Willing to buy my own bag ( that I sold in June ) if it stays above the downtrend-line.
WHAT I LEARNT 2 YEARS OF TRADING IN THIS CRYPTO MARKET!
1) Never forget 20 / 80 rule. 80 % traders lost money to 20 % to traders / investors
2) Trend is your friend. Don’t fight with it!
3 ) Buy coins/ stocks as much as you can track easily. If you are comfortable to...
OkCah currently trading at $0.15, that is after a clean bounce off the 76.4% Fibonacci retracement level. Simultaneously, OK/USD rejected the middle trendline of the descending channel confirming price bullish intentions.
While the support is holding the uptrend is very likely to begin and it would be reasonable to mention previous idea on OkCash, where downside...
OkCash has reached the high on the 3rd of May, hitting $0.23. The strong move down followed resulting in the break below multiple obstacles. Price has broke below the uptrend trendline, followed by the break below the 200 Moving Average and the ascending channel.
It seems that OK/USD is loosing the upside momentum and the downside correction could continue,...
We bounced off resistance at .68, but have upward trend crossing with support at .53.
MACD indicator reading bullish on 2h and up.
Volume was good on the initial move upward. If we rebound off .53 and the volume is strong, maybe there's something here.
(This is my first idea post ever. I'm very much a novice so don't take my word for it. )
OkCash found the support at $0.15 that has been rejected multiple times. Currently, OK/USD does look very bullish especially after it continues to produce higher highs and higher lows.
Also, price bounced off the 200 Moving Average and then on a corrective wave down it found the support there that has been rejected. Clear signs of an uptrend presenting...
Looking at the daily chart of O.K. Cash, we can see that just two days ago it had a huge spike with volume that took it from 22 cents to 50 cents in one day. Then it retraces with a lot less volume the last 2 day to just 24 cents. Overall it raises from a minimum of 15 cents in October 23 to a maximum of 50 cents, October 31. Then it retraced about...
OKUSD has fallen from more than 0.37 in September then rose from @ 0.15 cent to @ 0.29 cent in just 24 hours (9 October), it
Its started a classic pattern - descending triangle - but did not complete it yet
OKCASH has to break down maximum tomorrow - marked as red rectangle, in addition, the break has to happen in high volume.
If that happens we will talk about...
After a long downward wedge well away from ATH we recently see a definite, closing rising wedge that is running out of space beautifully. With the macD restoring its self back to zero the rocket has been moved to the path. Now its just a question of whether it takes off or explodes at the launch pad.
Hopefully see you on the moon.
But now it looks to fail only...
I am charting in USD to get rid of any BTC fluctuations. I find that the fib levels and price action aligns well against USD.
For this idea I think OK Cash has been pumped whole lot and needs to cool down. A lot of chart elements are lining up against it signaling a correction.
Look for reversal actions at key supports/ resistances - noted in colored boxes here...