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HOTBTC

HOT - Holochain - ConsolidatingNot financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. It's been a few days since I've taken a good look at this. It's not because I am not interested but it's because we're consolidating. It's not as easy to see on the daily chart but I've chosen to use this so I can show the whole history of HOT. This is still considered a pretty new asset so I am skeptical on market moves but if elliott waves are your thing then we're definitely in wave 4 right now. That means the high probability trade is to go long around 30 sats and stop loss around 29 or 28. Why am I contradicting my previous thoughts on HOT? Well, this is proof that time tells all things. Back then we didn't get the support at 29 yet. I originally thought we were in an ABC correction but it looks more like an ABCDE wedge. If this breaks up, past 36 first, then past 41, then ultimately past 46, I'm looking at an exit somewhere between 50 and 54 but will look at the reaction there. For me, it's not about how much profit you make on a trade, it's about how much you're willing to give back to the market. Everybody wants to sell the top but that doesn't always happen. Even if it hits 54, and your sell is at 54, doesn't mean your order will fill. If we stall at 54, I'll go ahead and sell likely at 53 as I will want to just get out and not hope for my 54 order to fill. Keeping it simple for today. These are my thoughts. Low risk trade if you can get a buy around 30 or 31. Stop loss at 29. Trade safely friends! Patience almost always pays off. <3 -CE-
HLong
by bitdoctor
16
HOT - Holochain - A world of correctionsNot financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. In a world of corrections, there are ups and downs. We're in a small correction and have broken 34 which has been acting as resistance for a while. Don't get too excited though. We just completed a substantial impulse and things don't last forever. While I don't recommend buying any HOT right now, if you are holding it, you may want to consider unloading a portion of your position around the 37 area. There's going to be a decent amount of resistance at that level. Remember, typically this low cap coin doesn't move quickly and could easily take a while to get to my original buying target of around 25 sats. We're likely in a correction of a correction. A larger ABC correction is in the making with us currently in a B wave of the larger C wave. the 23.6% retracement is sitting at 38 sats, downtrend resistance is sitting aroudn the same. If too much time goes by, I may adjust my prediction to a top at 36 but I think 37 is likely. Not much further than that. Trade safely friends! <3 -CE-
HShort
by bitdoctor
HOT - Holochain - Still falling slowlyNot financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. As an update to a previous idea, I've made some slight adjustments based on price action. It seems to follow my target of 24 nicely. I personally sold off quite a bit of what I was still holding onto at 33 and have buys layered all the way down to about 25 but don't let my personal actions dictate yours. Take a look at the data. The data never lies. THE DATA NEVER LIES 1. I modified the pitchfork that was creating the channel and have found something that agrees with my thoughts a bit more. This lines up a potential buttom of 24 in approximately 4-5 days. 2. We're still measuring the fibonacci retracement from 11 sats to 46 sats (dominant low to dominant high). 3. MACD is showing bearish signs 4. Momentum is decreasing All this in mind and you have to get the moon boys to sell their bags to the highest bidder. Eventually this will be the big whales and after they've accumulated what they deem is appropriate, they'll market in to create more attention to this asset. Until than, as I said in my last idea, continue to accumulate. Trade safely friends! <3 -CE-
HShort
by bitdoctor