Been sideways forever and now that all markets are down, it's time for the sleepers to wake.
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Well, that went better than predicted.
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New Target 0.000296 BTC
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Here is an explanation of what I see when I'm drawing charts.
I try to point some of these items out, but I don't always provide a full explanation as it's time consuming and I try to do as many charts as possible to find the best coins to give the greatest returns in the shortest amount of time.
Some coins show long-term consistent growth (like Siacoin SC) and those coins I use for diversity to weather the storm when other coins take losses or when markets turn.
Building a strong portfolio is not just about buying and holding one coin, but having a reasonable spread to manage the amount of risk you are taking on. For instance, I'll find something that will give me 50% gains per week (SC) and then I know I can risk up to 50% of whatever I put into that coin on higher risk coins that may give me 300-1000% per week in gains. Those higher risk coins may also lose 100% of what I risk, so never risk it all and never put all your coins in one basket.
I try to point some of these items out, but I don't always provide a full explanation as it's time consuming and I try to do as many charts as possible to find the best coins to give the greatest returns in the shortest amount of time.
Some coins show long-term consistent growth (like Siacoin SC) and those coins I use for diversity to weather the storm when other coins take losses or when markets turn.
Building a strong portfolio is not just about buying and holding one coin, but having a reasonable spread to manage the amount of risk you are taking on. For instance, I'll find something that will give me 50% gains per week (SC) and then I know I can risk up to 50% of whatever I put into that coin on higher risk coins that may give me 300-1000% per week in gains. Those higher risk coins may also lose 100% of what I risk, so never risk it all and never put all your coins in one basket.
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Holy wow! I look away for a few minutes and the chart is off the screen.
I'm already up 200% in the last 8 hours.
I'm already up 200% in the last 8 hours.
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This one did a slight double top, so risk level is increasing. If we can try to break through that double top, then this may continue to the target I show.
It also dropped very fast, so this is a 5 minute chart and my projected flag (not confirmed yet, only on 1m charts.
We're near the 61% fib retracement already, so we're at a good place to buy, IF you think we'll continue upward. I'm uncertain, so I may wait a little bit to see if we bounce off the 61% fib and start to move upward at a good pace.
I'm currently out of this trade (made around 200% in the last 8 hours), but will jump back in if the bounce is good. Watching closely. Another 100% would be really nice, but I'm not counting on it yet.
It also dropped very fast, so this is a 5 minute chart and my projected flag (not confirmed yet, only on 1m charts.
We're near the 61% fib retracement already, so we're at a good place to buy, IF you think we'll continue upward. I'm uncertain, so I may wait a little bit to see if we bounce off the 61% fib and start to move upward at a good pace.
I'm currently out of this trade (made around 200% in the last 8 hours), but will jump back in if the bounce is good. Watching closely. Another 100% would be really nice, but I'm not counting on it yet.
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This is looking pretty good.. still out, but watching for a nice solid upward break.
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flattening out.. almost time to buy.. give us a big green candle or 5 of them.
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more sell off.. this one may be done for a few hours.
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It's still struggling here.. give it some time.. wait for it. I'll go update my ETH chart in the mean time.
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Hint.. when we enter into the side of an Ichimoku cloud (the green one), there is a high likelihood we will come out the top (not usually sideways, we'll move upward like the arrow shows).
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And a solid drive upward.. I'd almost call this a re-entry point. If you have a stop-loss option, then you could buy and HODL here. I'll wait another 5-15 minutes to confirm this will move upward again. Then keep a close eye until we break the all time high, then moon.
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I need a few more green 15m candles. I'll wait 45 minutes to an hour before I decide if this is a buy. Time for a power nap (famous last words).
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This one never came back up.. moving on. BCC update next.
