MATIC/BTC Golden CrossIt's hard pressed to find a coin or token that can see possible gains in this current market, but the MATIC/BTC chart seems to stand out.
Firstly we see a golden cross that took place on Nov 21st, where the 50EMA crossed above the 200EMA. We also see that the 100EMA seems to possibly want to cross above the 200EMA as well. Generally when Daily EMAs cross above each other we see Algo Bots buy, giving positive momentum for traders and hodlers. Secondly we see that other daily indicators verify bullish momentum, the MACD shows buying pressure and the RSI shows bulls in control.
Now in the short term a pull back is always a possibility which would present as a buying opportunity, this can be offered if BTC pulls back "crashes" again, or if the resistance levels is to strong. Currently BTC is moving sideways which allows for alts to recover/rise though our resistance at 196ish sats seems a little strong. We could see MATIC bounce between 165-196ish until the market improves.
Fundamentally the MATIC project has a lot going for it, we have a main net coming soon and many projects already experimenting with using the technology. In my opinion with MATIC being a Binance IEO and Coinbase investment it makes me think that the big players in this space see MATIC as one of the best if not the best scaling solution for Ethereum.
If MATIC can break 196 sats then we may see a move to 213 and then possibly to 251 sats in the short to medium term. I really find the consolidation on this chart to indicate accumulation which is very healthy. Not financial advice but I have out lined key resistance and supports on this chart shown as yellow lines that can be followed to the right of the chart for the exact satoshi value. I always use a stop lose in this type of market because if BTC continues his decent to 6k he will bring the market with him.
This play is more inclined to provide satoshi gains than USD unless BTC can consolidate and push upward in which it could possibly be both Sats and USD gains. Personally I hold a good amount of MATIC which I will never sell because I see the ecosystem growing and I want to be part of it.
MATICBTC
matic/btc setup for uptrendyou can see all setup for matic that binance do i think this setup for along term bull
$MATIC, Looking for a retest of just crossed resistance level...$MATIC
Looking for a retest of just crossed resistance level at ~168 sats..
This is a great place to set some alerts looking for a flip and potential new leg up..
UCTS Buy signals across multiple TFs
Set alerts!
#MATIC
MATIC fully looking bullish....don"t forgot matic.its accumulate here last 10 days . now boom to 250-350
MATIC vs BTC target areaMATIC is one of my favourites coins, so more analysis on it to come.
for now it is a very good buying opportunity.
Matic is one of my favorite coins! here is whyMatic is performing very good, and has good potential to go high in a short time. if its time to bull for matic you dont need to wait a lot .
$MATIC, Wait for a flip over ~168 sats for a potential entry$MATIC
Seeing a lot of tweets about this asset, to me this is testing resistance & rushing into buying is risky
Wait for a flip over ~168 sats for a potential entry
Volume needs to flow in, currently decreasing on the 1D
MACD showing bullish divergence tho!
Set alerts!
#MATIC
Managing my stop losses, take profits and trades over 3commas platform for Binance has been a great experience.
I have to do a few clicks and everything is managed automatically by the platform..
Thanks
MATIC - Deja vu....Matic has been darling of traders and Matic has been quit for some time.
Looking at chart it seems like it wants to repeat itself after being quite for so long.
Seems like a buy to me...
MATICUSDT: Impulsive 5th wave is nextAs it can be seen from the chart, so far matic has respected all the rules of the elliott theory. This can be invalidated if corrective waves 4 prolongs far deep into territory of impulsive wave 1. OBV shows strong buying in the background by smart money on the daily timeframe (creating an exaggerated divergence). EFI is closing in on positive terroritory confirming an imminent move upward. TRIX formed a higher low despite price making a double bottom as part of corrective wave 4.
MAtic reversal trend start.......180 soon...matic brek tringle and double bottom make its strong for reversal
MaticBtcMatic became annoying coin for me since it effects from Btcs movement way too much.
Btc effects it always negatively.
Blue drawing is my hope for Matic for next 3-4 days and red lines is most likely what Matic will do
since it always kicks me when I'm down.
I'm most likely wrong but I think I got trend lines right so be warned if you madly trust this.
I hope I will wreck 160sat soon.
I thing it won't cross dark green trend line(bottom) which comes from way back to may but it will be hard to touch the one at top.
Decision Time For MATIC
While many alts are popping MATIC is still silent but could be ready for its run.
MATIC doing somethingAs I can see we are still over the trend line which came from may 2019.
There is a ma 50 & ema 50 cross in 30 mins and we are over ma 200 and tring to break ema 200.
I do hope we are going up but as I can see Matic overly influenced by btc way too much.
These might be nonsense to you but I do think if we cross 0.236 with good volume we might see 0.5 fast.
So brace yourselfs ^^
Kijun Bounce - Matic/BTC -1D If you look at Matic for the last few days on the 16th of October, the 18th of October and now again the 21st of October we see a Kijun Bounce trade.
Each time we have seen this result in a 5% move and currently this one has momentum and volume behind it. If you check the 4hr using Multiple Time Frame Analysis you will see it has already started to make a move.
I would set targets at:
1. 181
2. 188
3. 210 - 1-2 weeks
Stop loss: 169 keeping it tight or if you want to play it a little loose stop just below the Kijun at 164.
This trade still has a daily Edge to Edge possibility and recently had a Bullish Kumo Twist.
Goodluck everyone!
Follow me on Twitter at: @coachkcrypto
Coach K
matic-btc.dhi guys
let me tell you about btc.d:
I am expecting a sharp drop on a Daily chart. upcoming days
Dominance Target will be 66.41 to 64.35
Now it will give us two scnarios
Scnario 1 = BTC drop along the dominance to support zones.
Scnario 2 = ALts do recovery while BTC go down Or ALTS dump while BTC dump
Action= ALTS can be bought once BTC go down (Buy BTC and jump into FAV Alts) If you are after Shitcoins. :)
maticbtc Signs to us has good support green box and we have good exaggerated divergence for bullish