DCR/BTC Trading Plan
Updated
TRADING STRATEGIC
DCRBTC
Chart Analysis:
-Chart Time frame: 1D
-Time Frame: 3D
I have been observing this coin over days, slowly but surely has been growing upward momentum, forming a ascending triangle. It also has formed several upper long wicks which can be interpreted as strong rejection or buying power vs small liquidity, meaning players are getting in to the game. another perspective of this formation can be a bearish flag. Either one, I am expecting a bullish breakout of this ascending triangle in the coming 3 -5 days but having in mind that we are in a bear market therefore I have set a tight mental stop loss.
Indicators:
-RSI: coming out from Oversold area.
-StockRSI: looking like is starting to come from oversold towards overbought.
-MA: we got some Golden Crosses at lower time frames, however we are about to get a significant golden cross in the 6H chart.
-MACD: Short EMA has crossed over Long this is a good buying signal, and Histogram is moving Upwards. Its significant because we haven't got a buy signal since beginning of November.
-TD sequential has reset from a red 9 and now start from today a green 1.
TRADE MANAGEMENT:
Trade entry: 0.005000
Stop Loss: 0.004950
-Targets:
-Risks/Rewards:
-Risk/Reward Ratio: 6.34
DCRBTCChart Analysis:
-Chart Time frame: 1D
-Time Frame: 3D
I have been observing this coin over days, slowly but surely has been growing upward momentum, forming a ascending triangle. It also has formed several upper long wicks which can be interpreted as strong rejection or buying power vs small liquidity, meaning players are getting in to the game. another perspective of this formation can be a bearish flag. Either one, I am expecting a bullish breakout of this ascending triangle in the coming 3 -5 days but having in mind that we are in a bear market therefore I have set a tight mental stop loss.
Indicators:
-RSI: coming out from Oversold area.
-StockRSI: looking like is starting to come from oversold towards overbought.
-MA: we got some Golden Crosses at lower time frames, however we are about to get a significant golden cross in the 6H chart.
-MACD: Short EMA has crossed over Long this is a good buying signal, and Histogram is moving Upwards. Its significant because we haven't got a buy signal since beginning of November.
-TD sequential has reset from a red 9 and now start from today a green 1.
TRADE MANAGEMENT:
Trade entry: 0.005000
Stop Loss: 0.004950
-Targets:
- Mercury: 0.005236
- Venus: 0.005370
-Risks/Rewards:
-Risk/Reward Ratio: 6.34
Trade closed: target reached
First Target reach: MercuryTrade closed: target reached
Second target reached: Venus
Trade closed manually
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