ONTBTC trade ideas
ONTBTCONTBTC
Entonnoir : W/D/H4 (swing)
Nous avons une belle opportunite de sortie weekly sur triple signal sur ce coin.
Le weekly compresse (blanc) avec un biais haussier (prix venant du bas de la compression) et le daily est lui aussi en tendance haussiere, on peut donc attendre une sortie de compression H4 (bleu) a la hausse qui casserait les 3 niveaux (bleu, jaune et blanc) d'un coup et cloturerait au-dessus des 2800 pour prendre position a l'achat.
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Funnel : W/D/H4 (swing)
Nice opportunity here with a potential triple break out.
The weekly is compressing (white) and the bias is bullish as the price is coming from its bottom. The daily is also in uptrend so we can wait for a breakout from the current compression happening on H4 (blue), with a candle closing above the three levels (blue, yellow and white) at ~2800 before going long.
ONT/BTC Long1-Technical analysis:
#Classic Analysis: Bullish flag pattern
& breakout downtrend line
#Indicators: The price crossed KUMO cloud ,In Ichimoku indicator
2-Position details:
*Entry: Trigger in buy zone
*Stop loss=0.0001409-0.0001466
*Take profit 1=0.0003079-0.0003141
*Take profit 2=0.0004008-0.0004070
*Profit/Loss ratio= 1 minimum (based on TP1)
ONT (Ontology) Rallies Nearly 75% Since My Setup Not only did we rally close to $75 in Bitcoin value, but we pumped by 120% since the recent $0.50 bottom (USD). I'm just as proud of this call as I am of my TRX call back in November/December. We blasted past my initial target of 2200, and have been consolidating pretty well in the 2500-2600 zone. If we break the previous high, it's possible we can venture up to the next major resistance around 3200, and even all the way towards 4300. This coin has a history of going parabolic once it gets going, so I'd be careful about taking profit too early. However, if the market decides to test lower levels, we can head back down to test the 2000-2200 zone as support.
Anyway, the reason why I was able to predict this pump is by assuming accumulation based on volume and price action. As you read in my previous ONTBTC analysis (linked below), the volume was much higher than the previous consolidation period, and we also successfully broke out of the downtrend and tested it as support. Even though I bought at 1700/$0.60, I wasn't tricked by the move lower, since I simply saw this as part of the accumulation process. Obviously it was a risk, but making this call proves that my analysis has improved.
These are just possibilities I'm looking at. This is a forced long term hold for me, since nearly my entire stack is staked. Should have bought some for trading, but that was all I could afford at the time.
This is not financial advice.
-Victor Cobra
ONTo ONT - Here's what I seeLooking like a very strong impulse Wave 1 just transpired with the textbook parabolic 5th wave. Based on the timeframes in play, i would expect a rough sketch of what is in the chart to transpire with the relatively flat ABC correction Wave 2 taking place before a potentially very profitable Wave 3. Aggressively looking at 50-70%.
ONT-BTC Long Trade PlanCommodity : ONTOLOGY
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 10% of the total Trading Balance.
Prospective Profit : 14% to 36%
Prospective Loss : 8%
RRR : SL to TP1 is 1.74, SL to TP2 is 2.62, SL to TP3 is 3.46 and SL to TP4 is 4.35
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)