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BAND / Bitcoin

0.00000941BTCR
−0.00000006−0.63%
As of today at 21:13 GMT
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BANDBTC trade ideas

BANDBTC - UPDATE: Following Papa LINK?I took a look at BANDBT C a little while ago, we had some interesting moves today. Market in general was pumping, BAND had some good movement. Let's have quick recap, plus some things I'm seeing. We're in a downward channel since the highs just before the dump. We had hit what seemed to be the first solid support in a while. Though no real historic claim to that. BAND tends to follow LINK. They are both security protocols, I think a lot of people conflate the two. EMA 100 was bounced back to nicely today. MACD looking like a healthy cross with some greens sprouting. Ripe for action. Stoch is building, but not quite at overbought yet. decreasing sell volume the last few red days. There's a decent chance she'll swing back down to support, if LINK or BTC decides to drop rapidly for example. But if LINK holds strong above $10 I think we can confidently say BAND will keep moving, maybe after a little correction down. Closest indicator to it retesting would be the Stoch is getting high. Invest at your own risk here, I'm just speculating. TP 's: #1- 0.00075 #2- 0.0009 SL : Just below prior support. If she breaks it'll be down to the next historic support likely. -- “Test fast, fail fast, adjust fast.” — Tom Peters -- I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
Long
by cryptosince1963
2
Time to get the BANDBTC back together? BANDBTC feels like the neglected step child of crypto, constantly playing second fiddle to LINK. After a couple days decline BAND posted it's first strong candle. This coincides with it breaking below it's MA 100. It's possible we might see a little bump from BAND here. Still risky to say as this support level has no historic data to draw from. RSI has crossed and looks strong. MACD still questionable, though the daily MACD doesn't seem to be a good indicator of movement historically for BAND. Overall, I'm predicting further declines, though short term gains could be in order with the current chart. If the market recovers this week and the stocks don't keep going down, this further decline may be invalid. BUYING IN? If I'm buying in right now, I'm doing one of two things: 1) looking for a modest 15-30% gain and setting a stop loss tight to the recent low of .0005230. This is a high risk move, if I'm making this, it's with a relatively small amount of capital, 2-5%, with the intention that if it goes south I will make up the losses off the bigger drop later. or 2) looking for a modest 15-30% gain but with a much smaller amount of capital, with the intention that if it goes south I will DCA at a lower price for an eventual bounce. Realistically, proper balance of risk would be seeing how the market plays out after the weekend. Low volume on the markets right now, so can't really trust the movement until we see more data. If things take off this week, you won't miss THAT much profit by waiting a bit to confirm. Safe trading :) I'm a simple guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. Likes, feedback, criticism and crude humor are always welcome :)
by cryptosince1963