ENG/BTC price, short term.In short term if the low resistance is not broken we could buy at 0.00046- 0.00049. Setting stop loss at 0.00043. Targets 0,00062-0.00064. Could be a nice profit in a one day trade.
Rsi Looks good and DMI Looks good too in the 5 minutes chart, and this is a short-term trade.
Im really newbie, Just two months and this is my first post. Please share your ideas with me or tell me if im wrong!, ill be happy to read your thoughts, sorry for my bad english btw.
ENGBTC
ENIGMA SHORT POSITION ON HEADS AND SHOULDERS REVERSAL - FORMING HEADS AND SHOULDERS FOR POTENTIAL REVERSAL PATTERN
- EXPECTING PRICE ACTION IN ABOUT A DAY
OPENING SHORT AT 0.00027274
TAKE PROFIT 1 AT 0.00018057
TAKE PROFIT 2 AT 0.00006906
STOP LOSS AT 0.00034261
GOOD HUNTING FELLOW TRADERS.
TRADE SAFELY.
And now for the disclaimer!
** This information is for educational purposes only and is not advice for trading **
Enigma getting ready to rise it appears!Enigma seems to have completed a whole Elliot wave sequence and has just begun another. Wave 4 in the 1st sequence aligning perfectly with the C wave correction. Wave one and two appear to be completed and it now seems to have entered wave 3.
I am new to chart reading so take my information with a grain of salt and don't invest on solely this information. Any critique is welcome. Good luck!
Fib AnalysisNot an expert, just learning how to use Fib tools. I think the commentary explains what I'm seeing here. I am looking for critique on my methodology.
I am least certain about the point B on the Elliot correction wave, but I don't assume it would extend beyond that and form a head and shoulders -
which would signal trend reversal. I'm looking for the correction then continue upward trend.
ENG - Perfect buying opportunityLooking at the charts of enigma shows you a perfect buying opportunity. With the coin already being tenfold compared to 3 weeks ago, enigma does not show any sign of stopping. It is a contract based coin trying to solve privacy and scalability issues.
Buy in:
35000 - 46000
First Target:
83000
Bullish signals from MACD, Stoch and DMI!
ENGBTC - Bear Pendant Complete - Possible new RestraintsENG has completed its signature bear pendant, and has now hit the bottom restraint identified in light blue.
Next test will be top restraint, which will test the strength of the bulls - if we return to the light blue line, this could indicate a reversal and an upward move over the next few hours.
However, a more consolidated uptrend below the previous lower restraint (dark blue) would indicate the trend would continue.
At this stage, I am neutral until the upper restraint is revealed - trending on 15 min graph primarily.
ENG BTC - Bears may take over below 3350Quick sketch to suggest that ENG may now fall below its restraint around 3350-3370 depending on descent of the current downtrend.
Descending triangle, and the lack of push in previous points of the triangle would suggest the bulls have been exhausted for now and the bears will take over as we move into the afternoon.
Opinion not advice.
ENG/BTC Short?Previous shrap price increases lead to retracement to 0.382 fib lines. Associated with large gap between EMA and 50 day SMA, and subsequent cross over.
MACD pattern. Will increase again, may follow RSI for correction.
Acc/Dist seems high.
Price movement may be 3rd or 5th leg of Elliot impulse
Difference of 357% and 227% price growth decrease by magnitude of 66%. Next increase 66% less, or + 143% price gain, followed by similar depreciated 35% price correction.
Short position at 0.00061 and 0.00067. Re-entry at 0.000445.
Thoughts?
Feedback? Looks like an ascending triangle.Just started TA today with no background, decided to look at one of the coins I recently got into. Due to a recent partnership with LEND, ENG looks like it's gaining a little bit more traction. It saw a recent spike in price to 0.00054900 satoshis. I believe the next run could take it to 0.0007 sats or even higher, just a matter of time. If the trend continues it could break out early next week, if not this is still a great coin to hold for the coming months with a lot of hype building around it. Chances of this coin ending up in the top 20 seem very high.
Edgeless is starting a registration program BITTREX:EDGBTC
twitter.com
It starting registration and to full start platform will be on 18th of January
I see a consolidation under line, Think trend will be before 18.01.18
Enigma (ENG) is heading to the MOON!Enigma ( ENGBTC ) is ready for a breakout
These patterns come up time and time again. The reason they come up is because of the way whales accumulate coins. They use bots to do this which causes very specific patterns to emerge. You can take advantage of this as a trader if you keep an eye on the coins.
The pattern is as follows:
Huge impulsive increase in price, supported by huge volume . Then a (sometimes long drawn out) consolidation period where the price action usually falls into a symmetric triangle (sometimes it's an ascending/descending triangle too). As the price converges to the apex of the triangle, the volume drops off. Usually the price will go through an A-B-C-D-E 0.49% wave, followed by a A-B-C correction with a shallow C wave, because there's so much buy pressure. Then we get another breakout after this correction is complete. I've witnessed this with so many coins, but here I'm publishing my first idea ahead of time to show that it really is happening.
Whales are accumulating A LOT of altcoins at the moment. If you are smart, you can spot it and take advantage.
getting tight now in this channelChnannel is getting tight, and with some more pressure this could pop. Also the daily chart is goed
Enigma (ENG) - Buy opportunity coming upFeeling lazy, this is going to be a short one.
- This is a 4 hr chart
- ENG finished 5 waves, we are now in correction
- Buy in at red box
- Target is the labelled green box on the top
(Previous targets for subwave 3 & 5 are the blue boxes)
*Please do not blindly follow my analysis. As a matter of fact, if you blindly follow anyone's analysis, you most likely don't know what the heck you're doing.
Good luck trading!