Reddcoin cycle change comingThe Reddcoin market cycle began it's turn on May 11th with the disbelief spike to 26 sats.
Rdd's first cycle peaked, then had a break out 1169 days later. The current cycle hit's the same mark today at 1169 days away from the first peak of the cycle, and is coming out of the depression stage of sub 10 satoshi and is currently sitting comfortably atop that as support. The yellow base support line on the chart began Feb 27th, 2017, and is right in line with holding up the current emotional 10 sat support at the end of the downtrend line that will break before the end of the year.
With a market cap of roughly $40M as of today, and a 24h volume of 3.078 bitcoin, a 10x to 400M isn't as far off as you may believe. Rdd is still lacking in major exchange listings, any of which listings could definitely be a catalyst for the price to go up with demand. Bittrex is the main exchange, and looking at the order books, it would only take 450 Bitcoin to pump Rdd up to 120 satoshi right now. A $5M whale move could 10x the MC in seconds up to $400M, which would of course attract enough retail money to buy up the bags that were just set atop a 10x for about 1.5% of the new MC.
Created in 2014 Rdd is a benefactor of the Lindy effect where it's longevity will add fuel and trust to another run. Also, 43 of the top 300 wallets received their first coins in 2020, accumulation has been underway. Staking rewards, now tied to total number of coins staked, is currently around 10% and can't go below 5% with the new posv2 staking reward system.
I first entered Rdd at 8-9 sats in February, and added another 33% of my previous total on top of that today at 12 sats.
Targets for profit next cycle:
38 sats
82 sats
120 sats
----------
less likely but possible,
160
195
440
Good luck, and stay safe.
p.s. I see btc firmly claiming 14k before year's end.
Reddcoinbtc
Reddcoin soon PUMP? Reddcoin had a great pump history with big Gains...
1st pump 4400%
2nd pump 1500%
What will happen now? We're seeing a long term flat period. Volume is low and this coin is so easy to pump with just a little volume.
Solid project as it seems!
Scenarios:
1: (based on history) 4400% pump would bring RDD to 560 satoshi, not very likely at this moment. Maybe late 2021 possible as you can see the in the pump top line.
2: (based on history) 1500% pump would bring RDD to 191 satoshi,satoshi, likely 6/10
3: Calculation average of 4400% and 1500% = 2950% pump would bring RDD to 385 satoshi, likely 4/10
4: Calculation 4400% to 1500% = 1500/4400 = 34% So 1500*34% = 510% pump. That would bring RDD to 75 satoshi, likely 8/10
What do you think?
There is a possibility for the beginning of an uptrend in RDDBTCTechnical analysis:
. REDDCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000048 to 0.00000041). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000048)
Ending of entry zone (0.00000041)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000057
TP2= @ 0.00000062
TP3= @ 0.00000072
TP4= @ 0.00000081
TP5= @ 0.00000095
TP6= @ 0.00000113
TP7= @ 0.00000147
TP8= Free
There is a possibility for the beginning of an uptrend in RDDBTCTechnical analysis:
. REDDCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000048 to 0.00000041). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000048)
Ending of entry zone (0.00000041)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000057
TP2= @ 0.00000062
TP3= @ 0.00000072
TP4= @ 0.00000081
TP5= @ 0.00000095
TP6= @ 0.00000113
TP7= @ 0.00000147
TP8= Free
There is a possibility for the beginning of an uptrend in RDDBTCTechnical analysis:
. REDDCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000047 to 0.00000041). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000047)
Ending of entry zone (0.00000041)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000057
TP2= @ 0.00000062
TP3= @ 0.00000072
TP4= @ 0.00000081
TP5= @ 0.00000095
TP6= @ 0.00000113
TP7= @ 0.00000147
TP8= Free
There is a possibility for the beginning of an uptrend in RDDBTCTechnical analysis:
. REDDCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000047 to 0.00000041). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000047)
Ending of entry zone (0.00000041)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000057
TP2= @ 0.00000062
TP3= @ 0.00000072
TP4= @ 0.00000081
TP5= @ 0.00000095
TP6= @ 0.00000113
TP7= @ 0.00000147
TP8= Free
There is a possibility for the resumption of uptrend in RDDBTCTechnical analysis:
Reddcoin/Bitcoin is in a range bound and the resumption of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 58.
The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
Price is in the support zone (0.00000055 to 0.00000046), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00000055)
Ending of entry zone (0.00000046)
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 the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.00000063
TP2= @ 0.00000069
TP3= @ 0.00000074
TP4= @ 0.00000079
TP5= @ 0.00000093
TP6= @ 0.00000113
TP7= @ 0.00000133
TP8= @ 0.00000196
TP9= Free
[RDDBTC] ReddCoin Money Fractal [500%+ PP]ReddCoin (RDD) on Bittrex. The next triangle is going to be bigger… Let’s start and finish with the weekly chart above:
This is a long term chart, this view includes over 1.6 years of data.
The chart is basically self-explanatory; if RDDBTC moves up again, the potential is huge.
Below I am sharing with you a buy in price and next support. You can use the “next support” if we go lower than buy in to buy more, or as a second entry point. If the “next support” fails, then we have our stop loss. On the other hand, I am also sharing our targets, which is where you sell for profits after you buy and wait for the price to start to move up.
ReddCoin already broke out of the downtrend and is consolidating for the next move. The down trendline is marked on the chart with a red dotted line.
Now that we are out of January’s downtrend, we can get on a new uptrend…
Trade instructions for ReddCoin on Bittrex
Buy in: 50 – 56
Next support: 42 – 46
Targets for RDDBTC by Alan Masters:
Short term
(1) 63
(2) 75
(3) 83
More targets available to PREMIUM supporters.
