WANBTC trade ideas
WANBTC: Let us capitalize on this before its too late.June -3 WANBTC was rejected and since then its been freefalling.
WANBTC has lost 50% of it's value and selling for lower than its market entry price.
AS the Related chart shows: The Retracement period looks to be finish.
Entry - Two days ago. Now, going long on WANBTC.
What the chart shows:
When the cloud is below WANBTC, we are in a bullish scenario.
When the cloud is above WANBTC, we are a bearish scenario.
Currently the cloud is above and is showing bearish market.
Swing Traders:
Up Trend: Impulse. Down Trend: Correction.
All wave Patterns are impulse or correction.
Sideway: Except for moving horizontally.
Retracement: Price hit Support, Reversal Period,
Stop Loss: 60/40 Split.
Resistance: Price Falls below Previous Support Level .
Only trade when you see repeated price pattern.
Limit to roughly 15-20 trades per month 2/1.
Impulse & Correction: 50/50 Win or lost: lose $50 - Make $100
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
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Happy trading People...
Wanchain (WAN/BTC) - Great opportunity for a quick trade.After patiently waiting for Wanchain to start retracing, we have now approached an ALT combined with a great bull divergence on the daily. Great for a quick trade of 30% (TP @ 4.2k (purple resistance line).
Order hit at 3.106k.
It's important to keep a close eye on bitcoin, and the fact that Wanchain made a new ATL, best keep this trade short. I will be taking profit at 4.2k and leave a small bag incase we go higher.
Most alts are hitting bottom, making new ATLs, and BTC dumps getting weaker, so it's also a great opportunity to start slowing scaling in. Until stronger reversal signals for BTC , there could always be the risk of alts hitting even lower, so only pick up small bags along the way! :)
Happy Trading!!
Wanchain getting ready to breakoutWanchain main net 2.0 is being released on Saturday and price looks like it is getting ready to break out of its down trend.
MACD is crossing over and RSI is coming out of the over sold zone. I have marked the resistances I will be aiming for, based on fib levels, in red.
$WAN, Does It End Here..
Daily
Looking at our trend timeframe we see price has remained in an aggressive downtrend, and now looks to be attempting to break out. Stochastic RSI showing momentum is heading towards the downside, however price could be possibly forming a double bottom.
4Hour
Shifting over to our pattern timeframe we can see from previous price action history 3300 is a possible support level. Stochastic RSI showing momentum is heading towards the upside with no signs of slowing down, and price action has just formed a double bottom. A 4hour close above 3380 activates our trade.
WAN/BTCWan is looking good for an new retest of the resistance. Look for it to break 0.0003970, when breaking we should see more volume coming in and also go up to 0.0004130 before doing a retrace back to resistance to clarify that resistance is now support. If that happens it would be a good time to buy.
If resistance holds up we should expect a new down move to to retest of support at 0.0003534.
feel free to ask any question :)
Wanchain may have found its bottomFor those who missed out on #Wanchain, we are at all time lows with a good r/r set up. Bollinger bands W-bottom on the 1D with SMI divergence. Might be time to finally pick up some $WAN. Short term targets 4100 sats and 4800 sats. Don't forget to have your stops (3200 sats).