MANABTC trade ideas
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.
$MANA Takes off on its second major leg following Upcoming CtlysDecentraland is a virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications. It is the world's first virtual reality real estate application essentially. It features a futuristic 3D Real World MMORPG type fantasy world gaming engine that can only be described as a crossbreed between The Sims/Second Life/And anything your wild Imagination could possibly come up with.
The gaming engine has already garnered rave reviews and up to $1.65 Million dollars in MANA has already been committed to the first Terraforming event to take place on the 15th of December which will enable the first transformations of the in world game.
Decentraland will be doing an AMA on Reddit on the 12th of December at 1 PM GMT to further describe the upcoming Terraforming event.
In the last 2 weeks alone $MANA has been added to the following exchanges:
1. Binance
2. HitBTC
3. BigONEexchange
It is already listed on Bittrex and looking to be listed on Kraken and Poloniex within the next couple months.
$MANA Will be one of the Top 5 Cryptos within a year. Why? Watch this video
www.youtube.com
Check out their site: decentraland.org
Then read about events that are coming up: blog.decentraland.org
Predicting 80,000 sats by end of next year.
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!!
mana added to bittrex... look for pop like ada just didAs all ico coins do the dump happened soon as the exchange started trading but now you see a leveling out around the 300 sat mark. If you have been around crypto awhile you know getting in early on a new coin and waiting for the first big push up can be very very profitable. I caught it last night and scaled in and out for over a 15 percent gain in less than an hour! These can be risky trades and because you only need very small moves to have very big percent change I play it safer by when I think its bottoming I slowly buy and once it does start to go up I add to position slowly buying dips as long as its not falling buy is just a slight pull back. Then as we start to take off im selling not trying to hit a homerun but making sure I don't lose and lock in gains. When something is added to an exchange you have no idea who is holding what they think its worth and when someone may dump 5 btc worth of coins which in a coin of this size would have dropped price 10 percent. So you have to start selling the rallies as well as i would have a stop in moving it up as well as selling to ensure if and when someone dumps I'm out in profit.