MANABTC
Decentraland: Rhythm of PriceI love trading. Everyone sees the chart differently, yet the same thing is displayed to everybody. One method may work for one person and not for another. Why is that you may ask? It is because we are all different. Sounds simple? Yet there are a lot more to that statement. Trading, is simple, if you think about it. There are only 3 pathways it can go; up, down, and sideways. Even then, a lot of us cannot succeed in this market. I truly believe, if you are not succeeding at trading. The reason isn't anything other than you. Until you are able to see a deeper meaning to trading than money, I don't think you will see progress. We are tempted by money, but we succeed by knowledge.
Anyways, little rant I have, back to the chart. My previous post on Decentraland was a success from point to point. I see another opportunity coming up on a smaller time frame that potentially yield a 30%+ win. There are a combination of a bunch of strategies I like to use. Fundamentally, I don't see the need for Decentraland. Does that mean I can't put money in it for a short time? No. When you see an opportunity, you take it!
What are your thoughts?
Trade with care
MANA/BTC: Ascending Or Descending Triangle?MANABTC is showing signs of a bullish trend.
Price will breakout of the Triangle soon and we will get an idea of where it's heading.
The fact that the Moving Average MA is moving in parallel to the Green uptrend line is a clear indication that something is about to happen. RSI is also signaling an uptrend movement.
Let the market does its magic!
Target Profit @ 0.00000728 - 0.00000840
Entry Level @ 0.00000495
Stop Loss @ 0.00000333
Safe Trading!
All GainsI bought into this one from 335 after reading a post from @TheCryptoLabs and working an Elliot Wave count on the chart. Do you guys think this can possibly return 400+% ? So far I am up 43%..and I am seeing a bullish wedge forming to continue our uptrend.
If it gets to my wave (3) I plan to short it (from myself, not margin) to pick back up at the end of wave (4) for a ride to my wave (5).
Fundamentally this is an interesting coin. They will be having their Terraform genesis city auction December 15th which managed to raise 1.65M USD. If that sounds interesting check them out for more details.
After wave (5) I might even leave a long term investment in the tech to see where they go.
MANA Breakout out (SHORT) Quick profit.MANA coin just had a breakout.
I am making a short here to earn some quick bucks.
The Fibonnaci levels show where the targets and resistance will be.
The indicators confirm the breakout.
And the TD Sequential will give me all the details I need to know how this coin is going to progress.
1h chart.
This is a risky trade.
I don't recommend buying at any level.
Just sharing for your entertainment.
Hope you enjoy the chart.
MANABTC Trade Opportunity, Low Risk, 500% RewardTechnical Analysis:
- CM_Stoch_MTF is at bottom and moving upwards, signaled buy
- Bullish Harami Candle formed, signaling end of bearish market and reversal into bullish market
- MACD support upward movement
- Williams_Vix signaling floor / bottom (buy indicator)
Risk:Reward: 5+
Stop Loss: 236 Satoshi
Short Term Target: 690-750 Satoshi (0.786 Fib + Local swing high)
Medium Term Target 1 : 1200 Satoshi (1.618 Fib extension)
Medium Term Target 2: 2000 Satoshi (2.618 Fib Extension)
Fundamental Analysis:
- Reddit AMA December 12
- Terraform Event December 15, over $1.65M USD worth of MANA tokens contributed to event
MANA BTC | Reversal + Bottom Established | High GrowthDecentraland is fresh from the oven, hitting Bittrex only a week ago. With new coins, price fluctuates a lot with bottom unestablished but will eventually find its way back to when it first came out
CLOSE UP BELOW
Good Buy
Strong support line at 200 satoshis
Bottom established
Ascending Triangle Reversal
Bad Buy
Uncertainty - No prior data to work with
Without a clear bottom, price may drop further
Support line at 200 satoshis
Buy Zone - 190 to 220
Stop loss - 180
All the best!!