MEME | Bittrex - Day Trade Opportunity

in #cryptocurrency • 7 years ago (edited)

MEME | Bittrex - Day Trade Opportunity

This is a quick one. Happening right now - 10:30am UTC-7

MEME coin has good indicators for a run up at least 4% but possible 6% or even 10%.

MACD looks favorable on 15, 30 and 60 minute resolutions.

RSI has a lot of room to grow.

MEME just came from a dip in price, BTC is doing well around $4230 and it bounced back at the support level.

If BTC price falls we may see MEME stalling a little bit, but this babe has strong indicators for a run up and certainly room for this run.

Chart - https://ibb.co/eUfXMG

/* This is not financial advice. Invest and trade at your own risk. NOBODY is right all the time. They only have to be right a few times and have a great strategy and risk management to make money. Be careful, invest at your own risk. */

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#daytrade #opportunity #bitcoin #meme
7 years ago in #cryptocurrency by
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     7 years ago 

    Now that the price did not go where my analysis indicated, there's 2 options:

    1. cash out the loss - logically I did not open a position with my whole portfolio, so it would be not a big loss.
    2. wait for the next support line around 6150 satoshis and see if it bounces back up. Indicators seems to be in our favor for holding until we can either cash out at open price + fees or wait even longer and cash out at profit.

    Learning from adversities.
    Sometimes 4 x green 15 minute candles + favorable MACD and RSI and at the bottom of a dip are still not enough indicators that price will bounce back up.

    Worst case scenario, you loose a fraction of your portfolio because you did not go ALL IN right? Thanks. That will compute on the negative trades and let's keep the positive trades number above the negative and we are still profiting!

    [-]
     7 years ago 

    Quick follow up:

    Bitcoin price did violently (fast) by 1.52% but MEME held its price not panicking and it is already on its way up again! (11:05am UTC-7)