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HOT/BTC IS LOOKING HOOTT TODAY - Day Trader ExplainsLads and Ladies, Welcome back to TJs' Trade Corner, today we will be taking a look at HOT/BTC after it got some nice attention online, let's see what is actually behind the hype of your favorite shillers. There are multiple points that I want to cover and we will start with market structure. Clearly, as many have seen it, we have a falling wedge. This falling wedge has been drawn exactly on the line-chart, where we go only for the closes. I see that there is a second possibility for a falling wedge, focusing on the wicks. Nevertheless, the closing prices have more weight to it and since it aligns perfectly, I stick with them. The second step is to look at the retracement itself. We see that HOT/BTC had an immense push, yet everthing that goes up, must come down again. This happened here as well, we come once again to a point where is our uptrend broken? To which point can we retrace before the uptrend is officially broken and there is no reason to long anymore? This is the 61.8% line of the Fibonacci tool. As we can see we are exactly at this point right now and normally we see a strong bounce at these levels. I have to say, here the Fibs start at the start of the clear uptrend, but end below the very top of it. This is because I want to always have at least 3 confirmation points for any horizontal- or trend-lines. After identifying the structure, key levels and the trend, we take a look at the volume. Here, the volume has been very significant during the uptrend, yet during the retracment, the volume has been nowhere near significant levels: Still, we had some buy volume spikes in that time, where it should be exactly opposite. This is a clear sign that this is just a retracement and not a new downtrend. Giving us the best foundation for a long position. Looking next at the TJ-Stoch, we see it trending up, during the retracement, which is a bullish divergence and a good buying opportunity. Moreover, we just saw a crossover and can expect a nice push pretty soon. Especially, if we stay above the 40p line. Now, lets take a look at what is necessary for a clear breakout. To be sure of a nice and clear breakout, we need to see a daily close above the 50% Fibs line. At that point, we would have a clear break of the retracement, also, significant volume should be important. The medium target would be at 33 sats, yet it could continue with a 200% push if we break the previous high. This trade has been published before in my private learning group "ETG". We are going over many observations and possible trades very frequently. It is meant for only those who are really interested in becoming a self sufficient trader and learning about all the secrets of trading. Should you be interested in ETG or the indicators I use, join my discord channel and say hi in chat, then I will give you a free trial for which you might be interested. Like and Follow me and you will find the space interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. Cheers TJ
HLong
by KongTrading
1
Possible impulse for HOT?HOT is sitting on the 0.618 fib level, also too note we can see the Daily SMA200 is currently not far below at 21 sats so I am expecting some sort of bounce here. I have outlined what could be a massive impulse run for HOT where price is in wave 4 and about to transition into wave 5. First I am looking to see if we can close a daily candle above the 0.382 fib, if this happens I will then expect price to jump back into the 40s, and if price rises above our ATH at 46 sats the final target would be the 1.618 fib currently at 60 sats although this 1.618 can slightly vary if price does infact drop down lower to the daily SMA200. Whether or not this mega impulse run plays out.... I see reason to believe we trade a nice bounce here!
HLong
by FirstClassCrypto
1
There is a possibility for the beginning of an uptrend in HOTETHTechnical analysis: . HOLO/ETHEREUM is in a range bound and the resumption of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 46. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00000741 to 0.00000644). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00000741) Ending of entry zone (0.00000644) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 0.00000827 TP2= @ 0.00000885 TP3= @ 0.00000936 TP4= @ 0.00001028 TP5= @ 0.00001115 TP6= @ 0.00001204 TP7= @ 0.00001288 TP8= @ 0.00001491 TP9= Free
Long
by ForecastCity
2
There is a possibility for the beginning of an uptrend in HOTETHTechnical analysis: . HOLO/ETHEREUM is in a range bound and the resumption of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 39. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00000741 to 0.00000644). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00000741) Ending of entry zone (0.00000644) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00000827 TP2= @ 0.00000885 TP3= @ 0.00000936 TP4= @ 0.00001028 TP5= @ 0.00001115 TP6= @ 0.00001204 TP7= @ 0.00001288 TP8= @ 0.00001491 TP9= Free
Long
by ForecastCity
2
There is a possibility for the Resumption of an uptrend in HOTETTechnical analysis: . HOLO/ETHEREUM is in a range bound and the Resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 52. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00000825 to 0.00000741). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00000825) Ending of entry zone (0.00000741) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00000936 TP2= @ 0.00001028 TP3= @ 0.00001115 TP4= @ 0.00001204 TP5= @ 0.00001288 TP6= @ 0.00001491 TP7= Free
Long
by ForecastCity
2
HOT - CRYPTO WITH OVER 1,000X PROFIT POTENTIAL - CryptoManiac101NOTE - THIS IS NOT A TA ANALYSIS - THIS IS MY 12+ MONTH PRICE PREDICTION FOR HOT CRYPTO What's HoloChain HOT? It's an open source framework for creating decentralized apps. Holochain the company is hosting on top of this framework. Theoretically you're able to build a Bitcoin like ledger on top of HoloChain network or a private blockchain such as Ripple or virtually anything else. They do compare themselves to Ethereum like network and rightly so. At the end of the day, is there profits to be made by investing in this project? YES Are there potentially major profits upwards of 1,000X to be made? YES Should you invest in it? DYOR and possibly dedicate a small percentage of your portfolio into this project SUMMARY They can be described as the 'next generation' of blockchain and are just starting off. With a cost of just around $0.001 - it's definitely not a bad investment and after you do some research, I think you'll come to same conclusion! Don't invest what you're not able to afford to lose, this is crypto after all.
HLong
by CryptoManiac101
5