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MTLBTC trade ideas

$MTL THIS TIME IS DIFFERENT Idk how many times I have to get my pee-pee slapped before I learn but.... I’m thinking about re-entering $mtl - Blockfolio says its down about -86% but it’s more like -94% since its not accounting for Bittrex data - ICO investors are still up 12x, meaning there’s definetly still room to go down - Binance has turned off the volume machine, so volume is irrelevant since we don't know the real numbers - Most people have capitulated, including me... - currently sitting at post initial listing price - Momentum is pretty bullish - Upcoming release, and recently released previews bringing bullish sentiment.... Only if the team can actually follow through with what they put out we shall see what happens, I don't care about the project anymore so ill dump immediately if the trade goes south
Long
by talaenyx
TECHNICAL ANALYSIS OF METAL- MTL/BTC 1DAs the old adage goes “If it ain’t broke, don’t fix it!” Taking a look at those small red outlined circles we can see that when there was a close above the trend line coming from the high of 26 Nov 2018 and the previous high, there was a decent run. This is all except that last one there in the yellow outlined circle. After the cross above the trend line there was an immediate pullback below it. It still pulled itself back above it, but I think that was the first signal of the soon to come drop. Fast forward to where we are at now and we just saw that there was a close above the trend line once again. There was a pull back on this one too, but this was for a different reason than a drop prediction. After getting battered all the way down from where MTL once stood, the large green bar seemed like an oasis for those that have been in the desert for far to long and saw it as an opportunity to cash in. This led to a retest of the support from the low of 08 Dec 2017. The retest was successful and seems to have put us in a falling wedge. This appears to have nothing but bullish written all over it. The are two things that I am a little uncertain/ concerned about. The very large drop in volume on 09 Jun 2018 and how that is going to affect MTL/BTC in its recovery stages. If there is going to be a need for a third testing of the support in the falling wedge before going on a run. Remember, don't drink and trade...always ask someone to hold your beer first! DYOR and goodluck!
Long
by NeoTidus
MTLBTC breakoutAlt coins usually move after btc has done a move. Btc is currenly resting so I feel that this breakout above both 2150 and the pivot at 2240 has good potential. We have seen big green accumulation candles during the consolidation phase. There is also a pretty juicy volume pocket and should not see too much resistance until the 2700's really. The pattern could also be seen as a head and shoulders pattern. Risk is set at the base of the breakout at 2173. Target is set at 2450 (Added height of rectangle on breakout point) and 2580 which would be the measured move of the head and shoulders pattern. I plan to sell half at 2450 and then move up the stop with 2580 as the trigger to exit the rest of the position.
Long
by Zendey
MTL - Oversold and UndervaluedLooking at the 4-hour chart for Metal, I find it hard to believe it is this cheap. The price action is in a falling wedge pattern as it approaches the yellow support line of a triangle. You can see bullish divergence on the MACD and in its currently oversold state on the RSI, I am anticipating a nice jump from this falling wedge. If you are not familiar with Metal, it's a project that hopes to bring crypotcurrencies to the masses. How do they do that? Well essentially Metal is like Venmo, but for crypto. Users can have a bank account on Metal allowing them to purchase, send, receive cryptocurrencies with ease without the hassle of using a crypto-fiat exchange. You will also get a debit card with your Metalpay account so you can use Metal for everyday purchases. This is key for usage and adoption as most merchants that do not accept crypto as payment yet. Plus earn 5% on purchasing, sending, or receiving Metal. They also recently acquired Crumbs Technologies with the intention of utilizing its micro-investment application within their payment processing platform. I like this project and the team. If they get listed on another big exchange or relisted on Bittrex, I would expect a big jump in price in volume. Minus any BTC collapse, this price is a steal.
by jpbrown1023
3
MTL/BTC What about alts?MTL at the moment broke falling wedge, and now is forming 2 figures: a bull flag, with the future transformation into a bearish flag, which will give MTL impulse for correction, to the newly formed support located in the area 34k sats. up to 40k sats., which is not strong enough to keep a large sales flow, so I advise you to leave a stop loss, which we also revealed using the ATR oscillator. When MTL will start falling, we will monitor it's behaviour, namely, the oscillators RSI and Stoch. RSI. A favorable outcome described on the chart, where by RSI I indicated the next bottom, and on Stoch. RSI approximate trajectory. The Sell Zone determined combining levels of Fibo. and got the following goals: 48k-51k-55k sats. What about fundamental: The thing is that there are no interesting events on this platform, but maybe I'm missing something, so I'm waiting fans in comments! Therefore, we conclude that this currency is not as promising as many others, which is obvious. The idea was published for asset holders.
Long
by RobertMercer
3