Reddcoin Hitting Same Support AgainOn the 7th of January, Reddcoin has reached an all-time high, hitting $0.032 level. Then price corrected down sharply and stopped near $0.0044 area, resulting in a 87% loss to the USD, in just one month.
The $0.0044 area is the 88.6% Fibonacci retracement level, that has been rejected. And looking at the chart, since December 2017 up until now, this level has been rejected at least four times. The most recent rejection occurred on the 13th of June, and RDD/USD has already gained 30% since then.
Perhaps the wave pattern could continue, and if price will stay above the support, RDD could reach the $0.01 resistance area in the very near future. This is a key technical as well as psychological resistance level that should be watched closely. Break above it could be the confirmation of the uptrend, resulting in an exponential growth.
But if RDD will break and close below $0.0042 low on a daily chart, price might enter the consolidation period or even result in a downtrend continuation.
Reddcoin
$Reddcoin, $RDD STAKE ON!!!
Weekly
Looking at our trend timeframe we see price is currently bouncing off our major horizontal and dynamic support. Recently RDD formed a lower higher around 110, price is now looking to forma higher low leading to my conclusion that we could be seeing a breakout towards the upside very soon.
Daily
Shifting over to our pattern timeframe we see price has recently broke out of a descending wedge pattern and tested for support. Stochastic RSI showing momentum is looking bullish, a daily close above $85 ad we should see Reddcoin run.
If you missed our first HUNT, you may want to check this!REDDCOIN/BITCOIN
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.00000080).
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 7 BUY trade(s) @ 0.00000058(day close price) based on reversal candle ( Hammer ) at 03.18.2018.
Total Profit: 208
Closed trade(s): 108 Profit
Open trade(s): 100 Profit
Closed Profit:
TP1 @ 0.00000081 touched at 04.11.2018 with 23 Profit.
TP2 @ 0.00000092 touched at 04.11.2018 with 34 Profit.
TP3 @ 0.00000109 touched at 05.02.2018 with 51 Profit.
23 + 34 + 51 = 108
Open Profit:
Profit for one trade is 0.00000083(current price) -0.00000058(open price) = 25
4 trade(s) still open, therefore total profit for open trade(s) is 25 x 4 = 100
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.00000124
TP5= @ 0.00000145
TP6= @ 0.00000196
TP7= Free
Technical analysis:
ReddCoin/Bitcoin is in a range bound and resumption of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 41.
If you missed our first HUNT, you may want to check this!REDDCOIN/BITCOIN
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.00000080).
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 7 BUY trade(s) @ 0.00000058(day close price) based on reversal candle ( Hammer ) at 03.18.2018.
Total Profit: 208
Closed trade(s): 108 Profit
Open trade(s): 100 Profit
Closed Profit:
TP1 @ 0.00000081 touched at 04.11.2018 with 23 Profit.
TP2 @ 0.00000092 touched at 04.11.2018 with 34 Profit.
TP3 @ 0.00000109 touched at 05.02.2018 with 51 Profit.
23 + 34 + 51 = 108
Open Profit:
Profit for one trade is 0.00000083(current price) -0.00000058(open price) = 25
4 trade(s) still open, therefore total profit for open trade(s) is 25 x 4 = 100
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.00000124
TP5= @ 0.00000145
TP6= @ 0.00000196
TP7= Free
Technical analysis:
ReddCoin/Bitcoin is in a range bound and resumption of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 41.
RDDBTC Bittrex 1D up to 24MAY18 Crypto Trading Analysis (TA)BITTREX:RDDBTC
1D Chart, also works in 4H, at this time ReddCoin (RDD) is testing by third time the SUPPORT ZONE 2 since April 25 (0.00000080 BTC), gaining strength to move towards RESISTANCE ZONE 1 (TARGET 1 0.00000100 BTC). The 50, 100, 200 MA is increasing its 100/200 days signals separation (GREEN ARROW), the Volume is increasing -EVENTUAL PRICE INCREASE- (ORANGE ARROW) and the Stochastic RSI Index & MACD and are both about to pierce up below 20 RSI Signal and Histogram respectively (BLUE ARROWS), we could spect the RDD price to move UPwards in the next hours. But remember, this is our optimistic approach, keep in mind that is plenty of possibilities to witness a reverse from any point at any time. At this time the Market Cap is recovering at 333 Billions and the BTC is traying to recover from $7.5K. Good Luck!
