This is not financial advice. I am a rookie trader (please ignore the "pro" mark). I'm hugely bullish on Aventus. I bought a bunch.
WHY BUY? It broke out of a bearish Fib. circle set some days ago and got that pushing it up. It is soon hopefully gong to break out of a giant bearish Fib. circle set (upwards). It has some great circular symmetry with the mid size circle set that is bullish and is in the bottom of that. Everything will in in a symphony push the price up together to the moon.
Looking at the AventusBitcoin ratio we find some great symmetry and potential for a rise (ratio chart below). Everything is looking awesome.
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Zoomed out:
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Aventus is in 334 place in coinmarketcap with a tiny $30 363 840 market cap.
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Resistances are sliced up like a hot knife through butter.
Pretty sure there's a bottom at $5.5 (but I'm a rookie noob trader so I could be wrong)
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Beautiful. It's at my sweet little bottom now. Let's see what happens now. :) Put on your seatbelts, things will speed up.
Only changed the opacity of the circle sets to emphasize the most important one. Nothing has been moved or changed. Removed some trendlines that are redundant.
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Moved the giant fibonacci because I wasn't happy with it. Added a railroad of fat black trend lines. I'm changing the target to $45 but I actually think it can go much higher than that. Just trying to have a reasonable target, and where the rail road meet is sensible to use as a target.
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Zoomed in:
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Buying opportunity.
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Now at $5.26
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When I said that I was hugely bullish about AVT I wasn't joking. This is the reason (besides lazyness) that I don't do margin trading (see how low the price is). I'm still hugely bullish on AVT. Just look at the AVT/BTC chart... Can you see the upside potential?
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AVTBITCOIN ratio is still looking beautiful. :)
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Once again, this is why I don't use stops. Look how low it crashed ealrier...
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Pfft... Look at those flash crashes coming in AVT. Well, get rid of those weak day-trader hands... Kill those stops! You can do it again, c'mon!
Haven't shared AVTUSD chart for a while. The reason is that I've been moving around Fibonacci circle sets a bit, to adjust to the new "crashy" circumstances. I'm still very bullish. Just look at the AVTBTC chart i the previous comment.
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Not proud of moving them, it's weak but have to do a new analysis since the bad days. I strive to not touch anything...
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By "weak" I mean it's not optimal to move the Fib's around. That's not supposed to be the case in a good analysis.
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Soon (if it explodes up), we can look from this more simplistic perspective. Simplicity is almost always good.
Look the ratio chart is trying to shape a bottom...
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AVTETH shows potential for a large rise...
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Didn't sell. Still bullish. Could take a while for it to go up.
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Redid the chart again. It's a shame that I had to do that but shameful stuff happen. I'll comment with targets later if it decides to go up.
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Ok final setup :)
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Removed some trendlines that are old. Added some cool Fibonacci spirals.
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Still looks good. Before the end of February I suspect AVT will be on a completely different level.
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I think this goes to $3.5 any day now.
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Hello, look at this failure analysis a second time. I like this chart so I have to post it.
Bytheway, I stopped using stops. I see no need for them.
UncannyDeduction
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Having a stop is more of a risk, since you can get stomped out of a trade you're actually confident it. I don't like that. The volatility is forcing out the weak hands, and brings in some new fresh bulls with an idea of a higher price.
(this and the comment above is not financial advice. It's just my personal opinions not meant to be taken seriously. Having no stops is a big risk, especially if you do margin trading)
UncannyDeduction
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@LogicalDeduction, Don't use this Occultmagnetism method and margin trading. They don't jam together.
bobmarley22
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@LogicalDeduction, 'but I'm a rookie noob trader so I could be wrong' from now on everytime I see that I'm going to assume the absolute opposite
UncannyDeduction
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@bobmarley22, I just have a different perspective. I have almost no knowledge in trading theory. My perspective could be incorrect.
UncannyDeduction
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@bobmarley22, The fact that it's actually working and is practically independent of time is laughable, and questions the very rational and logical cause-and-effect concept. Significant claims requires significant proof. How can I ever prove or deduct that the future is affecting the past and current time. Maybe we live in a simulation where everything needs to be stored in an efficient way (since the computer it runs on is limited in specs). I've been thinking a bit about the optimized memory management of our simulation has the side-effect of a kind of buggy cause-and-effect.
bobmarley22
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@LogicalDeduction, With fib somehow being applied and used literally everywhere in the universe, it does make a lot of sense from how you take full advantage of it and link it to your (very philisophical) thoughts about the possibility that it correlates to a sort of constant function within 'our' simulation. That's some next level thinking dude, respect :)
FXtrai66
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@LogicalDeduction, in the summer the stoploss bothers me a lot, since I do not use them I am happier hehe