HiTech
Long

Metal Pay Could Help Double Your Bitcoins

BITTREX:MTLBTC   Metal / Bitcoin
Metal Pay found the support at 26k satoshi and started to move higher. It broke above the downtrend trendline as well as 200 Moving average. The corrective wave down followed and it went back to test the downtrend trendline and MA, but this time as a support.

Clearly, this support has been rejected, which could indicate that MTL/BTC is now ready to move higher. The very strong resistance is seen at 140k satoshi where two Fibonacci retracement  levels are inline. First is the 76.4% level of the Fibonacci applied through the last wave down, and the 38.2% level of the Fibs applied through all time high. 

If/when Metal Pay will reach the target, it would more than double against  Bitcoin             . On a downside note, only a break below the 26k satoshi could invalidate bullish outlook.
Kommentar: Metal rejected the trendline!
Kommentar: Metal rejected trendline again
Kommentar: Metal will be delisted from Bittrex on the 12th of Jan
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ETH Tip Jar: 0x79bb76b99114f9b33fd3e5477eb05f2738d51
@HiTech We sell it now @44 or wait till 11 jan? I am in huge loss with this one right now so let me know :)
It will be listed on other exchanges.

Just wanted to say thanks for the other tradingview ideas.
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HiTech PRO Sjappie
@Sjappie, you can look for another exchanes that have mtl and transfer it threre
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The MTL market is being delisted from bittrex on January 12th 2018. Congradulations :(
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I been following you, you are very good analyst.

How do you adjust trades when Bitcoin decides to move upwards or downwards?

it has a huge impact on the market and i've been trying to figure this out to further adjust my strategy and increase success rate.
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HiTech PRO TheCryptoLabs
@TheCryptoLabs, I don't adjust anything, just trading the signal
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I've been studying MTL,
but I don't see any rise as expected.
I'm a little concerned :/
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sinofd cooloff
@cooloff, Patience. Can take few weeks, even months to hit resistance level
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thank you bro
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@Joker7, enjoy
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