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HempCoin / Bitcoin

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THCBTC trade ideas

THC has successfully broken out!I've been charting THC for quite a while now. Granted I started with nothing and taught myself almost everything I know from studying and learning from others. Nevertheless, it seems we have finally broken out of this downtrend. Now that BTC has somewhat stabilized, THC has risen slightly back to where we once were. We saw a massive drop from out max of about $0.70 to the current price at about $0.16. However, the team has a ton going on in the backend. I know we still have a lot to make up for but we are trying to do our best and bring this coin to the forefront of the industry! This week alone we are going to be appointing community ambassadors so we can help ensure that if any users have questions, that we will have the answer, and it wont matter where you ask, you should be getting the same answer (or close) along the board. Placing members in positions like this are in hopes of improving the coins image and also ensuring that we keep the coin clear of pump&dump groups while also fighting to make sure that we are not surviving on rumors, we have lots to offer and want the community to see that, however it all takes time. Also, in case anyone is not aware, recently (Feb 1st.) I was added to the official development team of @thehempcoin as the community manager. Obviously this makes me quite biased towards the coin, but I try my best to keep this clear of any bias, and only point out the trends I see. I hope everyone still does their research, but hopefully we can see you as investors soon :) Have a great day!
by zacharyd3
THC-BTC (Short term-Mid termHemp coin (THC) profile: - Hard for officially happening on February 23 2018, Masternodes become live. Fork supported by Bittrex. One year hosting for a node on masternodes.pro. Analysis: If the timeline plays out: It took 31 days for THC to reach its peak at arround 0.00005202 BTC which was also the last completed wave (4) before retracment was expected on daily. Duration of actual THC run lasted in total of 15 days. After the 31 day's period a lower high was reached which could be represented already as first correctional wave. Right now we are sitting at a bottom line/channel of an uptrend which was also reached in 31 days (today)- health correction dones? If I compare the previous run which lasted 31 days and how much there is still left to fork its a bit shorter period. However taking into consideration that the actual run started and lasted 15 days, THC still has some time for correction or accumulation period before 15 day mark will be reached represented with orange area (from time of published TA - 4 days). Trend: Currently THC has been moving inside the downtrend (doted line) pennant and is currently sitting just above the bottom of uptrend channel and bottom of pennant. It looks like, it has also found support at 61.80% fib. level from the previous bull run which is termed to be optimal healthy pull-back in crypto - Thanks to BTC moment in past days. TA indicators: T3-CCI has started to curve up and will soon be transitioning towards 0.. If we get a cross at the right moment (somewhere arround green arrow) we could see a positive boost in order for THC to break downtrend and reverse it. CM-RSI-EMA has been also traveling towards bottom of the channel which should start to curve up in next few days to have another support for trend reversal (especially if line crosses the red doted line significantly. MACD not in the most optimal position at the moment since it has crossed the 0 mark for the first time after the bull run. Watch for bullish divergence where lower lows on MACD will be accompanied with higher lows on the price action graph/candles. Has to be noted that current state on daily chart might not be sufficient to see that soon enough so check the 4h chart. Looking into the future: If we have successful bounce from the up trend channel bottom we could see a nice reversal and start of the next cycle for THC. If that does not hold due to significant insecurity into BTCUSD market, we could see still some pull-back down to middle off the channel (blue arrow) or even down to 78.60% fib level (least likely). Targets: I have plotted already FIB levels on pull back in order to establish certain price goals for this trade if we have previous mentioned first bounce and successful trend reversal from 61.80% fib on bull run. 1st target (safe)- 61.80% fib level @ est.0.00004022): representing est. 94% gain from entry level. 2nd target (medium safe)- to current high for THC at 0.00005200 -ish zone: representing 149.82% from entry level. 3rd target (optimal)- 127.20% fib level on pull back @ est. 0.00006046 - If we push through 2nd target we could see 191.55% gain 4rd target (achievable) - 161.80% fib level @ 0.00007117 - Possible gains of 240 % which would be in similar length as previous bull run spike lasted 15 days. 5th target (Bob Marley zone) - range from 0.000075 and 0.00008 representing 276.05% gains As always happy trading and best of luck in this interesting environment. If you guys have any opinions or disagreements I am happy to discuss. Best regards Animus The Great
by AnimusTheGreat
4
THC/BTC Trend Prediction (4HR Chart) - Hold for Hard ForkLet's have a quick update on HempCoin(THC/BTC). THC did not make any strong bullrun despite they had their whitepaper released, rebranded, and new website. And it broke the uptrend drawn from Dec-18, with a sharp push to current trading level 2000. Now we are sitting at the support line drawn from Dec-2. I m still positive on THC trend ahead of hard fork(Feb-23), the chart also indicate THC will decide the movement at around Feb-22. It need to go up a little bit to 2200 to continue the bull run. If we broke the uptrend, we may stay at 1700 level for a while, and go straight to 1000. Trade Suggestion 1: Buy when THC crosses 2200. Trade Suggestion 2: Buy when THC crosses 2500. Target: 2400 2500 2900 3100 3500 3700 3900 Stop loss: 1750 Good Luck.
