WBTUSDT 4h Our Long-term trade, filling 3 out of 4 orders WBTToday we will show a clear example of how works long-term purchase with delayed limit orders or, as the people say, "buckets in a downpour"
A few days ago, we published the WBTUSDT chart and, accordingly, 4 levels for long-term token buying. As we like tokenomic of WBT and consider it promising. More details about this in our previous idea:
In a matter of hours after publication of our idea, the WTUSDT price soared twice.
Let's be honest, we didn't record 100% profit, because our take profit was $12.60, since we wrote the ideas.
But this is a long-term investment, and we did not expect such a quick growth)
Then there was the fall of the entire crypto market, and of course the WBT price was not an exception and fell as well.
But we were a little lucky on the fall.
Delayed limit orders - "buckets" were filled on the strait.
Now we have an average purchase price of $3.50 per WBT and it is still twice as expensive as the start of trading, for which we were late)
But this is our deliberate long-term investment with a part of the trading deposit allocated for it. And we will not fix profit faster than x4, and maybe even higher, let's see what the cryptocurrency market will be like.
But two hours ago they published a tweet about the listing WBT at Huobi on 09/22
This is only the first listing WBT on crypto-platform other than "the parent", but the price WBTUSDT has already been well bump up per 2 hours.
Summarizing:
We still have a limit buy order at $2.5, and we are placing another one at $2.25. But this is if we are lucky with a bonus to the main position at an average price of $3.50)
Our minimum long-term investment target is $12.60 per WBT, and the maximum is not yet known)
You decide whether to buy WBT or not, because these are your assets.
We are just sharing the method and our experience of buying "buckets" that have been working on the cryptocurrency market for years
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Whitebittoken
WBTUSDT 🔥Buy levels for promising WBT token with the goal x3-x4Today, we want to introduce to you a new trading token WBT - token of the largest European crypto exchange - WhiteBIT
On August 14, a presale of 1 million tokens was held, which were sold out in 15 minutes. A great result.
On August 25, token trading started at $1.90,
WBT token price $4.18 at the time of writing the idea (+125% from starts)
Currently, in circulation - 63 mln. coins
Basic conditions of tokenomic :
- maximum issue - 400 mln. (of which 200 million will be unlocking within 3 years)
- weekly token burning according to an open formula. The exchange will redeem a weekly amount of tokens equal to the sum of 33% of WhiteBIT's trading fees and 5% of other uses of the exchange. For example, 30.08.22 burned 973841 WBT, September 6 and 12, 1.5 million coins were burned twice, the next burning is on 20.09.22.
- reduction of trading commission and high 40-50% for staking to WBT holders
- own blockchain, launchpad, listings...
In short, a complete full package, which is cleverly packaged and implementing
It is necessary to understand that the coin is young, liquidity may not be enough, but this fact makes it possible to make very tasty investment purchases.
We placed equal orders to buy WBTUSDT on a grid: $4, $3.50, $3, $2.50
As a result, we will have "a tasty average price" for the overall WBT position.
Our global target for medium-, long term trade = $12.6 per WBT
In our opinion, there are many similarities "in packaging and promotion" with the most popular exchange token BNB at this moment.
We are not implying anything, but the BNB once cost $0.50 and at the maximum it was $691
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
WBT | WhiteBIT Token | Cup and Handle Pattern | Bullish VolumeWhat is WhiteBIT Token?
WBT is a utility token of the largest European cryptocurrency exchange, WhiteBIT.
The platform was established in 2018 and has already become one of the leading crypto exchanges with 3+ mln users worldwide.
They launched their token on August 22 (this month).
As the price is developing we can see that the first pattern that is taking shape on the 4 hour time
frame is a "Cup and Handle Pattern".
This is a bullish pattern now showing that the price has a very high potential for the next bullish wave.
I am keeping conservative targets for the time being for the 3-rd wave development of the Elliot Wave but it can
also extend up to the 5-the wave and to complete probably higher than the 5-th wave that I have pointed out on the chart.
However considering the increase of the volume that the token should have, considering that it is very new, the price
should rise faster during the coming days.
Thank you and Good Luck!
Types of Cup & Handle Pattern
When The Cup & Handle Pattern is completed in a Bullish Trend it is classified as a "Bullish Trend Continuation Pattern"
When The Cup & Handle Pattern is completed in a Bearish Trend it is classified as a "Bearish Trend Continuation Pattern"
Targets
A minimum profit target for this pattern is the measured distance between the bottom and top of the cup.
This distance is added to the price in the sharing area.
This is the minimum profit target that applies to this model and we should know that the price may also continue the movement of the major trend.
For more details check the idea below:
How is The Cup & Handle Pattern Formed And Traded?: