ONTBTC trade ideas
ONT Proves Bear Market For Alt-Coins Is ToughBear Market showing how tough it really is when you consider it is still in play for the majority of alt-coins.
We covered ONT in a bullish way but it also rejected the EMA34 and started to trickle down again. This was due to a Bitcoin slope down, allowed Alt-coins to breathe again.
Still a waiting game.
Bullish channel - ONTFollowing a bullish channel after the breach of a bearish channel the currency created a support at 0.00001025 where it coincides with the bottom of the channel. But we have some resistance warnings along the way and one of them is the EMA200 followed by a slight pullback resistance at 0.00001148. Worth to be aware.
ONT - Can it recover the losses from April to JulyCan we see a reversal with ONT, it is looking good for entry depending on BTC. We feel that ONT will move strong longer-term with a possible reversal due to its previous losses.
Keep to tight stop losses on these and wait for clear direction. Possible trend test of support is required first.
Possible Double Cup&Handle reversal,ONT bullish move against BTCONT coiling up on strong support and prepares a possible trend reversal and bullish move against BTC.
As presented on the chart a cup and handle pattern forms with a trend resistance support. With the chance of another smaller cup and handle. This is a sign of possible reversal and breakout. And a bullish sign overall.
There are several bull divergence on the RSi also.
Few days ago ONT announced a big partnership with NEO and a merger platform with shared technology, that tightens the colab between the two coins. (but BTC pump and dumps ruined the potential spike at that time)
However they are slowly gaining momentum once more.
If BTC does not ruin it we expect a bright future and a lot of potential in the mid term for those sister currencies ONT and NEO.
(this is not financial advice, just a presentation of the chart and possibilities)
Ontology ONT / BTC - This MOMENTUM! BIG Falling WEDGEONT / BTC is in a great Momentum. We have a very powerful standard highly BULLISH . A great FALLING WEDGE is ready to go. Worth the risk. Time to multiply our BTC!
Come on! Are you prepared for bigger BULLRUN of all?
Many ALTs are ready in accumulation to launch the biggest wave of all. Wave 3 is larger and more impulsive. I hope it's ready. 2020 we will be MAINSTREAM. Big money is coming here. Who lives will see.
Observing the DOMINANCE of the BTC , we have a possible DOUBLE TOP . We are very close to an "Alt SEASON"
This time whales multiply their BTCs . Welcome back to 2017.
Are you ready?
It will be the biggest BULL RUN of ALL!
HERE WE GO! CAME OUR TIME!
ALT SEASON 2019!
HOOOOOOOOLD
HOOOOOOOOOOOOOOOOO IT
the rocket will start
Real money is made now.
2020 awaits us. Buy cheap from pessimists and sell expensive to optimists. The time is now. Only the strong survive
GO HARD!