#POLYBTC #cryptocurrency consolidating with the general marketand providing some nice entries for long-term plays. I like POLY for a number of reasons fundamentally and I'll like it even more closer to these zones. Could it enter back into the channel shown if the general market continues to weaken? Absolutely. But, as this is generally for a longer hold for me, I'll tackle my entries with position sizing strategies to mitigate the effect of this weakness.
POLYBTC
Poly finding support on the retracePoly had a great run last week. Essentially went 2x and has retraced to the .38 fib level. Pretty bullish on this shitcoin-token/stock issuer. Actually has working tech behind it so that "you get a shitcoin, you get a shitcoin, you get a shitcoin." Will be watching closely to get back into it, hopefully scaling in around 8100. Next target is 15k satoshi.
POLYMATH NETWORK: CRYPTO BOTTOM SIGNAL = 66.83% PROFIT!!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 22nd of April 2018 .
Using this buy in point and selling at today's price, you would have expected to net 69.11% PROFIT!!!
The increase in price may also be explained by positive developments including:
February 14: Polymath Network gets listed on Kucoin cryptocurrency exchange.
April 7: Polymath release an update to it's core codenamed "Toro".
April 9: Polymath Network gets listed on Bittrex cryptocurrency exchange.
April 20: Polymath and Trustroot Partner on Verification Service for Security Token Offerings
April 21: Polymath is pleased to welcome our newest advisor, Michael Hyatt. Michael is also a weekly business commentator on CBC and was a celebrated “Dragon” on CBC’s online Dragons’ Den.
April 25: Polymath joins the Blockchain Research Institute along with Aion, Decentral, and Salesforce. Blockchain Research Institute is a multi-million dollar global research initiative undertaking the definitive investigation of blockchain strategies, opportunities, and implementation challenges. Other new members include Navigator Limited, the first public relations firm to join the institute, and brand management agency VIKTRE.
April 26: Polymath and CrowdfundX, a company focused on AI-powered digital marketing, have agreed to pursue a collaboration to offer CrowdfundX’s digital marketing services to security token issuers on the Polymath platform.
April 27: Polymath released guide to launch A Security Token via Polymath.
The positive news combined with the uptrend in prices from the general crypto markets can explain the increase in price.
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/BTC is bullish!!! (Confirmed Breakout)Profit Targets:
0.00005769
0.00005963
Stop loss:
0.00005430
Have a nice day,
Berk
POLYMATH (Enabling trillions dollars securities on blockchain) Polymath is one of the good projects with great upside potential. Could be in top 20 in CMC by 2018 end.
After a heavy downtrend , its now getting ready for another wave up. Target is mentioned in chart as a flag. My buyzones were greeen box. I forgot to post this chart earlier . If it reaches back to that levels, just fill your bags.
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