Patientory - an undervalued, low cap altcoin. Positioning myselfLet's face it, we've all been rekt in our alt portfolios by this recent BTC rally. However, the year isn't over yet, and there is still some hope. After the fork on 15/17 November, lots of people will be looking for somewhere to stash their free BTC - and hopefully that place will be alts. Also, I believe that a lot of alts are undervalued right now, and have been overshadowed by BTC. However, after the fork, the BTC hype cycle will have reached its peak, and surely some money will flow back into alts. I feel that having some low cap alts in the portfolio is a good risk/reward in this instance
PTOYBTC trade ideas
Rektshort term: RSI heading south, ichimoku way above and dead red, BTC ATH and fork coming. BTC will bleed the $alts till it gets to 5800. every one of them.
PTOY might have a (weak) support around 5000 sats. but there is no double bottom in my world. target might be as low as 2300 sats.
then like the phoenix, they will reborn and be even stronger. while BTC will lose power. cycles you know... which makes me bullish for the long run.
Price action possibilities for PTOY through year's endLike so many other oversold altcoins, Patientory appears ready for a possible 238% run-up over the course of the next two weeks. I think it really all depends upon what BTC holders decide to do with their post-25th proceeds -- coming up on the holiday season, after all. People may be more interested in buying real toys than PTOYs.
All my altcoin charts are starting to look alike.
Ptoy looking bullishLooking to go long on PTOY around 0.00004802-0.00004909 level a lot of resistance on the 4hr chart. Ultimately looking to buy at 0.00004328 level for a better entry bouncing from trendline and also support on the daily chart. Looks like it has good and active team definitely something to look into.
PTOY BTC | Cup and Handle I drew this an hour ago and I had a feeling that the chart will play out this way. Turns out it broke out early! :D
My bias view on PTOY as I am bullish with it.
Good Buy
Awating FDA approval
Daily MACD shows uptrend incoming
Cup and Handle with Handle forming
Lowest support at 4.8k Current strong support 5.5k
Bad Buy
Hourly MACD too overextended. Might start to curve downwards. (which could form the handle)
On 4hr chart, Stoch RSI shows it being overbought
BTC movement
Uptrend Confirmations
Clear curve upwards on 50MA moving towards 100MA and 200MA
Break out above 7k
Find good support along 100MA on the hourly
Downtrend Continuation
Completing downtrend elliott wave in the 'handle'
Failing to break out at 7k
MACD daily starts to separate further
Keep in mind, we are still in a bearish market!! :D
Short term target - 7.7k
Mid/long target - 8.5k/9k or more (I am bullish)
Buy more if it goes below 5.5k and below 4.8k
Good luck!
$PTOY UpdateSee chart. Went back to accumulation levels rather quickly for such a promising project. Solid conferences with a great roadmap. This is one of my holdings, not trades, but I've thrown in my two cents if you want to play the trade. Need to wait for either break of channel (with confirmation, if looking for riskier entry) or break of strong resistance (red line, if playing it safe).