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Waltonchain

WTC ready for re-entryI want to lead this off by saying I only enter swing plays on positions I feel confident in long-term as well (never subscribing to greater-fool). WTC is a solid project and a great competitor to VEN. However, this trade is based off pure technicals. First, let's look at WTC's recent bull run, which followed an almost textbook 5 wave pattern with a 3 wave retracement. If you zoom out even more you'll see this bull run was actually the completion of textbook "cup and handle" pattern, where the run was the break out of the handle. Now that we have retraced back to the peak of the first wave you can see we are breaking out of the descending action and crossing several moving averages in the process. The indicators are very bullish and confirming on multiple time frames. I'm not going to go into too much detail on this, as I feel the technicals speak for themselves. Side note, I entered aggressively this morning at approximately 272K satoshi but have been a bit too busy at my real job to post. Sorry! Entry: break of 275K satoshi on a bullish move. Stop: 265K satoshi Target 1: 320K satoshi Target 2 (if we bull through 320K satoshi): 375K satoshi Target 3 (if you are a medium-term trader, as this will be a while): 450K satoshi
WLong
by calcie
1
Be careful with WTC - don't buy the ATHWTC has so many bearish signals right now I don't even know where to begin. Volume divergence. WTC is rising on decreasing volume. RSI divergence. WTC rising despite weakening RSI. MACD divergence. WTC rising despite weakening RSI. Then there's the elliot wave analysis, which pretty clearly shows a retrace must be imminent. Even if you dont believe ANY of that, simple trendline analysis shows that a return to the lower trendline will occur at some point. If you're buying this... stop.
WShort
by calcie
8
Walton making a moveSo WTC has filled in a bearish broadening wedge which looks very much like the first ascent we made breaking through the first broadening wedge in what was the first wave. At current price levels we are currently touching intermediate trendline (possible entry point) and will likely bounce back into the tip of the second wave making a 162% increase from the first one if we follow the golden ratio. After which we could come back and test longer term trendline (thicker black line). These arrows are simply the broad strokes, of what i think the midterm price action will look like. Obviously if the price breaks mid or long term trend lines it could be a reversal.
WLong
by MysteriousPersian
3
Healthy and Growing, buy Walton (WTC/BTC)Expanding on this opportunity for WTC. I am pleased that this idea is panning out nicely. From my chart yesterday, WTC rose with great bullish power, bounding to several new all time highs before the bears gained control around 0.00335. Experienced a healthy correction overnight and now appears set for another run today. Looking at the 1 hour charts here with this idea, WTC looking to reverse trend now and move back up. I recommend buying WTC now and holding over the weekend to ensure you do not miss the news on Sunday. Indicators used: - Support levels appear to be holding strong at ~0.0030 (more accurately at 0.00295) as predicted yesterday - 1 hour charts confirm bearish energy is used up and reversing downtrend - Currently in oversold conditions - signaling bulls time to return *Notes: - We may see another period of retraction or consolidation before rising to new all time highs, set your stop loss at 0.0027 if buying in now. - I am very confident in this buy long term, I do not see WTC going this low ever again.
WLong
by Chuckles456
6
Waltonchain: The bigger pictureWaltonchain has been a longterm favorite of mine. Anyone who read my Vechain analysis knows I'm very bullish on blockchain + RFID projects and WTC is probably the first project that started in this area. I named Vechain the louder younger brother (but with great potential), making Waltonchain the wiser, older brother. The reason for this, is that WTC does not hype. They just drops bombshells of announcements in passing, without really putting any emphasis on them. Several times they just mentioned something in Slack and nobody grasped the full meaning of it, untill someone really decided to dig deeper and then found out about another great partnership. The team just did not really care about Western marketing and fully focussed on developing. And that is where Waltonchain shines. Their fundamentals are about the strongest I have seen during my time in crypto. They developed their own RFID chips that are perfectly designed to work with the blockchain and they own around 7 patents (and more pending) about this technology. They came up with the idea of Guardian Masternodes that rewards early investors if they locked up their coins before 10 December 2017. This in fact removed a major portion of the circulating coins from the market, greatly reducing the supply, while demand increased. I could go on about the fundamentals of WTC, but please, if you are interested in RFID + blockchain do some own research about WTC and you will quickly join me. The best part is, is that they are only now starting to focus a bit more marketing on the Western world, so they are still relatively under the radar here. Looking at the chart, we can see that WTC already made a big move in September. At that point the China FUD started and WTC corrrected quite deeply. But now we picked up the pace again and are in the middle of Leg 3 and we have made new ATHs. At this point we are consolidating a little before we have the final push up after which we might see a correction again. However, there is a lot of upcoming excitement for WTC (i.e. conference, rebranding, mainnet) so the correction to 4 might be much shorter than we have seen from 1 to 2. After that; moon.
WLong
by heiders
2
Walton (WTC) Is This The Top? (Binance coin)Walton (WTC) Chart Analysis The daily chart looks pretty good but WTC might be running out of steam. This coin is #39 in the Top100 cryptocurrencies by market cap. A very strong coin. Walton (WTC) reached a new all time high yesterday on Binance @ 0.00345. After reaching a new all time high we normally retrace. Let's see what the charts have to say. >>> Analysis - Today's candles looks like a classic retrace. To know if this will be just a small retrace or a correction we will need more time. - The indicators are on the bullish zone but turning bearish (curving down), which is an indication of loss of momentum. This is true for the MACD, RSI, STOCH, DMI & OBV. - On the shorter time-frames, 1h, 2h and 4h charts, the retrace is already underway, but it doesn't look like a correction, so far it looks like a retrace with a support found, where we can accumulate for another run up (another test of the last all time high). This of course can change anytime as this information is based on 1-4 hours candles, so these signals vary very often. - The weekly chart is bullish, but the candles are telling me that some consolidation is needed. Not enough information for the indicators but things are good overall. >>> Notes for trading WTC If I was looking at this coin from the sidelines, I would wait to see when a strong support is found. You can look for this on the 4hours chart or any chart you enjoy for a period of several days. If I were already in this coin, I would be selling good portions of my stack, specially depending on my buy in price. With a 500% increase in the last 20 days, a retrace is something completely normal and even expected. Use this information to your advantage. This chart is young, right now anything is possible, so trade at your own risk. Thanks for reading. Namaste. P.S. I hope you enjoy this trade idea.
W
by AlanSantana
13