Polymath (POLY) formed Butterfly | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Polymath (POLY) with Bitcoin pair.
On a 4-hr time frame POLY has formed a huge bullish Butterfly pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Polybtclong
Polygon: Booming!The Polygon price has dropped significantly and is doing well within the light blue zone. However, the drop should only continue until $1.664 at max. With a low around that mark, we expect the course to move upwards again and seek prices of above $4!
Almost there!
POLYMATH POLY: what's next for POLYUSDTif POLY is able to hold the current trend line it may test above test line levels. Break on either side from the triangle will decide which way its going to move next. 0.70 and .64 are important levels of support.
POLYBTC getting bounced from the support of wedgeBig wedge:
On the weekly chart, the price action of the Polymath token is moving in a falling wedge pattern. The volume profile is showing less interest of traders close to the support and strong interest above the resistance of this pattern. The lower bands of Bollinger bands is also above the support of the wedge and the upper band is also above the resistance of the wedge pattern. The stochastic is in the oversold zone but did not give bull cross or buying signal so far. MACD has turned weak bearish from strong bearish.
Monthly big BAT:
On the monthly time frame chart, the price action has formed a big bullish reversal harmonic BAT pattern and entered the potential reversal zone.
Weekly SMAs:
On the weekly chart, the price action is moving below the 50 simple moving average. The 100 SMA is aggressively moving down to cross down the 50 SMA that will be a very powerful bullish event.
Conclusion:
The price action is at the support of a wedge and also entered in a potential reversal zone of big BAT. Therefore there are big chances that the price action will start a very big bull run soon.
POLYBTC completed bullish BAT for up to 126% bullish rallyHi friends hope you are well, and welcome to the new update on Polymath (POLY) token.
On the long-term monthly time period chart, the price action of the Polymath has completed the final leg of bullish BAT and entered in potential reversal zone.
Possible profit and loss ratio:
This trade has profit possibility of 126% and the loss possibility is only 15.5%
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
POLYBTC LOOKS GOOD FOR A BUY — 100DAYS OF TA, DAY 84Time Frame: Daily, 4Hour, and Hourly
Hi guys,
Welcome back! Day 84 of the 100 Days of TA is here! Today's spotlight is on POLYMATH (POLYBTC). I talked about the next direction of POLYMATH and the whys. I showed some high probability setups here, what usually happens and what would happen.
Have fun watching today's video! If you think there's something I should add or maybe there's any coin you have your eyes on? You can drop in the comment section.
Always remember that this is Technical Analysis and it's a game of probabilities.
Thanks for coming today!
See you tomorrow!
POLY/BTC (Testing Major Support Area)💎Technical Analysis Summary💎
BINANCE: POLYBTC
-Polymath is now testing the major support area
-This zone is a confluence of previous support and resistance
-I don't recommend to enter a buy position now
-My advice is to wait to form a consolidation base
-And look for any reversal signs like pattern
-You may enter on the upside breakout confirmation
-Target the previous support area at 400s sat
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````
POLYBTC LOOKS GOOD FOR A QUICK BUY — 100DAYS OF TA, DAY 79Time Frame: Daily, 4Hour, and Hourly
Hi guys,
Welcome back! Day 78 of the 100 Days of TA is here! Today's spotlight is on POLYMATH (POLYBTC). I talked about the next direction of POLYMATH and the whys. I showed some high probability setups here, what usually happens and what would happen.
Have fun watching today's video! If you think there's something I should add or maybe there's any coin you have your eyes on? You can drop in the comment section.
Always remember that this is Technical Analysis and it's a game of probabilities.
Thanks for coming today!
See you tomorrow!
