Coti
COTI - Future Projection SeriesDuring the last downturn in the market I spent time learning more about utilizing the charting functions in TradingView. I also watched a lot of youtube vids about crypto and charting concepts. I came across a good chunk of info on using the “log” function and what it could possible show me.
At this point in the crypto cycle, even though I feel we are nearing a parabolic stage, it is beyond the point to expect 50X or more from me or any basic Joe who “dabbles” in crypto investing. Think long term. What can I realistically (if that even exists in Crypto) expect a coin to perform in the next bull run. Well the log function gives me a level playing field to do just that.
Using the log function, I utilize a common start date as the beginning of my parallel channel. That date is the big drop Mar/20. The parallel channel runs from the bottom of the Mar/20 drop forward in time along the bottom dips. The top of the channel is the highpoint in the cycle.
The first future projection is created using the green trend lines, the first from the top of the cycle peak to the bottom, and another from that lowest point up forward in time to what I estimate as the timeframe for top cycle which approximates end of Q4, and my birthday Jan/7 so thats the future date for all graphs in this series.
The second future projection takes ratio’d growth into consideration. This is done using the blue trend line which starts at the first peak after the Mar/20 drop, using the top of arcs as the guidance. I carry this line forward to Jan/7.
Conclusion; As you can see I have a red line at .55 because I bought there so ya I have an interest in this conclusion. Having said that, I’ll use .55 as my initial investment amount.
First Projection $2.73
2.73 / .55 = 4.9 X
Second Projection $10.52
10.52 / .55 = 19.1 X
Now for a regular old fellow such as myself, a 5 to 19 X on my money within the next few months is a good investment. It literally involves 2 trades. Timing is not a great big deal as long as you get in near .55 otherwise the X factors changes a lot. Timing to get out is the top of the curve. This is a day time factor. It’ll be “at the top” for days or a week. You’re not chasing a pump or a knife here, its a month(s) trade. Or a parabolic week so watch close.
I’ve done this for a lot of coins now and the results are sometimes very interesting in that, a popular coin just doesn’t have the numbers or that it really has good numbers. I found as an average I like results in the 5 or above range for the first projection and 15 or above for the second projection. If I utilize this investment concept and choose coins with similar numbers I can reasonably expect a 10-15 X overall. I’ll post a few others I find interesting for this bull run in the coming posts.
My thoughts, not advice Oklah. Cheers
COTIOne of my best trades so far yeeey!
I woke up in the middle of the night and couldn't sleep so I started charting ;). I saw a nice resistance level with low risk (looking at past actions). Just draw the trend lines and put the fibonacci in place.
I decided to enter the market with this long position because we just had this huge spike down.
$$ Feeling: I felt very confident and determined, I didn't think twice about taking this trade because to me it just aligned perfectly. I didn't stress about the entry and was able to just "ride" the trade. It reminded me a lot of a KUSAMA trade Andrew alerted.
Overall although my week is stressful I feel hyped and good. Training or going for a run definitely helps me to clear my mind and to go in with a good feeling (I can notice a huge difference when I train and when I don't)!!
COTI #COTI 4HR CHART PRICECOTI price prediction using fibonacci. As long as BTC is moving up or flat, COTI will go to 0.786 fib level it seems. 10-12% gain to 0.60 range target.
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CHART ON TRADINGVIEW USING MY AFFILIATE LINK: www.tradingview.com (thank you in advance!)
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. #cryptopickk #bitcoin #altcoins
COTIUSDT Technical Analysis⏳ Spot
💎 COTIUSDT has formed 2 flag patterns, on the higher TF and the lower TF. After the breakout I expect the Bullish move, however it might go lower to fill the limit orders before it breaks above the flag
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.4888 - 0.5200
☕️ TP1 0.5615
🍺 TP2 0.6000
🍻 TP3 0.6700
🍾 TP4
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 0.4600
Good Luck 🎲
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COTIUSDT - potential set up for new upward trend. COTI currently finds itself in a falling triangle which you would assume would mean once broken a move to the downside, there is also evidence of bullish divergence which cannot be ignored. i would expect the descending triangle to play out and if the key resistance level marked in red will hold i would expect a push to a new all time high.
Please let me know your thoughts, goof or bad in the comments below.
happy trading
peace
GT