Sensorium (SENSO) A 100x potential

A poster on one of my ideas recently discussed his/her approach for finding high yield returns, i.e. minimum 10x best 100x ideally 1000x preferable. It has been some while since I bothered looking, but here we are - found something that might fit.

100x?! That’s impossible. Not impossible, just improbable. The last one I did was Utrust (idea at bottom). And before that something called Telcom. I’m sure they’ll both continue to yield 1000x returns from original ideas.

So how do I find them?

My requirements to meet the above potential are formulated on:

1) Technical analysis.

a) 1 year of data must be available.

b) Small market capital

c) Not listed on major exchanges


2) Fundamentals.

a) Is the project offering understood under a minute?

b) Strong team behind project

c) Does the project have world wide appeal? Not tied to any one country.


First the TA:

1 year of data is important.

On the above 1-day chart price action has fallen 80% since May, printed a ‘incredible buy’ signal and is now showing bullish divergence. The Divergence is worth special attention, 10 oscillators (circled in purple) are showing positive divergence with price action! That is incredible.

Market capital is currently just over $6m. A 100x to $600m Easily done in this environment.

Not listed on any major exchanges - check. Kucoin I find is an excellent onboarding platform for sniffing out new project. In fact both Utrust and Telcom trades were opened on Kucoin.


The Fundamentals:

“Sensorium is taking the entertainment industry to the next level. VR lets us create a new form of art, a next level experience that foes way beyond just watching a show on a screen” David Guetta

Got it, this is a VR / Metaverse play. This is the same direction Facebook is taking. They are spending huge amounts on the subject.

The team. Actually quite impressive, this project seems seriously under the RADAR. Russian billionaire backing the project.

World wide appeal? With Utrust it was payment processing, so yes. Telcom, payment processing via mobile phone, excellent. And now Sensorium. I think this is more limited than the previous two in that this is aimed at consumers of entertainment. That’s not for everyone, but nonetheless is a lot of folks and with a global reach.


In summary - I think this is a great play for a 100x, it ticks a lot of boxes. I’m in, will come back in a year and see how it does.

A word of warning, the market capital is small. It will be volatile, shoot up one day crash the next. If you can ignore that, be patient, you’ll be quids in.

The project: sensoriumxr.com/

Good luck!

WW

The Utrust (UTK) idea

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Up 45% already. It was'nae me, honest.

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Completely by chance looking through the new weekly candles as I do on a Monday... on the weekly chart below of SENSO / BTC, price action finds support on the 786 golden ratio following the correction and 'incredible buy' opportunity.

Should be an interesting 3-6 months ahead for this trade.

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This is the weekly Bitcoin chart of Senso. Notice the hammer candle currently being printed on past resistance? Very promising for the weeks ahead.

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A whitepaper 2.0 for this project was made available today:

sensoriumxr.com/stat...essed_5e6d06a197.pdf

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warming up...

Comment:

With a new 10-day candle printed support was confirmed on past resistance. Currently 7 oscillators (purple circle) are showing bullish divergence with price action - awesome.

Now in the position to make targets for Sensorium during the last wave of this Bitcoin bull run.

1st target $4.46 - this is the breakout extension from above ascending triangle and also happens to be the 1.618 golden ratio.

2nd target ~$10 - this is based upon price action resistance of past weekly support. It also happens to be golden ratio favoured by past rallies.

Comment:

Remember that line... "When this baby hits 88mph you're going to see some serious... "

Same is true if the orange line below is broken and confirmed as support. Price action will move to $1 and then $2.20 quite rapidly. I'm more interested what happens after that because there is no more resistance to speak of.

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expect some resistance around $1.25. However do remember the market capital on this one is tiny, it will not take much volume to send price action in either direction.

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Update to above resistance, it is $1.90

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Up almost 200% since published and the market capital is still only a tiny $17m!

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Now at resistance on the above chart, a 325% move. Momentum remains incredibly strong. If this resistance at $2.15 is broken the next is $3.60.

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This is interesting... price action just saw a rally to the previous high. Notice something? There are no more highs to be tested after this is broken. Remember the market capital is tiny. If resistance is broken in the coming weeks as we enter the euphoric half of the bull cycle there's no telling where price action will end up. Buckle up.

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Confirmation of pennant breakout with a $4 target in the near tern.

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100x? Not possible? Only 22x to go!

This dollar chart is remarkably similar to the Bitcoin chart, almost as if price action is independent of Bitcoin price movements. Fantastic.

If the weekly candle above closes on past resistance today, the weeks ahead should be very bullish.

Price action is currently up 350%.

Comment:

As bullish as I am for the future there's going to be bumps in the road along the way.

On the daily chart price action printed a ‘great sell’, usually you can ignore them in a bull market. However we now have 7 oscillators printing bearish divergence with price action following the sell signal. That’s difficult to ignore, look left.

The divergencies are occurring at the same time price action is accumulating within a rising wedge pattern. Not great.

What to do:

1) Nothing. Opening / closing / swing trades are not possible inside a formation. Must wait for confirmation. The first candle body print above or below the formation will information you the direction of price action.

2) A breakup would be very bullish, stay long.

3) A breakdown (more probable) would start to print a Cup n Handle formation. This would actually be healthy for the market.

Comment:

Looks like the formation broke down, not unexpected. First support test @ $1.90

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On the 3-day chart the support appears not to have held suggesting a test of $1.20

Does not change anything in the bigger picture, just a bump in the road.

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A number of long ideas on tradingview at the minute. Am not closing my swing trade for a very good reason, the trend.

Have labeled the trend as it stands, until that is broken we remain ‘short’.

The overall 100x opportunity is unchanged.

Comment:

No buy signal yet on this one. Anything below 80 cents will be a good entry, however I'd wait for confirmation of trend reversal rather than trying to guess where the bottom is.

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Price action prints another lower high. Bullish divergence is building, however.

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This would be an excellent moment to close swing trades, as was suggested above to open when price action became overbought.

On the 3-day dollar chart a ‘incredible buy’ prints (also true on the 1-day).

The same is also true for the 3-day BTC pair.

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On the daily chart there’s an impressive bullish divergence following a ‘incredible buy’ signal.

On the 2-day BTC pair a DOJI candle with following bullish divergence.

Comment:

Pi-cycle bottom has printed

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Don't have the juice in me to write a new idea right now... perhaps you see what I do at this time.. don't waste it, history is repeating.

5-day chart

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On targets.. the upper resistance line is what to look out for in the months ahead. Minimum is $5. The cycle top should be obvious, ask below if there's a doubt when that time comes.