Stop loss: Close below 38 on the weekly candle. (If you want a stronger stop loss, longer term, place it as a close below 30 on the weekly candle).
I AM LOOKING TO MAKE MONEY
Money is not only about money if about accumulating money you want to talk.
Money has many aspects, to get money you have to get your mind and body involved.
It is not only work, it is not only opportunity and luck.
It is about your mentality, your health, your desires, your wisdom and what in this life you really want.
So if you are looking to make money first focus on what the money will bring to you once it is yours.
Will this money bring happiness, freedom or allow for a change of environment or clothes?
Understand the meaning of money, to you, use that understanding to attract the feelings that you really want.
Once you know your true desires and decide that money can help you in seeking what you are…
Now you can start working for money, asking for money, attracting money…
Because deep down, you know that it isn’t money… You are aware of what you really want.
In some cases it might simply be the material things that money can purchase, but in the majority of the cases people will be looking for freedom, security, peace, tranquility, happiness and all the beautiful things that we have experienced from the first day that we were born.
Yes I am looking to make money, but money is only a tool… A tool that can be acquired with patience…
PATIENCE IS THE KEY TO IT ALL!
Namaste.
REDDCOIN: CONFIRMED REDD ID RELEASE DATE - PROFIT = 44.83% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 14th of August 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 44.83% PROFIT!
The increase in price may also be explained by positive developments including:
December 2017: ReddCoin has partnered with Local World Forwarders, the first decentralized #logistics platform in the world based on blockchain technology.
April 29: Reddcoin Core announces explatory partnership with Investaco to leverage their upcoming platform to offer Reddcoin-backed Debit Card and network of global ATMs.
June 13: LINDA announces that Redd Coin ($RDD) has joined LINDA's mobile staking platform.
June 18: Reddcoin and Phore Blockchain announce partnership to form an E-Commerce Solution.
June 19: Reddcoin announces that ReddID Beta to be released on the 1st of July.
June 19: Reddcoin announces testing of ReddID to start on June 24.
August 14: AltDex lists Reddcoin.
August 14: Kompler.exchange lists Reddcoin.
August 14: Reddcoin announces release of Red-ID in September 2018.
August 15: BiYong social network partners with Reddcoin and giving it access to millions Chinese users.
August 21: Reddcoin (RDD) Confirms Redd ID v1.0 Public Release in September 2018.
August 26: Switchain lists Reddcoin.
It is believed that a surge in volume is driven by the developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
REDDCOIN: BI-YONG - MILLIONS OF CHINESE USERS? - PROFIT = 30% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 14th of August 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 30% PROFIT!
The increase in price may also be explained by positive developments including:
December 2017: ReddCoin has partnered with Local World Forwarders, the first decentralized #logistics platform in the world based on blockchain technology.
April 29: Reddcoin Core announces explatory partnership with Investaco to leverage their upcoming platform to offer Reddcoin-backed Debit Card and network of global ATMs.
June 13: LINDA announces that Redd Coin ($RDD) has joined LINDA's mobile staking platform.
June 18: Reddcoin and Phore Blockchain announce partnership to form an E-Commerce Solution.
June 19: Reddcoin announces that ReddID Beta to be released on the 1st of July.
June 19: Reddcoin announces testing of ReddID to start on June 24.
August 14: AltDex lists Reddcoin.
August 14: Kompler.exchange lists Reddcoin.
August 14: Reddcoin announces release of Red-ID in September 2018.
August 15: BiYong social network partners with Reddcoin and giving it access to millions Chinese users.
It is believed that a surge in volume is driven by the developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
There is a possibility for the beginning of uptrend in RDDBTCTechnical analysis:
. REDDCOIN/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
. The Falling Wedge taking shape and as a bullish pattern suggest we will soon see another leg higher if price break and close above downtrend.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000064 to 0.00000050). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000064)
Ending of entry zone (0.00000050)
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 the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000074
TP2= @ 0.00000080
TP3= @ 0.00000084
TP4= @ 0.00000095
TP5= @ 0.00000106
TP6= @ 0.00000123
TP7= @ 0.00000145
TP8= @ 0.00000196
TP9= Free
REDDCOIN: PARTNERSHIPS & REDDID LAUNCH DATE - PROFIT = 36.23% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of June 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 36.23% PROFIT!!!
The increase in price may also be explained by positive developments including:
December 2017: ReddCoin has partnered with Local World Forwarders, the first decentralized #logistics platform in the world based on blockchain technology.
April 29: Reddcoin Core announces explatory partnership with Investaco to leverage their upcoming platform to offer Reddcoin-backed Debit Card and network of global ATMs.
June 13: LINDA announces that Redd Coin ($RDD) has joined LINDA's mobile staking platform.
June 18: Reddcoin and Phore Blockchain announce partnership to form an E-Commerce Solution.
This partnership will integrate Phore, which supports Phore Digital Currency(PHR), will integrate Reddcoin (RDD), enabling both PHR and RDD to be used for eCommerce.
(NEW) June 19: Reddcoin announces that ReddID Beta to be released on the 1st of July.
(NEW) June 19: Reddcoin announces testing of ReddID to start on June 24.
ReddID is name-based tipping across social networks and platforms, with all data stored safely in the blockchain. Beginning June 24, selected members of the public who have signed up for our Internal Beta test will be given access to the software and allowed to test features of the software deemed ready for release. The ReddID product is currently packaged as a Chrome Browser Extension, but will be available for Firefox and made as widely available as possible.
The price increase is the result of the positive developments outlined above and a recovery in the crypto markets.
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
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.
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.
