without_worries

Metal (MTL) / BTC - 10x return

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without_worries アップデート済   
BINANCE:MTLBTC   Metal / Bitcoin
While most of the internet is talking about $100k BTC or $5-10k Ethereum, I can’t say for sure I’m really interested. After all those are only 2-3x gains. I’m really interested in 10x minimum.

There be a number of alt-coins threatening to offer those returns as they break critical resistance. A couple of which stand out scoring high on my list.

On the 1-day chart above price action breaks out of resistance following a ‘incredible buy’ signal. The more exciting development is what is happening on the weekly chart (below), which is:

1) Price action breaks through the 52-EMA (green line) to confirm as support. This has never happened before.

2) Price action corrects to the golden ratio and the 21-EMA since mid-summer correction.

Is it possible price action falls further? Sure.

Is it probable? Super unlikely!

If you get a 10x here, sell it into BTC, don’t hold on the belief this is the next thing.

Good luck!

WW


Weekly MTL / BTC chart

トレード稼働中:
40% return in 35 minutes?! I'm printing that one out and framing it.

I'd say don't FOMO, but 90% of traders out there will do exactly that.
トレード稼働中:
There she blows - now hold until the 10x arrives and cash into BTC.

コメント:
Nothing to do but wait...

On the weekly chart below price action is testing past resistance as support. The 21-week and 50-week EMAs (yellow and green) are both currently being tested as support.

Be patient!

トレード稼働中:
Price action has now fallen to support, a significant move should now be expected not unlike the previous.
コメント:
The first question in any TA, what is the trend?

On the weekly chart below the answer is clear, higher highs higher lows. Price action is currently back-testing past resistance and also the lower pi channel (yellow dotted line).

Alles ist gut, keep calm and carry on.

トレード稼働中:
A large move is very probable in the weeks ahead. Notice the Dragonfly DOJI printed on the last 2-week candle? If tomorrow's candle closes green the DOJI is confirmed.


BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

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Allow 3-6 months on ideas. Not investment advice. DYOR
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