Short

KMDBTC | Reversal + Uptrend coming?

Updated

KMDBTC just finished an Elliott Wave Correction and now making a move to break through resistance line.

Downtrend Continuation
Break through strong bottom support at 28.5k
Failure to break through resistance

Uptrend Indications
Breaking through resistance line and follow Elliott Wave Theory
Clear uptrend on 1h MACD
Volume rise

Buy Zone
1) At wave 2 of Elliott Wave Theory to confirm uptrend
or
2) At 28k support
or
3) 50% at Option (1) and another 50% at Option (2)

Short Term Target - 34k
Tight Stop-loss - 27.5k

BTC is still quite volatile. So just be wary!
Do your own research! :D

Good luck!

Note

whoa that was early! KMD popped out of resistance line and hit Wave 1. I will look to enter when it corrects to Wave 2. :D

Note

It is unfortunate that I did not open any position prior to this breakout. Really trying hard to control the urge to buy at 31k and above. Don't FOMO! The risk of it dropping is higher than it increasing. :D

Note

Going through a nice pull back currently. 30min Stoch RSI showing that people are selling the crap out of this. I am looking to enter when Stoch RSI is showing an upturn

Order cancelled

I did not open a position on KMD because I had other active trades :( and I feel a tinge of regret. because it hit my sell target at 34k from a pump. Perhaps I will do another TA on KMD. :)

Trade closed: target reached

The target was reached. :D I hope anyone who followed managed to get some profits!!

isaaczcrypto

Also on:

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.