UBQBTC trade ideas
Ubiq looking readyUbiq has retraced almost completely after reaching an impressive 97K satoshis in June. That's 6 times the current BTC value.
The RSI has a nice bullish divergence, the MACD is looking juicy, the Demark indicator gives 2 TD Buy setups and an almost completed Buy CountDown timer. Volume has been slowly increasing since oct 18, and there's a tweezer bottom at nov 2 and 3, another upward signal.
UBQ BTC | Movement Predictions | Next Few Months? This is not a trade call or signal!
This is my study using fibonacci, support and resistance. :) Feel free to comment or critique!
Movement 1
- Break through 0.786 resistance and it becomes new support.
- Next resistance will be 0.618.
Buy Zone - Set buy orders after pull back from 0.786 breakout at 28k - 30k
Stop Loss - 26k if support A doesn't hold
Sell Target - 43k for 50% profits. Possible for 53k (0.5)?
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Movement 2
- Fail to break through 0.786 resistance and drops to support A before making another run to test resistance
- After touching support line A, it will begin Movement 1.
Buy Zone - 21k-23k
Stop Loss - 20k (10-15% loss)
Sell Targets - 28k (10-30% profits) or 43k (80-100% profits)
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Movement 3
- Support line A doesn't hold, it will find next support at support line B
- Support line A is now resistance
- If breaks through support line A, proceed on to movement 1 and/or 2.
Buy Zone - Accumulate 16k - 20k
Stop Loss - 14k (10-15% loss)
Sell Targets - 28k (70-100% profits) or 43k (200%-260% profits)
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All the best my friends!
Ubiq is the most promising ethereum forkUbiq is a fork of ethereum which aims to be its most stable and secure variant. The gas prices are cheap and the dev team is incredible, with new integrations nearly weekly.
There are a lot of reasons for blockchain and smart contract developers to favor ubiq over ethereum, and even more so ethereum classic.
My fundamental "summing the gods" view on the matter is that ubiq should be at least as highly valued as ethereum classic.
Ethereum's clear intent to switch to POS also indicates that a large hashrate will be dispersed onto various alt coins. While the likes of ZEC, ETC, and many others are looking good in this regard, Ubiq has some very significant upgrades to the difficulty algorithm modeled after bitshares that makes it a very attractive option for mining.
Here is the beginning of my tracking of this buy, even though I have *full disclosure* been closely watching the ubiq, and formally jumbucks community.
starting with:
steemit.com
Maintaining my long position in UBQ for long term upsideI still think $UBQBTC is a very undervalued cryptocurrency in relation to the rest of the market. I am maintaining my average long position from $1.50 and will possible average down if we drop below the $1.00 level. Expecting very high upside for this one in the long term.
UBQBTC - awakening?UBQ got some fuel, broke over previous resistance with nice candle. I expect some kind of pullback, but it can be tricky. Watch it close on smaller timescale to nail it down. Expected targets are marked on chart. I'd cash out parts of trade on every marked price level, some part can be left for longer run, if there will be potential.
UBQ BTC 4 HOUR TIME FRAME BULLISH DIVERGENCE CONFIRMEDUBQ BTC 4 HOUR TIME FRAME BULLISH DIVERGENCE. Los Angeles 12:00 PM.
UBQ BTC is showing signs of trend reversals from its current trend. UBQ BTC is going to face some resistance on its way up but it is a prime investment for an upward trend. I would take a look at all the alt coins because it seems like a lot of them have been taking off since yesterday.
TP = Target Profit. I would recommend doing your own research and not rely on my target profit but based on Fibb lines these are indicators of where I would sell for profit. I would also take into consideration that if you really want to lock in your profits you should sell a little before the fibb resistance lines.
I matched the Fibb lines to the 26 period high & low Kijun-sen with recent price action highs and lows.