PIVXBTC trade ideas
PIVX ready to take off. Over 7:1 risk/reward ratioEntry:
.000785-.000825
Targets:
.00089
.00093
.00095
.00104
.00113
.00119
Stop Loss:
.0007
If you find my charts useful, feel free to send tips or not to any of these Wallet Addresses. Your tips are appreciated and help me spend more time charting for everyone and keep updates coming. Either way lets have some fun.
Bitcoin 1623H7dyLQgS9PP9K4bZL6Q1m1dWsXu1Dd
Ethereum 0x0f3519f693984a69503291210FEb50a9F544269e
Dash XjvXVfn9D2S6QT4JH7zd5Jzcticz8DuMEC
Decred DsjoS3oQ7V2L4H6DN9HqVKX8c5Ez67n5tS5
Litecoin LewiitKzGP4yNYNPeGYXkLMzv89x1b9zyZ
These are educational indicators. I am not a financial adviser.
Private Discord Channel coming soon...
PIVXBTC RetestBinance added PIVXBTC causing that breakout attempt. Opened over $30 and quickly fell, so tough to tell if people were tying to play the arbitrage on Bittrex or if it was a legitimate breakout. Currently in this name, and not too optimistic on this retest. There is a 50% test here as well, we lose that and looks to test old demand zones
LOOK LIKE A BREAKOUT CHART. MULT BOTTOMS, RUMORS BINANCE LISTINGPIVX IS A GOOD PROJECT, ONE OF THE PROMISING MASTERNODE IN 2018. CHART IS TRENDING UP DESPITE CHOPPY RED MARKET TODAY. RUMORS LISTING ON BINANCE MIGHT PLAYED A ROLE HERE. TAKE A SMALL POSITIION TO SEE HOW IT WILL PLAY OUT.
Chart is for educational purpose only. Invest as your own risk.
PIVXBTCLong time no see, PIVX. Counting is just an idea, not the final one. I'll setup a trade as follows:
Small entry after break above 88k. If it will manage to go higher, another entry above 100k.
Current target: 130k, but we'll have to watch how things will roll out at this level and after that define points 3, 4 and plan for 5.
Stop loss somewhere bellow 66k for start, can be later risen to 77k.
But all this IF it will break above 88k. Lets' see what will happen.
Previous analysis:
PIVX Putting Up A FightPIVX is forming a classic pattern. We have 2 scenarios. A preferred scenario which is current, or alternative scenario which is possible.
First we notice a short term double top. Market did correct in past few days but this is normal with every market. Don't call the sky is falling. It's not, well at least not yet.
Scenario 1: Light Blue: Nice noticeable flag pattern. A pole to commence wave 1, a zigzag ab=cd pattern Wave 2, and a commencement at flag break out of wave 3, with a 5 wave expected expansion. This is what we want!
Scenario 2: This current trend could also meet a rectangle ab-cd which means current price and still fall away to challenger the bottom of AB wave. If this does we need to look for divergence on MACD, then some volume to support a candlestick reversal. Remember this can then challenge the top of this pattern. If it breaks out, the trend will begin to either form a triple top, or pass through to extend.
Key notes:
-Triple top is not out of the question.
-Scenario 1 means we could be in the beginning of a wave 3. (currently in waves of lesser degree within wave 3)
-Scenario 2 means this could still drop, at that point look for divergence and volume
Please leave feed back. I love to continue learning so feel free to send constructive criticism.
PIVX Looks PromisingPIVX seems to be building an ascending triangle. All signals from the Ichimoku cloud are positive. RSI is strong and has showed a strong recent reversal at 50. Stoch is showing that we could see some consolidation before a breakout.
PM me for entries, targets, custom charts, or if you want to join my chart analysis course.