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Waltonchainbtc

Risky Falling Wedge Buy Opportunity2 Month Downtrend After 3 months (March-June) of chop, WTC/BTC has now been in a 2 month downtrend. Quick Falling Wedge Play This downwards channel has had one previous falling wedge pattern, with a quick breakout resulting in ~25% profit. We are now at the convergence point of another falling wedge pattern and we see an opportunity to buy here at the support and sell in a few days for a potential ~20% or so profit. Positives: Price at base/climax of falling wedge RSI and Stoch RSI are oversold on the daily Volume seems to be picking up since we started the downtrend Possible bullish divergence on the Stoch RSI Uncertainty Leading up to August 16th However this is still a high risk play, especially because Waltonchain announced on their Telegram AMA that on August 16th they are airdropping WTC tokens to WTCT miners. This could mean that once they receive these free tokens they will dump to recoup their mining costs. I have seen angry posts about this on Reddit and Telegram so it's possible that leading up to this people could dump out of frustration/distrust, invalidating our falling wedge pattern. Strategy: Set buy at 0.000477 Consider buying some now or if it does break above 0.00052 resistance Stop at 0.00046 Sell half at 0.00058 and possibly wait to see if it breaks above the resistance
WLong
by gumbyguy
There is a possibility for the beginning of uptrend in WTCBTC Technical analysis: . WALTON/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 46. . While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue. Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.00100 to 0.00080). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00100) Ending of entry zone (0.00080) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00125 TP2= @ 0.00148 TP3= @ 0.00179 TP4= @ 0.00197 TP5= @ 0.00234 TP6= @ 0.00278 TP7= @ 0.00380 TP8= Free
WLong
by ForecastCity
WTCBTC , Walton would probably begin a new uptrend !!Technical analysis: WALTONCHAIN/BITCOIN is in a down trend and Beginning of up trend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 43. Trading suggestion: *The price is in a down trend, but we forecast the uptrend would begin. *There is possibility of temporary retracement to suggested support zone (0.00148 to 0.00125), if so , traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00148) Ending of entry zone (0.00125) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!) Take Profits: TP1= @ 0.00179 TP2= @ 0.00197 TP3= @ 0.00234 TP4= @ 0.00278 TP5= @ 0.00380 TP6= Free
WLong
by ForecastCity
WTC buy signalBefore anything I have to say that a loss of the 4H higher low will invalidate this entire set up. However if we hold the higher low pattern we should see major continuation to the upside. I am not entering a position until the double top/Fib level is broken with convincing volume. Targets are the yellow boxes. 1/3 each sold at both of the boxes and the rest I will let ride. As long as BTC channels in its current range, or sets up bullish, I think WTC will see continuation. Be patient and wait for the breakout , or buy now and set a stop loss right below the last 4H lower high. Bad R/R if you play it that way though. Buy the breakout. It is also worth it to mention that we may not see much resistance up the the 0.382 FIB level. Major resistance expected around the .5 FIB though. New twitter account, follow me there for more chat updates and daily profit/loss.
WLong
by jamiediamonds
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