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MTLBTC trade ideas

Watch it! MTL be a jumpy one...Good evening fellow traders, MTL is a definitely a jumpy one and here's my thoughts on how to catch it: Analysis The pattern has been pretty consistent in 2018 (and most of 2017 as well) - it typically travels down a channel, bouncing off levels of support and resistance, and then jumps off in an extreme ABCD pattern settling down somewhere around the 0.5 - 0.382 level. Channel down lasts for about 12 - 15 days. which puts us about halfway through the downward channel cycle. I've drawn out the predicted pattern down and then the jump. Key Buy zone: 390 - 365 Sell Targets: 555 - 50% 595 - 30% 645 - 20% Timeline: Feb 18 - Feb 22 Important Points: RSI and CCI have historically been really good indicators for this coin, while increased volume is not necessarily required. Look our for both of those to touch the 30 and 200 marks respectively. Note: What happens with BTC will likely impact MTL so it may change everything. Lastly, you are responsible for your own action/trades, I'm doing this for fun/not suggesting anything. P.S: I welcome any feedback or questions, appreciate the thumbs up if you like/agree with what you see Thanks, A
Short
by allawi
Short Term Profit Potential on MTL! Buy Now!Possible to earn around 45++% on MTL now! As you can see, MTL recently spiked up, and plummeted down to around 0.000489. This is a strong support @ 0.000489, and I can see it holding because historically this price point is where the price always bounce off, I have pointed a few recent instances. As Bitcoin slowly recovers from its losses, we can see the same on other coins. So we can expect MTL to grow further. Entry Price: 0.000489 - 0.000510 Target: 0.000777 (1.272 Fib) (Set sell point slightly below this price) Stop Loss: slightly below 0.000489 (Support Line) OR if you can afford to, set it 0.000468 (0.382 Fib) Trade at your own risk! Goodluck! :)
Long
by AllenPerez
$mtl my love hate relationship unfortunately this metal chart sucks cause there is no data, so im just gonna mention a few reasons why this is going to explode in the near future. Current MCAP $83,404,420 Daily Volume $28,122,100!!!!!!!!!, almost 30% of its MCAP Coin Circulation 19,300,994 MTL days since ATH: 153 % down since ATH: 69% Those factors with the release of its product at the end of this quarter, as well as the market its going after (Coinbase competitor), is going to make this a top performer for 2018. when it finally goes, it wont look back.
Long
by talaenyx
6
Metal is shiny - huge gains comingMetal is undervalued, oversold, and has their App Release due this month. BTC downtrend has suppressed this coin, while other shitcoins have been p&d to their limits. MTL (metalpay) - Stoch RSI reset on 1day chart - TD9 (tom demark) Buy signal on 1day chart - In descending triangle, waiting for breakout - strong Catalysts with App releasing this month, and their PR increasing on social & youtube TP at the Strong Resistance or Fib Lines, but i'm HODL'n until all time high. If $mtl drops to .0003-00035 i'm doubling my bags. Good Luck to you!
Long
by evolmk99
5
MTLBTC Metal. Bull Run.So, as far as I know Metal project, it didn't show itself last year yet and I expect huge rise in Q1 of 2018, more precise in February, because devs are going to release official app MetalPay that will be a potential gamechanger and for sure it will give an impulse to MTLBTC price. Low capitalization of 18mil tokens and good project behind this coin. Technically, we did break 1st resistance last days and we have increased volume compared to previous days. RSI is bullish and if we break resistance 2, targets will be 0.001 for shortterm and for midterm 0.002. Still there is not enough volume to confirm bullish trend, will wait for couple of days to update my idea.
by bejaneps
MTL 4H may be huge long in weeksMTL is decreasing all time under red line that i draw, now its close to it and price is not all time low but nice. If it pass the red line it has potantial to go to over green line, that makes near 0,001000. But dont forget alt coins are decreasing and BTC is not stable,Cause of that it can be decrease in channel to 0,000300 we can wait for better price to buy for long. Im thinking check the graph after 26/01/2018 then decide to buy or not.(if im not late:)
Long
by gerjuga
MTLBTC Supports / resistance = BreakoutsSo I am rather long on MTL and I think its a good buy opportunity anywhere under the .236 fib levels for a long time hold. I Have heard news is coming out in Feb, I think the platform will be released, which will come in food timing as the market should be stabilised by then. MTL may stay range bound for a while but the longer it stays range bound the higher the pop. I put some trendlines for short term scenarios, however with the current condition of BTC it will most likely be inaccurate. Guess we shall see how it goes.
by s.anselam