 20% bull run can happen just as fast as this 20% bear run.
-J DOT CRYPTO-
A trading opportunity to buy in ONTBTCTechnical analysis:
. ONT/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0003200 to 0.0002200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0003200)
Ending of entry zone (0.0002200)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0004100
TP2= @ 0.0004500
TP3= @ 0.0005000
TP4= @ 0.0005530
TP5= @ 0.0006700
TP6= @ 0.0007840
TP7= @ 0.0009490
TP8= @ 0.0011590
TP9= Free
A trading opportunity to buy in ONTBTCTechnical analysis:
. ONT/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0003200 to 0.0002200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0003200)
Ending of entry zone (0.0002200)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0004100
TP2= @ 0.0004500
TP3= @ 0.0005000
TP4= @ 0.0005530
TP5= @ 0.0006700
TP6= @ 0.0007840
TP7= @ 0.0009490
TP8= @ 0.0011590
TP9= Free