Grafico de 1D, también funciona en 4H, en este momento ReddCoin (RDD) está probando por tercera vez el SUPPORT ZONE 2 desde el 25 de abril (0.00000080 BTC), ganando fuerza para moverse hacia RESISTANCE ZONE 1 (TARGET 1 0.00000100 BTC). El Indice 50, 100, 200 MA está aumentando su separación de señales de 100/200 días (FLECHA VERDE), el Volumen está aumentando -AUMENTO DE PRECIOS EVENTUAL- (FLECHA NARANJA) y los Índicadores RSI Estocástico y MACD están a punto de cruzar ascendentemente sus señales desde abajo de 20 RSI y el Histograma respectivamente (FLECHAS AZULES), podríamos espetar que el precio de RDD se mueva hacia ARRIBA en las próximas horas. Pero recuerde, este es nuestro enfoque optimista, tenga en cuenta que hay muchas posibilidades de presenciar un retroceso desde cualquier punto en cualquier momento. En este momento, Market Cap se está recuperando en 333 Billones y el BTC está tratando de recuperarse de $7.5K. ¡Buena suerte!
"Bitcoin will do to Banks what Email did to Postal Industry / El Bitcoin le hara a los Bancos lo mismo que el Correo Electronico hizo a la Industria Postal"
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
Reddcoin/Bitcoin (Market Cycles) As you can see from the chart it's interesting to watch whales playing games on this coin. Always retracing over 90% each time from the top to the bottoms. Because this coin has not done anything apart from acting like a pump and dump, i'm assuming its going to dump all the way to:
- Entry: 23- 13 satoshi
- Exit: I would go for anything above 300%-500% my entry
:D
For now, I am very bearish and wish not to touch it until at least 30 sats. In addition I do not know when exactly this will stop bleeding so let it do its thing.
RDD Coin looks bullish, hitting its lows! Here is my thought process on Redd Coin.
The coin is available to trade on Bittrex .
My opinion on RDD/BTC is bullish as it has volume accumulation and RSI near 30 suggesting the coin has been over sold.
The price movement for RDD for the past month has seen dramatic price (30% or more) increases at various time frames and I think it will make another jump in price of atleast 30%.
That being said, the stop losses are set tight and the buy & sell prices are also set but these are only my opinion.
I hope it helps. Good luck!
Reddcoin Round 2, Long Looking at the daily we see price has hit major resistance @ 115 satoshis, and has since retraced as low as 77 satoshis. Stochastic RSI showing momentum has radically shifted towards the downside. Until BTC has found support, expect altcoins to follow after some consolidation. Expecting a drop towards 60 satoshis in the next couple days. If price does not hold at this level expect RDD to fall as low as 50 satoshis.
Conclusion
Buy after support is reached @ 62 and daily confirmation of support.
Trading Scenario RDD-USD (17 May 2017 - 26 May 2017)Note. This is not a real trade, this is just a trading scenario to show you, what would be the result of my Crypto Trading System, trading RDD-USD from 17 May 2017 to 26 May 2017, on the Daily Chart.
In this trading scenario, on 17 May 2017 we've got a Buy (Entry) signal from my Trading System and we opened the transaction with only 10% of our investment capital. Entry price $0.00013090
On 26 May 2017 we've got the Sell (Close) signal from the Trading System and we closed the transaction with profit. Closing price $0.00127554
PROFIT: 870%
About my Crypto Trading System. My Trading System is only suitable for patient traders, who wants to realize profits for the long term and to let the invested capital grow considerably and solidly. So if necessary, sometimes we need to wait days, weeks, months or even years to open/close a successful profitable transaction. The trading is on the daily chart of trading pair BTC/USD. On the weekly chart of trading pair ETH/USD. And on the monthly chart of trading pair LTC/USD. With patience waiting for the best Buy/Sell signals. My goal, making a nice profit percentage at the end of each year, for a solid long term growth of the invested capital.
