MEMEBTC trade ideas
MEME 1H Timeframe Chart 15 December 2017So, as we've posted this one yesterday already, we need to update it.
It's in a falling wedge and seems to have found support on the lower level instead of the charted one yesterday.
In this one for a swing. If it drops down, use a stop/loss!
MEME 1H Timeframe Chart 14 December 2017Memetic, a nice swingtrade coin.
This one will retest the support soon, checking if it might go up for a new leg. I'm not that bullish on this one, as on the previous pumps, it dropped down back to the earlier resistance (new support) level. If it does breakout, we can expect another pump.
Reasons for negativism: RSI is not turning high or above 50. MACD is also negative and experience.
Let's see. If it drops, I'll be buying the support zone and wait for another jump. Otherwise I'll buy the breakout.
MEME-BTC Short !Possible third wave if uptrend line will not broke. In case third wave target is 0.00011000 - 0.00012000.
MEME Long for a quick popMEME looks positioned for a quick run up to 3000
RSI shows undersold, and it is farther below the EMA8 then usual.
MEME to the moon, Classic Elliot WavesClassic Elliot Waves analysis, we've seen correction A B C not its time for the moon. Elliot waves never get wrong
MEME In uptrend. Next wave may hit 13k$MEME in uptrend. 1. Check how perfectly it retraced to 61.8 fibo and then bounced from 50%.
2. Stochi bottomed, MACD ready for another wave:
3. Bullish divergence:
4. C&H on a smaller time-frame:
5. Natural buy walls (don't disappear when getting filled) on 61k and 68k.
6. Active devs, new website coming this week, project is planning to enter asian markets.
Finally, my calculations show that next wave can reach 13k. I'm in since 65k.
Daily Trade - MEME, Bittrex | On TA Analysis, profit and wishfulDaily Trade - MEME, Bittrex and on TA Analysis, profit and wishful thinking.
Yesterday I posted a TA about a possible MEME (Memetic) coin breakout.
Just a few moments later, market turned in the other direction and there went my analysis down the drain.
This is part of the game. No single trader or analyst is right every single time. I don't have to say that right?
Well, the present analysis is a redemption on the last one. It seems that MEME finally slowed the down trend run, found support and has 3 indicators favorable for an up trend run. Will we see the entirety of the potential up trend run? Difficult to say but lets recap:
a 13 hour down trend slowed down on its last 5 hours and found support at 61.8% of fibonacci retracement
a fat green candle pushing the price up and waking the bulls, the frightened traders sell immediately preventing the price to go up
before the MACD crossed the signal line upwards, we already saw the next big green candle pushing the prices up
RSI at 52 has enough room for a big run up.
we have a possible resistance point at 7400 sats (around 12% up from the time of this post)
-EMA and MA are at the crossing point were EMA 10 will cross above the other 2 on the next couple of hours.
I have drawn a few possible up trend lines to have an idea of possible duration of the bullish run. Also, on the wishful thinking department I included a fractal shadow of the indicated previous bull run, just for entertainment purposes, technically believing in it is the same as betting in coincidences.
So what do I think? I have my money in it. I want MEME to break the 8400 ceiling. That's also wishful thinking but with a tad of educated guesses based on fancy tools and wordy explanations.
Remember, this is not financial advice. Invest and trade at your own risk. NOBODY is right all the time. They only have to be right a few times and have a great strategy and risk management to make money. Be careful, invest at your own risk.
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is a Facebook group I created for likeminded individuals who are serious about day and swing trades. Not a place for people looking for easy ways to make money. There people work hard to make their buck, good bucks. We share trading insights, techniques, opportunities. Fundamental and Technical analysis ideas and facts. Always backed up by accordingly explanation, no posts or comments that don't add value to the subjects discussed.
MEMEBTC - Break out trade ideaBreaking above the multi-day upper trend line shown can fuel this one for a nice rip. Need to be careful though as there are signs of quick retracement after reaching every new high on the daily.
