OKBTC trade ideas
OKCASH - Upwards movement potentialI just bought some OKCASH mainly because the supply is very limited (Circulating Supply 73,450,682 OK, Max Supply 105,000,000 OK)
and they have great initiatives such as socially responsible projects.
You can see their foundation here; www.okcashforcause.org
The market cap of the coin is at a quiet low level as well compared to many other projects (Market Cap $36,705,436 USD)
I see a lot of potential in this coin.
Also RSI crossed on the daily and looking up as well as the MACD about to cross.
As you can see on the chart, the price have been going at the bottom part of the bollinger band, historically speaking a move towards the upper lines doesnt seem that far at all.
I am in!
DYOR
OKBTC OkCash. Ascending Broadening WedgeBriefly:
1. It's more likely 3 white soldiers pattern on graph.
2. Going on ABW pattern, so we may reach upper edge.
3. Indicators confirm price reversal.
Idea:
1. Buy at 0.000048 - 0.000049.
2. Stop-loss 0.000045.
3. Take profit: longrun 10-12k, shortrun 6-6.3k.
Good Luck and don't forget that not all ideas are right.
OKBTC OKCash. Rising WedgeSo, generally what I see from graph is, OKBTC has bounced from upper wedge till half of channel and then it changed it's trend to upward.
From cycles indicator it's obvious that OKBTC confirmed bullish trend and may go higher than 9k. However, it may go till lower edge, because it didn't touch lower edge yet.
For sure, you can buy some for 1-2 weeks and sell for 40%-50%. Good luck.
OKCASH head and shoulders anti dandruff= moon?OKCASH has been trading down vs BTC for a few days now. On t he one day chart we see it is extremely underbought. This slide could continue, however with a BTC correction after this speculative run OKCASH should bounce. We see a potential head and shoulders trend with this third bounce being the last shoulder. Note the unbroken trendline in blue that has been tested three times. This will be interesting. A bounce would most likely not be much of a breakout as an uptrend in trading would most likely be purely speculative as OKCASH has not announced that any major news is on the way. Note the MACD is close to reset at zero.
A dip below 3000 sats imo is a strong signal this downward trend will continue.
With a trend reversal upwards i expect the shoulder to inflect around 4200 sats.