This setup looks to have a nice upside and we are right at the beginning of it all. I will be getting into this trade. Here is what I am seeing.
Weekly Charts Analysis: Looks like the Main Wave 1 in the big picture just finished here. There is not much to go off of indicator wise and the volume appears to be flipping everyone the bird. HAHA :)
Daily Charts Analysis: Here I clearly see the peak of the Main Wave 1 and the drop on Main Wave 2. The indicators show that the coin is oversold on the StochRSI and the RSI is headed back down as well. Good signs for an entry as well as higher price movement!
4 Hour Chart Analysis: On the sub-wave level, Wave 4 is very clear from this timeframe as it appears to be in a descending wedge pattern. It looks to be nearly completed, but what is to be seen is where the wave will officially confirm its end. Prices are right near the 0.786 fib retracement which is usually a great entry point! Given BTC's movement, I think prices will touch the 0.786 fib level although right now volume has decreased and price is moving somewhat sideways as buyers are starting to fight the declining prices. Overall loving the charts movement and I will be hunting the best price to enter.
Target Entry: 460 - 500
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Welcome to my journal of thoughts on trades and price movements. These are just ideas. This is NOT investment advice but rather a way for me to keep track of my trades and to record my thoughts and emotions on a trade to reflect on for the benefit of my psychology and charting for the future. You can follow me if you wish but please do your own due diligence when it comes to investing your own money.
FOLLOW ME BELOW
Twitter > twitter.com/thecryptonate
Blog > whynotcrypto.com
YouTube > www.youtube.com...bQ_zoxkVAPycxzg?sub_confir...
MY RECOMMENDATIONS
Favorite Exchanges >
Bittrex: whynotcrypto.com/favorites/bittrex
Binance: whynotcrypto.com/favorites/binance
Favorite Crypto Portfolio Tracking Apps >
Altpocket: whynotcrypto.com/favorites/altpocket
Bitcoin Tip Jar: 1L7HkYqjviyeLmFkrKZWZcoBWHnP19JH7u
Weekly Charts Analysis: Looks like the Main Wave 1 in the big picture just finished here. There is not much to go off of indicator wise and the volume appears to be flipping everyone the bird. HAHA :)
Daily Charts Analysis: Here I clearly see the peak of the Main Wave 1 and the drop on Main Wave 2. The indicators show that the coin is oversold on the StochRSI and the RSI is headed back down as well. Good signs for an entry as well as higher price movement!
4 Hour Chart Analysis: On the sub-wave level, Wave 4 is very clear from this timeframe as it appears to be in a descending wedge pattern. It looks to be nearly completed, but what is to be seen is where the wave will officially confirm its end. Prices are right near the 0.786 fib retracement which is usually a great entry point! Given BTC's movement, I think prices will touch the 0.786 fib level although right now volume has decreased and price is moving somewhat sideways as buyers are starting to fight the declining prices. Overall loving the charts movement and I will be hunting the best price to enter.
Target Entry: 460 - 500
==========================================
Welcome to my journal of thoughts on trades and price movements. These are just ideas. This is NOT investment advice but rather a way for me to keep track of my trades and to record my thoughts and emotions on a trade to reflect on for the benefit of my psychology and charting for the future. You can follow me if you wish but please do your own due diligence when it comes to investing your own money.
FOLLOW ME BELOW
Twitter > twitter.com/thecryptonate
Blog > whynotcrypto.com
YouTube > www.youtube.com...bQ_zoxkVAPycxzg?sub_confir...
MY RECOMMENDATIONS
Favorite Exchanges >
Bittrex: whynotcrypto.com/favorites/bittrex
Binance: whynotcrypto.com/favorites/binance
Favorite Crypto Portfolio Tracking Apps >
Altpocket: whynotcrypto.com/favorites/altpocket
Bitcoin Tip Jar: 1L7HkYqjviyeLmFkrKZWZcoBWHnP19JH7u
Trade active:
Just entered the trade at 0.00000455.
Comment:
By the way, this trade was done on Binance. If you do not have an account, you can create a free account using my link if you want (whynotcrypto.com/favorites/binance) or go directly to the site.
Comment:
Here are my targets for TRX:
TP1 - 0.00000860
TP2 - 0.00001155
TP3 - 0.00001393
TP4 - 0.00001631
TP5 - 0.00001971
TP6 - 0.00002403
TP7 - 0.00003652 (Breaks ATH)
TP8 - 0.00005672 (Top of Wave 3)
TP9 - 0.00007692 (Top of Wave 5)
*** RULE #1 is never call the top of a coin. These are my initial target points and not all targets are hit. Keep your logic and emotions separate. You will have to determine where it is best for you to exit. ***
TP1 - 0.00000860
TP2 - 0.00001155
TP3 - 0.00001393
TP4 - 0.00001631
TP5 - 0.00001971
TP6 - 0.00002403
TP7 - 0.00003652 (Breaks ATH)
TP8 - 0.00005672 (Top of Wave 3)
TP9 - 0.00007692 (Top of Wave 5)
*** RULE #1 is never call the top of a coin. These are my initial target points and not all targets are hit. Keep your logic and emotions separate. You will have to determine where it is best for you to exit. ***
Comment:
Target Update for TRX:
TP1 - 0.00000860 - Hit 1/18/18
TP2 - 0.00001155
TP3 - 0.00001393
TP4 - 0.00001631
TP5 - 0.00001971
TP6 - 0.00002403
TP7 - 0.00003652 (Breaks ATH)
TP8 - 0.00005672 (Top of Wave 3)
TP9 - 0.00007692 (Top of Wave 5)
*** RULE #1 is never call the top of a coin. These are my initial target points and not all targets are hit. Keep your logic and emotions separate. You will have to determine where it is best for you to exit. ***
TP1 - 0.00000860 - Hit 1/18/18
TP2 - 0.00001155
TP3 - 0.00001393
TP4 - 0.00001631
TP5 - 0.00001971
TP6 - 0.00002403
TP7 - 0.00003652 (Breaks ATH)
TP8 - 0.00005672 (Top of Wave 3)
TP9 - 0.00007692 (Top of Wave 5)
*** RULE #1 is never call the top of a coin. These are my initial target points and not all targets are hit. Keep your logic and emotions separate. You will have to determine where it is best for you to exit. ***
Comment:
In case you think you missed the boat on TRX, we have another entry point as Wave 2 continues to complete. :)
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