MATIC/BTC 4H Analysis - Craziest Move I've Ever SeenHey traders, today we're looking at the coin MATIC due to popular demand. MATIC is one of the most traded coins on Binance, if not the most traded one.
Within the span of 12 hours, MATIC lost over 60% of it's value. I saw this move coming a mile away.. MATIC tried regaining it's uptrend and failed, so the coin followed normal market cycles and retested the previous support at 216 sats.
Now don't FOMO into Matic, please trade this coin with caution. Entry should be along the 216 support level and target should be at the previous high at 563 sats for a 156% gain.
Feel free to join my telegram public groupchat to discuss more of these altcoins in greater detail.
As always please do your own research, I am not a financial advisor.
MATICBTC trade ideas
MATICBTC Why surprised? This should have been expected.MATIC left a whole lot of people wondering why it was massively sold two days ago. Well the answer is simple, it was rejected on the 1W Resistance. It was a move perfectly calculated on the trade idea seen below:
The rise prior to the rejection was easily seen on an early stage:
So what happens next for MATICBTC? Tough question given the panic on the market but based on the 1D RSI, we've just hit a support zone. If the price follows a 0.382 Fibonacci retrace and is rejected we may repeat a 2nd selling wave towards the 1W Support, which should be the next long term Buy Entry.
MATIC.btc crash aftermath Support Resistance Zones of importanceI don't have to tell you about the craziness with this coin.
But I hope to provide a road map of important prices zones.
Observe the action at each zone for signs of strength/weakness.
As this move gets digested by the market, I will post new plots.
Currently I have no guess as to what this coin might do next.
But we did catch nice profits on the way up, and on the bounce.
Chart Notes:
Left chart is 6H time frame, Right upper is 3H, and right bottom is 8 minute tf .
Hit the Full Screen (Sqaure) icon in lower center of any chart to blow up just that one.
Drag UP on any Price Scale to reduce overlapping numbers or for a closer view.
I used these exact Fibs/Zones were to make these timely calls (click):
Top Waring Dec 6, 2019
143 sat Long Entry Oct 9, 2019
385 sat Top Warning Jun 9, 2019
219 sat Re-Entry May 27, 2019
Rocket Launch May 19, 2019
I also plot many other Coins, plus Forex and Stocks. Take a look at my profile page .
My plots show you PRECISE zones for entry/exit/stop loss placement.
Even when "predicted direction" is wrong, the zones tell you instantly.
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After 50% hike in Two weeks, Matic dropped 70% in MinutesThe digital token Matic dropped an amazing 70% in just a single hour on December 10, making this probably the severest drop in crypto history. The token crumbled from $0.042 to $0.012 in a flash leaving traders totally bewildered. The dumped sum is generally $60 million as far as the market top.
This monstrous drop was to some degree sudden in light of the fact that Matic had been performing very well preceding the drop. It was up 180% over a range of about fourteen days before the drop. The emotional drop left the online life stage, Twitter in a craze with individuals scrutinizing the administration or thinking about whether it was an inside activity.
Source: TheCoinRepublic
Matic Bitcoin Pairjust ignore whatever whoever tells you about the potential of this project and it's gonna be 1000x in few years, it's all horse shit. Everything corrects and the sharper the rise, the sharper the correction.
JUST WOW! I made my TA few hours before the selloff. I hope you followed it. If not - sorry to hear. Crazy stuff - very volatile. Remember stoploss!
Opèración en largo en posible rotura de resistencia 300 satoshi!Si Matic,consigue romper la resistencia de 300 satoshi, veremos una posible subida a máximos de los últimos días de 500 o 550 satoshis.
Matic Network AnalysisHi guys!
First, what is the Matic Network?
Currently 86th in total market capitalization, the coin has been showing high volume on Binance in the last 24h.
The project aims at a scalable network and low-cost transactions.
I am analysing the BINANCE:MATICBTC chart so that we can predict this kind of scenario on future coins.
In short, we had a huge rally, then a period of doubt, and finally the breakout..
Right know, I think the coin is available at a discount (200% drop anyhow). The drop was due to rumors and whales from what I read.
What do you think about the coin?
MATIC/BTC TA Update (Goodbye Matic?)MATIC/BTC
OMG!, like I told you from my previous post about MATIC. Do not buy or you will get rekt when the ship started to sink.
Whales are so happy dumping this coin, I'm sorry for those who bought at the top.
We will have to forget this coin again for a couple of months.
#MATIC Dumped, What's Next?In this publication I want to talk about the future, not about the past. There are many traders who didn't hold the asset or just sold their positions right before or during the dump. There are also people who were interested in buying the asset, they form a support now. If we stay above the support - we grow, if we stay below the resistance - we fall. Currently, the price jumped from the strongest support of 160 sats and reached the level of 300 sats.
Overall reaction to the dump is positive, but the impulse still not that strong to show that the buyers are strong enough. Now we should watch how the price acts. If #MATIC goes above the 300 sats level and takes hold there - we can expect a further growth. If the price goes below the 230 sats support, we would expect the one to fall down to 160 sats support from where all purchases will be in priority.
Not a signal, just a requested analysis.
Bullish move in Fibonacci ChannelIt looks like MATIC is again climbing in a channel. LONG Opportunity
On the way up there might be a resistance from SMA50 sending it back to the channel bottom (276 Satoshi)
However, eventually, I expect it to climb up to the channel top (344 Satoshi) (SHORT Opportunity)
And then back to the bottom of the channel (approx 276 Satoshi) (LONG Opportunity)
This is the same climbing channel I mentioned in A Peek to the Past:
Just a possibility... Curiously watching if the Fibo channel is at work again
Matic/BTC Algo co-pilot Indicator 1 dayIt called the buy and sell and then the "Hell" which means GET OUT!
Matic/BTC The Algo co-pilot called it on the 1 hour alsoSee the "Moon" and "Hell" indicator! this would've Saved a lot of people had they had this Algo Co-pilot System! Also tells you where to take profit on a short!
MATIC/BTC Testing EngineeringRobo algo co-pilotThis ALGO indicator called the dump on the 3-Hour right before it fell off the cliff. Will post a chart of the 1 hour next! Good Work @EngineeringCrypto
MATICBTCMATIC Flash crashes to uptrend line, honestly I have never seen a move like this in my two years of trading, such a sudden drop, difficult to make any predictions of next price movement. Remember to all MATIC longs its only money! Posting this for reference in future.
A peek into the pastMATICBTC neatly moved in a Fibonacci Channel and fell down to 100% bottom of that channel.
Two detectors predicted the top
Golden Ratio Top Detector (UO_GRFM)
Mayer Multiple
Golden Ratio Top Detector also showed the potential bottom correctly.
Future? As long as it coasts above SMA350/6h, I will consider it a bullish opportunity and keep collecting.
Also note that is about to jump to an upper Fibonacci channel(78.60%) from 100% channel-- very bullish if this happens
A short MATIC story.Not much to be said.
Just another shit coin that has ended its wash & trade / pump cycle.
Now is time for beras to ripe the hefty rewards.
Recommended is 10X no more then that. It had a history of a last big spike before it died. So it might repeat again.
It MIGHT.
Enjoy & lets sell & short this indian scam.
