LOOMBTC trade ideas
Correction almost over for LoomMaybe we will go down few more times to test the support. Just sharing my thoughts and I would appreciate your feedback. I bought this coin at 11 cents.
Note: not a financial advice.
LOOM: Quick scalp trade from earlier today- 15 minute chartHello hello! I've been playing around with my own version of scalping for the last couple days and pulled some decent profits. This is highly NOT recommended unless you have your risk management and emotion in check. As yo ucan see, I go crazy with the FIBS. I pull the main ones off the daily and 4 hour charts, and also do them for the 15 minute and even 5 minute chart movements. Yo ucan find patterns like consistent retracements to the .618 FIB or constent rebounds of up to the .382 FIB if you reverse it (examples only.)
I always look for RSI in the dumps and small divergence as a main indicator. Also, as noted on this chart, I also look for strong support for RSI in the mid range of the chart, so you don't have to rely on RSI dropping way below 30 all the time. In this case I bought when the bears tried to push below the FIB and it was rejected into a hammer-ish reversal candle. I sold at the resistance I had already mapped out from all the FIB pulls from earlier. This was a bigger order, about 5% gain in a short time with a 1% stop loss.
Let me know your thoughts. Luck or logic? ;)
ROOKIE trader; Follow at your own risk!
-Solid horizontal orange line: I bought at that price
-Dotted horizontal orange line: mock buy, not in the trade yet
-Solid horizontal pink line: Stop loss/sell implemented
-Dotted horizontal pink lines: Targets
Potential Desc Triangle with bull breakout?stop loss 5900 sats
Profit, 1000 sats? depending on whether it breaks out up or down from here
a little rough idea/trendline drawings and not super accurate, but still a decent chance that its still can break out upwards
LOOM NETWORK: LISTING ON BINANCE - 24 HOURS = 43.01% PROFIT!!!Our "Crypto Scalper" Trade Indicator has correctly identified a buy in point on the 3rd of May 2018.
Using this buy in point and selling at today's price, you would have expected to net 43.01% PROFIT!!! IN 24 HOURS.
The increase in price may also be explained by positive developments including:
April 3: Loom Network SDK Alpha release
April 5: Loom Network is mentioned on Korean TV.
April 13: Plasma Cash is supported on Loom Network.
April 16: DelegateCall now has international support in Chinese, German, Korean and Japanese.
April 17: Pixie Shopping Street, one of the fastest growing game developers in Asia, joins Loom SDK to scale games using DAppChains.
April 20: "CryptoZombies Origins: What is Blockchain?" is released.
April 25: RadarRelay lists LOOM Token.
April 25: DelegateCall releases the following upgrades: Notifications, Email Digests, New Transfer Gateway
April 27: A month ago, we announced that CryptoZombies is hard forking to become the second Loom Network DAppChain, and that those who completed lessons before the cutoff date of April 20th would receive some pretty sweet rewards in the form of ERC20 / ERC721 tokens.
April 30: Loom Network will be sponsoring GopherCon Singapore, one of the largest conferences for Golang developers.
May 2: Binance lists LOOM Token.
May 3: Withdrawal Fee for LOOM Token Reduced.
The new exchange listings combined with the uptrend in prices from the general crypto markets can explain the increase in price.
LOOM/BTCTHIS COIN GONNA PUMP TO 1 US SOON AFTER BEING ADDED ON BINANCE.
WATCHOUT!
TAKE UR PROFITS AND LEAVE.
LOOM will moon soon? You bet!Yesterday LOOM debuted in Binance and since the last 24h the coin surged about 40%. I would trade it this way. Wait to see some consolidation, like when it traded in the range 4532-4794.
For a less risky management, you can always set your buy orders at the 0.5 Fibonacci level, at 5005 satoshis, waiting for a retracement in that level.
Remember though that, as a new coin listed, the volume is not quite high, so a lot of manipulation can occur. It is however, a coin with good fundamentals and in the mid to long-term it will certainly keep with these gains.
This is not a financial advice, only for your educational purposes.
