Here we have Phoenix Global (PHBBTC) which we have been waiting for a while...
This pair has been consolidating since June when the first low was hit after April's peak.
15 Satoshi continues to be our baseline and so far we are looking good as prices remain above this level.
The reason I am writing about this pair today is that I saw a challenge of EMA50 (18 satoshi/ 0.00000018) which is the most important level to look at short-term pertaining to strong bullish growth.
We also see EMA10/21 being challenged/conquered.
Now, here is the signal that gives away the fact that the consolidation period is reaching its end.
Notice PHBBTC from May printing lower lows. Now I will show you the RSI and MACD, both printing higher lows. MACD: RSI:
That's a bullish divergence. When combined with the signals we read above it makes for a strong case that it can only take a few weeks before the next bullish run.
The time period can vary wildly, we do not worry about it, we simply buy and we hold.
Patience is the key. That's my strategy.
Thanks a lot for your continued support.
Namaste.
P.S. There can always be one last strong checkout before the bullish wave becomes 100% obvious. Sometimes it is a long wick or it can take a week. We use manual stop-loss and do not worry about this.
Waiting for binance to announce redomination & this shit will pump like crazy
DanishRaja
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Great work as always. Can you please have a look at DLTBTC, please?
Alisherbey
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There are many shit coins but this one is the most interesting one ... Since Binance is it's strong investor and added it's own name to the coin. Besides, it is likely that the coin redenomination will effect the coin very positively and at the same time coin will be inherited by BSC instead of Neo which is another advantage of coin for getting skyrocketed ...