#POET #BITCOIN #BITCOINPRICE #TRADINGPoet will continue falling down for a little bit longer. Price has to finish the wedge.
Poet
POET POE POEBTCPresent price is testing C low, and this is crucial for wave count- if "C" is exceeded we can assume lowering to "E" letter, otherwise sure and strong impulse should occur now. Let's hope the best.
1st Critical look on a June Bull run and a July correction#poe
This is a very important chart to look at. A couple things we need to observe fairly quickly. We can see that the 4hr compared to other coins have been fairly level on the RSI and has not yet hit any BIG bumps. So either there are strong selling pressures or most people buying the coin are hodlers.
ONE VERY VERY critical path we need to see on is the daily charts. We have hit the current support level of 380 Satoshi. We can expect the 1st rise towards our T1 target of 425 to be at minimum 10-15% ROI from our current positions as the MACD looks to come up to the median trend line.
Our T2 target can be a bit higher and more aggressive but i would like for us to hit T1 first before making any longer assumptions. I am cautiously entering this market as the bulls can fake us out with so many TA's and articles calling for a 6/6 rise on BTC (my personal analysis stating the same conclusion). The goal of this trade analysis is for me to continue drawing a development on POE and studying the market patterns of what will make it successful.
If the T1 targets hit I will share my T2 targets moving forward. Trying to see market patterns and psychology in this one. I do have a lot of optimism for this coin and can expect anywhere between 20-60% ROI within the coming month. So positioning a LONG TREND buy is not a bad idea here. However again....to build on my long term btc idea any trades i am playing at the moment will only be played out until the 1st week of july and i plan on liquidating all of my positions into fiat.
POEBTC possible Long opportunity !Hello guys, Here im again with a good nice dip.
Redline : Stoploss
Greenline : support and buy area
Blueline : Resistance and target area
Please trade at your own risk. This is not an investment advice.
POE Rounded Bottom Reversal on daily chartLikely seeing a rounded bottom reversal for POEBTC , price target is around 1300-1500 (add height of the bottom to breakout price)
Consolidation then???Solid coin, solid dev team, great raison d'etre. Could be the sleeper hit of 2018. I'm long overall, if the tech stays on track and they don't do anything crazy (good odds I think), then I'll be glad to have a handful- highly speculative DYOR and be watchful on this one
When will POE bounce? That is the question. Similar to my STORM analysis but with a slightly smaller top end available, POE looks to be entering into it's major support area that took it over 670 sat. Granted I think it's highly possible we could be in for just the B wave of an ABC correction, so I've set the R:R to much less than that.
If it breaks the top end major resistance, it could very well retest the 650 area, but it's a little too far away for us to make any assumptions in relation to that, as it will be predicated on what BTC does in the days to come.
Sitting in the 510 region as I write this, I feel as if it's a great opportunity to get into a project that not only has a working product, but with plagiarism being a major issue on the internet provides utility that you can write home about.
Not financial advice,
POE.T's Bull Pennant BreakoutHello guys,
I hope you are all doing fine. You guys are looking at daily chart of POE on Binance. Yesterday, POE broke out the bull pennant it has been in for the last week or so. However, due to BTC correction, it has come down and could not go any further. The good news is that the yellow line now works as support and let's see if it hold it. Please bear in mind that POE is one of those tokens that has not had its bull run in this bull season and it has been accumulating for a long period of time. I think when it starts to run, it is gonna be super bullish. Please DYOR and this is just my opinion. Forgive me if there is any mistake.
Happy trading.
Fibonacci Magic Pt 2 - POEIn my last chart I left you with 2 targets for the completion of Wave 5. We hit my first target on the head and seem to be correcting now. We are now in our ABC correction and on target to hit the 0.382 Fibonacci Retracement.
My reasoning is as follows. Wave Wave B retraced to the Golden Pocket of Wave A already, and the 1-1 extension of wave A is exactly at the 0.382 fibb. therefore I think there is a high probability of us retracing to there.
I left my second target on just incase we are in an extended Wave 5 and my Wave A is really Subwave 2. However I feel that is unlikely
Once again the Fibbs tell the story with this one, perfect retracement and extension ratios!
Target for the bottom of Wave C is about 520 satoshis
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!!
Fibonacci Magic!! - POEI was requested by someone to do POE! So here you go! I think I can rap and flow, you know?
Ok, so, I have a bunch off fibbs drawn everywhere I know. Fibonacci is such a cool tool, if you haven't used it, you totally should.
At first I wasn't sure if this would count well because the subwave count looks so odd (especially Wave 3) , but as soon as I threw the fibbs on, it was like I was looking through a crystal ball!!
