Let's start with the weekly chart:
* The first thing is that this is the . 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 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 , which is a very positive signal.
* And finally, the TD Sequential negative nine count with two and the end...
So these are some of the signals, now let's get into the .
The is a 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 and ).
I mentioned the weekly time frame several times because this 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 .
Keep an eye on the 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
(*) 0.0001688 * Target hit 29-Sept. *
(*) 0.0001855 * Target hit 29-Sept. *
(*) 0.0002222 * Target hit 29-Sept. *
(1) 0.0002222 * Next target *
Stop loss: Close weekly candle below 0.0001260.
Capital allocation: <5%.
CARE, DEDICATION, PERSISTENCE & PASSION WILL WORK
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!
Buy in: 0.000138 - 0.000151 (Avg. 0.000144)
(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%)
It can take several weeks. It takes time.
You buy, you wait and later you sell on target for profits... It requires patience.