Can anyone tell regarding this Trading Chart?

Herbert2020

legendary

Activity: 1946

Merit: 1137

you can not analyze altcoins, specially when they have a small market and are working purely based on pump and dumps. so forget things such as EMA, and in general TA.

last week the pumpers picked this coin up and started accumulating it on 26th which is when the volume jump occurred and price showed some reaction which was immediately suppressed. it continued around 320 satoshi and the pump started on 28th where they pumped it up to 480 satoshi which took about 12 hours then the slow dumping began as they started taking their 50% profit out and the price came back down to 300 then 2 dead cat bounces to 340 and 350 before dying back down to current 300 satoshi again.

i don't know your entry but you started this topic during that dumping phase.
the way to trade these coins is to snipe that pumper accumulation phase that i mentioned above and then enter as the pump is beginning and getting out as soon as they stop pumping it instead of waiting around.

Harlot

hero member

Activity: 1806

Merit: 672

If you would just have provided a little bit of more information about the chart. You didn't even mention the EMAs use in your chart and aside from that you only have the volume as an indicator, you just basically provided a screenshot of ORS/BTC's price chart with really nothing on it. We cannot really tell anything just by looking at it. Technical analysis is something sensitive so you should have at least provided your own analysis so we could have tackled it properly.

DashingAgent

member

Activity: 538

Merit: 17

So many books, so little time

I am thankful to all traders helping me.

Happy trading Cheesy

DashingAgent

member

Activity: 538

Merit: 17

So many books, so little time

Quote from: MonsterV on July 31, 2019, 05:01:30 AM

From the EMA line you created, it shows both EMA lines cross on the previous 4 candles which means around 7 hours ago if you used tf 2h. So I think it will continue to go down now and see if the current candle shows a doji or not, if it is formed a doji there will be a reversal. But I just saw a chart at ORS/BTC OKEx, it shows a sideways trend, so please wait until a breakout occurs.

Quote from: voltesbit777 on July 30, 2019, 08:13:29 PM

According to the chart based on my review, the volume was ranging from 0.856BTC and the number of seller is much ahead rather than buyers, so it will continue to go down its price. Therefore, better for you to sell it now then find the other coins that listed on top in the market mate before its too late.

I think you misinformed, the OP asked about Origin Sport (ORS) and then you informed the ORS Group volume info. Based on the CMC ORS Group has a volume of about you mentioned (0.87BTC now) but the ORS Sport asked by the OP has a volume of 1,534BTC now. Well I don't think you are careful.
ORS Sport: https://coinmarketcap.com/currencies/origin-sport/
ORS Group: https://coinmarketcap.com/currencies/ors-group/

Thank you dude.

DashingAgent

member

Activity: 538

Merit: 17

So many books, so little time

Quote from: numanoid on July 30, 2019, 05:48:37 PM

Quote from: goinmerry on July 30, 2019, 04:15:33 PM

Quote from: DashingAgent on July 30, 2019, 01:28:59 PM

Hello, Can anyone tell regarding this trading chart ? What do you think about the market condition ? will it get uptrend or down trend ? or should I leave the market ?

Regards

Looking forward to your reply

An altcoin with an average of just $180 Volume in 24h and you are relyin on those chart indicators?

Those lines will not help you. If you hold that coin be a whale and control their market.

Based on here it said if ORS has at least $8million as their volume.

@OP, as you can see the line is crossed, that's mean the price will be in downtren for the moment, don't buy that token atm, just wait a little longer until it stable and you can try to buy some after that.

Thats OK. Thank you for helping

DashingAgent

member

Activity: 538

Merit: 17

So many books, so little time

Quote from: sockpuppet1911 on July 30, 2019, 03:10:48 PM

Quote from: DashingAgent on July 30, 2019, 01:28:59 PM

Hello, Can anyone tell regarding this trading chart ? What do you think about the market condition ? will it get uptrend or down trend ? or should I leave the market ?

Regards

Looking forward to your reply

https://i.imgur.com/zZWujCS.png
*snipped the picture off*

Next time link to the real chart. That tiny picture gives really vague and fixed picture of the markets.

Thank you. I will care next time

DashingAgent

member

Activity: 538

Merit: 17

So many books, so little time

Quote from: JeromeTash on July 30, 2019, 02:55:20 PM

It's a down trend. But EMA isn't conclusive enough since it's reaction lags behind the price movement. May you should try checking the RSI and bollinger bands

Thank you

MonsterV

legendary

Activity: 2212

Merit: 1008

From the EMA line you created, it shows both EMA lines cross on the previous 4 candles which means around 7 hours ago if you used tf 2h. So I think it will continue to go down now and see if the current candle shows a doji or not, if it is formed a doji there will be a reversal. But I just saw a chart at ORS/BTC OKEx, it shows a sideways trend, so please wait until a breakout occurs.

Quote from: voltesbit777 on July 30, 2019, 08:13:29 PM

According to the chart based on my review, the volume was ranging from 0.856BTC and the number of seller is much ahead rather than buyers, so it will continue to go down its price. Therefore, better for you to sell it now then find the other coins that listed on top in the market mate before its too late.

