Aion Binance
ALWAYS LOOK AT COINS IN RELATION TO BTC. NEVER TRUST SOMEONE WHO DOESN'T LOOK AT THE RELATIONSHIP TO BTC.
THE CHART IS INTENDED TO BE ZOOMED IN ON TO SEE CERTAIN POINTS. PLEASE DON'T KILL YOUR EYES LOOKING AT THE SPECIFICS OF THE ZOOMED OUT VERSION.
See what BTC might do before thinking about buying any Crypto. I believe in trading when BTC looks good to bounce (continue/end current trend)and using BTC as the base-point for buying into and out of alts. Coins may trade on their own TA, but more than not their TA will be effected by BTC. Due to the severity of the big trends possibly ending.
So onto Aion. Current level is perfect to see a cup. Right above the March cup, but under the April cup. I will want to see the MA develop a bit better before wanting to buy in and see what BTC is up to.
There has been such a high amount of movement in Aion. Looking at this fib, we can see how often it has gone from the .1 Retracal to the .25-
I won't, but if I was to trade on Aion, i would FOR SURE buy in and put a sell around 3547. To buy Aion and not have a sell on the books is possibly the dumbest thing in my opinion, due to its past tendency to shoot up.
TL;DR Once BTC looks decent, look at Aion, then for purple and red MA movement patterns. Last look for big spikes in the .1 - .25 retracal area. Don't forget the importance of leaving a sell on the books for Aion.
THE CHART IS INTENDED TO BE ZOOMED IN ON TO SEE CERTAIN POINTS. PLEASE DON'T KILL YOUR EYES LOOKING AT THE SPECIFICS OF THE ZOOMED OUT VERSION.
See what BTC might do before thinking about buying any Crypto. I believe in trading when BTC looks good to bounce (continue/end current trend)and using BTC as the base-point for buying into and out of alts. Coins may trade on their own TA, but more than not their TA will be effected by BTC. Due to the severity of the big trends possibly ending.
So onto Aion. Current level is perfect to see a cup. Right above the March cup, but under the April cup. I will want to see the MA develop a bit better before wanting to buy in and see what BTC is up to.
There has been such a high amount of movement in Aion. Looking at this fib, we can see how often it has gone from the .1 Retracal to the .25-
I won't, but if I was to trade on Aion, i would FOR SURE buy in and put a sell around 3547. To buy Aion and not have a sell on the books is possibly the dumbest thing in my opinion, due to its past tendency to shoot up.
TL;DR Once BTC looks decent, look at Aion, then for purple and red MA movement patterns. Last look for big spikes in the .1 - .25 retracal area. Don't forget the importance of leaving a sell on the books for Aion.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.