POWRBTC trade ideas
POWR/BTC bearishIt could continue to move down on the short term after the breakdown below the downside 50% Fibonacci line. It could approach the lower median line (lml) and the 150% line.
POWR/BTC Long - between 8% and 30% profitsPowr / Btc is reaching the end of a wedge pattern, and indicators are positive for a breakout to the upside.
- Price is trending towards the upper part of the wedge
- RSI has a good support level and in fact seems to be climbing
- MacD is looking to crossover
A problem for the breakout might be the trading low volume and the current bearish sentiment of the market.
A good entry is probably at a clear sign of a breakout, around 4100 sats.
We would also put a stop loss around 3900 sats.
When breaking out of the wedge,
we might want to wait for a retest to see if it bounces upwards from the diagonal line or goes below it.
We put 4 targets, we can decide the distrubution for ourselves.
However, in this market, we would not wait too long to take profits. We might sell 50% at 8% and the rest later.
If you profited from this trade, we welcome tips at:
- Bitcoin: 1FGtVGU2Ph23j4XtL4ADcqoWBiDnBzaSVf
- Ethereum: 0xdf5D882136D177C8DAb2Cd7dD02D2AD06954276E
POWR/BTC 4 hr Binance...I Hunt Whales ;-)Hello fellow traders.
A new post just for your education. Just wanted to let you know that I am Certified Whale Hunter now. Posts from here on out will be less frequent. I just do not have the time managing all my trades. Please review my materials, methodology, and progress.
Good luck
longmoney out
POWR/BTC Power is showing great signs to break forward, though the crypto world is still sceptical of the future of bitcoin, unless we see bitcoin drop to low 7k - $6800 would go long with power if price reaches either .3800 or 4100
otherwise wait for break of .4601
T1 .4900
T2 .5300
T3 .5700
T4 .6300
SL .3550
if bitcoin drops and bring power down i reckon we will see a reversal around .3600-.3800 so long time holders already in, hang on.
sell power before 6900power to come back down after anticipated run up.
top is 6900 sell anytime before then and watch bitcoin bring it back down again.
Gartley power all depends on bitcoin as always
just an idea if drops down to o 4800 would disregard this
would not enter until back up at 5400 and sell around 6100 to re-buy 4600
POWR MACD cross and slight StochRSI divergenceMaybe POWR will have a little run up now. I don't know enough about either of these factors to say for sure what will happen, but my plan is to buy the next dip and set a stop just below. Posting this to check back later and see what happens.
POWERLEDGER- STRONG BUYPOWR is headed towards it support on 4hr chart, which also will coincide closely to the 38.2 fibonacci retracement. This entry between 4252-4400 will make for good r:r scenario.
Trend LinesBullish and Bearish Trend Lines showing Higher Highs (HH), Higher Lows (HL), Lower Highs (LH) and Lower Lows (LL)
#POWR update: Bullish move from 4100 sats #crypto#POWR has broken out of the bullish falling wedge pattern
Bounce off 4100sats level
RSI & MACD are showing bullish Divergence
MACD bullish crossover of the signal line
We can expect a rally to 6400sats region.
Target1: 5000sats
Target2: 5600sats
Target3: 6300sats
trend reversal imminent, possible %156 gain. I have just finished charting my Analysis on Power ledger (POWR/BTC)-Binance
Fundamentally I've been a big fan of this ambitious project since the ICO, I think they have a talented, diverse and methodical Development that have a clear and precise long term vision for Powers implementation. Its not very often you hear about their achievements, which is something I value, the Power team are quiet achievers focused on delivering and I'm positive they will deliver.
I have been waiting patiently to add to my investment portfolio since its last push on the 11/5/2018 and I believe we are nearing a good entry.
SUPPORT & RESISTANCE
On the 4 hour chart we've had a steady pull back of %29.31 from the 16/05 which saw a strong reaction to the long term ascending trend line indicated by the dashed line. This trend line spans all the way back to the 13/11/2017 and touches multiple time on the
08/12/17 - 18/03/18 - 02/04/18 - 24/05/18. this trend line alone has indicated a Bullish on 4 occasions now.
Price has also been respecting the 4 hour support line, this support line was resistance that was tested 5 times before breaking out for a %47.15 run on the 08/04/2018.
