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Metal

My $1k to $100k Challenge: Day 43 - Trade #46 MTLHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by day trading altcoins. I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile. After 43 days and 44 completed trades: Wins: 19 Loss: 25 Balance: 0.1541 B USD: $ 1034 *Some trades may be pending and not yet included in my stats There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow. CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge. If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart. Alright, here we go with Day 44 trade #46 I invested 0.072 B into MTL. I bought 722.89 @ 996 satoshi My Sell targets are: T1: 1044 5% T2: 1093 10% T3: 1144 15% I will sell 33% at each target. After a target is hit, that will become my new SL. SL: 919 In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all. I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey. Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
Long
by redking75
4
Gold 1H view indicating a push towards $1220 ?Gold had push through initial short term resistance around 1199/1200 levels yesterday, before pulling back lower. The yellow metal seems to have broken below a short term support trend line but it could still find support from the current levels around $1189/90. Also note that prices are right at the fibonacci 0.382 support of the rally between $1160 through $1200/02 respectively. Furthermore, the hourly wave counts are probably indicating of a potential impulse formation, and that prices could be close to wave 4 termination. If this structure holds well, we could see yet another push higher through $1215/20 region, before a meaningful correction could begin. Also note that fibonacci 0.618 extension of waves 1 through 3 is seen at $1215 levels, indicating a potential push higher. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:GOLDLong
by FXTM
Another Target hit. No risks now. Await for break out.TP = 1,201 and the 1,196.20 extension hit, as the 4H Falling Wedge aggressively broke to the downside (oversold RSI = 20.705, STOCHRSI = 0.000, Williams = -96.604) since DX broke 96.50 and is currently steadily trading near 96.70. A new 1D Channel Down has emerged on Gold (oversold RSI = 24.320, MACD = -11.440, Highs/Lows = -19.1835, B/BP = -32.8780), which can extend as low as 1,175 if USDCNY seeks its own Monthly Resistance at 6.9651. In any case we will now follow a break-out confirmation strategy in order to limit the risk. If 1,175 breaks then we will short (TP = 1,150). If 1,208 breaks then we will long (TP = 1,222). Anything in between is a grey zone (no man's land).
FX:XAUUSD
by InvestingScope
Target hit again. Waiting for short continuation confirmation.TP = 1,213.78 hit as the 4H Falling Wedge (RSI = 38.425, MACD = -1.870, Highs/Lows = -2.1478, B/BP = -6.9280) slowly declined to make a near test of the 1,211.40 annual low. We are on a critical point now where this Falling Wedge meets the line of the Descending Triangle. A break-out of the annual low will test the July 2017 low = 1,208.70 and the March 2017 contact point = 1,196.20. A rejection will see the price bouncing to at least 1,222.08. According to the 1D bearish Channel (Highs/Lows = -2.4814, MACD = -10.380), it is more likely to het a new Lower Low, so we are going short on the break - out point, TP = 1,208 and if broken even marginally we will extend it to 1,200. The fundamental catalyst will probably be Friday's Nonfarm Payrolls.
FX:XAUUSDShort
by InvestingScope
2
MTL/BTC What about alts?MTL at the moment broke falling wedge, and now is forming 2 figures: a bull flag, with the future transformation into a bearish flag, which will give MTL impulse for correction, to the newly formed support located in the area 34k sats. up to 40k sats., which is not strong enough to keep a large sales flow, so I advise you to leave a stop loss, which we also revealed using the ATR oscillator. When MTL will start falling, we will monitor it's behaviour, namely, the oscillators RSI and Stoch. RSI. A favorable outcome described on the chart, where by RSI I indicated the next bottom, and on Stoch. RSI approximate trajectory. The Sell Zone determined combining levels of Fibo. and got the following goals: 48k-51k-55k sats. What about fundamental: The thing is that there are no interesting events on this platform, but maybe I'm missing something, so I'm waiting fans in comments! Therefore, we conclude that this currency is not as promising as many others, which is obvious. The idea was published for asset holders.
Long
by BillCharison
3
MTL/USD QUADRUPLE BOTTOM WOAH Long AF on this thing. Being that MetalPay will be a fiat gateway for crypto, there has been lots of speculation that whatever entity/MM controls the liquidity of Metal, certainly measures their spread in USD; thus it is more accurate and insightful to weigh Metal against USD than BTC. Renko chart to eliminate volume noise to simplify chart Clearly price is about to spring board out of this channel, only a matter of when. I expect big FA catalysts to occur at any moment this summer, which could easily push MTL to new all-time highs. Marshall Hayner is clutch, Richard Branson is clutch, something something Facebook....
BINANCE:MTLUSD
by deathtofiat
Platinum / USD Wyckoffian AccumulationPlatinum testing lows from the recession. I highly doubt it breaks those levels unless there's something special about the platinum market that I'm unaware of. It's showing signs of Wyckoffian Accumulation, so I'd look for it to go sideways for a couple of weeks. It's currently at the bottom of the TR (Trading Range) looking as if it's testing for any additional supply in the market. If it fails to supply demand, we should see a ST (Secondary Test) towards the top of the range to further define a zone of resistance.
OANDA:XPTUSD
by AzorAhai06
METAL MTL ----Not done yet!---Hello all, hope you are all having a great day! Markets are starting to turn bullish, especially alt coins! Lots of alt coins have have started breaking out or have broken out from their accumulation levels. MTL was one that has been in accumulation for many long months, and has finally broken out of its tight consolidation... I see a bullish 20/50 day crossover on the daily which has confirmed an uptrend break! Also, all ichimoku resistances have been cleared (I did not add ichi to keep the chart less cluttered)...I am currently seeing two major hurdles for METAL.. 72k sats which is the first target to take profit zone...horizontal resistance... 82k sats which will be the .618 FIB resistance. Still clear for much more room for growth, but we are looking at a 40% gain! from 59k sats. I got in at 52k sats so this is a short-mid term swing for me. I hope I have helped you give a clearer picture. I will update the chart in case something else changes, or if targets can be moved up! Thank you all, Alfredo
by UnknownUnicorn1121585
8
#MTLBTC #cryptocurrency steadily trending up, ready for a swinghigher. Excellent risk/reward levels of 1:4, 1:6, and 1:8 in a well defined channel up. Hasn't been affected by the recent pumps in many other tokens and may not be on many radars. While the daily volume looks good, if you look at shorter time frames like the 4 hour chart, you'll notice some odd behavior here in the volume, which you don't see on other exchanges. Not sure what it's caused from since it's only an observation right now. Choppy volume: Either way, good entry here, possibly add at the trend line test.
Long
by JustChartThings