I wish all of you, the best trades, and very green profits!
Peace and Love
Global Crypto Trader
-----------------------
DISCLAIMER
I'm not a certified financial planner/advisor nor a certified financial analyst nor an economist. I'm not a finance professional through formal education. Trading is just one of my hobbies! The trading signal of my Crypto Trading System is not a financial advice, there is no guarantee that you will make profit from my Trading Signals. Crypto trading is very risky, so don’t trade with money you can’t afford to lose.
REDDCOIN MANY OPPORTUNITIESHow many % of profit could have been made if you just follow the 20MA... Its crazy... Next time look for market down move look for RSI on higher TF and then hop on the trend.
REDDCOIN: MASS ADOPTION NEWS = 41.56% PROFIT !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 41.56% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 2: Reddcoin is listed on Ethereum World News which talks about how "Reddcoin will revolutionize social media".
April 3: Reddcard is launched. This is a deposit card using a QR address allowing users to send Reddcoin via a wallet address.
April 12: Indiacoin Cryptocurrency Exchange allows buying and selling of Reddcoin using a credit or debit card.
April 12: Bittrex Cryptocurrency Exchange lists Reddcoin.
April 14: Reddcoin-Alliance.com is released. This website community and businesses together to encourage global integration. The website contains showcases, information about partnerships such as integrating Reddcoin in a webshop.
April 16: Article released that states that "Cryptocurrency Usage in Gaming Is Going Mainstream with Reddcoin at the forefont.
April 19: Reddcoin Poker(reddcoinpoker.com) is released allowing users to Play Poker with other players from around the world and enjoy some great time while earning Reddcoins.
April 29: BIP 39 Mnemonics implemented for Reddcoin. Improvements include: "twelve word recovery phrase" and related backup features in current and future Core wallet build.
April 29: Reddcoin Core is exploring a partnership with investaco.in to leverage their services and platform to offer a Reddcoin-backed Debit card and network of global ATMs. This is potentially being the first cryptocurrency to be integrated in this way, allowing for easy use and storage of Reddcoin in the real world.
The increase in price is driven by the effect of the mass adoption of the cryptocurrency in the mainstream. This also includes the integration of Reddcoin into the real world economy with their partnership with Investaco.
A New Trading Opportunity to Buy. TP3 hit with 328 profit...REDDCOIN/BITCOIN
New trading suggestion:
*The price is in an Up Trend and we forecast the uptrend would continue.
*There is still possibility of temporary retracement to suggested support line (0.00000080) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 7 BUY trade(s) @ 0.00000058(day close price) based on reversal candle ( Hammer ) at 03.18.2018.
Total Profit: 328
Closed trade(s): 108 Profit
Open trade(s): 220 Profit
Closed Profit:
TP1 @ 0.00000081 touched at 04.11.2018 with 23 Profit.
TP2 @ 0.00000092 touched at 04.11.2018 with 34 Profit.
TP3 @ 0.00000109 touched at 05.02.2018 with 51 Profit.
23 + 34 + 51 = 108
Open Profit:
Profit for one trade is 0.00000113(current price) -0.00000058(open price) = 55
4 trade(s) still open, therefore total profit for open trade(s) is 55 x 4 = 220
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.00000124
TP5= @ 0.00000145
TP6= @ 0.00000196
TP7= Free
Technical analysis:
ReddCoin/Bitcoin is in an Up Trend and Continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 74.
A New Trading Opportunity to Buy. TP3 hit with 328 profit...REDDCOIN/BITCOIN
New trading suggestion:
*The price is in an Up Trend and we forecast the uptrend would continue.
*There is still possibility of temporary retracement to suggested support line (0.00000080) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 7 BUY trade(s) @ 0.00000058(day close price) based on reversal candle ( Hammer ) at 03.18.2018.
Total Profit: 328
Closed trade(s): 108 Profit
Open trade(s): 220 Profit
Closed Profit:
TP1 @ 0.00000081 touched at 04.11.2018 with 23 Profit.
