$POWR, New Beginnings…
Weekly
Lookin at our trend timeframe we see price continuing to respect our downtrend, stochastic rsi showing momentum in favor of bears. Will be watching smaller timeframe for entry, possible lower low ahead.
Daily
Shifting over to our pattern timeframe we see price has found support at 2400, and is now testing our dynamic resistance. Stochastic RSI showing momentum in favor of bears, a rejection from this level and expect our price to sell off towards 2100. A daily close above 2600 activates our trade.
POWR
[POWRBTC] Power Ledger Prepares To Move [140% - 575% PP]Power Ledger (POWRBTC) is preparing to make a move. Let's take a quick look at some of the signals we are getting from the charts.
Charts, signals and indicators
Strong bullish divergence on the MACD. Marked with purple line.
Strong bounce from late 2017 support.
RSI bounce from oversold, plenty of room available for growth.
STOCH trending bullish.
Trading above EMA10 and consolidating after breakout.
These are early signals, need more time to develop.
Low risk, high reward.
Here is the long term chart so that you can see the profits potential (PP):
Trade instructions for Power Ledger (POWRBTC) by Alan Masters Trades
Buy in: 0.0000220 - 0.0000245
Targets:
(1) 0.0000291
(2) 0.0000350
(3) 0.0000445
(4) 0.0000512
(5) 0.0000598
Stop loss: Close below 0.0000197 on the daily.
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POWR/BTC can give us over 120%.I'm waiting with my position on POWER LEDGER, as it didn't close that correction as I would like it to (which is 1:1 to previous correction).
Always invest accordingly to your own rules, and never break them (it's the hard part). In bear market I'm looking for coin with decent volume, I'm waiting for low RSI, strong support lines, Fibonacci levels and 1:1 corrections. And Stop-Loss is a must. I burned so many trades just because I didn't set a stop-loss, that it's my top priority now.
POWR has:
decent Volume,
too high RSI (I'm looking for something below 30),
it's close to strong Fibonacci lvl (88.60%),
it's close to 1:1 correction.
So it's still not where I would want it to be, but let's watch POWR for now, as it can grow from 2150 to 5000 satoshi (which is over 120% of gains).
-----------------
DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst. The contents posted by me are for informational and entertainment purposes only. Don't follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.
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POWRBTC - Long - Ichimoku CloudWe had a Tenka/Kijun cross (darkgreen square). It's a pretty simple idea but powerful. We expect and edge 2 edge play with the ichimoku cloud as the bottom of the cloud is working as resistance.
Conservative play
Entry point: 0.00002880
Target 1: 0.00003246
Target 2: 0.00003823
Stop-loss: 0.00002829
Remember to move your stop to the profitable side.
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POWRBTC BITTREXPOWR heading back down to test support at the 3100sat level for the third time. It is forming a descending triangle pattern which usually is a bearish sign. However if this support level holds for the third time it will form a triple bottom which is a strong reversal sign and we may see a decent bounce and a break out of the triangle.
My ultimate entry for a POWR long hold is the 3k area but if it looks like this support is going to hold again I will look for an entry once confirmed.
If it breaks down here then the next key support level is a weekly at around 2950sats.
Watching closely.
POWRBTC BITTREXPOWR is respecting the short term downward trend and is forming into a falling wedge. Coming down to the lowest level it has been for quite some time, I have a buy zone of around 3000 satoshi just above a strong weekly level of support. Once we reach this level I will be watching very closely for potential long positions.
Some potentially huge gains to be made in the mid to long term hold timeframe.
POWRBTC BITTREXAfter breaking out of the long term weekly downtrend, POWR has started to create new market structure with a higher high and higher low. It has now pulled back to a weekly support level which has been respected multiple times.
If this support level can hold, we may see a strong bullish move back to test the previous structure around 5300 mark or even the most recent high at around 6200.
If we break down here we will see powr head down to find support. The next key support level is a weekly support around 2950. This is also the lowest level that POWR has seen since being listed on bittrex.
With it's strong fundamentals it could be a good time to fill your bags for a mid to long term hold if we can hold this support level.
If we break I will be looking for another entry around 2950 for a mid to long term hold.
$1k to $100k Challenge - Day 13 Trade #21 - POWRHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
The first week, I made a few mistakes that cost me. Being greedy never pays off.
Last 9 trades: 7 wins 2 loss
After 12 days and 19 trades:
Wins: 12
Loss: 7
Balance: 0.1878 B
USD: $ 1551
There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.
CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge.
If you are following me, I do not recommend this strategy, but instead please limit your trades to less than 3-5% of your portfolio. Please trade smart.
Alright, here we go with Day 13 trade #21
I invested 0.0878 B into POWR. I bought 2187 @ 4009 satoshi
Sell target is: 4210 for 5% profit
Stop loss: 3818
I will be laddering my sell targets to protect profit.
