alanmasters
Long

[PIVXBTC] PIVX Doji Candlestick [400% PP]

BINANCE:PIVXBTC   PIVX / Bitcoin
PIVX is looking really good on the charts. Let's take a look at some of the reasons why and dive into the famous candlestick called a "Doji", which can alert us of an upcoming change of trend.

Let's start with the weekly chart: 
* The first thing is that this is the weekly timeframe . Each candle represents one week. This is a long term chart and signals here are very strong. The longer the time frame the stronger the signal. For example, if you have a signal on the 4 hours time frame, it isn't as strong as the same signal on the daily (24 hours) time frame. The longer the time frame, the stronger the signal.
* On the chart above we have a classic S curve, which is self explanatory... It points to price action going up.
* If you were to draw a trendline from top to bottom, you can see that PIVXBTC has broken passively out of its downtrend. So it isn't going down anymore.
* We have increasing green/bull volume , which is a very positive signal.
* And finally, the TD Sequential negative nine count with two Doji candlesticks and the end...

So these are some of the signals, now let's get into the Doji .

The Doji is a candlestick that is neutral in nature, but when it appears at the end of a long trend, it is a strong signal of an upcoming trend reversal. Specially when you have overbought / oversold conditions, which is true for PIVX which we are using in this example (oversold both on STOCH and RSI ).

I mentioned the weekly time frame several times because this candlestick is a strong enough signal to open a trade on its own. When you take into consideration what is happening with the altcoins market, the chart structure and volume .

Keep an eye on the Doji next time you are looking for a change of trend. This is an easy signal to spot... Now let's move on to our trade.



Trade instructions PIVXBTC by Alan Masters

Targets:

(*) 0.0001688 * Target hit 29-Sept. *
(*) 0.0001855 * Target hit 29-Sept. *
(*) 0.0002222 * Target hit 29-Sept. *
----
(1) 0.0002222 * Next target *
(2) 0.0002809
(3) 0.0003390
(4) 0.0003760
(5) 0.0004540


Stop loss: Close weekly candle below 0.0001260.

Capital allocation: <5%.



CARE, DEDICATION, PERSISTENCE & PASSION WILL WORK

Practice everyday.

Train hard.

Study more.

Dedicate time, more time, more energy...

You can... YES!

It is for your own good.

It is your own choice.

It is your decision.

Do it for yourself.

YES I AM LOVE!

Namaste.
Trade active
Comment: We move up with force today moving above our third target.
Comment: Trade instructions PIVXBTC by Alan Masters

Buy in: 0.000138 - 0.000151 (Avg. 0.000144)

Targets:

(1) 0.0001688 * Target hit 29-Sept. *
(2) 0.0001855 * Target hit 29-Sept. *
(3) 0.0002222 * Target hit 29-Sept. *
(4) 0.0002809 -Reached 30-Dec. (+94%)
(5) 0.0003390
(6) 0.0003760
(7) 0.0004540
(8) 0.0005099
(9) 0.0007468
Trade active: We have more targets to reach.
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Related Ideas

Dear sir
Actually I have purchased it very high that 19500 and now tell me what to do. I am in tension. Pls help me
+1 Reply
alanmasters zafartauqeer
@zafartauqeer, You need to wait patiently until the price starts to move back up, and sell once you reach your set price (target).

It can take several weeks. It takes time.

You buy, you wait and later you sell on target for profits... It requires patience.

Namaste.
Reply
WayAtTheEnd zafartauqeer
@zafartauqeer, I bought a lot higher than that last year. 19500 is still LOW AF as far as I'm concerned.

Reply
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