TradingView
Wael613
Mar 31, 2021 12:55 AM

PIVX/BTC - Binance Coins That Have Not Pumped, Full Analysis! Long

Pivx / BitcoinBittrex

Description

PIVX/BTC 2016 coin that has not had a large pump as most alt coins on Binance have done. These too me present low risk / high reward as it is not inflated 10,100,1000x and still pretty close to the bottom. Actually its pretty close to its exchange listing price from 2016
tradingview.com/chart/6UeeY8q6/

PIVX/BTC Weekly

Few things I want to point out on the weekly.
1) Notice volume dwindling from 2021 and just recently we have seen some HUGE buying volume close to the bottom indicating a ton of money has been buying this area.
2) 4 & 9 Weekly EMA golden cross which I like to see on the weekly, usually an awesome buy signal.
3) Notice the green trend line used as support/resistance and now we are sitting right on it.
4) Last thing to note is the HUGE green wick on the second most recent candle. Either PIVX was pumped and dumped which we see with those wicks, or that buying volume we saw was used to clear the sell pressure above and will start slowly climbing up!
5) Market structure has been broken and looks like we should be putting in higher highs and lower highs here.


The next major weekly resistance on the weekly is approx 130% which would more than double your BTC

PIVX/BTC (Daily)

The small down trend to me has been broken and looks like we may be testing the support again which is highlighted in green.

PIVX/BTC (4H)

My entry would be 2150 - 2350 sats off the support which has been holding nicely and 200EMA
Comments
bstew76
It was pumped and dumped. Do you think it can climb back up quickly even if this is the case?
Wael613
@bstew76, I witnessed the NAS/BTC
pump and dump and it still working its way up.

Was just looking for coins on Binance that has not done multiples yet, if you scroll over all the BTC pairs most are up like 5-10-20x from the bottom. This actually removed ALL those sell walls above and cleared way, yes some people may be bag holding, but the TA is showing me a buy so that is what I am following!
anonycoin
Thanks for shilling it, u need to shill it in Dubai all arabs rich country bro, I am waiting.
Wael613
@anonycoin, I will take this top secret info to Dubai Ser. Awesome Idea.
genesislord
Pumps and dumps don’t tell us anything. FUN had a Pump and Dump and went far more than it went. PIVX is Gold! Some see it, some don’t, that’s the beauty of crypto
Wael613
@genesislord, never said it told us anything. Im saying that wick 1) could have been a pump and dump or 2) the sell book was cleared for an upward move. I clearly stated that above,
genesislord
@Wael613, i was answering bstew76
Wael613
@genesislord, Thank you :)
More