Possible formation of a Descending triangle which could play out as Bearish or bullish, but due to the Trend line, 4 hour support and %29.31 I am confident it will breakout Bullish. (indicated by the grey solid line closing on the trend line)
INDICATORS
-RSI, is looking bullish to me.
-MACD is looking like it wants to cross back under but given the respect to support i think it will curve up.
-Bollinger bands (Not shown) are restricting nicely indicating reduced volatility this is also confirmed by the reduced volume.
-We have the 50,100,200 Moving averages acting as resistance at the moment, so expect to see the price rejected at these points.
THE PLAY
play 1) wait for bullish breakout of (Descending triangle) wait for it to retest and hold the 4 hour resistance then buy and sell as per your trade plan.
play 2) wait for Bearish breakout of (Descending triangle) and look for buying opportunities closer to the Daily Resistance.
play 3) decide your happy with a %67 pull back from 04/01/2018 (All time high), buy in knowing the price could still dip further %10 from (all time Low) but add to your investment and potential %156 gain to retest (All time high)
I would love to hear your thoughts,
are you Bullish Or Bearish.
happy trading, Jarrah
$POWR , fuelling up?$POWR fuelling up for a sufficient time.
have taken a bullish divergence on the daily but bearish in the 4H which means a temporary dip around the corner.
The next ATH should be the Green margins,
Scalpers/Day traders should exit at the yellow margins.
it's a holder's heaven,
Good Luck!
POWRBTC Bittrex 1D up to 26MAY18 Crypto Trading Analysis (TA)BITTREX:POWRBTC
1D Chart, also works in 4H, at this time PowerLedger (POWR) is testing by third time the SUPPORT ZONE since April 7 (0.00004273 BTC), gaining strength to move towards RESISTANCE ZONE 1 (TARGET 1 0.00005927 BTC). The 50, 100, 200 MA already crossed up its 100/200 days signals (GREEN ARROW), the Volume is decreasing -BUY SIGNAL-, and the Stochastic RSI Index & MACD and are both about to pierce up below 20 RSI Signal and Histogram respectively (BLUE ARROWS), we could spect the POWR price to move UPwards in the next hours. But remember, this is our optimistic approach, keep in mind that is plenty of possibilities to witness a reverse from any point at any time. At this time the Market Cap is recovering at 338 Billions and the BTC is traying to get oxigen at $7.5K. Good Luck!
Grafico de 1D, también funciona en 4H, en este momento PowerLedger (POWR) está probando por tercera vez la SUPPORT ZONE desde el 7 de abril (0.00004273 BTC), ganando fuerza para moverse hacia RESISTANCE ZONE 1 (TARGET 1 0.00005927 BTC). El Indicador 50, 100, 200 MA ya cruzo sus señales de 100/200 días (GREEN ARROW), el volumen está disminuyendo -BUY SIGNAL-, y el índice estocástico RSI y el MACD ambos están a punto de cruzar sus señales por debajo de 20 RSI Signal y el Histograma respectivamente (FLECHAS AZULES), podríamos observar el precio de POWR moverse hacia ARRIBA en las próximas horas. Pero recuerde, este es nuestro enfoque optimista, tenga en cuenta que hay muchas posibilidades de presenciar un retroceso desde cualquier punto en cualquier momento. En este momento, el Market Cap se está recuperando en 338 Billones y el BTC está tratando de obtener oxígeno en $7.5K. ¡Buena suerte!
"Bitcoin will do to Banks what Email did to Postal Industry / El Bitcoin le hara a los Bancos lo mismo que el Correo Electronico hizo a la Industria Postal"
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
POWR/BTC neutral outlook from a beginner of TAThis is my first ever support and resistance chart...any feedback of how I can improve this is appreciated! BINANCE:POWRBTC
POWRBTC - getting squeezed on trendlinePOWR token getting squeezed within trend line .. hoping some action soon. As always, tried to make my chart easy to understand. Use Fibonacci levels for support and resistance. Ladder your profit with Fibonacci levels. RSI moving upward and bounces from trend line. It might bounce down to trend or fib support level before moving up.
Please hit "LIKE" to support.
PS: my trades aren't for day traders, however, they sometimes hit target sooner than expected.
Good luck
Vinny
Trade Recommendation: POWRBTCSignal for BINANCE: POWRBTC
New trading opportunity here:
Buy @ 0.00005148
Stop Loss @ 0.00004414 (-14.2%)
Take Profit @ 0.00006354 (23.4%)
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