HEMPCOIN (THC) – ready for pullback? Short for a while
Hi Guys!
As major cryptos fall right now THC seems to be moving constantly up?
Why? Maybe because they launched their own Masternodes? Maybe because they offer a bounty (airdrop) for THC hodlers (24.07.18 – not 100% confirmed)? Or maybe because within a weeks Mariuhuana will be vastly legalized in Canada which is huge market?
This all can be true. What do you think guys? Do you have any otter hot infos? Please do share with our community.
So looking at the chart.
We are short on THC for the time being. Why? We assume we finished 5 step Elliot’s cycle. Waiting for rebound to buy cheaper. Secondly not much volume involved ex. Bittrex 64 BTC/24h. Not much ha?
So our advice is wait till we finish correction wave ABC.
We can also count on bouncing from Kijun-Sen (violet line) when observing Ichimoku cloud. This is also worth watching. Observe also when chart crosses Tenkan-Sen (red line)
In order to be super safe you can sell now and wait till we bounce off from the level of 0.00001344 (previous max) and we break peak from May which is at 0.00001497.
We can also face cup with handle shape. Time will tell.
So that is our strategy. Will you go for it?
Stay vigilant and observe key levels as mentioned above.
Don’t panic, don’t be too emotional.
Huge HUGS!
WBM Team.
As major cryptos fall right now THC seems to be moving constantly up?
Why? Maybe because they launched their own Masternodes? Maybe because they offer a bounty (airdrop) for THC hodlers (24.07.18 – not 100% confirmed)? Or maybe because within a weeks Mariuhuana will be vastly legalized in Canada which is huge market?
This all can be true. What do you think guys? Do you have any otter hot infos? Please do share with our community.
So looking at the chart.
We are short on THC for the time being. Why? We assume we finished 5 step Elliot’s cycle. Waiting for rebound to buy cheaper. Secondly not much volume involved ex. Bittrex 64 BTC/24h. Not much ha?
So our advice is wait till we finish correction wave ABC.
We can also count on bouncing from Kijun-Sen (violet line) when observing Ichimoku cloud. This is also worth watching. Observe also when chart crosses Tenkan-Sen (red line)
In order to be super safe you can sell now and wait till we bounce off from the level of 0.00001344 (previous max) and we break peak from May which is at 0.00001497.
We can also face cup with handle shape. Time will tell.
So that is our strategy. Will you go for it?
Stay vigilant and observe key levels as mentioned above.
Don’t panic, don’t be too emotional.
Huge HUGS!
WBM Team.
Comment:
Safe option
Comment:
OK guys. Looks like we finished ABC correction wave. Let's wait for demand to appear and bull's cross on MACD chart
Comment:
Still no demand on the horizon although supply has just stopped. We are below the cloud. So let's wait till we break the cloud and Tenkansen (red line). Let's wait for buy or reload.