These fibb retracements are Elliot Wave GOLD!! Our Wave 2 retraced to the 0.786 Fibb. Hit it right on the head with a wick. Wow it's like magic!! How could you have predicted this before hand!?
Not only did Wave 2 retrace to the 0.786 fibb, but wave 3 hit the 1.618 extension. And after that, following the Rule of Alternation, since wave 2 was a deep 0.786 retracement, wave 4 was a shallower 0.5 fibb retracement. And WOW!! We hit 0.5 exactly also!! These fibbo thingys are cool eh?
Now onto wave 5!! Well, I don't believe wave 5 is complete yet, and since Wave 3 hit the 1.618 I will assume conservatively that we have a 1-1 ratio of Wave 1 from Wave 4. At the highest, I would expect Wave 5 to hit the 2.618 extension of Wave 1.
Now I haven't extrapolated any targets for our ABC correction upon completion of Wave 5 because we don't yet know how far wave 5 will extend, however we can reasonably assume based on the Elliot Wave Guidelines that it will most likely be within Wave 4 territory.
Targets
Wave 5 - Between 650 and 780 Satoshis
ABC Retracement - Between 490 and 600 Satoshis
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!
Completing 1st wave of a 5 wave move up On correction of wave 1 moving to B wave on 2. Watch for bounce off the golden pocket. Next up after correction is WAVE 3
Po.e - BTC BreakoutIf the BTC will not destroy the market;
Target:1 - 444 Sats
Target:2 - 529 Sats
Target:3 - 597 Sats
Target:4 - 666 Sats
Target:5 - 764 Sats
Target:6 - 888 Sats
And than it will be Moon !
Note : It's not a investment advice ! Do your own research !
Po.et - POEBTC - Daily Chart with Fibonacci RetracementsFuturistic platform on generating revenue from blog posting. It's like steemit but less crowded.
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POE/BTC Finishing CorrectionPOE just finished surfing the waves and is just now finishing its correction inside a Falling wedge (reversal pattern)
I think once wave C is complete, POE will be ready to surf again!
Enter only on confirmation of wedge breakout.
Stop below falling wedge.
Good Luck!
POE/BTC in a Symmetrical TriangleAfter finding a bottom from the downtrend, POE finds itself in a Symmetrical Triangle Bilateral Pattern.
If POE breaks up and out of the triangle, it will be met by the Red Resistance Lines.
If POE breaks down of the triangle, it will receive support from the Green dotted lines.
StochRSI looks good to reset soon, while OBV is staying strong. I think good indicators of breaking up and out - fingers crossed.
Po.et potential profit coming soonPoe is at the channel resistance, wait for the breakout before entering. Fail breakout could result in a new low down to the 200 sat level. Poe has been in this channel since January. The market is quite bullish right now so there is a good chance a breakout might occur. Keep a close watch over the next few days for great potential profits.
On the fundamental side, Po.et is about to launch a new feature for WordPress, this could bring in more volume to move the price.
POE looking for support really soon!POE is on the verge of retracing its entire market movement. It is forming a falling wedge and is looking for a new support line other than its original market movement. POE just passed its last major possible support line at 458 and I believe will find it before it hits 324. It will probably find it sooner rather than later. It is looking for a strong pop or a totally new market play.
POE/BTC 4 hour - Bottom or .2fib Support?Forwarning: I am a beginner at charting.
I look forward to hearing critiques and opinions about my TA, and am eager to learn from you!
I am posting my TAs to have an archive of my ideas, a way to keep me accountable, and to learn.
Now that that is out of the way, I am using a 4 hour chart and working with po.et.
Target 1 is risky so I have set a pretty tight stop loss. I feel like we are either going to drop below the .2 fib line or if we find support, we will see a reversal.
Target 1: 20% - 434 sat
Target 2: 60% - 754 Sat
Target 3: 20% - 894 Sat
Stop Loss for first target 405 Sat
#POE JUST GETTING STARTED POET WAVE 3 STARTING OVERALL PICTUREBREAKING OUT OF GIANT BULL FLAG. BULL FLAG BOTTOM FORMED BY 61 FIBONACCI LINE. I LIKE TO HAVE 2 CHARTS UP AT THE SAME TIME.... BINANCE NON MOBILE.... DRAW FIBONACCI LINES ON 12 OR 1 DAY CHARTS AND COMPARE IT WITH TRADING VIEW. LET POE COME BACK DOWN TO THE BASE UPTREND AND BOUNCE OFF.... REFERENCE TRX. THIS COULD BLOW UP FASTER BECAUSE ITS ON THE 61 FIBO. WATCH MACD FOR BUYING POINTS. ABOUT TO CROSS OVER NOW ON THE 1 DAY