alanmasters
Long

[XMYBTC][670% PP] Myriad LONG on Bittrex

BITTREX:XMYBTC   Myriad / Bitcoin
Myriad ( XMY ) Overview

Multi-Algorithm
Myriad is the first currency to support 5 algorithms, catering for ASIC , GPU and CPU mining. Currently, those algorithms consist of SHA256d, Scrypt, Myr-Groestl, Skein and Yescrypt.

Myriad’s multi algorithm approach offers exceptional 51% resistance because a range of different hardware is needed to find 51% of the blocks.

Distribution
Myriad was released to the wild on February 23, 2014 at 18:30 UTC . The first mined block came 4 minutes later, thus establishing that there was no premine.




Myriad Trade Analysis

Myriad ( XMY ) looks really good on the charts. This altcoin has been available for trading on Bittrex since 2014, this is a year after I started getting involved with Bitcoin . This is one of the crypto-relics (a few years is a long time in this market, the coins cycles are really fast compared to traditional markets). Let’s take a look at it and position ourselves…

Weekly chart:
  • Myriad found support on the 12th August when it touched the late 2017 price levels. After hitting this low point, this support hasn’t been tested again, a sign of strength since most altcoins had hit bottom twice before moving up.
  • The MACD is curving and turning up with changing volume ; green to red.
  • RSI moving up slowly after it came out of oversold.
  • Stronger signals can be appreciated in shorter time frames.


Myriad Trade Instructions by Alan Masters

Buy in: Up to 54

Targets for XMYBTC:

(3) 66
(4) 75
(5) 84
(6) 97
(7) 114
(8) 132
(9) 143
(10) 161
(11) 191
(12) 212
(13) 238
(14) 315
(15) 364
--
Early targets.
(1) 49 – Reached 11-Dec. (+22%)
(2) 56 – Reached 17-Dec. (+40%)


Stop loss: Close weekly candle below 37.

Capital allocation: <5%.



BETTER TIMES

Things can be good for you.

Everything can be great.

Things can be going bad.

Everything can change.

Life is full of downs and ups.

Everything can go right or wrong.

I am always preaching…

Better times to come.

Namaste.
Trade active
Comment: 1st target hit @ 63 satoshis (~5% away from target... we will hit it again and continue moving up).
Trade active
🔥 Alan Masters Telegram 💬
https://t.me/AMTrades

🌐 Become AMT-PREMIUM NOW!
https://alanmasterstrades.com
(Crypto-Trading, Altcoins, Strategy, Chat & Support)

✅ Telegram Signals
https://t.me/AMC1Regbot

💎 BITMEX BLACK LIFETIME
https://t.me/BBLREGBOT

Related Ideas

Buy more!
Long Term

Max supply ist only 2B
+1 Reply
alanmasters remzigecer
@remzigecer, Thanks for the advice.

I like this altcoin.
+1 Reply
remzigecer alanmasters
@alanmasters, i like Myriad too

Very good Project, devs are very active,
a bigger community, with more twitter activity would be great.
you are great!
Hope for more xmy Charts from you
Reply
Lets
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out