POWRBTC trade ideas
POWRI'm personally still bullish on this coin but it really depends whether the volume picks up or not.
Waiting for the POWR breakoutWill enter power if the 4H closes above the blue resistance line and sculpt up.
POWR Breakout and New ATH's soonThe chart pretty much says it all.
On top of that I can say that as a project Power Ledger has tons and tons of potential to increase. Their technical product has a huge market, but more importantly, they themselves have proven the validity of both their team and the product by placing in top 3 of the extreme tech challenge, with the potential to win 1st.
Nuf said.
This week's easy trade goes to... POWRBTCThis doesn't mean there aren't market fake outs - of course there are. But this is a pretty cookie cutter setup .
powr/btc cup and handle 30%+ gainsCup and handle forming on 1 hour chart.
Should bring 30%+ gains.
Handle has formed.
POWR/BTC Long After Consolidation PeriodA relatively new coin with long upside potential. However, as a trader, I could care less about fundamentals. The mantra: Trade it until it fails. And since its inception nothing but clear signs of technical trading. POWR is following the Elliot Waves perfectly.
With that being said, due to a leading diagonal after the first wave 5 completion (the 2 overlapping the 1), we have yet to put in the larger degree wave 1. I see us now in an ending diagonal of the larger degree wave 2, subwave 5 (which I propose has yet to complete). What does this mean, well if the count holds, we are headed to much higher prices further down the road. That being said, I am on Long on POWR. Initial targets are green boxes.
I will post updates and updated targets once consolidation nears its end. But keep in mind. Once wave 5 completes, this is still only the 1 wave of the largest degree. Pay close attention to the support line.
Updates coming soon.
As always, I am wrong more often than I am right. This is not trading advice; only technical analysis for myself. Trade wisely.
POWRBTC 35% growPOWR has been my favorite for a long time, mainly because of a project. But, now our goal is to grow 35% percent. Triangle is here.
POWR - Imminent reversal - Target 11500RSI is reaching oversold. Support, resistance and my existing trend lines for this market are giving me the indication that the bear market is about to reverse and turn bullish. Previously POWR has been probing the 12000 level but failed to break out.
$POWR - 4hr$POWR is currently consolidating right now inside the pattern as it is getting ready to rally up.(BULLISH)
support lines on the white lines as also a good buy/entry opportunity there as well.
target profit lines marked on reisistance lines (pink)
$POWR about to make the next movePennant forming for $POWR. RSI is oversold, selling presure is declining. I will monitor the break-out closely. If $BTC will not make a move I expect to be a bullish trend continuation.
PopwerLedger (POWR) is testing resistance PowerLedger is testing the resistance of 11.5k sat that was established at the end of November.
If breakout happens the price could go to 15k sat. If bitcoin continues the horizontal trend, the breakout is much more likely than if BTC becomes bearish.
9-day ema serves as a support but in case that it gets broken the next support is at 9.5k sat.
Good time to buy a really usefull coin We are near to the support line and what is more important we are near to the daily EMA 20 ( what is more important). This coin hasn't been closed under the daily EMA 20 a single time yet.
In addition, you really wanna have this coin in your portfolio.
POWR / BTCBreaking out of a huge inverse Head and Shoulders... Should be a good one to watch in 2018...
POWRBTC LongSmaller breakout in larger pattern. Patience is the key with profit and stop orders in place.
Power Ledger cup and handle for January/ February 2018This chart studies the magnitude of a previous move and used those proportions to hypothesise the magnitude of time and price of a possible move to the upside.
January is massive for Power Ledger, Las Vegas CES, Richard Bransons top tech co.s, Doctor Gemma Green (co founder and chair) speaking at an event parallel to the World Economic forum in Davos Switzerland. I am expecting this exposure will attract bullish price moves and new investors.
I am a huge fan of Power Ledger. The idea, vision, platform team and community are rock solid!
Bitcoin.edu: Low Risk Capital ManagementFor example you have 100.000 Total Capital
You can spend for One Trade: Only 10% of your Free Capital
Your Total Capital: 100.000
First Trade: 10.000
After 1st Trade your Free Capital: 90.000
Second Trade: 9.000
After 2nd Trade your Free Capital: 81.000
Third Trade: 8.100
After 3rd Trade your Free Capital: 72.900
Fourth Trade: 7.290
After 4th Trade your Free Capital: 65.610
Fifth Trade: 6.561
After 5th Trade your Free Capital: 59.049
Six Trade: 5.9049
and so on...
* You can increase 10% to 11-20 percent for trades
