Coin breaking out after a nice bounce this coin has some massive potential the only thing its missing is volume.
You can see on the A/D indicator volume is now returning and if we are patient we will get a really nice move with 50%+ profit potential.
In the past the coin had a 24 hour volume of over $65 million dollars and now its as little as $1 million dollars but is back accumulating funds ready for a nice move up.
Now you will see circled in red we have strong support around 8% below current price we have seen very aggressive buys not letting the price drop below here. This bottom is the same bottom it bounced from in November at around $2.20
The Aroon, has crossed on the 4H chart along with the 20 and 50EMA, also the RSI has been building momentum now for around 5 days ready for the break.
The coin has already started to move but we need to be careful with it being low volume as we will see large retraces as it moves it needs time to consolidate.
Targets are set in green, conservative entry won't be until the first 4H candle has closed over a target they will then buy and set stop loss below target.
As you can see we will face minor resistance at the 200EMA however we should push past it with current momentum.
Aggressive traders will open the trade now and be patient for the move.
Please do not expect this trade to develop in a short time frame these will take hours as each time the price goes up it needs to consolidate.
Cash is King
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Target 1 has been reached and we are looking good.
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BTC has taken a dive, with this trade if you have already sold you can hold through.
You can also profit from buying more of it while it dips.
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Sorry this just made me think of Warren Buffett
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
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Quick update any of you that were in this trade and didn't follow the stop loss directions don't stress too much its a sell off due to BTC the chart remains more bullish then bearish and we expect to bounce back quite well if BTC settles.
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Painful trade this one, it had broken out of consolidation too early and needs more time but chart still shows us we will break high
Ark does not give that much profit, it increases with 460 satoshi per piece.
So if we buy for example for 1000 USD we make 175285 satoshi which is 15 USD.
15 USD with 1000 usd is quite a risk for a small profit.
Greetz
Cash-is-King
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@n-cageman, yes very true but we certainly didn't enter with intentions of that profit margin as you can see with he targets. The good news is see circled in red that was where buyers decided the bottom was for the coin..... so for those people still in the trade they know they have that support and the chart still tells us we will go up.... We will then get what we entered for which is loads of cash! I hope you join me.
Cash-is-King
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@n-cageman, if you also meant from start to final target its around 13% so on 1000 you make $130 ..
johnhenryt
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thanks for the updates. can you suggest a good re-buy in target, or does it simply depend on how low BTC drops?
mnuovo
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Do you think it will still grow today? What is a good entry point at this moment?
mertyilmazdeu
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Thanks for the delivery :) Great call as always.
rajeshawtani
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any update on this trade ? or this trade closed?
Pulag
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will 2756 satoshi posible mate
vladan974
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Our entry was at 33714. We hope to recover the day BTC will stay calm for a day or two... -:)
So if we buy for example for 1000 USD we make 175285 satoshi which is 15 USD.
15 USD with 1000 usd is quite a risk for a small profit.
Greetz