alanmasters
Long

DENT Finds Support And Prepares To Move (68% PP)

BINANCE:DENTBTC   DENT / Bitcoin
DENT Stopped its drop from which it created a new all-time low by going flat for 5 consecutive days and finally breaking up above EMA10.

We have several strong bullish signals that are starting to develop now, or as I call them, "early signals".

It is always interesting to note when these altcoins start to move at the end of the week. A good close on the week can end up producing a bullish candle for the week ahead.

As for DENTBTC now on the daily time frame, we have the following early signals:

  • Break above EMA10 (this signal is only confirmed after the daily candle closes).
  • MACD bullish crossover and very strong bullish divergence .
  • Strong bounce on the RSI after hitting oversold.

DENTBTC weekly:

It is simple to trade DENT here, let me show you and perhaps you can hit LIKE... Thanks a lot for the support.


Trade: DENTBTC

Buy: 22-25

Targets:

(1) 27
(2) 30
(3) 34
(4) 38
(5) 42

Stop loss: Close daily/weekly below 21.

Capital allocation: <10%.

See how easy that is?

Thanks a lot for reading.

I am wishing you great profits.

Namaste.
Comment: Bullish divergence:
Comment: I have so many people waiting for DENT to move... Here it is, patience is key.
Enjoy the profits.

--
Avg buy: 23

Targets:

(1) 27 -Reached 15-Mar. (+17%)
(2) 30 -Next target.
(3) 34
(4) 38
(5) 42
Trade closed: stop reached
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agree with you. Accumulation will be long?
Reply
moves up +0.0000000...1 above range of lowest low: "Stopped its drop, strong bullish signals, Prepares To Move"
Target +2 (from 25). Stop loss: -4 and more (from 25). 1:0.5 RR
You just want to be right... But at what price? Hopefully you don't have to pay it. Good luck
+3 Reply
alanmasters GettingAnotherMillion
@GettingAnotherMillion, Patience is key my friend. This is very easy for us doesn't take a genius.
+2 Reply
BrittTheIsh GettingAnotherMillion
@GettingAnotherMillion, hmm reading comprehension and painting the whole picture will serve you well.

Let me continue painting. If you buy at 22, stop at 21, and first target is 27 that’s a 1:5 RR.

You spin it negative, and I’ll spin it positive.
+1 Reply
@BrittTheIsh, go ahead and follow your guru
Reply
BrittTheIsh GettingAnotherMillion
@GettingAnotherMillion, Here's your chance ... can currently buy at 22 - giving you that 1:5 RR instead of that 1:0.5 RR you're so concerned about
Reply
BrittTheIsh GettingAnotherMillion
@GettingAnotherMillion, 1:5 RR achieved. Better luck next time.
Reply
Just because it closes above an ema of 10 periods is already a purchase signal. uhm ............. very early = much risk.

I'll follow this post to see what happens.
Reply
alanmasters StephPortocarrero
@StephPortocarrero, There are also signals including bullish divergence which is very strong.

Reply
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