POLY/BTC (Neckline Breakdown)POLY/BTC
-The support located at 420 sat range is already broken down
-Since there is no clear support located after the breakdown
-It will likely revisit the 200D MA plus previous resistance zone
-That's the key areas where Buyers will enter the market
-For potential Bounce trade setup to retest the previous neckline support
poly btc updatefully Bullish After Breakout Of Nack Line , Big Announcement Expected Incoming Days . perfect entry for mid term
POLYMATH 15% Short term Polymath (POLY) is creating a global platform for issuing and investing in securities tokens. Polymath’s standard for blockchain security tokens aims to integrate the necessary regulatory requirements into smart contracts and comply with regulations. The project simplifies the legal process of creating and selling security tokens. It establishes a new token standard (ST20) and enforces compliance by whitelisting authorized investors and their Ethereum wallet addresses. The POLY token is used for payments on the platform, which facilitates exchanges between issuers, investors, service providers, and developers.
--------------------------------
Today they have been just updated their whitepaper massive gains incoming HODL for more gains
POLY Token Has Surged More Than 180% | What Next???Hi friends hope you are well and welcome to the new update on Polymath token. The POLY token has surged more than 180% and we had to very obvious signal before this bullish rally. Let’s have a look on this signal and complete analysis.
Powerful signal a bullish Gartley move:
Second signal was very obvious Gartley move by the price action of Polymath. The formation of this statement was started from 25th January 2020 on 4 day chart. And the pattern was completed on the 2nd April 2020. Since then the price action was moving in the potential reversal zone of this pattern that starts from 0.618 and ends up 0.786 Fibonacci retracement level. And finally in the month of May 2020 the price action took a powerful bullish divergence and produced more than 180% bullish rally so far.
Up channel formation:
After bullish move the priceline of POLY token started moving within an up channel on 12 hour chart. So far the price action is moving within this up channel and during this move it is hitting the support and resistance levels very well. At this time the priceline is at the support. I have also placed simple moving averages with the time period of 25 50 100 and 200 on this chart. And we can see that the smallest time period moving average is above all other simple moving averages and biggest time period moving average is below all the other moving averages. Therefore a complete open alligator mouth by the simple moving averages has been formed and that is very strong bullish signal. While the priceline is retesting the support of the channel it is also having the support of 25 simple moving averages as well.
Exponential moving averages are playing a good support role:
On the daily chart the price action crossed up the exponential moving averages with the time period of 10 in 21 on 15th may 2020. Since then the priceline is moving above the both exponential moving averages. If we take a closer look on the movement of price action above these EMAs then it can be easily observed that whenever the price action moves little bit down it uses these EMAs as support and moves up to start another bullish rally. At this time the price action is again retesting these exponential moving averages as support.
Should we buy here? And if someone bought it then where to exit?
Now if someone wants to buy the POLY token after when the price action has already been surged more than 180% then he or she can buy it at the support of the channel and make this support the stop loss. Because the support of this channel is very much strong and it is very obvious since the price action has started the bullish rally it has never broken down this support of channel.
Bill William alligator indicator and stop loss technique:
Here I would like to suggest another technique that I use to catch such bullish rallies. And that is the use of Bill William 3 lines that is also called the Bill William alligator indicator. This indicator is very useful to catch the bullish and bearish is rallies. This indicator is a combination of three moving averages. The smallest one is with the time period of 5 the other one is with the time period of 8 and the biggest time period moving average is 13. The smallest one called lips the middle one is called teeth and the biggest one is called jaw. Whenever the smallest time period moving average moves above all other moving averages and the biggest time period moving average moves below all other moving averages then it is called that the alligator mouth is opened. And this is a strong buying signal. And whenever the smallest time period moving average moves below all the moving averages and the biggest time period moving average moves above all MAs then it is called that the alligator mouth is closed and that is a strong is sell signal.
