ReddCoin - A long term-position you don't want to miss out on
Guys, we are seeing a lot of coins gaining over 1,000% in just the span of one month. I think this is the next one. Our previous high on this coin was about 140 sat. And It is time that we surely pass that up. If you know my analysis, I purely hate doing them in satoshi only because Bitcoin itself is so damn volatile, it usually doesn't work out that well. However, I think we can use it for some fine targets now, as the dollar value of this coin will be on a heavy uptrend.
I have these targets set only as guidelines, but I expect this coin to crush through them. Heck, I can't even fit the 2nd target onto the screen. But this is a coin where I am building a very long-term position into and will only add into it as progress continues. We are looking at over a 300% return in the short-term.
Entry: 39-49 Sat
Stop Loss: 10 (or no-stop loss)
Target 1: 118 Sat
Target 2: 168 Sat
RR: 4.45
Chance to gain: 330%
Chance to Lose: 74%
As you see, the "chance to lose" is very high. This is one of those trades where it is a "buy it and forget about it." And I will add if it goes as planned. Always remember though, that because this is Bitcoin denominated, our dollar value may rise and we could still lose out on satoshi. This coin has also performed well during Bitcoin's correctional periods, keep that in mind.
I have these targets set only as guidelines, but I expect this coin to crush through them. Heck, I can't even fit the 2nd target onto the screen. But this is a coin where I am building a very long-term position into and will only add into it as progress continues. We are looking at over a 300% return in the short-term.
Entry: 39-49 Sat
Stop Loss: 10 (or no-stop loss)
Target 1: 118 Sat
Target 2: 168 Sat
RR: 4.45
Chance to gain: 330%
Chance to Lose: 74%
As you see, the "chance to lose" is very high. This is one of those trades where it is a "buy it and forget about it." And I will add if it goes as planned. Always remember though, that because this is Bitcoin denominated, our dollar value may rise and we could still lose out on satoshi. This coin has also performed well during Bitcoin's correctional periods, keep that in mind.
交易進行:
Redd Coin is also not likely to retrace to .618 area due to drop in Bitcoin price.
評論:
Update. We just saw an ABCDE flat correction. I believe bottoms are in. Should should see a possible 120% gain up to nearly 2 cents! The target box begins at 0.0018. The correction AFTER that will likely be a larger sharp ABC retrace to the .618 level.
Update. We just saw an ABCDE flat correction. I believe bottoms are in. Should should see a possible 120% gain up to nearly 2 cents! The target box begins at 0.0018. The correction AFTER that will likely be a larger sharp ABC retrace to the .618 level.
評論:
WTF WAS THIS???? I don't know what the hell to do, but my Indicators tell me not to sell yet LOL BRUH!!!!
WTF WAS THIS???? I don't know what the hell to do, but my Indicators tell me not to sell yet LOL BRUH!!!!
評論:
No way that that is the end of this run. You guys BETTER NOT SELL.
New target is around 3.5 cents, but target box is wide because I just don't know how low or high the next one will be. That Mcafee guy is my hero. Just DONT SELL until you get confirmation of a trend reversal.
No way that that is the end of this run. You guys BETTER NOT SELL.
New target is around 3.5 cents, but target box is wide because I just don't know how low or high the next one will be. That Mcafee guy is my hero. Just DONT SELL until you get confirmation of a trend reversal.
評論:
Alright, be patient through this one. If it hits my wave 3 target, we could be looking at a possible 700% gain in a SHORT period of time from when I first recommended this coin. I'm personally not selling at the top of wave 3 because the retrace will be short and 5 will probably kick off soon. Be patient on this one. I will likely time this up with my predicted Bitcoin fall once wave 5 approaches, but that in itself is a risk. Congrats guys, we're headed to the exosphere hahaha (moon's too far)
Alright, be patient through this one. If it hits my wave 3 target, we could be looking at a possible 700% gain in a SHORT period of time from when I first recommended this coin. I'm personally not selling at the top of wave 3 because the retrace will be short and 5 will probably kick off soon. Be patient on this one. I will likely time this up with my predicted Bitcoin fall once wave 5 approaches, but that in itself is a risk. Congrats guys, we're headed to the exosphere hahaha (moon's too far)
評論:
Will be updating two alternate wave counts. This is most logical to me. I just said I was going to take a break from this not even 30 minutes ago. I think I have a problem.
Will be updating two alternate wave counts. This is most logical to me. I just said I was going to take a break from this not even 30 minutes ago. I think I have a problem.
