MTL updateWave 1 and 2 done and MTL bounce at 62% fib retracement, volume still picking up.
wave 3 is expected this week.
MTLBTC trade ideas
METAL MTLMTL has serious accumulation happening last few days/weeks and I believe its gonna move upward movement.
Its previous peak 300k sats at bittrex but now it got delisted in bittrex because they dont have product yet
and it cause MTL to drop to 40k sats.
but good thing MTL is going to launch METAL Pay this March 31 which is humor said it will going to relist to BITTREX after they launch their product.
New website also on MARCH 31
As you can see in the chart, Its gaining good momentum and waiting to breakout to start a uptrend channel with a solid volume confirmation.
it stablish good support around 370-420.
This is not a trading advice but i'll bet MTL gonna blow this coming days.
Buy zone 400-450
Sell zone 720,860,1100,1420,1748,2057
Metal ready to move in the short and long termWith a Site rebranding and beta release and a lot of marketing set to begin in March, Metal looks great in the fundamentals as well as the technical. In a couple weeks or less the price will likely 2x - 3x
MTLSmall cup and handle breaking out on MTL. Made a retracement to the 50% line and is looking to recover back UP.
Mtl - Full VolumeThats some serious buy volume increase with no real upward movement - The price is bottom dollar here so can't really go wrong - Mtl should hit the 38.20% Fib and get to the 0.00085 area and could well go beyond - In the last 24 hours they have released details of converting Mtl to Usd inside the Metal Pay wallet and also Apple Face ID for Metal Pay
MTLBTC - Potential 20% gain setup using Ichimuko IndicatorIdea
4 Hour chart shows a potential TK cross entering at large bullish cloud. Since we can treat the bottom of the cloud as a support and top as a resistance, there is a high probability that we will extend to the upper edge of the cloud.
RSI and OBV both show bullish signs, thus, a green candle opening in the cloud is likely.
Entry Setup
1. Wait for TK cross on the daily chart
2. Wait for a green candle to close in the cloud
Risk Management
Stop Loss
A. Use the bottom of the cloud as a stop loss since this would indicate failure.
B. Use 2% of your entry price
Personally, I would go with A here. Since the cloud can be more chaotic, you might hit B and get stopped out, while still remaining in the cloud.
You should adjust your stop loss as the trade progresses.
BTC: 13S4SDawAz94BnJJjrLKxnLW9kR4HrNEdG
ETH: 0xf0e4266a36ec4082f5a868f41fd01e296fa3b8ff
MTL ready to pup-upMTLBTC analyze:
- RSI double bottom;
- accumulation zone 350 - 420 sat;
- 80 days in accumulation phase;
- triangles are smaller&smaller.
- 3 big HL on daily.
Good to acumulate between 350 - 420 sat.
Using Renku Bars to smooth out crypto price, and ADX for entryThere is a great deal of volatility in crypto prices, which invalidates many of the entry signals provided by popular indicators.
You can compare the Renku bars to the price shown in the bottom window.
In this example, I have used Renku bars to smooth out price movements. the ADX indicator then signals swing lows and highs.
Note that in the top window there are a number of indicators. Trendy ADX was developed by @Bonavest (look him up on TradingView and Twitter). The code is proprietary, however I've found similar entry and exit signals using the freely available ADX.
METAL breakout and METAL "Pay" comming in march.METAL breakout! In opposition to whole market looks really strong.
Volume is growing.
Really important event in march - Release of Metal "Pay". This app will allow our users to make payments with just a phone number while being rewarded to use the system.
CoinLoop AI Signal: Metal Pay (MTL) - BUYMetal ( MTL ) · Loop A.I.
Indicator: Price touched support and bounced up. Buy volume increasing. Social volume increasing.
Signal: Likelihood of price increase: 72%
Monster buy volume spikes on MTL, near strong support lineI track volume vs market cap rank. Currently MTL is ranked 170 but has 45th highest volume. I'm seeing potentially some monster accumulation here (has been happening on and off for a few weeks). First time I noticed it was out of HITbtc (Korea) today is on Binance. This is possibly driven by BITTREX accumulating ready to relist (as has been rumored). If not I'm not too sure what else, unless someone knows something we don't. That said MTL is currently 12% of ATH vs BTC so represents good value, not withstanding that crypto credit cards have had some troubles lately I think this is a pretty safe play.
In a general sense I see BTC gaining in market domination (see coinmarketcap.com) so keep an eye on that too.
That said, there's no guarantees (see my last one on Nexus, I still believe it'll come good though).
MTL Repeating Trend last 3 weeksSetting the positive fundamentals aside with the soon to be released MetalPay IOS App (Hello FOMO!), I've noticed a recurring trend with the MTL Daily chart to give a good buy zone target between 350-385 Sato.
If you watch the trending Lower highs resistance line and the RSI trends during those same periods, we appear to be in the middle of a 3rd consecutive pattern. According to the 12-13 day cycle, we should be seeing a bounce off the support line in 2-3 days around the 350-385 sato range as the RSI reverses itself.
MTL/BTC Long-term PredictionNote: Amateur/rookie opinion.
Great project with long-term hold potential (most crypto start-ups 80% will go full bust after some point when the market becomes more mature).
Fundamentals:
-Strong professional team headed by Michael Hayner, networking effect from contact with virgin and sponsored sporting events
-Realistic proof of purchase (5% PoPP to sender and receiver of transaction - "similar" marketing as PayPal (pays users at start), financial incentive to use platform)
-Real focus on ease of use and app aesthetics (Good looking UI & UX)
-Potential crypto-fiat gateway for new entries into crypto market (links to old legacy systems - aka traditional banks)
-Release of iOS and Android app in Q1 & Q2 of 2018 respectively
-Will be relisted on Bittrex soon, therefore higher trade volume
Note: Relatively low total supply of 66.6 million
Technicals (neither chart or count is perfect):
-Not rocket science achieved an All-time-low in December 2017, All -time high was in September (buy low, sell high as seen from basic Bittrex data point highs).
Still very attractive to buy, might short-term dip if counting is correct.
-Volume: High trading volume (buys and sells) despite fall from previous highs, confirmation of reversal to come
-Start of boom-bust predicted from Stochastic (not shown) or normal RSI anticipated dip to oversold
-MTL/USD (not shown) shows cup-handle pattern on day chart, bullish indication
-USD Prediction: 16-18+ per MTL (conservative) depending on BTC/USD price
Opinion: Good, realistic project (high survival chance). Strong fundamentals and good-looking technicals indicate a good long-term hold.
$MTL (+300% trade)For the time being I'm not going to provide any targets, but $MTL can go high (+300% trade). We're still in accumulation zone, if the breakout is not further confirmed this weekend, so still buy-in.
PS: Relisting on Bittrex post-MetalPay launch is already on the table.
I'll try to update this trade as good and as frequent as possible.
Cheers!
MTL Buy Signal possible >20% profitMTL Stoch RSI shows buy signal
Wave 1 - 2 is completed
Waiting for bullish run of Wave 3
First Target is 507 sat
Keep it up to date after Wave 3 done.
