THCBTC
THC: High Probability BounceIf you didn't catch the BITTREX:THCBTC -21.54% train before the massive rally this might be a good opportunity to catch a bounce which may lead to a retest of the previous high. THC 1.14% is currently oversold an has may be completing the initial correction from the original rally. It is uncertain where the price will be able to breach previous highs as there will likely be profit taking at those levels for fear of another drop. This is a definitely an alt that can make quick and decent returns but demands a high risk tolerance. Or you can just play it with a tight stop...
THC at the bottom of its trading range on shorter time framesTHC is right below 1 standard deviation of the mean for its trading range on the 30m and 1h charts, after a substantial retracement of the prior bullrun. Continuation pattern is likely to push the price back toward the upper band of the range, potential 25-50% gain on current price.
There has also been a reversal signal on the TD sequential indicator with a price flip followed by a higher high on the 30m chart.
THCBTC PatternThere seems to be a pattern in THCBTC or Hempcoin, that consists of 7 small waves between significantly large movements.
I tried to average out time measurements between the waves, as well as price measurements from before the start of the large impulse waves, to the peaks.
I did the same with the smaller waves, although they are kind of inaccurate due to the fact that they didn't really fit on the chart.
To me, it seems like a good time to buy now, and set a sell order significantly above current market, around the avg % increase of previous large upward movements.
$THC next target; 500% profitsEarly entry - red. Good entry - blue. Perfect entry - orange or lower. Mid term targets are 400, 550 and 760 sats. Correlate your entry/exit with $BTC movements or coin’s updates, news, announcements, etc.
