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LOOM Network / Bitcoin

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LOOMBTC trade ideas

Loom Network Bullish Lower Low (Reversal Signals & 3,500% Pot.)Loom Network (LOOMBTC) recently produced a long-term lower low. This happened as it broke a support level from January 2021. This is a bullish lower low based on a simple revealing signal. While November 2024 produced an All-Time Low (ATL), this event happened and very low bear volume. This low selling volume and pressure indicates that the down-move is weak. There is no liquidity left on the downside. Bear volume has been decreasing since September 2022 and seeing how the Altcoins market is behaving now and how strongly Bitcoin is performing we can guess and assume that it is only a matter of time before LOOMBTC wakes up and recovers. A recovery can translate into a very strong bullish wave. Why? Last's years bullish jump between July and October (2023) produced an astonishing 1,370% wave. This type of action reveals how strongly this pair can move. With early reversal signals, low volume and a strong bullish divergence with the MACD and RSI things can soon change. The weekly RSI bottomed in June 2023, more than a year ago. This produces a strong bullish divergence. The current reading stands at 44.53 which is pretty strong for a pair trading at bottom prices. The MACD has a long-term bullish divergence, since 2019 and more recently produced a bullish cross —June 2024. This oscillator has been slowly rising for the past four months and is set to enter the bullish zone in the coming weeks. So we have bottom prices with strong early reversal signals starting to show. The only way to catch a bottom is to buy when prices are trading low, near support. This pair is down now, a good choice to buy and hold. It can take days to move up but sometimes it goes for longer and it last months. But when they move, they move and the move tends to be strong. We have to be smart when approaching these pairs/charts. Make sure to do your own research and planning. They have all been moving one by one but patience is necessary to win. Thanks again for your support. Namaste.
Long
by AlanSantana
1
Loom Network vs Bitcoin | 555% - 1,453% (Interesting Pair)Loom Network hit a new All-Time Low recently vs Bitcoin, technically, a double-bottom. It is a double-bottom because both lows are very close to each other and that is all that is needed for the definition of "double-bottom" to be valid. This a long, long-term double-bottom because the last low happened December 2020, almost four years ago. The new one came in last month; August 2024. ➖ Ok. The Tether pair (LOOMUSDT) has been growing long-term and printing higher highs, here we can see something different and for an obvious reason so I don't have to explain. ➖ We have a very strong correction recently, LOOMBTC, a steep decline. We know that a steep decline is balanced out by a fast and strong rise, thus the bullish potential. ➖ LOOMBTC does not look ready to grow but the chart will soon print clear signals pointing toward a reversal of the bearish trend. ➖ The weekly RSI is showing a bullish cross and a long-term bullish divergence while the MACD hit bottom and is trending up. This can be an interesting pair in the coming cycle... Another one! Namaste.
Long
by AlanSantana
✳️ Loom Network Part 2 | First 250% Or 1,150% PotentialThe same dynamics present on the LOOMUSDT chart are present here on LOOMBTC, the difference is in the potential and of course, Bitcoin vs Tether. Some people like BTC pairs (ALTSBTC) while others prefer USDT pairs (ALTSUSDT). People tend to levitate towards USDT pairs because it is easier to calculate, which means that experienced players will focus more on the BTC pairs. The name of the game is Bitcoin, so it is only normal to learn and calculate those. They tend to move less frequently when it comes to the bigger cycles but it is worth the wait when their turn comes. For LOOMBTC we have a falling wedge, higher low... Same dynamics. 3-Jan we have a long lower wick on the candle with low volume and as a bounce happens today volume starts to grow... This might be near the correction low by the way, huge potential on the way up. Details on the chart. Namaste.
