This is a long term trade. The market gives us a new swing high which can be used for placing new buy orders. Entry level is 0.00000105 with stop orders at 0.00000042 level. Profit targets are 0.00000150 and 0.00000280 resistance levels. MACD lines and DMI support upward movement and if the price breaks SMA100 and the resisatnce level, we should expect for a new uptrend. Based on the breakout signal, we'll be able to join this market movement on time.
@gelpig, It only makes sense for us to hold right? I think selling right now just because BTC is going up, would just end up with us losing more money, hopefully BTC holds and this coin goes back up, best case scenario right??
esantos55
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@curtisakatoyo, I bought at .77 and holding! Eventually it will boom! Good product behind coin
wpgmantrader
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Have to agree on the LONG TERM possibilities. It had a real nice run for the two month period from April to June and has been beat up since. I can see it (eventually) performing at those levels again. One needs to consider how long ones Fiat might be tied up for while the rest of the market appreciates in value. I would much rather look for a break out above the 100 day moving average, prior to riding this coin.
adamrazzle
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@wpgmantrader, 100% agree. Hopefully time and the devs updates will help it come full circle. There has been opportunities for a quick buy low-sell high but even those aren't happening when statistically they should and when the volume is there lol. I swear there's people on bittrex that make it their job to muck up short term gains, damn little crypto trolls up to no good haha.
adamrazzle
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@adamrazzle, Perfect example Sia is at 58 right now "WHY CRYPTO GODS, WHY?"
wpgmantrader
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@adamrazzle, Because BTC is making exponential gains (outpacing any gains that the alt is making) - hence, the alt looses ground on the charts even though it may be going up in $ value. Coinmarketcap shows the $ value and that can be very misleading (at a glance) for the newbie. Best to expand a coin and look at its performance VS BTC. That presents the alt to BTC pairing much more accurately. Currently, most every alt is loosing ground to BTC. Heck, right now BTC carries 61% (and building) of the market cap.
MisterShaker
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@wpgmantrader, bloody bitcoin bull is ruining all my trades at the moment :(