HOTBTC: Weekly Flirting With TD Green Price Flip Long

BINANCE:HOTBTC1W

Description

⋅ Sep 12, 2019 9:52 AM

To elaborate on the

Bullish divergence on the CMF (compared to bearish on the Daily time frame).
RSI beginning to find support from breaching oversold conditions at 30.
TD Sequential reached an aggressive 13 (as far as TV algo goes).
Weekly candle is flirting with a green 1 when 9 sats or above.
MACD yet to bull cross but coming closer together.

Bullish divergence aside, I'm liking the simplistic sequential weekly view at the moment:

The last time a green 2 went above a green 1 was in January 2019, the price rose 20 sats to 46 ATH within 2 weeks.
The price therefore could breach the falling channel resistance first time (on a green 3 going above a 2).
Next week could active the first long trade on HOTBTC for 9 months, based on the sequential system.

Resistance levels modified for weekly view: 12-14, 21-23, 28-31 as well as 46 ATH.

Comment

⋅ Sep 25, 2019 9:48 AM

This is totally still holding up despite the sell off :-)

Comment

⋅ Oct 9, 2019 8:50 AM

Going exactly as planned, Green 2 going above the Green 1 on a Weekly timeframe.
Currently testing channel resistance.

Trade active

⋅ Oct 9, 2019 10:55 AM

Comment

⋅ Oct 21, 2019 2:32 PM

Break even stop loss @ 10 sats. Currently facing resistance.

Comments

JCaz82

⋅ Sep 12, 2019 4:34 PM

I think HOLO is about to fall off a cliff...these indicators have all been the same for a few weeks now, and Binance closing off access to the U.S. today and nowhere for U.S. Hodl'ers to go...I'm anticipating a big sell off and I'll buy it cheaper on a new exchange in a couple months.....maybe.