This week we are looking at HOTBTC.
I picked this coin for 2 reasons:
#1 The technicals look good
#2 This is kind of a "penny-stock" coin and I'm looking to improve charting those
On the technicals: we are still in a long term uptrend that started at the beginning of this year.
This trend is holding nicely on the daily.
On the hourly we have recently created 2...
This coin perform strong bearish from Januari, and almost reach fibonacci support at 24.
This support also as classic support and resistance.
If 24 able to hold bearish movement, We have 145% profit target at 59.
*if you agree, let me know by like this idea ^_^
Buy in: 12 - 13
HOTBTC Targets for Alan Masters supporters:
Stop loss: Close weekly candle below 9 satoshis (0.00000009).
WORKING FOR THE PRESENT, NOW!
Tomorrow remains tomorrow regardless of what happens, it is a day that never comes.
The present is something different that from the future cannot be...
In my previous post of 1st Feb:
I caught the initial X to A leg to catch harmonic pattern most commonly gartley or bullish butterfly, now after retracments the pattern is clear which is a bullish BAT.
The price action has broken the pivot point which can lead to 1st...
ABC correction ended on 50 fib line. Broken resistance now acting as support. Assuming it holds, I'm venturing a guess we get another set of impulsive moves which will coincide with the release of alpha testnet in March.
$HOT chart is smoking hot rn. Nice consolidation with previous bullish OB as support. If BTC doesn't tank, this will run. I expect price breaks above the OB and raid those equal highs as 1st TP (42 sats). Stop loss below the OB.
Hi guys hotbtc seems to be on wave 3 correction to form wave 4 before we travel up for last wave 5.
Price aiming at re-test of the previous triangle breakdown. Good buy area is located in the area of 24 sats towards 23sats.
Kindly follow the suggested level for buy on the chart and always remember to apply stop loss.
Level to watch for are:
If HOT finds support in the star box it would be really cool.
21 sats looks good on the daily aswell, keeping an eye out on it.
I'm not bearish, I just want a good entry.
I actually bought 11 sats but sold it too early, I learned my lesson, always keep a low percentage of the trade to "let it ride", helped me out in RVN!
HOTBTC is extremely oversold at 1D chart. Stoch RSI is at the absolute bottom. Tom Demark count gave a red 7 which confirms that bears will be exhausted soon. Price is currently at daily MA50 (29) This is a major support point and seems like it will hold. It tried to break it today but market gave immediate response. I expect price to increase in upcoming days....
All in graph.
A First Buy Test should be around 25Sats but u have to keep some juice to take more later. it can bounce from EMA100 if acting as support.
Seconf rebuy and safe one is around 20Sats. Very Strong support here. it should be an automatic bounce from EMA200.
and like always keep an eye on BTC as it can influent all shitcoins trends.