LOOM: 15min Chart- FIB lines all dayThis is why I love pulling FIBS from everywhere I can. You can spend all day trying to draw waves, but fibs are accurate and quick. Note the larger brown and black lines- they are Fibs over a longer time frame and usually have more support and/or resistance. You can see every spot the candles got caught were on previously laid FIB lines. In the areas where multiple lines converge together, especially with a larger FIB, you can expect more resistance and support. See how I used this to determine my buy (orange) and sell (pink) lines for a quick 5% profit.
LOOMBTC trade ideas
Bigger wave 3 and smaller wave 2 correctionI completed wave 2 and on its wave 3. It is also in the correction of wave 2 of wave 3. Let's see if we can see 11000 soon. If you want to learn more, Subscribe to me on YouTube. I am about to start putting tutorial videos on there. www.youtube.com
Triangle Forming - Watching ListTriangle Forming - Watching List
No Position.
I personally will enter around 6900
WIll come a good move to LOOM?we are moving in the 3 wave, after the bounce, we are actually in a triangle and this could break soon, thats my opinion guys :) (if we break down the triangle, the count will be invalidate)
Loom BTC - Possible upward scenario on elliot wavesand fibonacciIf devs shall deliver in time, couple of new announcements, couple of new exchanges (korean especially) and we shall have 1-1,5 usd per coin.
Get in on the action #LOOMwell we continue our ride with loom and now would be a great time to buy this bag of gold
bounced right off 6300 heading up
Short term prediction at least 10% untill 7100~ then if we will break that resistance we will go even higher
plus #LOOM is forming a nice bull trend so i see no reason not to buy this coin now
**THIS IS MY OPINION AND IN NO WAY A FINANCIAL ADVISE, PLEASE TRADE AT YOUR OWN RISK**
LOOM TARGETS FOR BIG GAINSLoom has been making big moves as there is a lot of hype around this coin, so big money can be made day trading this, if played right. I caught the first big ride up for a nice 30% gain in a day before I pulled out (New coins are always riskier plays, regardless of fundamentals).
YELLOW BOX = High probability for a reaction there for a nice scalp. Not strong enough to find new highs in my opinion.
BLACK TRENDLINE = Now we have more data on this coin, we can see we have created a nice pennant, so I will be long when we retrace down to this trendline, where i'll be riding it up to the top for big gains. REMEMBER THIS TRENDLINE IS CURRENTLY OUR STRONGEST SUPPORT SO UNTIL WE SEE BIG BULL VOLUME, BE WATCHING CAREFULLY.
GREEN BOX = We may wick through the trendline into this green box where you can be sure the bulls will be strong to push it back up. This is also our last main support, so keep that in mind.
*Not financial advice, only sharing my opinion and what ill be looking for at this point in time.*
[LOOM/BTC] LOOM NETWORK: A bullish & bearish Outlook LOOM NETWORK
LOOM, recently added to Binance just last week, was a play I made far to late at night and to my surprise should have stayed in, because holy crap this guy has been exploding.
ORIGIN STORY
I found myself pulled into this one by lust for the gamble and greed.
Once I was alerted that LOOM was being added to Binance, something around 3AM, I figured I would try to pull some gains from the volatility that comes with hype.
Before I threw any money in this pit fire, I did what any decent person should do and did at least 2 seconds of fundamental research.
IT WASN'T PRETTY --- BUT MAYBE I'M WRONG.
However I'm not afraid to admit that I'm a completely flawed and imperfect human being that has caught myself doing the opposite of what I thought was the right decision.
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Loom presents themselves as: "The next-generation blockchain platform for large-scale online games and social apps." *loomx.io
They focus primarily on DAppChains, full-featured blockchains that are built to run in parallel to Ethereum Smart Contracts. They’re an advanced form of Ethereum sidechains optimized for scaling data rather than financial transactions."
With this they build games and social apps through the loom network.
Thats all good and all--- BUT BIG RED FLAG! No whitepaper. Not even a blackpaper -c'mon corny?
They preach "We don’t write whitepapers. We ship product."
Cool.. Cool Cool Cool.
However I was able to find some kind of loom network whitepaper from the past on google, and it wasn't jaw dropping in my opinion, if you want to take a look at it, here you go.
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THE LOST WHITEPAPER: solidityx.org
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My next issue, which I find is very common in this space, is that the entire team are all kids, with very little-to-no experience.
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Regardless of all of this, LOOM has been making MASSIVE gains and as I'm a retail investor with a slight lack of shame, I don't really give a shit about fundamentals if I'm not investing, I just like making gains. I'm not the most important person in the world and if people like an asset, then they like an asset, I'll go on a train ride with them - No problem!
So here we go, I've got a BULLISH ON TOP OF A BEARISH CORRECTION WITH MOST LIKELY A DOUBLE BOTTOM PREDICTION.
I could see this thing going either way, however because of the bullish sentiment that this coin has been experiencing, I am leaning further on the bullish outcome for this asset.
CURRENT PRICE
$0.657461 USD (21.01%)
0.00007015 BTC (23.55%
Market Cap
$381,185,616 US / 40,672 BTC
Volume (24h)
$49,191,200 USD / 5,249 BTC
Circulating Supply
579,784,376 LOOM
Total Supply
1,000,000,000 LOOM
(57.97%)
LOOM possible Elliot Waves*THIS IS IN NO WAY A FINANCIAL ADVISE**
this is pure guess..but maybe just maybe what happend last week was just a start of something bigger? XD
Road Map for LOOMLoom will have a big month for May. We have just finished the correction from wave 1. Wave 3 hopefully should hit 10,000 sats and come down to the .618 as Wave 1's retracement was deep thus, Wave 4's retracement should not be so deep as to follow EW principle. Then Wave 5 will take us much higher based on the projections... Have fun and enjoy life :)
Loom Network LongHi friends,
Loom Network LOOMBTC is in a long nice uptrend, now after a retracement we have a good moment to buy, as breaking up again...
Take Profit ans Stop loss areas are on the chart
Good trading.
Xavi.
New coin FOMO? LOOM potential pathwayWho else missed that killer run ONT had from a mere $1-$2, to going up to over $10 recently? Well, Loom could potentially have that same kind of run, provided fomo kicks in and feeds the bulls. Trendlines and retracements look good with solid volume profile. Keep a stop loss handy in case it goes for a deeper retracement, although the 61.8 was hit with precision. There is always a chance things could go deeper.
Possible BreakOut? #LOOM**THIS IS NOT A FINANCIAL ADVICE**
we can see some nice profits in the next couple of Hours!
i bought @ 5800 sat with a SL @ 5400 because in my opinion if it will go bellow 5400 its probably will dip again
hope im right on this one :)
LOOMBTC EXTENDED FALLING WEDGE BTCUSD IS BEARISH, MORE MONEY WILL PUT TO ALTS.
LOOMBTC BOUNCED RIGHT BY 0.382.
NEED MORE BUYING VOLUME GET OUT RESISTANCE.
LOOM/BTC 1H WAVE III Heads up lads.
I believe we just finished Wave II correction (red arrow), as we touched 0.618 fib retracement and then bounced off of it.
Now it seems like we've started
- the Major Wave III
- the wave (1)
- minor wave 1 and minor wave 2 which I believe is also done correcting nad now we are heading towards minor wave 3.
Targets for the minor wave 3:
1. Blue - 1:1
2. Green - 1:1.618
Looks like we've also found decent support on the 8MA (BLUE) and now testing 21MA (RED) for another support.