by hendric886
THC looking to be finding its supportOver the past few days, #THC seems to have fallen pretty drastically, this is mainly due to three reasons. 1. The Pump and Dump groups that had been sitting on #THC for a while had decided that when the new is announced on the 26th, that would be their dump day. You can even see it starting to drop earlier on in the day from P&D guys selling early. 2. The team put out 3 announcements, the first being their 2018 roadmap, the second was some more information about their masternodes and the last being the official fork date of Feb, 23rd. People saw this as missing a deadline when really, it was the team doing the right thing and admitting they needed more time and didn't want to underdeliver. 3. BTC had another drop in pricing, causing people to panic and sell their #THC before doing their research and finding out exactly what was going on. All these events, coupled together has brought THC to a price that we haven't seen in quite a while. However, we can't forget, the team is still going to release their whitepaper and their new website soon, and these should both be providing a bit more support and even a slight boost. Currently, #THC is still looking to be in a bit of a downward trend, however, it does seem to be gaining resistance and support slowly. I'd say it will probably continue to fall a bit more, or possibly stabilize where we are. If so, even buying in now should reap some pretty massive rewards in the long run. #Hempcoin has been a great way to quickly increase your profits, however, with all the news and plans the team has for 2018, I don't doubt #THC will become much more of a long-term hold!
Long
by zacharyd3
Hempcoin: Good Buy on Support + HardforkSo considering that THC is having an upcoming hardfork on the 31st, I anticipate that it will have a nice run up anywhere from today until then. Since it is a low volume coin, though, I wouldn't try to hold it past then. This i one where I would take profit quickly, but it does look promising for a quick trade. Buy: 0.00002300-0.00002500 Short term sell: 0.00003500 Stop loss: (0.00002100-0.0002200) remember you are solely responsible for your trade decisions. my targets are my personal opinion based on previous support and resistance levels. Here's Link to the news: www.coinmarketcal.com Good Luck! -Kolhaj
Short
by kolhaj
THCBTC About to Rise From Bottom ?Hello, As you can see on the chart, THC was dipping for some time, is it over ? On 4h chart we can see RSI bounced up from 30, MACD Crossing, Hardfork coming 23 february. Major resistance in chart. Before it have to pass about 3300 Ichimoku cloud resistance. Please comment and share your ideas if you are more experienced trader I would like to learn something. Buyzone : 2500-2600 Targets : 2900-3300-4000-5000-7000+ SL 10% Be safe on your trades!
Long
by pawelchasikowski
4
THC looking to rebound back up!After the dump from the news coming out last night it looks like we may have hit our resistance right around the 2780-2800 mark and could be looking to breakout later this afternoon. Hopefully we see some more updates or good news and im sure we can push this resistance back up! Definintely a coin to watch in the next few months with the upcoming fork! I have also heard from the developers that they have already applied to some more exchanges so hopefully we can see a new listing soon too. This looks to be a good buy either way, if you want a short term smaller gain then jump in, otherwise just buy and hold and watch it explode!
by zacharyd3
2