Year of the OrchidStrong up and downs just hold and keep buying orchid breaking boundaries this month.
OXTUSD trade ideas
I Jumped On The Back Of The Train As It Was Leaving The Station OXT awakens! Literally knew nothing of this asset before yesterday. I understand such an unplanned move is not great investment habits but sometime you gotta take that risk (if thats what your into). Obviously I already have a full portfolio with targets and trading plans but this was outside that realm. Life offers risk at every step so why shy away 100% of the time in investing? So backstory is last time I had a gut feeling was Litecoin @ $28 Dec 28th 2018. Bought 50 coins but wasn't planning on it at all so I got scared and sold for very small profit... Only to see it make a 5x move soon after. A great lesson to always leave a little fiat with no strings attached to enter crypto for any opportunity! This coin does not have to grow that much (in crypto terms, would be little over 100%) in order to break past ATH! Many coins out there no matter the fundamental strength or technical indicators could say that! King BTC of course! Paid for your data... I see facebook people gobbling that up along with the 3,000 memes they look at everyday... Wish you the very best out there. Your cooler than you think!
I don't find text walls that offensive personally btw.. I enjoy life and sharing experiences!
OXT.usd hit ALL Targets and is "Retracing"? "Crashing"? "Done"?Another quick post to map nearby zones of interest.
The bounce ran to its 5.236 extension and stopped hard.
Now we need to watch the support zones for further clues.
If bull, it will be a shallow retrace and bounce next day.
5.236 is common endpoint for strong waves in all assets.
3.236 is the most common retrace point for such a wave.
4.236 will be resistance now, for possible wave C to start.
Previous bigger picture analysis Mapping the Bottom:
OXT.usd BOUNCED as expected, near term TARGETS to look forQuick post to map some upcoming resistance zones.
The bounce thus far looks to have good "Fib Rhythm".
Rhythm is the first requirement for a sustainable move.
30 cents is obvious and immediate resistance.
31 cents should be achievable unless dead cat.
34 cents would be ideal target for this wave.
27 cents would be strong bull hold.
25.5 is the key support that much hold
23.5 is bulls last stand, below is doom.
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This is a near term update to my Bigger PIcture map of the bottom:
OXT.usd Does it HAVE a bottom? If so, this HAS to be itAs you know Orchid continues to drop from Coinbase intro pump.
It has fallen through support after support and is running out of them.
We are at pretty much at the LAST possible bottom/accumulation zone.
Lets see if this lingers in the green zone as a sign of accumulation.
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See some of my other plots and trade calls below.
I also plot Forex and Stocks, take a look at my profile page .
ICX Break Out (currently in Play)
MATIC top Warning (exact top before crash)
ETC entry +250% (pin point entry)
EOS top Call (near perfect plot)
LTC to $150 call (near perfect plot)
BTC $14k call (Near Perfect target, easy trade)
ETH breakout (instant Profits, no drawdown)
BTC bottom 3.1k (caught the EXACT bottom)
ADA breakout (PERFECT targets, massive profits)
ZRX bottom call (200% gain, Perfect target)
XLM breakout (massive Profits, instant Win)
RVN top call (Perfect Target, take profits)
FET top warning (EXACTLY on time)
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
Possible OTX Buy On The Daily On the hunt for juicy potential alt coins. Orchard is a low cap coin listed on Coinbase, It has not preformed the best. However, it will be a hot topic for discussion in coming bull season. With little price data there is not a market cap value on coin market cap yet and this places this coins ranking at over 2000 at the moment. Forget everything about its privacy features when I see a Coinbase coin ranked 2000th plus with lots of fear in price I buy it. 100x current value would only put this market cap at 1 billion. Again this is listed and buyable on Coinbase. Zoom Zoom.
Not Financial Advice
In the OXTUSD pit, they're fighting with lead pipes...chainsRest of crypto bleeding out and OXT, which has remained stuck on $0.30 for some time, is slightly up in fierce trading. While volume is low, it happens fast and is sharp when it happens.
This is going to be a rocket at some point, even if it drops lower there is massive buying setup.
OXT/USD, DESCENDING TRIANGLE, TOO RISKYIt seems to be forming harmonics inside this descending triangle but I would not really expect this leg up to play out as most descending triangles break to the downside. However if someone is in a position already or this thing breaks to the upside, the red would be my target.
I AM NOT A FINANCIAL ADVISER, DO YOU OWN RESEARCH!
OXTUSD Coinbase, Am I glutton for punishment? Probably but F itWhat's up Financial Amigos! Happy Trading Day.
Regardless of this coin's long term use/price/staying power/whatever, looking like quick scalp is in play shortly, hopefully anyway. Price appears to have bottomed and retested .30 cent line (and other trends) several several several very boring times. If this isn't ripe for a bounce then I would be very surprised and probably have not read enough books on trading yet. Well maybe surprised isn't the right description for crypto market lol.
