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Legends (LGD) Confirmed Breakout (890%+ Profits Potential)

BITTREX:LGDBTC   Legends / Bitcoin
I was given a tool today to check out "news" and events for all sorts of cryptocurrency coins/projects. After looking at Legends Room, I can see the team behind this project is organizing an event/meet up in Las Vegas tomorrow (13th Jan). So, is this going to make our trade stronger? Will this help move the price or build up momentum? If yes, then we'll take it. We can use this to our advantage, this might be something that can help improve our trade but in the meantime, let's look at the charts, I believe they have something to say.

Our trade today is for Legends Room ( LGD             ). I believe we can make some money trading this coin. I truly do... let's look at the charts.


*** Legends ( LGD             ) Trade Analysis & Instructions by Alan Masters ***

>>> Instructions

Buy-in: 0.00016 - 0.00022

Note: What this means is that you can buy this coin as long as the price is below 0.0002100 btc             .

Targets:

(1) 0.000462
(2) 0.000662
(3) 0.000982
(4) 0.001492

Stop-loss: 0.000096


>>> Indicators

- A strong breakout can be seen on the daily chart , which happened on the 25th December. You might look at the chart and think that the increase in price is small, the candles are not so big based on the last all time high, but when you look at the price swings closely after this breakout, we are talking about a 100%+ price increase. So this is a strong breakout, and we are now in this new trend.

- If I draw a channel on the chart above, you can see clearly what I am talking about. This channel can be easily broken.

- The weekly chart is pretty basic but really strong. All the indicators are strong. Retrace and consolidation are needed and are a normal part of the market cycles, so this will be part of this trade as well.

- Low trading volume signals that the action is yet to start, this allows for plenty of room for growth.


>>> My Message To You Today: More Money

Today, let's focus on making even more money.

Remember that all you need to do is buy and wait. While you are waiting you hold.

Hold your coins. It is pretty simple.

You buy and hold, and hold while you wait.

The next step are the targets, that's it. You are in profit now.

You can sell the targets in whatever way you want.

You can sell a small amount on each target, you can sell everything, it is up to you.

You are in profits. So buy and hold, then sell on target.

That is actually how you get to the profits... with patience.

Namaste.
Mantra: "Om Stanesha Vahtu Nevehem"
評論: Enjoy this trade.
Hold, and enjoy your profits.

Note: I was supposed to have the daily and weekly chart up there, but only the weekly came up and the charts can't be edited after an idea is public. You can look up the daily chart on your computer if I want to look at it while reading the indicators.

Thanks again for your support.
評論: Legends (LGD) is looking good.

After our earlier run, the price is now on retrace and looking for support.

We are back on our trading channel and signs of a support being found are already present.

What happens after a support is found is accumulation/consolidation. People load up on coins until the next run starts.

How can we know if a new run will start? Because of the indicators and chart formation.

Here is why:

- We are still on an uptrend (chart formation).
- The indicators need to correct, in order to start over but are still on the bullish zone.
- Long term, weekly chart, shows plenty of room for growth.

This is what tells you that more action is yet to come.

When a coin price is going down, you will see everything going down and the uptrend being broken hard.
These are just small retrace, which is normal with our trades since we join at the bottom.

Before we see a full retrace like what you can see happened with EMC2 and NXT for example, we have to reach very high price levels. This isn't the case, this is just the beginning.

Here is the daily chart:
snapshot


The weekly chart still looks the same. We have been in this trade for only two days.
評論: We are holding all trades. The market is looking better, the altcoin prices are bouncing but the correction is not yet over.
I am still looking at Bitcoin and waiting for stronger signals as to when we will start to move back up.

For now we hold patiently.
I am not closing any of our trades since this is a market wide correction.

P.S. Tomorrow we will have a better understanding as to where Bitcoin is going, but we will resume trading soon.

Thanks for your support. I love you!
評論: We are still in very solid footing, within our ascending channel even with all the uncertainty around Bitcoin and the market wide correction.

Here is the daily chart:
snapshot


Here is the chart showing the long term potential of this trade/coin:
snapshot
http://Alanmaster.com - Private &VIP - Cryptocurrency trading learning platform, for advanced and beginners alike.

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Mantra: Om Stanesha Vahtu Nevehem
for me, you are the legend
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Thanks AM
+1 回覆
Thank you
+1 回覆
To everyone asking for an update - he updates on technical analysis - not based off your emotions. If you can't handle a short term paper loss you will never be a successful trader. Learn patience and market cycles, people.
+2 回覆
Still looking good..
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We r still in the channel slightly under buy/rebuy zone
+1 回覆
update please?
+2 回覆
for those of you in a panic, please his the arrow on his chart (on a computer) and see that we are still within the channel he set.

for the time being, you really dont have anything to worry about.. just be patient
+3 回覆
It hit my stop loss last night... ): Not sure when to buy back.
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as long as above 13.5k no worries for the uptrend imo
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