BTCM Long on Kumo Breakout (1D)
Updated
Feeney Factor algo confirmation alongside a daily breakout of Kumo.
Enter trade on 9/1 after price closed above horizontal resistance of $9.38. Anticipating a kumo breakout which would quickly become support.
Enter trade on 9/1 after price closed above horizontal resistance of $9.38. Anticipating a kumo breakout which would quickly become support.
- White vertical horizontal is measured from previous move. Then, matched vertically to measure a 1:1 move. Price target is just shy of that 1:1 measurement.
- Stop Loss: $7.70
SL is just shy of conversion line + .382 Fib. Will adjust as price moves through each resistance.
Trade closed manually
Closed 12.12Target Hit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.