BITTREX:AURUSD   AuroraCoin / Dollar (calculated by TradingView)
I feel crazy for publishing this post but as a pact to myself that I’m publishing every trade I make to keep a journal, I must go on!
Following BTC’s strong rebound on 06/02, we have seen the sentiment cascade over all crypto markets. I have even seen a few coins pump over 100% on Bittrex which tells me this kind of pumping is beginning to return. Looking at AUR             since it’s introduction to Bittrex in 2014, I can see 4 waves. Of these, the third wave seems extended. The fourth wave, which we may have just completed, formed a symmetrical triangle. This implies we have another run ahead of us but I may just be too hopeful. I feel somewhat positive with this coin as it managed to hold it’s price relatively well during the crash at the beginning of the year. I have entered a full position here (smaller position in comparison to my other trades) as I’m expecting this coin to move rapidly if it moves. My target is $3.94 (109.57%) however I will set a sell order at $3 (59.57%) also in case of a spike.
This is very speculative as I don’t know the fundamentals of this coin. I only know what the chart tells me and the small research I’ve done. The team doesn’t seem very active on twitter plus I’m struggling to find a reason why the price has been held up. The only explanation is the local trading of AUR             as it is native to Iceland. If the price falls below the support line given by the bottom of the triangle I will exit the trade so I have placed my stop at $1.51 (19.68%)
Confidence Rating: 4/10
Comment: A good first sign for this trade when the price broke above the resistance line. I am now looking for where wave 4 will end. Once wave 4 ends, we can determine a target for wave 5. This is where I will take profits and look to re-enter when there is confirmation wave 2 is complete.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out