POLYMATH - Buy Opportunity - 56% ROI - 8.8:1 Risk/RewardWill update the chart when a clear consolidation zone appears for a safe entry point, however I'm liking the signs already for a long term hold:
1. Steady accumulation period without any significant breakout
2. Smaller breakout on 15 min chart that has reach profit target = bullish sign
3. High return on investment (56%) with 8.8:1 risk/reward
4. Buy low & sell high
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
POLY
The wrath of POLYMATH, and a botchy fibonacci. A little back story on POLY. It is the only ST-20 (their term) in existence which aims to be able to qualify ICOs and be a vehicle for tokens to be traded as securities.
Since the only major exchange it can be found on is Bittrex, a lot can be gleaned from the huge increase in volume for POLY starting on April 10th. This coincides with the day that Bittrex opened up new user registration that had previously been on ice since December '17.
Surely it's not the only one that exploded like this, but it is obvious that POLY is highly desirable...and for good reason, it is attempting to tackle a multi-trillion dollar problem for investors: How to make real life assets (business', apartment buildings, etc.) tradeable.
So that being said, the hardest part is calculating the waves. Sometimes, two scenarios make sense but if the wrong one is chosen. That is exactly what happened here, the best thing to do is just take it on the chin and move on.
I'm still a pollyanna for POLY, big time future.
xoxo
GoldenParachute
steemit.com
