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Request Network / Bitcoin

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REQBTC trade ideas

REQ / REQUEST NETWORK Very promising project , has 30k members at reddit. "There is a good chance of mainnet launch in under 40 days (q1 2018)" - so when launch will be confirmed buy orders will intensify. We are trying to get this coin at good price and swing trade or simply sell the top later (30-45 days). Very readable chart , correction is almost over. It may dip slightly (depending on BTC santiment) however as always - you have to be careful and buy slowly , by portion, several days in a row if you can't be there to time the bottom for the best price.
Long
by STRANGELIFE
6
There is only one way out of this triangle."Only one way out" was just marketing to catch you to read this idea. I was trying to fool you. On 1D chart, RSI's showing clear bull divergence. Stoch is almost pointing up, wait a little bit. Failing to close under BB, the second time, can be a good entry. 4H stoch and RSI are oversold, we need to wait a little bit. The Descending triangle can be "the top", so stop loss will be lowes low of the fractal candle on strong support. 1H chart reminds of small bull flag that can fail, for sure, as it always do in bear market. Though i'm a little bullish on BTC today. Fib levels and Ichimoku are strong resistance, in case you make profit, do not forget to move you stop loss. Happy trading
Long
by TonyCryptano
2
REQ at long-term supportAll, REQ is currently at it's long-term technical support levels, as shown by the ascending trendline. Furthermore, it's short-term downtrend line will cross the long-term uptrend line in a matter of days. This means that a significant decision point is coming for REQ, and it's definitely a position you're going to want to keep a close eye on. In order for a long entry to be technically sound, look for any break above the descending trendline on volume. This will indicate another massive bull run is coming. Given the last bull run and current price action, it's not unreasonable to expect a possible 40% profit on this trade in BTC value. Considering BTC is also currently in an upswing (likely until 14-15K) this could compound into a much larger dollar gain value. I am not advising entry YET . Wait for volume to pick up on a bullish move. However, I am expecting this move to come relatively soon. An aggressive trader with more tolerance for risk could enter the trade early. Technical basis: Ascending long-term trendline is crossing descending medium-term trendline Assumption: REQ will pop up or down in the very near future, very likely up. Entry: Enter on any bullish price action with significant volume behind it Price targets (assuming entry): Target 1: 5500 (55K satoshi) Target 2: 6500 (65K satoshi) Target 3: 7500 (75K satoshi)
Long
by calcie
5