Based on personal experience and very complicated TA (aka gut feeling) this is a type of coin that I could see pumping hard. Plus, this coin tends, or has tended, to perform better when BTC lags. Volume is super low too, and I think all the sellers have given up.
On a side note, I don't think we see any significant BTC retrace in near term, that's what everyone is expecting and believe we have more room to move up before that happens. Such would also help to confirm long upwards bull market. THANKFULLY!!! About f'ing time.
GL trading and any comments (unless ur annoying) are welcomed.
PS:
BTC over next 3-5 months. Will publish more detailed graph when able to
15-17K
9-10K
13-15K
19K
17.5K
23.5K
27.5K
17.5K
33.5K
-Won't care too much anymore at this point. Fingers Crossed
OXT about to have GOLDEN CROSS on the hourly.The 55 is about to cross the 200 MA on the hourly. Expecting .36 by the end of the day to close above yesterdays daily. Higher lows higher highs on daily since forever....I believe based on Moving averages that OXT about to pump.. Possibly.. I think OXT has good use case. What do you think about OXT use case? COINBASE:OXTUSD
OXTUSD Descending ScallopA bearish triangle has formed leaving a large drop, a consequently a descending scallop.
$OXT Falling Wedge? Pt.3These are my own ideas and not used for financial advice
As you saw on my previous ideas a falling wedge was forming and there were instances where it would breakout but then fall back in creating a bigger wedge. A few hours ago we had a nice 10% pump which then broke out of the falling wedge. After it hit 0.35 it bounced back into the wedge, this technically is still a wedge. Just a bigger one. Which means a bigger breakout in imminent either to the upside or down side. In my opinion I think the bottom is around 0.29-.30, if it breaks below 0.29 then I would beware. Happy trading
OXT Reversal potentialWe are witnessing a light volume bull run bounce.
Would like to see this tap the .40 and rally beyond again.
Purely speculation, but could see the whole crypto market take a shaky bull run after the American holidays.
$OXT Falling Wedge? Pt.2These are my own ideas not used for financial advice.
In my previous idea I considered it to be a falling wedge which then eventually broke out and created a bigger falling wedge. As you can see the 4H chart it bounced off perfectly off of the support line in the falling wedge. If it plays out we may see an upwards trend coming in the next few hours or days. But if it continues to break below the wedge trade with caution.
Let me know what you guys think.
OXT descending wedge on hourly price and RSINot financial advice. I cropped the price and RSI over one another. Both are falling into a descending wedge (bullish reversal in my opinion). Although this is only showing in the hourly, it may not prove to be particularly strong but an idea in the works. As well, we can see the Bollinger bands getting tighter, possibly leading to more sideways action or a pop up or down. Thoughts?
$OXT Falling Wedge?These are my own ideas and not used for financial advice.
Let me know what you guys think? I’m still new at TA so give me a few pointers if you see something I don’t :)
OXT.usd at one of three last supports before complete collapse !OXT was introduced on CoinBase which caused a hyperbolic rise.
As usual, it is deflating most of the way back down the Fib Stairs.
Now approaching one of the last two strong supports left for bulls.
0.3375-3347 is immediate support zone, and an "average" retrace from parabolic rise.
0.3104-3207 is a wide zone due to several Fibs Clustered within, any one could bounce it.
0.2523-2549 would be the "Impulse Redux", a return to the original launch pad at birth.
My last plot of support caught a decent bounce but then drilled through it:
OXT basic prediction This token has only be on Coinbase for a short amount of time, but it has sparked my interest. Currently I believe that we may end up finding support somewhere in the .33-.35 range, with an upside potential from there. I could obviously be wrong, but always fun to see what happens!
Please do not treat this as financial advice!
I am an amateur trader, having fun along the way. This is my very first "published" analysis, while it is basic, and not very informational, I will be adding to this in the future and let you know where I believe this might go.
-CHEERS
Another guess at a possible long term chartIn terms of expectations, I expect the value of Orchid to be around .20 to .33 at least for the next following weeks. The Orchid app is very young, with only 4k downloads on the Google Playstore. The app is very young, seeing that it is only a million dollar company at this point, I only see the possibility of market pumps carving out a nice cup and handle pattern. Smarter investors might see this trading sideways, with probably a potential 15 to 25% gain on a pump and dump, and an opportunity for some folks to break even, and exiting out. Coinbase is increasing the amount of coin circulation aggressively, which can be seen on the market makers and the spreads, increasing from 5 digits to 6 digits per cent up and down. This makes me believe that the market makers are the only ones making money.
It's interesting to see how this all plays out, since most of the traders holding $OXT, hold the coins from 1 to 2 days.
(btw sorry for the tiny text descriptions!)
OXTNo comment or trading advice just sharing my thoughts :)! I would love to hear your feedback guys!
ORCHID (OXT) Falling Wedge? No description needed just me posting for my own record and commentary to watch and see how it plays out.
Orchid (OXT)
