Factom Breakout Continuation soon to confirm.

Greeting again,

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!

Note

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.

Note

Bull Falling Wedge ready to complete

Note

Wedge tip falling right on the support line.. Confirmation should come very soon now.

Note

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...

Trade closed: stop reached

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!

Trade active

V Shape formed - Might be safe to hold already!!

Also, great news just fall!
mba.org/publications/insights/articles/current-issue/need-a-neutral-third-party-that-can-really-be-trusted-try-blockchain?_zs=ptnwB1&_zl=0BHx3

tradingview.com/chart/JBXnrCI1/

Note

FCT is now right back at the initial trendline.

Also, a news is released on OraclesTimes
oracletimes.com/2017/08/22/building-a-more-transparent-world-the-meteoric-rise-of-factom-fct/

Note

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.

omgosaurus

Related publications

FCT Resumption Idea.

by omgosaurus

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