LONG Hempcoin (THC) - Short term trade (1-2 weeks)Rebranding, new website, whitepaper, partnership announcements and a hardfork coming at the end of the month! Looks good for a swingtrade
Chart looks strong because it held .618 fib which came together with the 100dma on the daily, which is a point where a bulltrend often goes back up after it dipped (see on picture below). With other words: bulls often buy near the 100dma and especially if a uptrend corrected towards the .618 or .786
You should have bought at that point, but it's not to late yet, it may dip a bit before it will go back up.
And oh, don't forget to take profits BEFORE the actual hardfork on January 31th. It's called 'buy the rumour, sell the news' but probably it will dip a few days till a few hours before the actual hardfork.
THCBTC trade ideas
Buy THC! Good News and Upgrades!26th January: - New website - WhitePaper - Complete Rebranding - Fork Update
31th January: HardFork coming January, 2018! The new $THC will be more advanced and comes with many technological upgrades!"
31th January: THC will connect with new partners, fund managers and platform developers.
THC looking to breakout already!After the huge drop we saw in BTC a lot of people panicked and sold, however, if you were smart you bought some more at the discount! We already saw a breakout earlier (before I was awake, ha!) and it looks like we might see another later today! This coin has some really great stuff coming soon and everyone is getting in early to take advantage of the pump when all the updates come out on the 26th.
If you've got money to invest, then you might as well toss some at BTCTHC and just watch it grow :D But alwasy remember, never invest more than you can lose, and you'll be golden.
Upcoming THC BreakoutIf I'm reading this chart right it looks like THC could be poised for another breakout later today. The BTC Crash hit THC pretty hard but it ususally seems to jump back up mighty fast. If so, we might even see it rebound back upwards sometime later today/tommorow for a quick profit. Buy in now and just wait for the rise.
There is also plenty of good news coming from thier twitter, showing that they are hard at work to improve and update this coin with a rebrand and fork soon too! Since THC is only traded on bittrex, which has closed off registration. You can also look for a nice bump in pricing when bittrex is opened up or we are added to new exchanges, there have been many interested parties but due to the closure of bittrex registration all those who are waiting will pile in once they open which would be great news for the coin!
If trend continues we should see a breakout this weekSame trend has been happening the last several weeks... if it continues we should see an attempt at 5200 again in 4-5 days and then if it breaks through another target at 7200 right before the end of the month assuming bitcoin does not ruin its run up. Let me know what else you guys see
Free Hemp !
The Hempcoin is unlike many other cryptocurrencies who scheme others into mining and then dumping for minimal profit. We are here to make a currency that is considered the main currency within the hemp community.
We chose not to boast the hemp leaf as it has become synonymous with recreational cannabis smoking and not hemp as a product. Although the leaf symbolizes the liberty that we should have around the world (but are still not given, primarily within bank practices), we have created our own symbol for the movement. The symbol is meant to represent "THC" as a currency symbol.
The Hempcoin is committed to donating to hemp research and legalization.
THC continues the CHANNEL %75 chance !THC is looking bullish but we need to be careful there is high probability that it will retrace to the support @ lower channel
Indicators
MACD is not strong bullish
RSI is not strong as well
the volume is highly decreeing all are alarming
If you are still holding or taken this trade the our targets are as follow
TG1 5260
TG2 6220
TG3 7400
No stop loss needid if you get in early easy 500% plus stradegyNews Trading strategy for More volume during hype SA and TA.
This Strategy is simple to use and can be very successful when executing on brake outs,
Trade was entered @ the 850 Sats Brakeout with a plan of holding until there Hard folk and apparently DASH partnership announcement 31 Jan.
As you can see in the chart and the crypto market it is very bullish at the mo for ALTs as the BTC dominance dropped since the CME futures taken place in December.
My strategy is as simple as it gets as I don't like to much noise on my charts. Ive set FIB at the 3000 mark as Zero rounded numbers
play an important role in buys and stops I believe charts are moved by Physiology over anything else witch makes this strategy simple..
If we can pass the 4500 mark around the 20th of jan it'll show more indication that people are buying into the hype.
Once my social media is filled with crypto calendar THC Folk bla bla bla itll pass the 5000 mark.
Stop order will be manually placed either on the 28th or the first week of feb depending on the News.
This strategy is a cross between hold and sold ATM Im 500% profit.
Thanks