FCTBTC still giving very strong bullish signal, and it could be a good entry for long around the 590-605 area.
I consider this trade more risky, but probably also more rewarding.
We can see that FCTBTC touched the Fibonacci BBands (purple line) a few times already and always resumed with a selloff.
But notice that this time, FCTBTC broke it with solid volume at ,006. This could be the signal for a huge FCT rally and resumed uptrend, commoditized by news like the Accenture deal. Litteraly one tweet away.
Here are my entry for this trade;
LONG; ,00598 TP- 0,07755 0,082 0,096333 Stop at 0,00570 as safe mesure (BTC) trade reverse with short at 0,00555 TP1 ,004555
Good luck and safe trading!
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FCT have maintained itself in a uptrend channel, above 590k. The next few 4h candle should confirm the the bullish momentum. If volume go too low, we might see sideway action in the upcoming days. I do expect some good news from the Factom team trip to China. Which could trigger high trade volume.
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Bull Falling Wedge ready to complete
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Wedge tip falling right on the support line.. Confirmation should come very soon now.
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Very Critical moment for FCTBTC, Almost closed the trade. Our Bull signal are still ok and well, we have some volume now.
BTC surge affect FCTBTC, as mentioned as a breaking point...
Transakcja zakończona: osiągnięto poziom stop
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BTC have a stronger momentum and have strong pressure on FCTBTC. If this sentiment prolong itself, it might be a good short back to the 400s area. For now I'll watch how it develop itself!
Here is another view, self explanatory. This time, either the recent articles/news/Paul snow trip/ are supporting the action that take us surfing over a BTC surge wave,just before FCTBTC caught too much water.
A BULL TRAP could also be in the making on BTC, but that's another story.
Here is another view, self explanatory.
This time, either the recent articles/news/Paul snow trip/ are supporting the action that take us surfing over a BTC surge wave,just before FCTBTC caught too much water.
A BULL TRAP could also be in the making on BTC, but that's another story.
setsuna313
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I am in FCT with 0,0046 and actully targeted at leat x2 in long so looking forward to 0,009ish.
It looks like FCT has 0,0071 and 0,0082 as targets/resistance levels before 0,009x value.
Which of these TPs look possible?
Appreaciate the analysis.
Thanks.
omgosaurus
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@setsuna313, I do believe FCT will have to accumulate a piercing entry for both ,0071 and 0,0082. It's more likely to happen in the span of several days. Correction / Consolidation will probably happen between all those high resistance point.
stapi
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Thanks a lot for the updates, much appreciated, monitoring closely pending confirmation
Tstorm
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Greetings right back at ya! Thanks for sharing and I appreciate all the updates also.
Here is another view, self explanatory.
This time, either the recent articles/news/Paul snow trip/ are supporting the action that take us surfing over a BTC surge wave,just before FCTBTC caught too much water.
A BULL TRAP could also be in the making on BTC, but that's another story.