評論:
Here is alternate wave count. I never posted it because I was weary of it. But now it makes sense. Sometimes you only get 2 subwaves, it does happen. That last stretch after that big impulse wave was a truncated 5th. If you've been following my Bitcoin post, I kinda saw this drop coming. So it's not really a big deal to me. We've been in this one for a while, and it's made us a lot of money SO FAR.
So... Good news? My target 1 is actually moved up to about 4 cents. Another BIG wave is GOING to happen there is NO doubt in my mind. Bitcoin will just kind of dictate the run, it is that simple. I just see this as an opportunity to add to our positions. This is why during this big correctional period I leave about 50% of my portfolio out of the market and I add cash to opportunities. There will be A LOT of opportunities after Bitcoin's wave downwards finishes.
Here is alternate wave count. I never posted it because I was weary of it. But now it makes sense. Sometimes you only get 2 subwaves, it does happen. That last stretch after that big impulse wave was a truncated 5th. If you've been following my Bitcoin post, I kinda saw this drop coming. So it's not really a big deal to me. We've been in this one for a while, and it's made us a lot of money SO FAR.
So... Good news? My target 1 is actually moved up to about 4 cents. Another BIG wave is GOING to happen there is NO doubt in my mind. Bitcoin will just kind of dictate the run, it is that simple. I just see this as an opportunity to add to our positions. This is why during this big correctional period I leave about 50% of my portfolio out of the market and I add cash to opportunities. There will be A LOT of opportunities after Bitcoin's wave downwards finishes.
評論:
Update: #9248
Chose this line w/area graph because it is aesthetically pleasing.
We're in a descending wedge, and descending wedges need 5 total touches before a break out. I'm not seeing an impulse wave here, so a drop to $0.0086 is likely here.
Continuing to add to my long position here. I'm putting a 24 hour time limit for a breakout on this bastard.
Update: #9248
Chose this line w/area graph because it is aesthetically pleasing.
We're in a descending wedge, and descending wedges need 5 total touches before a break out. I'm not seeing an impulse wave here, so a drop to $0.0086 is likely here.
Continuing to add to my long position here. I'm putting a 24 hour time limit for a breakout on this bastard.
評論:
Pay attention to volume levels, resisted falling to bottom levels, resistance is broken. Breakout is possible here.
評論:
When you get this crossover on the Daily MACD on a big run, you're likely to correct for a while. I don't think we're going anywhere for maybe a week or so.
When you get this crossover on the Daily MACD on a big run, you're likely to correct for a while. I don't think we're going anywhere for maybe a week or so.
評論:
Fun fact #1: We are right on target
Fun fact #2: My dog's name is Tyrone
Fun fact #1: We are right on target
Fun fact #2: My dog's name is Tyrone
評論:
BOOOOOM Another Near Perfect hit!!! I was $0.0004 off! Guys, I'm telling you, get into ReddCoin! Your account will love you for it! Here is the next best entry!
BOOOOOM Another Near Perfect hit!!! I was $0.0004 off! Guys, I'm telling you, get into ReddCoin! Your account will love you for it! Here is the next best entry!
評論:
Reddcoin has more left in the tank!! Will update with new retrace targets, I THINK this is still wave 1!
評論:
At Least 2.4 cents for this run!! I am SO sorry for this mis-count guys. I'm glad to have caught this now... What I thought was wave 1 was actually still a part of the correction. I should have known by the lack of volume, consistent downward sloping correction and too much volatility and red in each candle. Though sometimes those are impulse waves, it was an honest mistake. And update will come for NEW entry after this correction is over, as well as NEW targets that will EXCEED my original prediction!
At Least 2.4 cents for this run!! I am SO sorry for this mis-count guys. I'm glad to have caught this now... What I thought was wave 1 was actually still a part of the correction. I should have known by the lack of volume, consistent downward sloping correction and too much volatility and red in each candle. Though sometimes those are impulse waves, it was an honest mistake. And update will come for NEW entry after this correction is over, as well as NEW targets that will EXCEED my original prediction!
評論:
REDDCOIN FOR THE WIN!!!!
This is how I get my predictions to be so accurate guys. I Give a whole bunch of possibilities and I narrow them down as progress is made. It's really not as hard as it seems! Just takes a LOT of hard work, studying and practice. Anyone can do it.
So here are my POSSIBLE targets for THIS RUN ALONE!! These will be narrowed down along the way and you can bet your ass I'm updating this one during this WHOLE run. New correction box is lined by the yellow lines.
