We aim high for Binance coins, as those that are taking off big time are going all the way. And those that are slow are still doing pretty good.
So we aim for quick profits short term, 50-100% several weeks/months, and aim higher longer term. After we reach several targets the price tends to go down, there we have plenty of time to rebuy and reload; plenty of time, so you get a second round at every single trade and add additional gains.
So when you sell on target, take it easy and wait patiently until the next opportunity comes.
Namaste.
Today for you I have YOYOW’ (YOYOBTC’), and we are going straight to the charts.
Let’s start with the daily:
YOYOW’ has created what is called a “double bottom”. A low point was hit once on the 14th August and then again on the 12th September. After the bottom was hit a second time, YOYOBTC’ started to go up.
It went up in price 100% until it touched EMA100 (blue line) and retraced. Now YOYOW’ is loading up to try again. As soon as EMA100 is broken, we can start another move up… That’s the entertaining part, that’s when the profits come.
MACD and RSI are both on the bullish zone and STOCH is curving up.
We are now trading above EMA10 and EMA50, with a good increase in volume after a retrace… I am getting signals that YOYOW’ will try soon to move up again.
So let’s get started… Oh no wait, let’s look at the weekly first…
Weekly chart:
This is now a standard chart for us, this is how most Binance altcoins look and many more in the market.
Let’s start with the indicators. We are coming out of oversold on the RSI.
The STOCH is building up slowly, with a “buy” signal.
There is a very strong bullish crossover on the MACD, and changing volume (red to green).
We are now trading above EMA10 for the first time since May.
And finally, we have a huge increase in volume.
So let’s get started… Let’s trade!
YOYOW’ Trade instructions by Alan Masters
Buy in:
(1) 460 – 490 (2) 400 – 430
Next support: 350 (This is the lowest we go buying before we start looking at our stop loss; if prices move down. If not we use our first buy in).
YOYOBTC’ Targets:
(1) 550 (2) 640 (3) 780 (4) 870
Stop loss: Close weekly candle below 290.
Capital allocation: <5%.
THE LIFE OF THE PARTY
It can be any day now.
It comes out of nowhere…
In your feelings you have to trust…
It is asking for your permission.
Your body wants to move on its own.
It is the time to let go…
A time for relaxation.
… The life of the party …
Relaxation is the moment when your Soul takes control.
Namaste.
Nota
Weekly chart:
Nota
Avg buy in: 475. We hit our first target for YOYOW, enjoy the profits.
YOYOBTC’ Targets:
(1) 550 - Target hit 26-Oct. (+16%) (2) 640 - Next target (3) 780 (4) 870
Nota
Avg buy in: 475.
EMA100 now conquered (blue line), EMA200 (orange) next.
YOYOBTC’ Targets:
(1) 550 - Target hit 26-Oct. (+16%) (2) 640 - Target hit 30-Oct. (+34%) (3) 780 - Next target. (4) 870
Enjoy the profits.
Namaste.
Nota
YOYOBTC’ Targets:
(1) 550 - Target hit 26-Oct. (+16%) (2) 640 - Target hit 30-Oct. (+34%) (3) 780 – Target hit 2-Nov. @755 (+63%) (4) 870 - Next target.
Nota
We are doing good here, just enjoying the profits.
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