BIGTIME: Can It Pump From Here?BINANCE:BIGTIMEUSDT.P had a poor price action immediately after being listed across 40 crypto exchanges.
However, things look promising on a lower timeframe because there are footprints of buyers.
Let us see how this will pan out in the next couple of days.
What are your thoughts about my analysis? Let me know in the comment box.
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BIGTIMEUSDT.P trade ideas
BIGTIME │ 18.10.2023BINANCE:BIGTIMEUSDT.P
Yes, I know that the coin has already broken through the level, and it's late to publish the idea, but I still decided to share what I've noted for myself today. It's not a problem that I didn't manage to open a trade. Sometimes this happens when I simply didn't have time to calculate the trade parameters, and the instrument has already started to test the level =)
The daily chart is not as good as it used to be, but the 4-hour chart significantly strengthens it.
The situation is good, and I'll leave it for your review.
Signals for level breakout
bar/candles closure near the level;
bar/candles closure near its high/low;
close retest of the level;
accumulation of energy for level breakout;
a good approach to the level;
consolidation near the level;
a clear zone beyond the level;
there is no reaction to a strong instrument movement;
no response to a false level breakout;
there is a reserve of calculated ATR;
there is a reserve of technical ATR;
Trade Parameters
Open : 0.1773972;
Stop loss : 0.1834112;
Take profit :
0.1593552;
0.1533412;
0.1473272;
Disclaimer
Every trader should make their trading decisions based on their own analysis and circumstances. The signals in this channel should be considered as an additional tool for your own consideration.
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📊#BIGTIME may continue to rise through a potential cup-and-hand📊#BIGTIME may continue to rise through a potential cup-and-handle structure📈
🧠After a double bottom structure, we adjusted for a while and eventually formed a cup-and-handle bullish structure, and the emergence of a new bullish structure means that the uptrend may continue
Let's see👀
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Brief Analysis——BIGTIMEThe game Big Time token BIGTIME was listed on Coinbase and OKX on Oct.11. It rose nearly 30 times after listing. The token with meme attributes has driven the on-chain games and meme tokens sectors. The gaming guild token YGG, on-chain game BNX, etc. all experienced short-term pumps.
In the past history of crypto, when BTC struggled to rising, meme coins would usher in a short-term bull market. That's what happened in early May thisd year. BTC has been fluctuating at its current level for a week, and the outbreak of BIGTIME may take away some funds.
From the daily level, there is little information about BIGTIME. So we switch to the 1h level. The WTA indicator gives two special information. The first is that during the callback, the blue column representing the whales did not disappear, but reappeared a few hours ago, interrupting the callback. This shows that new whales participated in the transaction and purchased chips, and BIGTIME’s bullish trend has not ended. Another piece of information is that in the early days of BIGTIME, the main participants were whales. When the gray bars representing retail investors appeared, the price almost continued to fluctuate and the increase slowed down. We represented this stage with a yellow rectangle.
In the short term, BIGTIME may continue to rebound, but whether it can break through the ATH will be based on whether there will be continued inflows of whales. The pump has caused BIGTIME’s meme attributes to cover the attributes of on-chain games. So you need to be more cautious if you hold this token. A long green candle or a long red candle make sense.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
BIGTIME/USDT | Plan Bigtime/usdt
Hello Traders
I am expecting a 25-30% bullish move
Lets see
Trading on new kisttted coins always high risk, do your own research and Only invest as much money on new coins as you can afford to lose."