REDDCOIN FOR THE WIN!!!!
This is how I get my predictions to be so accurate guys. I Give a whole bunch of possibilities and I narrow them down as progress is made. It's really not as hard as it seems! Just takes a LOT of hard work, studying and practice. Anyone can do it.
So here are my POSSIBLE targets for THIS RUN ALONE!! These will be narrowed down along the way and you can bet your ass I'm updating this one during this WHOLE run. New correction box is lined by the yellow lines.
評論:
This is getting REALLY weird. I think we are currently in a expanded irregular flat correction? Maybe we drop much lower from here? The ABCDE formation on the RSI is a bearish trend and I expect this to drop here. Will it still go up and blast my targets? Yes. If you want to wait for entry, either wait for a drop and look for signs of reversal, or buy into strength. I honestly can't tell you exactly what will happen here, but I'm positive we'll see another decent drop before we go up.
This is getting REALLY weird. I think we are currently in a expanded irregular flat correction? Maybe we drop much lower from here? The ABCDE formation on the RSI is a bearish trend and I expect this to drop here. Will it still go up and blast my targets? Yes. If you want to wait for entry, either wait for a drop and look for signs of reversal, or buy into strength. I honestly can't tell you exactly what will happen here, but I'm positive we'll see another decent drop before we go up.
評論:
I'm starting to get the personality of this coin. My original wave count was correct, and we are likely to channel down to the 55 EMA around 1.4 cents, BUT it could definitely make a stop at the 21 EMA. Indication of the END of this correction will result in the flattening/diverging of the 3 hour MACD. Listed is the buy box. Pay attention to the RSI and make sure it doesn't fall below that level. If it reaches it, it should bounce.
So here are the updated targets. I've already locked in another 100% profit from this coin through wave 1. And if we get in at the bottom of the buy box, then another 300% return is on the way. It is POSSIBLE that we reach target 3.2 on this wave 3! If that is the case, then guys, our wave 5 should be pretty steep. Good luck!
I'm starting to get the personality of this coin. My original wave count was correct, and we are likely to channel down to the 55 EMA around 1.4 cents, BUT it could definitely make a stop at the 21 EMA. Indication of the END of this correction will result in the flattening/diverging of the 3 hour MACD. Listed is the buy box. Pay attention to the RSI and make sure it doesn't fall below that level. If it reaches it, it should bounce.
So here are the updated targets. I've already locked in another 100% profit from this coin through wave 1. And if we get in at the bottom of the buy box, then another 300% return is on the way. It is POSSIBLE that we reach target 3.2 on this wave 3! If that is the case, then guys, our wave 5 should be pretty steep. Good luck!
評論:
Target box was reached, resistance broke, MACD diverging. Likely to continue heading up from here.
評論:
I literally never even counted this correction. All I did was look at my indicators. We bounced off of RSI support. Diverged on 3 HR MACD and have a lot of room for new growth in RSI. Can this correction still continue? YES, but the chances now are slimmed down. There's just enough momentum to keep this going.
I literally never even counted this correction. All I did was look at my indicators. We bounced off of RSI support. Diverged on 3 HR MACD and have a lot of room for new growth in RSI. Can this correction still continue? YES, but the chances now are slimmed down. There's just enough momentum to keep this going.
評論:
REDDCOIN IS REDDHOT!
We are on track of hitting Target 3.2!
This is the advantage of constantly looking at other charts. You recognize similar patterns that show up everywhere! Notice that very small channel with the blue lines around it on the 30 minute chart. That right there is a money maker. I noticed the same thing on the Lumen chart before it took off. I call this a LEADING Bullish Channel. I've noticed that in the crypto market, this happens before VERY big breakouts.
Take a look at the candles. Let's just do a simple red candle count. We notice that we can easily count each subwave on wave 1 due to the red candles that appear during the correction period. Did you all notice something? So far on this run on wave 3, there is only ONE set of candles! Meaning that we need 2 more sets to finish our EXTENDED wave 3!
So if you remember my post on counting elliot waves, i show the image of an extended 3rd wave! This is the beginning of it, and this is how you count it! We have wave 1, in the white. Now we have 2 more impulse waves that need to formulate to COMPLETE wave 3 in the WHITE! After that, we then need to finish waves 4 AND 5 in the WHITE so that we can get to target 3.2 of the YELLOW 3rd wave.
So in shorter terms, we are on track for 6 cents! On THIS run! Should take about 3-4 days. We're looking at an 800% Profit from my initial recommendation!
