Get started

Power Ledger / Bitcoin

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

POWRBTC trade ideas

POWERBTC - BREAKOUT INCOMING - Massive Profit PotentialTargets on the chart. Entry on breakout from triangle. I don't expect this one to retrace all the way to the 1.00 fib for a while... The initial run it went on was MASSSIVE and fueled by multiple bits of news, as well as a Pump Beach Letter recommendation... I think we'll need some more positive news to hit the 1.00 fib in the near future. But even without hitting the 1.0 fib the profit potential of this coin is massive ATM. Did I mention that the price is basically at the BOTTOM right now so the risk to reward is also insanely high? Great trade. Just wait until the breakout before you enter, and enjoy the profits to be had elsewhere in the market in the meantime.
Long
by jewbacca
2
POWR consolidation and ranging for nowBITTREX:POWRBTC Here is my idea about POWR for the next 2 weeks or so. RSI and MACD support the up trend but we have quite a journey till we can say is a bullish trend. It needs to break one by one each of the down trend resistance I drown so I expect the coin to go in a ranging trend (not my favorite) but that how I see it. After it breaks off around 4500 we can say is a bullish trend and look for upper targets. The other scenario would be that it fails to break the resistance and investors loose their interest and get weaker or BTC shakes again which would send the price even lower then 2600. 2600 is a good long term acquisition if you ask me but it could go lower.
Long
by pgarret
13
PowerLedger on its way to recoveryMy previous thoughts on this trade are saved here : The big purple lines are the edge of a big bullish Pennant. Everything looked bullish and promising for POWR, but the BTC peak killed it. Furthermore we got the wrong signals and the price dropped even further. Apperently we see a small recovery due to a small BTC correction. We peaked hard through the small green triangle and broked the resistance line of the big purple triangle, which is now our support level. We created now a bigger red triangle and if we are able to break through this one, we have the power to go through the purple triangle too. Then we should have a strong signal for a lot of traders. Nevertheless you should be cautious. Everything depends again on BTC, if its stay stable for some days, if it will peak or dip.
by MuffyPuffy
Powr Regaining Its Power?Simple analysis here. Power Ledger reaching new recent lows in a similar fashion to other alt coins due to recent bitcoin price surge. However, it is interestingly showing some good support at the 4700-5000 sat range. Powr has good support from the Australian government which makes it unique as in late where government regulations are putting heat on the cryptocurrency world. Powr consists of a strong dev team with an even stronger community backing which is essential for cryptos to flourish. Overall, I see a potential descending wedge pattern which can be very profitable for us all if we pay attention and play our cards right. You can buy now or play it safe by buying a break of the resistance line if price action also shows support at that level once broke. Keep in mind powr is a new coin and that does suggest risk with this trade. Also, another bitcoin surge to 13K+ could push price action lower and a break of the support line shown around 4600 sat would negate this analysis. Trade Procedure: Buy now at 4700-5100 sat (BEST) OR Buy at 5600-5700 sat if support is shown. (SAFEST) Target 1: 7351 sat Target 2: 8999 sat Target 3: 10199 sat Upper End Target: 11799 sat Max Target: 15999 sat I suggest selling in percentages of your holdings because you don't ever wanna be left out of potential higher targets. Ask any EMC2 holder who sold too early... Trade Length: 12 days Stop Loss: <4600 sat Reversal Point if stop loss hits is 4200-3800 sat. Goodluck! :)
Long
by CryptoPrescience