Daily Trade - MEME, Bittrex and on TA Analysis, profit and wishful thinking. Yesterday I posted a TA about a possible MEME (Memetic) coin breakout. Just a few moments later, market turned in the other direction and there went my analysis down the drain. This is part of the game. No single trader or analyst is right every single time. I don't have to say that...
A couple indicators show a possible change in trend, upwards. If it happens, good entry point for new profits! Not financial or investment advise.
A few indicators to support the idea that $0.00107 BTC is the next price for a change in trend upwards, thus a possible entry point. Not a financial / investment advise, only my analysis.
A possible in the next weeks. Trade at your own risk.
This is not financial advice, it is my own personal investment. It can go terribly wrong, or nicely right. We shall see! Worst case scenario I get out of the position hurt with 10% less of the initial investment.
More commonly known as a Bullish Pennant where the market is coming from a lower price and has a wave-y downward movement with subsequent lower hight and higher lows converging to a change point back to bullish movement. That is the hypothesis, if it will do it or not, we will see.
The channel indicated on the graph is self explanatory. I do not think there will be a trend reversal yet on the next few days, but certainly the resistance at the $230-$250 range is forming and could yield a slow reversal, which has not been proven to be a behavior of this currency yet.
It looks like a channel, it looks like it wants to move up on a healthy pace. I guess we will know in a couple of days.
Not exactly an idea, but interesting fact for the last few months. A comparison of these pair's growths
Numbers are pretty straight forward. Invest at your own risk, I am only stating a fact that already happened. ;-)
I'm starting my studies and noticed this movement. Observing to see if this trend will happen or not.