REQBTC trade ideas
REQBTCRequest Network Break out resistance line of falling wedge. Looking for fibonacci levels
BIG NEWS
MRequest Great Wall: Q1 2018
- The first iteration of Request working with Ethereum on Main Net
- Deploy management of crypto-currencies to Request (ERC20 tokens…)
- Working on partnerships with Accounting, Payment and Audit firms
- Launching the "Pay with Request" project: an online button which will offer an alternative to the traditional "Pay with Paypal" and "Pay with credit card" methods
- Outside audits of the Request Contracts
- Proof of concept: Request Core working with a Bitcoin Oracle
See you soon for the mainnet release! On March 30th, we’ll give the last update of the first quarter of 2018 and start our journey towards Request Stonehenge!
REQ trying to break outBINANCE:REQBTC broke out of the descending channel and has been consolidating for a while. Now there is a TK-cross, I had my buy order hit at 2406 satoshi the previous candle, but COINBASE:BTCUSD ruined the breakout, but it's still looking good in my opinion. My targets are marked above.
Potential REQ short term paths1d linear chart REQ/BTC Binance
EMAs: 20, 50, 200
Indicators: RSI, MACD, 3 EMAs, Fib, TD Sequential, Volume
What are your thoughts?
REQ/BTC 10% + profit tradeREQ/BTC has formed a simple Zig Zag a-c continuation of the trend as outlined my Mr. R.N Elliot , this specifies that we proceed through a falling wedge on an a-c correction , before continuing the trend the length of the wedge itself , we are aiming for three specific targets and the Fundamental analysis of Req lies within the fact it was the fastest growing sub reddit for some time , now for the targets Target 1 :2928 sats Target 2: 3020 sats Target 3: 3100 sats , our advice from our team is to not specifically aim for the third target that is at your own risk we advise you to take a safe comfy profit of 10 % at target one and target 2 is actually the length of the technical analysis we like to "underbid" our targets to ensure safe exits . the safest buy zone is actually the current price of 2636 sats however we are expecting a btc dip down to a few hundred points before it resumes the uptrend please keep in mind this call may dip a tad before preforming surpurbly upon any sidways action of BTC itself for the safest entry period watch this period closely and buy around the upper purple line of the Bollinger Band outlined by the arrow , this ensures BTC will not cause this to dip at all at this point and you can still expect 5%+ in profits , for those playing the trade now rest assured on sideways action of btc it will follow through as expected
REQ-BreakoutYou see that the price is consolidating and that it is going to breakout any day. The only thing that could affect this if more negative news comes out about bianince or if btc continues to drop in price. They are trying to be the paypal of crypto and I think its a needed thing to get this truly mainstream and usable for the avg person. Also there is a big rsi drop.
req 3x potential, mainnet launch around cornerwith the mainnet launch around corner (in Q1 according to roadmap), req looks like it can make a new ath. according to their blog, they are right on track, coding is done and auditing is ongoing. looks like it found a support around 2500 sats.
REQ potential 200%+ moveRequest is a community favorite and in general has a bullish sentiment to it.
Has a lot of catalyst coming this month, so perhaps we will see that reflect in the price.
2500 would be a place to buy first, but if it falls, a tight stop should be used as you don't really know where this one will fall to.
Selling to previous support now resistance is also an option.
Request Network potential breakoutSeems like the pair REQ/BTC is reaching a descending triangle. Potential breakout here.
Another trading opportunity on REQBTC to buy. Be ready!Technical analysis:
.REQUEST-NETWORK/BITCOIN is in a Down Trend and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance. as long as bullish exit in daily chart or daily RSI is not occurred, The uptrend will not begin.
.The RSI is at 39.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy zone (0.000026 to 0.000020), if so, traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (0.000026)
.Ending of entry zone (0.000020)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks)
Take Profits:
TP1= @ 0.0000311
TP2= @ 0.0000391
TP3= @ 0.0000452
TP4= @ 0.0000566
TP5= @ 0.0000618
TP6= @ 0.0000722
TP7= Free
$REQ Bullish?Broke Trend Around 30 hours Ago and large volume spikes, could have some potential. Low RSI and MACD Crossing as well.
REQ on a comeback?Time will tell, but this looks like a decent time for REQ/BTC. Volume picking up on Binance, as I write it's in a 4hr long squeeze. The first profit target in my trade is 3591 sats. After that 4300 sats.
REQ CUP AND HANDLE PATTERN Hello fellow traders,
There is a clear cup and handle pattern forming on the REQ/BTC 1h chart.
I see this as a nice opportunity to make some good gains.
Good luck trading!
REQBTC Double BottomREQ is forming a double bottom on the 0.618 fib level, tight stoploss in case it breaks support!
Double bottom + oversold = buy opportunity?Like many other altcoins, REQBTC is currently in a big correction. It currently dropped from its all time high 7220 to around the 2500 level. We can see that it tested its bearish trend line a couple of times but never managed to break out of it. Currently we have the formation of a double bottom. I've also indicated 2 previous times where REQBTC it RSI pointed to overselling, followed by a nice bounce. The RSI indicates overselling now as well. It could try testing its trend line again from here and I would lock in some profits at that point. If the trendline were to be broken, The first target could be the 0.236 fib level which is around 3600, I've market the 3400-3600 area as a second place to lock in some profits.
REQ/BTCDouble bottom with RSI near the bottom as well. Good trade opportunity
First target is the top of the downtrend line, then the next fib level
SL between 2100-2200
