Going against my better judgement here, ignoring history for a volume based trade. So many PM’s telling me volume is the better play than history since the recent history based idea on SENSO. As many of you may know I favour chart history over trading volume by a country mile. So much more information is conveyed in a year of data than a month.
Translated, that means I would have ignored Bitcoin at 6 cents and became interested at $10 thereby missing out on a 16000% move. That’s a tough cookie to swallow. However the risk was huge with little to no probability data to work with.
On the above 2-day chart a ‘incredible buy’ signal was printed as the 10-day EMA crossed up and over the 21-day EMA. (red line changing to green).
On the 4-day chart (below), the part I’m told that matters, is volume. Lots of it. Someone knows something I don’t, for whatever reason volume is pouring into this tiny market capital coin.
A word of caution, this has a tiny market capital. $2M. 100x is easy at $200m, and even then the market cap it tiny. Expect huge swings in price action.
1st target $7 / 1100%
Full disclosure, like SENSO I’ve opened a position in STEP finance. Will return to both in a year and see which was the best approach, history or volume.
Good luck!
WW
4-day chart - volume. Lots of it.
Translated, that means I would have ignored Bitcoin at 6 cents and became interested at $10 thereby missing out on a 16000% move. That’s a tough cookie to swallow. However the risk was huge with little to no probability data to work with.
On the above 2-day chart a ‘incredible buy’ signal was printed as the 10-day EMA crossed up and over the 21-day EMA. (red line changing to green).
On the 4-day chart (below), the part I’m told that matters, is volume. Lots of it. Someone knows something I don’t, for whatever reason volume is pouring into this tiny market capital coin.
A word of caution, this has a tiny market capital. $2M. 100x is easy at $200m, and even then the market cap it tiny. Expect huge swings in price action.
1st target $7 / 1100%
Full disclosure, like SENSO I’ve opened a position in STEP finance. Will return to both in a year and see which was the best approach, history or volume.
Good luck!
WW
4-day chart - volume. Lots of it.
Trade active:
A nice breakout of a pennant formation on the 8hr chart projecting the following near term target of $1.20 / 100%
Trade active
Comment:
Breakout take II
Comment:
This resistance at $1.12 is proving to be tough. Apparently this was some network issues on Solana yesterday affecting all Solana based projects (surprising signal point of failure?) Anyhow.. to Step.
There appears to be a mini head and shoulders pattern on the 8-hour chart below following the rejection which could take price action down to the 75 cent area before moving up again:
There appears to be a mini head and shoulders pattern on the 8-hour chart below following the rejection which could take price action down to the 75 cent area before moving up again:
Comment:
That's us in the 75 cent are as expected. Good to enter long positions between 70-80 cents.
Comment:
At the moment price action is squeezing between the 21-day EMA and 50-day EMA, not great. One can also see another Head and shoulders pattern forming as RSI <50.
It would be wise idea to wait for price action to break out of this formation. The target remains valid, however that does not preclude a visit to 20 cents.
It would be wise idea to wait for price action to break out of this formation. The target remains valid, however that does not preclude a visit to 20 cents.
Comment:
The situation on this one is unchanged, price action needs to get above the orange line and confirm it as support. For the moment it is do nothing approach until confirmation.
The SENSO position is by far outperforming the STEP position!
Volume based trades: 0
History based trades: 1
The SENSO position is by far outperforming the STEP position!
Volume based trades: 0
History based trades: 1
Comment:
The 4-day chart is, for better or worse, indicating a breakout in the near future. If to the upside the target will be achieved.
Trade active:
Breakout !! Price action breaks out of the 4-day ascending symmetrical triangle formation, the 1st target is now a high probability. Be patient.
Remember this is a experiment for a year long idea of history versus volume. The 1st target might look quite small a year from now.
Remember this is a experiment for a year long idea of history versus volume. The 1st target might look quite small a year from now.
Comment:
As per 1-day chart below, look for support at 36 and 25 cents.
Trade active:
A 'great buy' alert just printed - look for a higher low
Trade active:
On the daily chart below 10 oscillators (almost all of them!) are printing bullish divergence with price action. Yeah, this would be the moment to act.
Comment:
Lots of oscillators printing bullish divergence with the 'incredible buy' signal, would expect price action to return to the $1+ region in a short space of time given the tiny market capital.
Comment:
Excellent buying pressure on past support printing on the 10-day chart. Expect a move back to the $1 area in the weeks ahead.
Trade active:
Incredible buy prints on the daily chart with higher lows in price action. Now would be a good moment for opening long positions.
Trade active:
Excellent moment to add to long positions. Why?
On the 2-day chart below price action has broken from resistance and is confirming support. A Flagpole extension from the falling wedge projects a 10x return to past resistance.
On the 2-day chart below price action has broken from resistance and is confirming support. A Flagpole extension from the falling wedge projects a 10x return to past resistance.
Trade active
BTC
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Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Today, so far, saw a breakout of resistance. If the candle today closes above here the door to $7 target is opened.