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Power Ledger / Bitcoin

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POWRBTC trade ideas

$POWR - Pump Coming - Start Taking Positions - 200%+POWER has the look of a chart that will see a sizable pump soon. It is currently testing resistance, which doesn't look terribly strong at the moment - we can see price poking through the trend line. RSI is showing some strength increase & the Ichimoku cloud is showing support for an upward movement, though it is a short look back window so we should take all indicators with a grain of salt. If price moves above the previous swing high, that is a good time to open long trades (green dotted line). Another option is to start accumulating coin & average down as the price swings. Then it's just a waiting game until the inevitable happens. Potential profit levels listed on the chart but pumps can be hard to predict. Have patience but scale out & take profit when you're up to protect your gains. Good luck! If you make some dough off this idea, a little coin is always appreciated: BTC: 1LPqupsqR5oNHep48eur3o4tYVGsEzybP LTC: LQ41PW8fHqwioHPkrbxf3WyBAzMZb9uD77 BCH: 19nLdKeyC6H1f7hhFefN4Fm9iWYDxCWE5w Twitter: @armada_crypto
Long
by llywellyn
3
Powerledger 29 December 2017$POWR Potential breakout happening right now! But.. RSI is in pretty high zone, so we might see a drop down as well. Scenario 1: Breakout, retest of support line and then straight to 1st target zone around 8K sats. Scenario 2: Can't breakout, in that case we'll drop back to the top green box and try again. Scenario 3: Can't breakout in both cases, then we'll fall back to 5500 zone and try again in the new year. Good luck trading! If we can't make the breakouts, put your stop/loss just below the green boxes.
by CryptoMichNL
5
Powerledger 320% run Elliott WavesBased on the fractals and comparing the first set of impulse waves on this chart (within the green circles), it's clear that powerledger bottomed on the 11th and began a new impulse wave. Currently at the beginning of wave 3, I could see this testing former highs on this next wave up to 16.8k. A large correction will immediately follow, taking us back down near the range of wave 1's peak which would be a great second buying opportunity to ride wave 5 up to 20k. interestingly the fibs on the smaller fractal have so far directly correlated to the ones on the bigger wave.
by DennisLeeBTC
6
Power Ledger - Symmetrical Triangle, buy opportunityAfter experiencing a flash crash on Dec. 21, POWR/BTC looks like it is building a symmetrical triangle pattern. The 100-periods SMA (in the 2h chart, in blue) has offered support, following the lower side of the triangle. The 50-periods SMA (in orange) looks like it is going to meet the price at 0.00006600 BTC. I believe price will bounce on that level before breaking the upper side of the triangle. I also believe the price will go to 0.00007500 BTC, then find support on previous resistance (the upper side of the symmetrical triangle), before shooting up to my target, around 0.00012000 BTC. On the upper left corner I drew a typical formation of this bullish pattern, to emphasize the similarity between the chart and the "theory". The ADX and DMI allow for the start of a new uptrend. The stochastic RSI is what makes me believe we'll have a little correction at 0.00007500 BTC. This is anyway a risky trade. The price of BTC looks like it doesn't know exactly where to go, and this indecision makes the whole market very volatile and rather unpredictable. For whom likes to buy on dips, I suggest a limit buy at 0.00006600 BTC, with a stop loss at 0.00004980 BTC (this because if price falls, 0.00005000 BTC will be big buy wall, since it is an even number, and it is below the lows of Dec. 19 and 22). On the other hand, if you want to play it safer, I think you have 2 strategies, based on what'll happen: 1) If price breaks up the triangle, hits some value around 7500 satoshi, then corrects (without re-entering the triangle), I'd set a stop buy just above the 7500 satoshi level. 2) To get even less risky, but also less reward, you could set a stop buy order above the high on Dec. 20, at around 0.00008050 BTC. My target is around 12000 satoshi. I repeat that this trade is riskier than normal because right now the market is very volatile. This is not financial advice, this is just my opinion. Any comment is appreciated.
Long
by Andratos95
POWR - An Uphill Holiday Weekend?BITTREX:POWRBTC is nearing a 4 Hour MACD cross within a generally upward-trending channel, designated in blue. Note the declining volume as we ascend. We've previously seen our biggest POWR gains to date under such conditions. At the time of publication, we're experiencing a very nice bounce off of the 0.618 Fibonacci Retracement Level. We seem to have strong resistance to our general uptrend at the 0.886 Fib level (0.00007540), which corresponds with our last lower high before our bounce at the all-time-low of 0.00002611. The 0.866 is going to be a key level for the bulls to break, and could see tremendous follow-through. We also have a very clear equilibrium pattern emerging with a high of 0.00008011, a low of 0.00005354, a lower high of 0.000076 (possibly 0.0000715 depending on how you measure), and our last higher low of 0.00006324, which bounced off of our upward trend support line. A close above 0.000076 confirms a bullish break of the equilibrium pattern; a break below 0.00006324 indicates a bearish reversal of our current trent. Depending on our volume and momentum, even a close above the 0.0000715 could be enough to push us a leg higher. I'm going to be very cautious, however, of the aforementioned resistance at the 0.866 Fib level. It has proven to be strong, but (*ahem*) we have the POWR . We appear to have remarkably strong support at and south of our 0.382 Fib level, between (0.000051 and 0.000054). In the event of a dip or more Bitcoin drama, that's where I'll be looking to "fill my bags," as the kids say. Bespoke blockchain and cryptocurrency consultation: www.minervaminingco.com
by fittsjk
4
POWR 25 December 2017 Short Term TradeGeneral info: Making a symmetrical triangle --> normally indicates that we go on in the upmove, as it came in from the bottom. Finished leg C of the Elliott Wave, RSI is turning up above 50 as well and the MACD stays positive. Sidenote: Lot of new info for POWR coming in Q1 2018. Scenarios: 1 - Hit Leg D, make a small drop down and after that upmove out of the symmetric triangle. 2 - Hit Leg D, drop down to leg E, not finding enough support/volume and falling out of the uptrend line and losing this support. 3 - After Leg D, we'll break the resistance of the triangle and go on. Targets if we break resistance: First Target: 8K sats Second Target: 9.5K sats Third Target: 10.6K sats If we drop down, we'll fall back to 6K sats to test that support.
by CryptoMichNL
4
Power Ledger double in the next 3 Weeks!Power Ledger found a strong support at 5000 satoshis but is right now in an up trend forming a rising wedge. If the trend continuing we will see a run to 1000 satoshis with the first target and 1000 satoshis and a second target at around 1200 satoshis. Which makes a Risk/Reward ratio of 3.3 of the current pricing. If Power Ledger cannot follow the rising trend we will see a break down to privious support levels at around 5000 satoshis. So set a stop lose at 5000 satoshis.
Long
by DanLilie
1