WABI vs BTC chart looks painfully familiar - printing classic Wyckoff accumulation pattern.
Fakeout (spring) followed by successful retest of the lower support level. And now bounced off 1D EMA200.
aiming at 3500 sats for now & will try to update as we go.
Another update with my WAN journey:
WAN is now showing signs of weakness on BTC chart:
Bearish RSI divergencies on Daily and 4H in the making, so I would speculate we may see quite signifincant retracement and find support at EMA200 level, before continuation higher.
Long term target remains the same - I'm still aiming at around 6k sats.
I'll keep it simple here :)
12M Mcap Binance IEO with active team that hasn't pumped yet;
Entire price action range is one giant falling wedge;
Bullish RSI divergence on weekly and daily;
Bullish MACD crossover on daily;
stop-hunt wick - done ;)
IOTBTC weekly chart looks interesting.
Bullish RSI divergence on weekly followed by a little bit smaller hidden bearish RSI divergence. So I would speculate that we will see a retracement to have it cleared, followed by a rally supported by that bullish RSI div.
42k sats seems like important resistance area I would be aiming there as target.
Not trading this, but for entertainment purposes, this is how I see current BTC setup:
Bearish Chuvasov fork supported by bearish RSI divergence on all smaller TFs: 15m, 30m, 1H, 2H & 4H.
At the same time there's a small fresh bullish RSI div on 15m & 30m.
So I would speculate we might get one more tiny rally before continuing lower.
Love this chart :) added quite a bit more on this retracement (730-745 sats range).
no changes on the original plan > it's a classic Wyckoff accumulation.
Given recent ETH rally, I would exepect multiple other alts to follow and it makes sense to focus on those that are lagging a bit now.
A quick update on WAN chart:
Given BTC price action and expected volatility, I think Alts will have to take a breath here and cool off a bit.
I don't expect the dip to be very violent and laddered my buys 2500 sats and a bit lower.
Important downtrend is already broken (also on USD chart) and ideally I would like to see it successfully retested (and buy some)...
AION vs BTC chart looks bullish: bounced off EMA200 (should be acting as support now);
Important trendline broken, another one still to be taken out, expect rapid rally once that's done.
Target for now: ~1900-ish sats
SUPERLONG on WAN. Still riding my bag from April and will be adding more if it dips.
Final stages of accumulation.
- Bullish RSI divergence on weekly chart;
- Downtrend breakout looming;
- Textbook Wyckoff accumulation pattern;
- Extensive list of upcoming FA news & annoucements (check Twitter & CoinMarketCal for details)
1st target - 6k sats;
2nd target -...