LLong
by AlanSantana
2
Loom/BTC by RB Hello, friends!🫶 Check it out! 🧐The price looks great at the moment! The formation of the wedge is coming to the end. Previous wedges worked out fantastically! Just take a look!😱 March of 2023 - 🚀 160% October 0f 2023 - over 1000% 💥 💡So what is a wedge? The wedge pattern can either be a continuation of an existing pattern or a reversal pattern, depending on the type of wedge and the previous trend. There are 2 types of wedges indicating that the price is consolidating. 1️⃣ The first one is ascending wedges, where the price is contained within two ascending trend lines that converge because the lower trend line is steeper than the upper trend line. In other words: lows are rising faster than highs. These wedges tend to have a tendency for sharp downward movements. 2️⃣ The second type is descending wedges, where the price is contained within two descending trend lines that converge because the upper trend line is steeper than the lower one. In other words: highs are falling faster than lows. These wedges tend to have a tendency for sharp upward movements. Conservative traders may look for additional confirmation of price continuing in the direction of the breakout. The target can be set using the methodology of measuring the height of the back part of the wedge and extending it in the direction of the breakout. The overall stop level is located beyond the wedge on the opposite side of the breakout. ‼️To be confident in the trade - wait for the price to breakout! This will give you greater confidence! Thanks for your attention! Yours, Kateryna💙💛
LLong
by RocketBomb
✳️ Multiply Your Bitcoins #1 | Loom Network (240-675% Potential)I will share a series of charts with good potential to move fast, short-term, vs Bitcoin. An opportunity to increase Bitcoin holdings if these charts are approached in the right/correct way. The first one is Loom Network (LOOMBTC) . An amazing bullish wave starting in September but with a low hit in June produced a massive 1,350% growth... The classic correction followed and it pushed prices below 0.786 Fib. retracement, the correction is over-extended. Yesterday we have a strong reversal candle and with massive force, LOOMBTC is pointing back up. This is #1 in this series... The targets can be clearly seen on the chart. 240%, 675% and more. Namaste.
Long
by AlanSantana
2
✳️ Loom Network Bottom Confirmed | Change Of Trend We have a clWe have a classic here as Loom Network (LOOMBTC) recovered almost 3 months of losses in a single day, this confirms that the bottom is in as well as the start of a new bullish phase. In this chart we have a long-term higher low, June 2023 vs May 2022. ✔️ The downtrend has been broken. ✔️ The bearish wave is over. ✔️ The next bullish phase can last for many months. This pair has been growing long-term already, the volume, the MACD and RSI are pointing to a higher high next... The targets can be seen on the chart. Namaste.
LLong
by AlanSantana
5
✳️ Loom Network 330% Potential Exposed (Name Your Altcoin #53) The best trades are those that make you money.
 The best trades are those that are successful. The best charts are those that move according to what you predict. If I see up and it goes up... If I buy long and it goes up... That's all that we need! A bullish breakout can happen after 1 day, 2 weeks or 3 months... We never focus on the timing but instead of the support and resistance levels. When a pair remains above our stop-loss it is always active. If it goes below, that's a loss. When it starts moving and hitting targets, that's a successful trade... All that is left is for us to collect profits and move to the next one. Endless opportunities available always so, if you miss one, another one will show up. We saw some great pairs doing 100%, 200% and even 300% in a matter of weeks, some even days... These are red now. After a strong bullish breakout or wave, a correction takes place. Here we have a new one. Loom Network (LOOMBTC). Long-term rising channel. Higher highs and higher lows since December 2020. That's all we need. Moving above EMA10 and EMA50 just now, this week. We consider the RSI strong above 30 weekly, this one is at 52+. If these signals aren't enough, LOOMBTC is moving above MA200 weekly, closing above it is really strong. The action today happens after a higher low. Higher lows will lead to higher highs and thus the targets/resistance levels become our goal. Easy, first, we have 116%. Mid-term, 330%. You can define your own risk, meaning, you need a plan to stop the trade if it goes wrong. Yes, the signals are good and going green but things can change anytime. Just make sure to never set a stop-loss order but instead do it manually... Because the cryptocurrency market is volatile and can produce wild swings. Your stop-loss can be hit/activated and the next day prices recover and grow. With a long-term manual stop-loss, you would have to see one or two weekly candles closing below your level before you stop a trade. If this criteria isn't met, you continue holding and the results is money saved. Namaste.
LLong
by AlanSantana
14
Loom Network 3 Years Long Accumulation (868%+ Potential Profits)This is a very interesting chart that we have for Loom Network (LOOMBTC)... Let's review it together and see what we can find and learn! First, let me call your attention to the long parallel channel at the bottom of the chart; This is the accumulation phase. This is quite the long accumulation phase since it has been going for 3 years. We have a low set Jan. 2021 and a higher low set May 2022 ending in a strong reversal signal based on candlestick reading. The current candle on the weekly timeframe for LOOMBTC is now trading above EMA10, EMA21 and EMA50. We went long on this pair June 28. Already looking nice and ready to grow some more. You can find more details on the chart. Thank you for reading and make sure to come back for more altcoins charts, analyzes and trades. Namaste.
Long
by AlanSantana
5