After a short but steady rise in the value of antshares since last week Friday, we have noticed an inevitable correction from the start of the weekend.
I have noticed that many people have been asking when would be the best time to take advantage of this correction to buy. So I made it my mission to find out.
There is no doubt that the best time to buy will be before the end of the weekend, since most people trade only during business days, in fact we can easily notice this from the antshares chart by looking at the times at which highs have been created (around 1.00 o' clock UTC + 2 ). This is due to the fact that the Chinese have the biggest market share in antshares and thus have the biggest influence on them (the Chinese own around 70 % of the market according to coinmarketcap.com). This is a really important piece of info as we can more or less determine just by using time when we will experience the change in direction of a trend. In fact we could say that most of the lowest lows occur at 18:00 (UTC + 2) and that the highest highs occur between 00:00 - 02:00 (UTC +2). This info may change during time as the Chinese market share in antshares is bound to change.
What's more is that 1:00 (UTC + 2) the only time that the 3 biggest share holders (China, USA & Europe) can trade together.
chart:
- horizontal light green -> 61% finbonacci, retracement
- horizontal light blue -> 50 inbonacci, retracement
- green arrows -> highest highs @ 1:00
- pink arrow -> trend change @ 18:00
- purple
Another important piece of information are the lines of the Fibonacci retracement. This is a tool so often used in trading, that although there is no proof of it actually working, the wide use of it make the lines of the retracement is very useful (great support lines).
If we look at the image above we can see that the 61 % line intersects with the trend line at exactly 18:00 (UTC + 2) meaning that a change in the trend is bound to happen at that time; since the 61% Fibonacci retracement line is a very strong support line.
Furthermore, we can see that the RSI (relative strength index) is indicating an overbought market, meaning that a substantial uptrend is imminent.
There are other indicators indicating the same uptrend soon. (MACD, Bollinger bands...)
I would recommend buying Antshares just before 18:00 (UTC + 2) before the beginning of an uptrend.
However and whenever you spend antshares you should still make a profit in the long run, since prices are really good considering that many people believe that antshares will reach at least $600 / coin in a few years. (maybe even 1000!!!)
What do you think, will you be buying antshares @ 18:00 this evening? Please leave a comment and upvote!
This article is for educational reasons only, I will not be held responsible for trading losses.