SpartaBTC

HOT 2 months laterally clamped. Perhaps a set of positions

BINANCE:HOTBTC   None
About 2 months, the coin moves in a lateral movement of 7-9 satoshi. Perhaps a major player is gaining ground.
The purchase area is 7-9 satosh.
Stop Loss Below is 7 Satoshi.
Sales goals - 16,23,30,38,44 You need to understand that the goals are conditional, the orientation during the movement is no longer on schedule, but on orders in the order book and in the purchase-sale ribbon. The coin is completely manipulative. There is the presence of a major player.

About Coin
Holochain (HOT) is a decentralized application platform that uses peer-to-peer networks to process agent-based agreements and consensus mechanisms between users. In Holochain, true global consensus is not supported. Instead, each agent in a public blockchain maintains a private branch, which is managed and stored in a limited way in a public blockchain with a distributed hash table. This allows each device on the network to function independently and requires data synchronization only when necessary or agreed by users. This can lead to greater scalability for applications hosted on Holochain. The Holo ecosystem relies on hosts that provide processing and storage for distributed applications while earning repayable loans. Holochain Dapps can be developed using JavaScript or Lisp with support for front-end systems using CSS , HTML and JavaScript.
Comment: +87%
Comment: HOT / BTC The price after leaving the position-gain zone made + 87%. It rolled back and now a symmetrical triangle is forming. Figure working out potential + 47% It coincides with the first resistance. Price near the trend fracture zone, near the downtrend line. Perhaps we will soon after this lateral movement see a new uptrend, which is only now in its infancy.
It is important that the price breaks the downtrend line and consolidates above it.

The entry is at the breakout of the pattern and hence the downtrend. It is possible to enter at the rollback, if there is confirmation of consolidation above the downtrend line, it depends on who is trading.

The first target is the zone in the area where the triangle is worked out and the first resistance is + 40-50%. Further on the situation.
Also, one should not exclude the option of a price return under adverse market conditions in general to the previous zone of price retention by a major player.

Other sales targets for this coin.
You need to understand that this is a pump coin with satoshny% of the price move, and therefore in such coins pump can be hundreds of percent and pulses. After all, only for this they were created independently of the legend of the project.

The coin is very manipulative and monopolistic work is clearly traced. But sooner or later, the “big player” needs to wake up from the downtrend, because unlike the “believing hamsters” he needs real money, and not the “electronic code of a promising project”.
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Comments

Very good analysis
Reply
SpartaBTC AgainAndAgain
@AgainAndAgain, Thank you very much.
Reply
Thank you for your contribution.
What do you think in generally about this coin?
Good or pump and dump coin?
Reply
@mikac, The situation is not straightforward. On the one hand, the price is clamped for 2 months at the historical lowest level. On the other hand there is where to fall.
Reply
@mikac, se Stop Loss, or enter the market when the trend changes.
+1 Reply
mikac SpartaBTC
@SpartaBTC, thanks.
Reply
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