Later down the road, in a few weeks, this coin should be hitting in the 8-10 cent range!!
REDDCOIN IS REDDHOT!
We are on track of hitting Target 3.2!
This is the advantage of constantly looking at other charts. You recognize similar patterns that show up everywhere! Notice that very small channel with the blue lines around it on the 30 minute chart. That right there is a money maker. I noticed the same thing on the Lumen chart before it took off. I call this a LEADING Bullish Channel. I've noticed that in the crypto market, this happens before VERY big breakouts.
Take a look at the candles. Let's just do a simple red candle count. We notice that we can easily count each subwave on wave 1 due to the red candles that appear during the correction period. Did you all notice something? So far on this run on wave 3, there is only ONE set of candles! Meaning that we need 2 more sets to finish our EXTENDED wave 3!
So if you remember my post on counting elliot waves, i show the image of an extended 3rd wave! This is the beginning of it, and this is how you count it! We have wave 1, in the white. Now we have 2 more impulse waves that need to formulate to COMPLETE wave 3 in the WHITE! After that, we then need to finish waves 4 AND 5 in the WHITE so that we can get to target 3.2 of the YELLOW 3rd wave.
So in shorter terms, we are on track for 6 cents! On THIS run! Should take about 3-4 days. We're looking at an 800% Profit from my initial recommendation!
Later down the road, in a few weeks, this coin should be hitting in the 8-10 cent range!!
評論:
Guys, I'll be scalping this coin for the next few hours. There's a lot of activity here. So if there are any traders on here that would like to join me, PM me so we can bounce ideas around. I am on Bittrex trading in BTC. Please remember that scalping is extremely risky and requires at least some knowledge of EW and indicator reading. Whoever is the first to message me, I will be likely to only do it with them! Peace.
評論:
Awhhh... Well the thought was nice (look at the post above). Hahaha. It's okay. A 520% stretch on wave 3 is still nice? Right? These are the official targets for this run.
Notice how as you go down the thread, the amount of targets I have decrease. You minimize options as the trend plays out! This leads me to my precise targets. I'm not just pulling this crap out of thin air haha.
Awhhh... Well the thought was nice (look at the post above). Hahaha. It's okay. A 520% stretch on wave 3 is still nice? Right? These are the official targets for this run.
Notice how as you go down the thread, the amount of targets I have decrease. You minimize options as the trend plays out! This leads me to my precise targets. I'm not just pulling this crap out of thin air haha.
評論:
Wait what the hell? My last target is higher hahahaha. I thought it was lower!! GO REDDCOIN GO!!!
評論:
12.84 RR opportunity! Here is a short trade that I think will be VERY profitable!
30 Min RSI is at 14!! Golden opportunity here!
In other news, Reddcoin has been falling a bit short of my previous targets. This is the last target for wave 3!
12.84 RR opportunity! Here is a short trade that I think will be VERY profitable!
30 Min RSI is at 14!! Golden opportunity here!
In other news, Reddcoin has been falling a bit short of my previous targets. This is the last target for wave 3!
評論:
This is how I KNOW my wave count is correct. See how we completely go rejected there on that drop? Wave 4 cannot go lower than wave 1! That critical line of support is right at the peak of wave 1. It was immediately reject and pushed back up. This stuff is SCARY guys I tell you.
This is how I KNOW my wave count is correct. See how we completely go rejected there on that drop? Wave 4 cannot go lower than wave 1! That critical line of support is right at the peak of wave 1. It was immediately reject and pushed back up. This stuff is SCARY guys I tell you.
評論:
Guys, Reddcoin is really testing that resistance line with bearish divergence. It's possible that my wave count is wrong here. I will wait and see what happens, but it doesn't look all that great to me.
評論:
OHHH Bitcoin is dropping! lol nevermind, that makes sense. We will see what happens.
手動結束交易:
Alternate wave count on RDD!
This is very possible to be the end of the run. I will watch closely and see if it has juice to go higher than its ATH, until then. This trade remains closed.
Alternate wave count on RDD!
This is very possible to be the end of the run. I will watch closely and see if it has juice to go higher than its ATH, until then. This trade remains closed.
THANK YOU TRADINGVIEW FOR DOLLAR VALUE.
Alright, this is what I think is going on. There is a possibility that this run is STILL a part of the correction. If that IS the case, then expect a flat correction towards the bottom of wave 2. Targets will still remain the same, I will just add to my long position.
Big gains on this one. Good luck!