While most of the internet is talking about 100k BTC or $5-10k Ethereum, I can’t say for sure I’m really interested. After all those are only 2-3x gains. I’m really interested in 10x minimum.
There be a number of alt-coins threatening to offer those returns as they break critical resistance. A couple of which stand out scoring high on my list.
On the 1-day chart above price action breaks out of resistance following a ‘incredible buy’ signal. The more exciting development is what is happening on the weekly chart (below), which is:
1) Price action breaks through the 52-EMA (green line) to confirm as support. This has never happened before.
2) Price action corrects to the golden ratio and the 21-EMA since mid-summer correction.
Is it possible price action falls further? Sure.
Is it probable? Super unlikely!
If you get a 10x here, sell it into BTC, don’t hold on the belief this is the next thing.
Good luck!
WW
Weekly MTL / BTC chart
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40% return in 35 minutes?! I'm printing that one out and framing it.
I'd say don't FOMO, but 90% of traders out there will do exactly that.
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There she blows - now hold until the 10x arrives and cash into BTC.
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Nothing to do but wait...
On the weekly chart below price action is testing past resistance as support. The 21-week and 50-week EMAs (yellow and green) are both currently being tested as support.
Be patient!
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Price action has now fallen to support, a significant move should now be expected not unlike the previous.
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The first question in any TA, what is the trend?
On the weekly chart below the answer is clear, higher highs higher lows. Price action is currently back-testing past resistance and also the lower pi channel (yellow dotted line).
Alles ist gut, keep calm and carry on.
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A large move is very probable in the weeks ahead. Notice the Dragonfly DOJI printed on the last 2-week candle? If tomorrow's candle closes green the DOJI is confirmed.
@gigabyte3d, upside. On the dollar chart (purple circles) price action tests the 21-week EMA (yellow) as RSI resistance breaks out. Excellent.
I'm not in this trade therefore do ask above or below if doubts creep in!
gigabyte3d
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@without_worries, thanks, from all of your ideas which is the best to maxmise returns against btc pair?
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@gigabyte3d, That would be telling... and I don't wish to be seen shilling something. Notwithstanding giving up my hours of study for free there's a far better way of maximising your returns, buy low sell high. Can you believe that almost 95% of traders fail to do this?
Was wondering about a post on $1000 to 100k in 50 trades or less. Do you think it would have any appeal? The point of the exercise would be to demonstrate how the 5% work...