Even though this is very useful indicator but however the time period of these moving averages is very small. Therefor sometimes this indicator can give the false signals. In order to avoid the false signals by this indicator we should use some other combination of indicators as well. For example here I am using the simple moving averages with the time period of 25 50 100 and 200. Now for example if the alligator mouth will be closed then we can find that which one of other simple moving averages from 25 50 100 and 200 we have as recent support below the price action. Now for example if we have the 25 simple moving average then we should wait for the 25 SMA to be broken down. If this simple moving average will be broken down then we can take exit as stop loss. This method can save you from the false signals of alligator indicator and you will also not miss the next bullish rally.
Conclusion:
The up channel that has been formed on the 12 hour chart has very much significance for this bullish rally. If this up channel will be broken down that will be the first strongest signal that now the price action can start a correction rally or a bearish move. However, we should use some other combination of indicators like I have suggested to avoid any kind of false signals. If you have any strategy then you can also use that to avoid any unnecessary sell by getting trapped in a bear trap.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
POLY/BTC, NESTED HARMONICS, 100% PLUS POTENTIAL SETUPNEED THE 0.886 for the smaller (nested) harmonic to hold (a wick below is fine as long as we don't close a candle below) for a nice move up.
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
Polymath On-Balance-Volume significant uptickPolymath saw its OBV rise dramatically across several exchanges in the past few days signalling heavy accumulation.
Glassnode also shows the top 1% richest have been accumulating ever since last year.
This is typical of smart money. Accumulate heavily without increasing the price of the asset.
Expecting Polymath to have a massive rally in 2020.
They will release their own blockchain called Polymesh in Q2(testnet) and Q4(mainnet) of 2020 which will be catered specifically for security token offerings (putting equities, pension plans, retirement funds etc on the blockchain)
Note. This is not financial advise. Please do your own research.
POLY/BTC (Up to 66% Profit)POLY/BTC
Polymath has been consolidating for 120 days and finally some early signs of bear weakness.
Price has broken above the down-line resistance and trading above 50 Day MA.
Multiple green volumes are seen for 4 days which tells us that buyers are starting to step in.
A big move is about to happen in the coming days.
POLY-BTC painting a CUP with favorable Ichimoku and potential HLPolymath is an ambitious and a promising blockchain project in the security token space which is building its own blockchain POLYMESH with the help of Charles Hoskinson (Ethereum co-founder and Cardano founder). Poly has been dropping in price against BTC for quite some time and the chart looks quite bullish due to the following reasons.
Price just under 20 SMA of 320 sat and a move move will see quick short term gains to 365 which is the daily BUY Trigger as of today.
Ichimoku cloud 'KUMO' is getting narrower with a potential move above the cloud which will bring HL confirmation and a potential longer term bullish price movement.
Security token space is still at its infancy and has a huge potential. Given Polymath has the first mover advantage with lot of respectable and reputed Partners, the best is yet to come.
------------------------------------------------------------------------------------------
Entry: Below 315
Targets: 365, 425, 633
SL: 290 recommended (Just below 293 Daily LL)
------------------------------------------------------------------------------------------
Check my 'Scripts' page to see my published scripts. Get in touch with me if you would like access to my invite-only scripts for a trial before deciding on a paid access for a period of your choice. Half-Yearly, Annual and Lifetime access available on invite-only scripts along with 1hr Team Viewer intro session.
------------------------------------------------------------------------------------------
POLY Huge PotentialPOLY/BTC chart looks really interesting.
Look at the volume profile: we are at the highest volume node; the point of control has been retested so many times that it seems once we surpass it, the firework will start. Some hot news could easily drive it.
CMF & RSI show strength on the daily
Volume increase while trading in a tiny trading range, which testifies accumulation .
Should not close below lows. That would be bearish.
Upside potential is huge. Targets on the chart are conservative.
If you like the idea, please, do hit the Like button and subscribe to the profile in order not to miss our updates!
The information given is never financial advice. Always do your own research.
Polymath/Bitcoin (29 May) #POLY $POLY #BTC $BTC#BUY #WAIT
Current price : 1240
Buyzone : 1200
Sellzone : 1690-2000
Stoploss : Below 1100