I think you misinformed, the OP asked about Origin Sport (ORS) and then you informed the ORS Group volume info. Based on the CMC ORS Group has a volume of about you mentioned (0.87BTC now) but the ORS Sport asked by the OP has a volume of 1,534BTC now. Well I don't think you are careful.
ORS Sport: https://coinmarketcap.com/currencies/origin-sport/
ORS Group: https://coinmarketcap.com/currencies/ors-group/

voltesbit777

sr. member

Activity: 910

Merit: 251

Quote from: DashingAgent on July 30, 2019, 01:28:59 PM

Hello, Can anyone tell regarding this trading chart ? What do you think about the market condition ? will it get uptrend or down trend ? or should I leave the market ?

Regards

Looking forward to your reply

According to the chart based on my review, the volume was ranging from 0.856BTC and the number of seller is much ahead rather than buyers, so it will continue to go down its price. Therefore, better for you to sell it now then find the other coins that listed on top in the market mate before its too late.

jhongzjhong

full member

Activity: 798

Merit: 109

https://bmy.guide

That is still unpredictable IMO. But I saw that the line was dropping and for sure that coin going to a downtrend situation which not good for investing unless we can see the stability of that coin for a while. I don't know the real concept of that coin in the market since that is not very well known coin. Do your own research about that if you are going to invest, what if doing downtrend they can't recover the situation or more worst they become shitcoin.

numanoid

legendary

Activity: 1890

Merit: 1148

Quote from: goinmerry on July 30, 2019, 04:15:33 PM

Quote from: DashingAgent on July 30, 2019, 01:28:59 PM

Hello, Can anyone tell regarding this trading chart ? What do you think about the market condition ? will it get uptrend or down trend ? or should I leave the market ?

Regards

Looking forward to your reply

An altcoin with an average of just $180 Volume in 24h and you are relyin on those chart indicators?

Those lines will not help you. If you hold that coin be a whale and control their market.

Based on here it said if ORS has at least $8million as their volume.

@OP, as you can see the line is crossed, that's mean the price will be in downtren for the moment, don't buy that token atm, just wait a little longer until it stable and you can try to buy some after that.

senyorito123

hero member

Activity: 1764

Merit: 505

#SWGT PRE-SALE IS LIVE

Quote from: Juse14 on July 30, 2019, 01:35:52 PM

Not a fan of TA.

But based on your image, basically went the line already crossed you should already leave the market. I will not advice you to out/buy, would good if you make thats decision by yourself not other people.

This isn't a good trend for him to pursue trading on this market, and as you can see the percentage of sellers is more compared to those who buy. But, if he want to risk a good try never put all funds on this, but rather buy some quantities if in doubt that this coins will recover at higher value soon.

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: DashingAgent on July 30, 2019, 01:28:59 PM

Hello, Can anyone tell regarding this trading chart ? What do you think about the market condition ? will it get uptrend or down trend ? or should I leave the market ?

Regards

Looking forward to your reply

An altcoin with an average of just $180 Volume in 24h and you are relyin on those chart indicators?

Those lines will not help you. If you hold that coin be a whale and control their market.

sockpuppet1911

sr. member

Activity: 994

Merit: 278

Quote from: DashingAgent on July 30, 2019, 01:28:59 PM

Hello, Can anyone tell regarding this trading chart ? What do you think about the market condition ? will it get uptrend or down trend ? or should I leave the market ?

Regards

Looking forward to your reply

https://i.imgur.com/zZWujCS.png
*snipped the picture off*

Next time link to the real chart. That tiny picture gives really vague and fixed picture of the markets.

JeromeTash

legendary

Activity: 2338

Merit: 1261

Heisenberg

It's a down trend. But EMA isn't conclusive enough since it's reaction lags behind the price movement. May you should try checking the RSI and bollinger bands

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: DashingAgent on July 30, 2019, 01:28:59 PM

Hello, Can anyone tell regarding this trading chart ? What do you think about the market condition ? will it get uptrend or down trend ? or should I leave the market?

What do mean by the market condition here?

The effect of it on the ORS/BTC pair as shared on the image or the whole market in general (BTC to USD correlations)?

Quote from: DashingAgent on July 30, 2019, 01:40:17 PM

I just listened from someone that when EMA crossed in downtrend then market rise in uptrend ? is it right or when EMA crossed in uptrend then market gets the uptrend momentum ?

Not all coins are applicable to a certain technical analysis in general. The trading pair on the image doesn't really react to the current market condition. Since it's a low cap coin, someone or some groups is playing with the volume. Can't check other contents to view the orders as it requires a login.

DashingAgent

member

Activity: 538

Merit: 17

So many books, so little time

Quote from: Juse14 on July 30, 2019, 01:35:52 PM

Not a fan of TA.

But based on your image, basically went the line already crossed you should already leave the market. I will not advice you to out/buy, would good if you make thats decision by yourself not other people.

I just listened from someone that when EMA crossed in downtrend then market rise in uptrend ? is it right or when EMA crossed in uptrend then market gets the uptrend momentum ?

Juse14

sr. member

Activity: 1106

Merit: 398

Duelbits

Not a fan of TA.

But based on your image, basically went the line already crossed you should already leave the market. I will not advice you to out/buy, would good if you make thats decision by yourself not other people.

DashingAgent

member

Activity: 538

Merit: 17

So many books, so little time

Hello, Can anyone tell regarding this trading chart ? What do you think about the market condition ? will it get uptrend or down trend ? or should I leave the market ?

Regards

Looking forward to your reply

Topic: Can anyone tell regarding this Trading Chart? (Read 230 times)