PIVX: 100%+ Gain PotentialMy previous post about Pivx was a success. I was only able to make 20% off it. However, this time around, PIVX is showing even more gain potential. A lot of signs are pushing for this to go higher and identifying a low point to buy will be great. We have here previous respected level of price and a Cypher completion right on that price. I believe this trade will be a success. What are your thoughts?
Trade with care.
Pivx
Pivx - Time of decision?This is a bit of an experimental Gann chart. I got the count right but the set-up, well, I'm going for the absolute top on that first move, not the first real pull-back. I think there will be something here though.
So, watch where Pivx is on that chart, support below and strong resistance above. But if we can get through that thick resistance line ahead, we might breakout. If she breaks out, I would target around .0027 to .005 (those next red rings and Fib resistance points). If she breaks, Great support at .0004. Low risk trade imo.
I wouldn't enter here (much) but I would hold if I had. With Zerocoin on the horizon, this might be an EXTREMELY good play in the anonymous space. For what it will give with Zercoin, combined with its speed, staking/masternode system, functionality (nice wallets), advanced Dash fork and that low price, this coin could see huge gains once the masses come next year, but beginning over the next few months.
PIVX: My FAVORITE CHART right nowThe Daily PIVXUSD is CERTAINLY my favorite chart right now.
As all the other coins have fallen along with Bitcoin, PIVX held up nicely.
The levels are clear here, and clear levels are the most important thing for good analysis because we know our stops and targets clearly. If this thing gets moving, it could easily 2x, 3x, or 10x it's price.
We had a huge base build from April to August and now it's broken to the upside. The bigger the base, bigger the breakout - it's like rocket fuel.
Entry: Long above 3.00
Target 1: 5.00 (261.8% Fib Level)
Target 2: 7.00 (361.8% Fib Level)
Stop: Daily candle close below 3.00
If PIVX closes below 3.00, then it's a lost trade, but until then, this is one of the strongest patterns out there.
Remember, technical analysis is more about finding clear levels to trade against. High reward targets and low risk stops mean we can make more than a few mistakes and still come out ahead. A trader with a win percentage over 50% is just a lucky trader. But the best traders win 30-40% and come out ahead because they have good reward to risk ratios.
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!! PM me with any trading questions !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections, measured moves, support and resistance.
Successful trading means proper risk sizing and trading small so you can stay in the game.
PIVXBTC: Looking really good, great potential for the end of yrPIVX has been doing really good for the past few weeks and I'm expecting it to continue for the rest of the year. A lot of things are happening with constant weekly updates.
Order Book on Bittrex looks good with buy support. Volume picking up and reaching $1.7 mil (hopefully $2mil very soon).
MACD is below 0 but RSI showing over bought so expect a little sideways movement for some time.
If you haven't heard of PIVX yet, I suggest you read about it on their announcement page here: bitcointalk.org
Very long on this one.
PIVX Strong BULLISH ChannelI really like this PIVX chart on the 60 minute. PIVX is one of the coins acting strong against both the USD and Bitcoin, and strength is good for bulls.
It reminds me of Litecoin's upward trending channel that recently exploded to the upside.
I expect price to continue in this upward trend with a target around the former highs of 4.50/4.60
Longer term on the daily chart, there is a big support level at 2.25. As long as we are above 2.25 then I think this PIVX is a good bullish bet. It could easily move to 10 or 20 in the future.
IF the price FALLS BELOW, the trend line and out of the channel I would reduce my position. Then if the price falls below 2.25, I would exit my position as the pattern is broken.
If the pattern is broken, don't fix it, move on to the next trade.
ENTRY: around bottom trendline
EXIT: around top trendline
STOP: below bottom trendline / long term - 2.25 support on daily chart
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!! PM me with any questions about my analysis !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections + measured moves
Successful trading means proper risk sizing and trading small so you can stay in the game.
XVG Super Cheap Privacy Coin Ready for launchIn case you didn't know all the attempts to regulate and tax crypto has lead to a massively increased interest in privacy coins that can't be traced. Among these are Dash Monero Zcash and PIVX. Not so well known but with a strong dev team and high volume on Bittrex (currently in 11th place) is Verge. currently at 120 sats up from 80 sats a few days ago. It seems ready to get its boost from the privacy community financial pool. Bitcoin is predicted to hit 5k soon but it's going to retrace significantly when it hits about 4950 and all the day traders dump. When that happens we should see a pretty big bump to all alts as money poors back into them and Privacy coins will likely be a first target especially for moving all that new profit around tax free. I suspect Verge could break 1k satoshi's over the next few weeks.
PIVX Descending TriangleIn this case I'm going to consider this pattern to be bullish, since downside potential is limited and there has been an extended period of consolidation. PIVXBTC has been rather resilient, in terms of USD. If PIVX can break out of the triangle, upside potential could match the length of the first touch, marked as a red line inside the triangle and copied to the target area. Coming out of the triangle, there will be immediate resistance at 38.2 and 50 fib levels but with momentum and volume, the target will be .0014BTC. Lacking volume, we will see further consolidation and accumulation while we wait for a new pattern to emerge.
PIVX/BTC Trade IdeaPotential to make a lot of gains on this one. We're waiting for PIVX to either bounce off the current support line, or test it and bounce from the 0.618 Fib level. It seems to be obeying Fib levels really nicely and I'm hoping its no different on this occasion. If it does bounce from the Fib level, the I will look to buy in once the price has confirmed that it has broken back up above that support line. This level has already been tested once before so I' hoping it is able to bounce from it to confirm it as a solid major resistance level. The current ascending support line isn't much to trust as it is using the current price as the second point of contact, meaning that it shouldn't be used to guide our trade. Would love to see the price hit the 0.382 Fib level before taking any profit. If price breaks both current support and the 0.78 Fib level then we will reassess and start again
$ARK — it has that name for a reasonI'd say this chart speaks for itself. This coin popped up on Bittrex in the halcyon days of March 2017, back when $ETH was still under $50. It pumped, but like $CRW, didn't go crazy moon-time like $STRAT or $PIVX did. Instead it established the beautiful fractal pattern you see here. The longer they accumulate, the harder they... distribute? is that how it goes? Anyway, it's called $ARK for a reason: you're gonna wanna get on this boat.
PIVX, scale in opportunityLooking at the 4h chart, there are no indicators for an immediate breakout, but the price is getting very close to the bottom trend line as well as the bottom part of the support zone. Considering the fundamentals of this coin and a number of master nodes that hasn't changed since the big pump I doubt the price will break the support zone and I decided to scale in with 5% of my overall portfolio and set my buy orders within the 50-55 range. If it doesn't touch my orders due to a sudden change, I will miss the opportunity - however, if the price goes below the support zone, I'll cut my losses. The target is to scale out at 70-75 range with a possibility of 25% returns. The approximate ratio is 1:2.5.
The reason I believe that my orders will be filled is that I find the current momentum being in favor of some other trending alts, therefore this coin might be slightly under the radar.
Happy trading! :)
PIVX mapPivx saw an organic growth after a huge rise before the bullish month of May , this is one of the most stable coins, and one of the few that was least impacted by the crash of the market two months ago, I think it is not far from exploding and is still under the radar.
This is not a financial or investment advice, do your own research , im not a professional.