RLCBTC trade ideas
Periodic analysis: the dip after ten days later, profitRlc Periodic analysis: the dip after ten days later, they are making a profit
Time of exchange ..: 10 days after earnings
Goal ..................: Earnings (5-10-15-20% ... etc)? can be taken out.
Note ..................: Earlier 10 days earnings: 68% 28% 39
Turkuaz region ......: Although the price is the same, buyers and sellers
displacement zone. Trend up.
No need to wait 10 days (5-10-15-20% ... etc) and can be taken out.
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RLC - Sell Wall Bot Buy SignalI'm sharing one of our Sell Wall Bot buy signals today.
Sell Wall Bot has over 80%+ Success rate!
If you are interested in the stats, please see the link below.
Sell wall buy signal for RLC was at 0.00006900
Sell Targets
T1: 0.00007176
T2: 0.00007314
T3: 0.00007590
Stop loss: 0.00006210
This play looks strong. RLC had a nice bounce off the trend line. Just some volume needed now.
RLCBTC iEXEC algo targetRLC iEXEC
- RSI bullish hidden divergence on all TF's
- Double bottom (bottom)
- Previous fib algo target reached, now moving up
- Perfect pitchfork
- Broke this little wedge / flag or trying
Risk:
- Inside bearish pitchfork near top channel (last resistance of pitchfork) - here you have your first take profit zone - bottom box - 0.382 fib.
How you could trade this one?
1) Enter between 539 and 550 SATS with stop-loss below last lower high.
2) Wait for confirmation break the of the flag (not bold line on top of price)
3) Wait to cross and find support on 0.236 or break of the pitchfork.
Take profit zones are rectangular boxes.
RLC watch for break and retest#RLC - still holding and has given a few opportunities to buy on the trend line if you've been watching. Now I am looking at a solid break and retest of 730. If that can happen then stop can go right below 730, first target 780, second 844. Conservative for this market.
(Careful of this in light of EVX's break but fail on the retest yesterday).
Come to pappaLooking at RLCBTC 1D
Very big notch at 9600 sats that needs to be filled in
Waiting for bullish divergence to come in on histogram
Willy not yet oversold
OBV is healthy
Price sitting around the POC
Would like to see more structure in price
Setting bids at the 4680 mark
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iExec - Blockchain-Based Decentralized Cloud ComputingLooking at the current price action, RLC/BTC is forming a double bottom, which so far has been rejected. This could invite buyers over the coming weeks, resulting in a correctional move upwards or even a trend reversal. Nevertheless, Moving Average has to be broken for the wave up to start, only then price could be heading towards one of the Fibonacci resistance levels. But on the downside. if current support is broken, the upside potential would be compromised, where buyers could be getting out of the iExec. All-in-all its an interesting time for this coin, not to mention the huge potential of the decentralized cloud computing.
Despite Fundamentals, RLC remains A Low Volume P&DI once held a position on this coin, but sold eventually at a loss because I saw that people were very quick to dump this coin. Unfortunately, even though the fundamentals may be strong, price action tells me that investors don't see any value in holding this token for some reason. This can also be reflected in their online community, which remains quiet. Investors do look at online communities to gauge confidence, whether you like it or not. This is sad to me because this coin has a great partnership and is indeed being used. Unfortunately, iExec has become a pump and dump coin and is in danger of dying out. What proves this is the HUGE sell volume on the recent pump that took it almost to the 1000 mark. Many people had sell orders up there, who have been eager to dump this coin for months. Unsurprisingly, it crashed down to support immediately after the pump.
Until RLCBTC can sustain a price bump and establish a new support (ideally above 1000), I won't personally be comfortable buying into this coin. I also wanted to point out something interesting that I've noticed. Going back to the Spring and Summer of 2018, RLCBTC has alternated pump and dumps with ENGBTC. More recently, they seem to pump and dump on alternating days. Just a pattern I've noticed. Perhaps the whales enjoy these coins because they are low cap with a somewhat low supply. They also generally trade at low volume, so they're easy to manipulate.
This is not investment advice, and I'm not a professional financial advisor. This is just an observation I made, and it is purely my opinion. However, I marked this as "education" because I think it's important for people to note WHY I sold a while back, as understanding price behavior is important when looking at long term investing. So far, I've been right in removing it from my portfolio, because it has since failed to sustain any sort of rally. Of course, that can change : ) This is crypto after all!
-Victor Cobra
