I mention 223% potential in the title, that is if we challenge the last all time high. "Challenge", not break it. If we break the last all time high and go to the next Fib. extension number (the next based on the Fibonacci sequence), we are looking at a nice 320% potential... And you know cryptos, you know Binance even better, the are crazy there on a daily basis, specially with such a hot and famous coin.
Let's take a closer look at what we have here by starting with the fundamentals:
> Waltonchain ( WTC ) - Release of WTC Android Mobile Wallet. (30-April)
> Waltonchain ( WTC ) - Release of WTC iOS Mobile Wallet. (31-May)
Waltcoinchain ( WTCBTC ) Trade Analysis by Alan Masters
CHARTS, SIGNALS & INDICATORS
Let's start looking at my favorite time frame, the (my second favorite is the weekly, gives you a great perspective of the mid/long term view of any asset):
- We have very strong and easy to read positive signals.
- Notice first the red dotted line. This is a , a downtrend, which has been broken by yesterday's breakout. We are breaking out again today.
- Strong positive divergence on the . A very strong signal on this time frame.
- is very . It hasn't been this for WTC since early February. Signs that things are changing for this coin.
- curving up, trending up and showing plenty of room left for growth.
- I am in love with the weekly chart for Waltonchain, it looks really good. VERY . We need a strong close this week for Waltcon ( WTC ) to "seal" a new "deal" for the weeks ahead.
Note: The and are telling me that we will have to face some resistance on the way up. That is more than ok for us, we are good with it, we don't mind waiting. What we are really interested in is securing our position so that we can sell as close as possible to the top once the Altcoins market is in its full bull run mode. For now, we spot the opportunities, buy in and hold... Later we enjoy the profits by selling high.
We buy low and we sell very high... That's the most basic way of looking at it. Let's enjoy this trade now.
Buy-in: 0.0014 - 0.0019
(1) 0.00213 (short)
(4) 0.00387 (All time high)
Trade strategy: Buy & hold. Leave the rest to the market (hold and later sell for profits when we start to hit our targets).
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This is normal, trades can take a few days or weeks before they start to run.
We buy very low and hold.
Once the price starts to go up, we sell on target.
When the price goes down, we buyin, rebuy and/or reload, to sell again when the price moves back up.
For now, we wait...