It must be a special kind of week because I'm beginning to see my favorite chart pattern, the 123 Bottom formation a lot! If you've read my other Wednesday Winner posts or have followed my weekly updates for my Journey from 0.2 to 1.0 Bitcoin then you'll know I like to keep my analysis simple and based off trend lines and confirmed turnarounds. I do this because I think that some of the more complex indicators are just more convoluted ways of saying & discovering the same simple patterns.
Anyway, here are this weeks coin trades that I'm considering.
Aragon (ANT)
Aragon has been gathering support for a few weeks and looks like the break above the "2" level in this 123 Bottom formation This coins prices are volatile at the moment, so I'll be making sure that I adhere to the stop loss.
BUY: ~0.00043000
TP: 0.00065660
SL: 0.00035715
Ark (ARK)
This one is heavily dependent upon the price moving and staying above the 2 mark - you can see the entry is around 40k sats. It again, based off the simple 123 Bottom formation idea but is a little higher risk given the looser stop
BUY: ~0.00040000
TP: 0.00056800
SL: 0.00033750
BlackCoin (BLK)
BlackCoin has shown strength by previously breaking through the 2 mark of the 123 Bottom and has now consolidated on the support line around the previous break. Tight stop makes this a lower risk trade but be careful of holding on to losers if support breaks. ADHERE TO STOPS!
BUY: ~0.00003750
TP: 0.00004820
SL: 0.00003430
As always, please do your own research before taking any of these tips.