Long
$CMTBTC ascending triangle
Breakout and closed 4H candle on decent volume.
Measured move is at 2715 so at that point i would sell half my position. I would let the rest of the position ride on a 1H 50 period SMA.
Stop is at the beginning of the 4H breakout candle (2371)
Bitcoin is doing nothing at the moment which would be a positive sign for any potential alt coin moves.
Measured move is at 2715 so at that point i would sell half my position. I would let the rest of the position ride on a 1H 50 period SMA.
Stop is at the beginning of the 4H breakout candle (2371)
Bitcoin is doing nothing at the moment which would be a positive sign for any potential alt coin moves.
Note
Taking half my position of here since the target of the measured move got hit exactly at 2715Trade closed: target reached
Selling rest since its starting to go parabolic
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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.