POWR has good support at this price level dating back to May. This seems to be a common bounce zone and a good spot for trade entry IMO.
RSI bouncing up from oversold, CCI trying to turn positive and the MACD has crossed over and gaining momentum.
In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
Powr\btc target on this uptrend 4700POWR did found support on the 200bb support lines, should test the ema in the bollinger bands on this up momemtum.
RSI also looking ready for this run.
Target: 4700
Entry : 3900
Stoploss: 3700
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$POWR, The Last Dip….
Weekly
Looking at our trend timeframe we see price making a retracement towards our 4000 support zone. Momentum still in favor of bulls after our radical run from 3000 to 6000. Expecting a higher low at this level followed by a wick fill towards 6000. Waiting for price to get as close as 4000 before taking any buys.
POWER LEDGER: FORBES ARTICLE MENTION? - PROFIT = 52.18% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 11th of July 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 52.18% PROFIT!!!
The increase in price may also be explained by positive developments including:
The increase in price may also be explained by positive developments including:
April 24: Power Ledger & Kansai Electric Power Co. To Trial Peer-To-Peer Renewable Energy Trading In Japan.
May 1: Power Ledger & Clean Energy Blockchain Network Partner With Northwestern University For First Commercial Deployment In United States
May 3: Power Ledger in TechCrunch: ‘Power Ledger Deploys Blockchain-Based P2P Energy Trading System In Chicago’
May 8: Power Ledger In Bloomberg: ‘Blockchain May Soon Be Helping Puerto Rico -2.40% Keep The Lights On’
May 23: Power Ledger Profiled In CNET: ‘Blockchain Helps Us Take Green Power Into Our Own Hands’.
June 1: BCPG to install 12MW rooftop solar for Chiang Mai University’s Smart City-Clean Energy project, using Power Ledger P2P Platform.
June 19: Power Ledger & CEBN Partner with Silicon Valley Power on Renewable Energy Tracking for Electric Vehicles.
June 21: Forbes publicises Power Ledger's positive impacts on sustainability in area of reducing greenhouse gas emissions and renewable energy and carbon credit trading.
July 12: Power Ledger featured in the '10 Best-in-Class Smart Grid Tech Solution Providers' of 2018.
The general uptrend in the crypto markets as well as the positive developments outline above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading used in this analysis is included as part of the Crypto Trade Signals subscription.***
PowerLedger VS Bitcoin Volume Increasing PowerLedger still trading within the descending channel, where prevailing trend is obviously down. On the 28th of June POWR/BTC found the bottom at 2847 satoshis, after which, under an increased heavy volume price went up to 6030 satoshis, breaking above the 50 Moving Average.
The upside move resulted in a 110% growth, but then price corrected down, where it found the support at the 50 Moving Average, that has been consistently rejected during the past five days.
Yet again, under an increased volume, today PowerLedger went up sharply, suggesting that the upside momentum is still valid. This should result in further growth and could send price up to the 127.2% Fibs at 6600 satoshis area, where previously resistance has been formed.
Break above the 6600 satoshis could send price much higher, perhaps towards 10k satoshis psychological round number, that corresponds to the 327.2% Fibonacci retracement level.
PWR - Power - Reversal in PlayLet's get right into it!
Indicators:
RSI at 40 and pointing up. Still slightly oversold but more buys going on.
T3-CCI - About to go positive, Green basically means green light to enter trade.
MACD about to cross up, momentum building.
My trading strategy as posted in my Discord group:
bit.ly
POWR on Bittrex or Binance
Buy up to 4500
T1: 4950 10% profit
T2: 5400 20% profit
Stop Loss : 3825
Rating : 4 out of 5 stars
Daily Volume: 419 BTC
POWERLEDGER: PARTNER WITH SILICON VALLEY POWER - PROFIT = 109%!Our " Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 29th of June 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicato r, you would have expected to net 109.08% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 24: Power Ledger & Kansai Electric Power Co. To Trial Peer-To-Peer Renewable Energy Trading In Japan.
May 1: Power Ledger & Clean Energy Blockchain Network Partner With Northwestern University For First Commercial Deployment In United States
May 3: Power Ledger in TechCrunch: ‘Power Ledger Deploys Blockchain-Based P2P Energy Trading System In Chicago’
May 8: Power Ledger In Bloomberg: ‘Blockchain May Soon Be Helping Puerto Rico Keep The Lights On’
May 23: Power Ledger Profiled In CNET: ‘Blockchain Helps Us Take Green Power Into Our Own Hands’.
(NEW) June 1: BCPG to install 12MW rooftop solar for Chiang Mai University’s Smart City-Clean Energy project, using Power Ledger P2P Platform.
(NEW) June 19: Power Ledger & CEBN Partner with Silicon Valley Power on Renewable Energy Tracking for Electric Vehicles.
The general uptrend in the crypto markets as well as the positive developments outline above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading used in this analysis is included as part of the Crypto Trade Signals subscription.***