This is done at the request of one of our readers... It is my pleasure to comply.
This is the SALTBTC Chart on Huobi.
You can see the Fib. targets (grey and orange lines with numbers to the right side). These levels/prices are where SALTBTC will find resistance on the way up (if it moves up).
The blue dashed line is the main support on the way down (if it moves...
So, last 2 days bears trying to push under 950 satoshis, but can't do it as bulls buy from this level, expecting some gains soon to 1400 level. Keep your stop around 950 satoshis. Good Luck.
Divergence on RSI and double bottom on 4h.
The unexpected Binance delisting was crippling to SALT's price, but the only reasoning was regarding the $50mil they raised for their ICO. However, I believe they will be relisted on Binance again especially before the next bull run because when that happens people will be fleeing the taxman to cash in all their crypto gains. And if any of you are as optimistic...
As you already know, SALT will be delisted from Binance and it dropped significantly since the announcement! But, there is a great chance that the price will revers from this point.
Let's take a look at the chart above:
- The RSI is oversold, and if we look back on the chart, the price always bounced from that point.
- There is a possible Three Drives Pattern...
With the upcoming news that #binance is going to delist SALT, there is a possibility that the price will go lower!
But, that is not the end for SALT! It is still available in a lot of great exchanges ( bittrex, huobi, OKEx... etc)
If that happens, and the support will reject the price back up... a three drives pattern will be formed and then... SALT is going to...
Another handful of coins gets delisted on Binance. The vast majority of volume for SALT is on Binance so this is not a good situation for future liquidity.
Will we get an exit pump before the 22nd...
Risk to reward 0.85
Low volume sell off.
Sell @590-597 @ 8 day moving average. Next target is 13 day moving average.
RSI support formed from 06 of February. Potential bounce zone.
MACD histogram ticking up while price going down.
Trade: Salt (SALTBTC)
Buy: 0.0000610 – 0.0000650
Stop loss: Close daily below 0.0000500.
I am sharing my SALTBTC trade at the request of one of our amazing followers.
Enjoy the profits as they come.
The Future Is Now (29-Dec-2017)
Today I went to the future, to see what it was like.