Remember Ren (RENBTC)? This little gem generated us over 111% profits on our last trade on Binance, and the charts are getting ready for a second run.
You can see our previous trade here for results and additional details:
RENBTC has removed all gains from its last bullish wave and is looking to create a double bottom.
Our last entry recommendation was around 420 - 460 satoshis, the current price at the time of this writing is 423 satoshis, showing that RENBTC is reaching support and preparing for a second run.
All the details are marked on the chart:
All targets on the main chart.
Weekly close below bottom dashed line is our stop loss.
Feel free to hit like now.
It can take several months for this trade to fully develop.
@arasbr, Correct, thanks a lot for the update, appreciated.
rhasan1987
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Hi Alanmasters, can you do an analysis for ENJ please?
moorbles
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Pretty much all alts are getting smashed by BTC's run right now, and with there likely being rejection and a retrace coming from the high 5k territory (before another move up and crack at that level), most alts will get smashed on the dump too, and then subsequent run back up, no?
Is the safest play right now to simply reload on BTC for fiat on the almost inevitable initial retrace?
I've been getting repeatedly stopped out on my smaller alt trades in April. Best thing to do for now seems to be to sit tight on my bigger alt bags and pass up the smaller trades.
AlanSantana
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@mattgarbutt, Or wait for them to complete their retrace and buy at support, sell on target.
This might be different but there is the possibility of Altcoins moving up while BTC moves down. If this happens the bull market is confirmed for me.