MATICBTC trade ideas
Eyes on MaticCould see a Matic Kijin bounce here off this nasty correction.
Wait for this one do not jump in right away but could complete the Edge to Edge here if we see a tap and go!
MATICBTC BullishMATIC is ending ABC correction and right now is in Buy Zone / Support, what is great opportunity for buy MATIC before next +20% - +50% profit ! :) In chart you can see many targets. Take profit from 1 to 4 are basic Fib. retracements. Fifth Take profit is Long - term target between 245 - 255sats because there is lot of Fib projections. Stop Loss, Take profits, Buy zone, Support in chart ;) I hope in +50% profit :))
MATIC - Beast sponsored by Binance and CoinbaseWhat could go wrong ? The biggest players in the market are backing it.
I don't really like the project it self, but I like the companion.
Matic marketcap is at 29M today. I bet this can fly to at least 290M over to 1B+
CoinBase Ventures.
MATIC/BTC 1D | Easy Decision ModelHey everyone,
Here we have another easy and low risk play on Matic. Currently, this significant support line in green is being retested from the previous surge upward. If price closes above this horizontal line, expect another push towards higher resistance lines. If the price closes below this line you can assume price will return to the green paralell channel below it.
This position is low risk because you can simply monitor it and base your decisions on candle closings which are straight forward. Stop losses can be a bit tighter since it will either work in one direction or another, and shouldn't be allowed to move around too much. For example, a long position can be made at the close above the support line, and stop loss can be placed at the 38.2% fib level.
Always remember to use volume in order confirm movements, and to prevent being sucked into a fake-out. Also, don't be fooled by wicks, it only matters where the asset closes.
Side note: Notice how the 38.2% fib level already provided support and fended price to bounce up a bit. Keep this in the back of your mind in case price returns to that level.
I am labeling this idea as neutral because there is no position being made until certain confirmations appear in the future.
-Balkoins
MATIC/BTC: Will we continue after breakout from Falling wedge? buy @ 157, 158, 159
sell @200 - 210
TP1: 174
TP2: 190
TP3: 210
MATICBTC Continuation| Apex Zone Hello Traders!
Today’s chart update will be on MATICBTC where it is approaching its apex zone, a move is imminent. Price may put in a macro higher low and continue this Bull Run or we may see a breakdown from local support, negating market structure.
Points to consider
- Trend overall bullish
- Structural support in confluence with .50 Fibonacci and 200 hourly MA
- Resistance coming down from trend line
- Stochastics showing upside momentum
- RSI neutral
- EMA’s giving price resistance
- Volume declining rapidly
MATIC may potentially be putting in a macro higher low if resistance is broken and support is respected. The structural support is very strong as it is in confluence with the .50 Fibonacci level and the MA, a bounce will be more probable.
Resistance is coming into support, accompanied with the EMA’s which will cross bullish when and if MATIC breaks bullish from its apex.
The RSI is quite neutral at current given time, can break in either direction whilst the Stochastics is clearly projecting upside, a bull break in other words will have continued momentum.
The Volume is declining rapidly, which further proves that a break is imminent, we need to see sustained increase in bull and or bear volume, depending on the break, to ensure we are not in a false break.
IMO, MATIC has a high degree of probability to break bullish from this local resistance as support is very strong due to multiple technical confluences. A continuation will put in a macro higher low, confirming the bull trend. A break bearish is also highly possible, this will negate the overall structure, and local lower supports will then be targets for the bears…
What are your thoughts on MATIC?
Please leave a like and comment
And remember,
“There is a huge difference between a good trade and good trading.” – Steve Burns
Nice R/R on MATIC-4h hidden bullish divergence on RSI
-resistance turned into support
-(elliot waves only as confluence)
-2.8 risk/reward
!wait for candle close breaking above bullish peanut to confirm entry!
MATIC long 25-30% Profit potentialMatic broke out of a falling wedge forming another falling wedge.
Expecting a break upwards and targeting 227-235
MATIC correction MATIC potential retest 175 price level, slowly grid down before next leg up. MATIC closed above EMA 21,50,100,200 periods still uptrend. Really strong support for MATIC many times tested was 123 sats level.
MATIC can retest double top area between 207 and 215 sats.
Indicators: MACD bearish crossover above zero line. RSI above zero line. First correction sign.
S/R strong support at 123. Major support at 9.618 fibs level 155 sats. Major Resistance 212 sats, Resistance 187 sats.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
its an uptrendthere has been low volatility in the previous bollinger squeeze,the adx and relative strength confirms the up trend
$MATIC - Possible 3rd Wave Could be Huge...Matic does look interesting, however. It could get pretty big if this is the 3rd wave on a daily timeframe. With all the mainnet talk and new wallets, it could get some hype.
Matic/BTC daily chart ( Long ) $MATIC daily chart , volume dropping in i took a position at 186, Looking for a retest of the 220 range if we manage to break we might be looking at a next full leg up.
MATIC (MATICBTC) - 1:3+ Trade @coinselorAfter forming a symmetrical triangle for 2 months, Matic finally broke up with 3x the average volume as of writing this.
This is a trend-following type trade. We entry after setting a new ~40-day high. In the chart, you can see risk:reward and stop loss placement. SL is placed according to current market volatility and a critical S/R level.
Matic is ready for some more bullish movementMatic looks like it has nearly completed it's full corrective cycle and appears to be ready for another large leg up
We can see a falling wedge forming and we can see a trendline support.
Weekly is looking very strong (will post chart in updates)
4h zone is a very nice S/R flip (will also post chart in updates)
MATIC/BTC StrategyHi guys, here is a strategy for BINANCE:MATICBTC in 4 hour timeframe with 70% profitability so far.
Built upon my private indicator Cyatophilum Altcoins Trader
The input parameters are the following:
Sar value : 5
Trend Detector : Disabled
Security : 10% stop loss with a trailing speed of 4 (both long and short)
Take profit : 6% with 1% trailing deviation (both long and short)
Long & Short Trades
HOW TO USE
Apply the Alert Setup indicator to your chart called Altcoins Trader (PSAR Bot V2)
Configure in the parameters
Make sure you are on the BINANCE:MATICBTC pair in 4H (240) timeframe
Create alerts using 'Once per bar close'. Use the following alerts: 'LONG ENTRY', 'LONG EXIT', 'SHORT ENTRY', 'SHORT EXIT'
Backtest results below.
Have a nice trading!