TP2 @ 0.00000092 touched at 04.11.2018 with 34 Profit.
TP3 @ 0.00000109 touched at 05.02.2018 with 51 Profit.
23 + 34 + 51 = 108
Open Profit:
Profit for one trade is 0.00000113(current price) -0.00000058(open price) = 55
4 trade(s) still open, therefore total profit for open trade(s) is 55 x 4 = 220
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.00000124
TP5= @ 0.00000145
TP6= @ 0.00000196
TP7= Free
Technical analysis:
ReddCoin/Bitcoin is in an Up Trend and Continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 74.
ReddCoin , A profitable opportunity to buy in RDDUSD. catch it!Technical analysis:
REDDCOIN/DOLLAR is in a Range bound and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 44.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is possibility of temporary retracement to suggested support zone (0.0050 to 0.0020), if so , traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0050)
Ending of entry zone (0.0020)
Entry signla:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.0084
TP2= @ 0.0110
TP3= @ 0.0153
TP4= @ 0.0335
TP5= Free
RDDBTC ,Keep your eye on chart for hunting. Buy position is nearTechnical analysis:
REDDCOIN/BITCOIN is in a range bound and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 40.
Trading suggestion:
.The price is in a range bound, but we forecast the uptrend would begin.
.Price is in the Buy Zone (0.00000068 to 0.00000057), we would set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000068)
Ending of entry zone (0.00000057)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.00000081
TP2= @ 0.00000092
TP3= @ 0.00000109
TP4= @ 0.00000124
TP5= @ 0.00000145
TP6= @ 0.00000196
TP7= Free
RDDBTC , weekly update:Total profit 142 in 24 days.!REDDCOIN/BITCOIN
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
*There is still possibility of temporary retracement to suggested support zone (0.00000068 to 0.00000057), if so , traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000068)
Ending of entry zone (0.00000057)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 7 BUY trade(s) @ 0.00000058(day close price) based on reversal candle (Hammer) at 03.18.2018.
Total Profit: 142
Closed trade(s): 57 Profit
Open trade(s): 85 Profit
Closed Profit:
TP1 @ 0.00000081 touched at 04.11.2018 with 23 Profit.
TP2 @ 0.00000092 touched at 04.11.2018 with 34 Profit.
23 + 34 = 57
Open Profit:
Profit for one trade is 0.00000075(current price) -0.00000058(open price) = 17
5 trade(s) still open, therefore total profit for open trade(s) is 17 x 5 = 85
All SLs moved to Break-even point.
Take Profits:
TP3= @ 0.00000109
TP4= @ 0.00000124
TP5= @ 0.00000145
TP6= @ 0.00000196
TP7= Free
Technical analysis:
ReddCoin/Btcoin is in a range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 65.
If ReddCoin break 0,00900 = Fib 0.618% price will go long! I invest in Crypto currencies and I trade CFD's. When you want to invest in crypto, I advise you to buy 'real coins' because on long term that will give you far more profit than speculate the chart with CFD's. I have bought Bitcoin, Bitcoin Cash, Ethereum, XRP-Ripple, ReddCoin, FeatherCoin, Adcoin (ACC), Bunny Token and looking for others every day! Bunny Token gave me good profit so far! I bought these in Pre-sale. I expect this is going to become huge!
Do you have some good tips for crypto coins? let me know!
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My strategy
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence.
How do I decide to open a position or not? First I analyse:
- Sentiment on the market
- Own created indicators
- Moving-averages and Bollinger-Bands
Trading means investing. Sometimes you lose more than you win in the beginning of a period!
Don't forget to follow me, so you get updated when I post new analysis. Also read my account and the 'status updates' to be informed.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
[RDD/BTC] Great opportunity is in, +100% possible return.Hi,
Take a look at my trading idea for RDD/BTC, you can see all indicators are bullish and a great opportunity is in.
You can see:
- Bollinger band are open with a bullish direction
- BBWidth move to the top
- Close to break the triangle pattern
- Possible cup and handle forming
Behind this analysis Reddcoin is a great coin with a great community.
Trade at your own risk.
