PHXBTC
$PHX Rising$PHX breaking out of descending triangle that it has been confined to since its move up to 1000 satoshis.
Bullish TK cross on the hourly suggests a higher high (>468 satoshis) is on its way.
After that, the road is clear to 1000 sats and beyond...
PHX/BTC, retracement wave after waveHi guys !
By the end of September, PHX (Red Pulse Phoenix) pumped and reached more than 1000 sats. Since this pick, the price went back around 400 sats. Currently, there is a retracement of PHX's price with different waves after his fall and the price hit the strong support at 400 sats. This support is the 0.236 Fibonacci line too.
The chart looks like different Elliott Impulsion wave and PHX looks really strong to reach 1000 sats or more agin.
All the details are on the chart, let me know your advice and don't forget to join my Private Telegram Group (link on my profile description).
Thanks for your time guys !
PHXBTCBuy Price: Green Line
Profit: Blue Lines
Support: Orange Line
SL: Below Support line
Invest Suggestion: 20 Percent
Profit Expectations: - 5 - 15 - 25 Percent
Just hold and watch. All targets will be reached in a few day.
But it's recommended to hold it for 7 days if any target not reached.
Sell when you got some profit, according to your way of trade.
I am sure, you will be get nice profit. Good Luck!
It's a matter of time to this coin hit my targets, it's close to the support line!
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PHXBTC possible break up from current wedge - Scalper :)PHXBTC possible break up from current wedge - Scalper :)
If it breaks on top side of this wedge I expect it to come back up and test the monthly level at 506 traders!
$PHX Second Wave (corrective wave) may be nearing its completionIt appears that wave one is nearing completion if not complete already. Based on the strength of the previous impulse wave up (Wave 1) this third wave may have alot of strength behind it as well. I have drawn my targets in a very conservative way. More aggressive traders may want to set higher targets based on price action at the time of the next impulse wave and by using the fibonacci levels (the fib level to the left is the fib retracement of the first impulse wave. The fib level to the right of that is the trend based fib extension of the second wave. Either way nice chart set up for further gains by $PHX.
PHX/BTC Optimal retracement for a 25% run explainedWe got a break in the market structure here, and now we have to wait for some retracement to look for a buy.
There's a bullish breaker nested between .62 and .705 fib retracements which is a great spot for Phoenix to retrace before attempting to break new highs. This retrace would also fill that small void we left during the pump.
Some terms I used here:
- Bullish breaker - an orderblock (a green or red candle, in this case green) that preceeded a move that took out a previous swing low, but was later nuked through. If the price comes back to that block, it is expected to act as support.
- Void - a fast move in the market in one direction, usually in just a few candles and without any proper retracements during the move. Most of the time after the move is done the price will eventually come back to "fill the void". Also called an "inefficient move".
Do You Know That $RPX has Swapped to $PHX? Here Is My Chart IdeaRed Pulse is Revolutionary Research Content Ecosystem for for sharing market insights in China as they are targeting this second largest markets in the world nowadays and keep growing day by day.
“Red Pulse provides a groundbreaking research content platform that simplifies incentives and directly compensates research producers for their valuable insights, while ensuring research consumers can access the research that is most relevant to them. Private portal provides real-time feed and access to 6+ years of archived and tagged research. Research content conveniently categorized into General Macro, Finance, Tech & Internet and Consumer sectors, with an additional 4,000+ tags based on company, ticker, topic and sub-sectors.”
As the platform mature, the price pumped at peak for +353% but the ATH in January 2018 was 5K sats. At the moment it is 375 sats so basically still a lot of room to grow.
RPX / PHX really looks like medium.com don't but the difference is that RPX is tokenized blog.
364 sats is the nearest support and if it break than I expect it will revisit 238 sats if things get worst.
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PHX/BTC Optimal retracement for a 25% run explainedWe got a break in the market structure here, and now we have to wait for some retracement to look for a buy.
There's a bullish breaker nested between .62 and .705 fib retracements which is a great spot for Phoenix to retrace before attempting to break new highs. This retrace would also fill that small void we left during the pump.
Some terms I used here:
-Bullish breaker - an orderblock (a green or red candle, in this case green) that preceeded a move that took out a previous swing low, but was later nuked through. If the price comes back to that block, it is expected to act as support.
-Void - a fast move in the market in one direction, usually in just a few candles and without any proper retracements during the move. Most of the time after the move is done the price will eventually come back to "fill the void". Also called an "inefficient move".
Original idea by Svarog
(When a Bitcoin bullish breakout messes with your idea it's never a bad thing, the concept remains very much the same - Jack)
PHXBTC Triangle, Uptrend Breakout, Save ProfitHello guy, what's up today!
After PHXBTC heavy correction, key support at 350 is hopeful. I believe this triangle break from above. Why?
- RSI still shows us 62 level is touchable.
- MACD is in the uptrend moving.
Resistance on 425 needs to touch because it confirmed on 5th of Nov while price reaches to 408. After that resistance, 420 could push down the price a little bit until 400. any further correction below 400 needs stop-loss. I recommend on 396.
420 needs to test again but if breakout happens from above new targets are 500, 600,700
PHX BTC. I literally didn't know what trading was until last December, so any tips would be appreciated. Here I have what I think will happen with PHX BTC. 70% gain from the bottom support to the 382. I estimate the target to be hit around the 12th. Right around the time bitcoin reaches the conclusion of its current year long pattern.
PHX/BTC - 1D - Time To Buy! PHX hit support and might reverse at this point. RSI is oversold and we've hit a major Fibonacci Retracement level after a massive pump last week.
PHX/BTC After a nice retrace PHX is ready to go! R:R is not that bad
this is the first i'm posting something so dont be hard on me. any idea or suggestions are welcome!
RED PULSE PHOENIX $PHX $BTCDON'T SAY I DIDN'T WARN YOU !
White horizontal line represents the 390 satoshi price that $PHX began trading at on Binance.
But who knew about $PHX then? Just me. Now, you do too.
Having peaked $100,000,000 in trading volume (its btc pair on binance exceeded even Binance's btc/usd volume) there is newfound interest, and more importantly new money in this coin.
Catch the ride back up to 1000...
Cheers
$PHX - The Sky is the LimitAfter seemingly bottoming at 450 satoshis during today's #BTC selloff, $PHX looks like it's offering a nice entry under 500 sats.
If #BTC holds up, $PHX is positioned well for a re-test of this past weekend's highs... the sky is the limit for Phoenix.