FCT Resumption Idea.
Updated
Hi guys,
Here an idea I feel comfortable enough to share!
FCTBTC is on the act of a prolonged bullish activity for the last few days and offer a interesting RIsk/Reward trade opportunity.
The surge of BTCUSD and the FOMO surrounding BCH have been the major factor in the recent drop and could also play a part in this bullish run.
This idea will look into the resumption of the long-term uptrend, which have not been broken yet.
Short term, We have another pennant forming, Which I expect, could send us right back to the top of this thigh channel, around .00622 BTC(18%). Stop lost set around the .00490 area, Where I believe the recent uptrend channel gets broken.
Long Term, FCT is extremely bullish by nature and since these low prices have bottomed a few times already, it could be the best entry to been seen for the next fews months. TP for long term would be .0077 | .009866 | .01222. Stop limit rather close at ,00450 , as if BTC rally to new ATH, it's the maximum risk I want to take.
Happy and safe trading everyone !
Sincerely,
Here an idea I feel comfortable enough to share!
FCTBTC is on the act of a prolonged bullish activity for the last few days and offer a interesting RIsk/Reward trade opportunity.
The surge of BTCUSD and the FOMO surrounding BCH have been the major factor in the recent drop and could also play a part in this bullish run.
This idea will look into the resumption of the long-term uptrend, which have not been broken yet.
Short term, We have another pennant forming, Which I expect, could send us right back to the top of this thigh channel, around .00622 BTC(18%). Stop lost set around the .00490 area, Where I believe the recent uptrend channel gets broken.
Long Term, FCT is extremely bullish by nature and since these low prices have bottomed a few times already, it could be the best entry to been seen for the next fews months. TP for long term would be .0077 | .009866 | .01222. Stop limit rather close at ,00450 , as if BTC rally to new ATH, it's the maximum risk I want to take.
Happy and safe trading everyone !
Sincerely,
Note
Note
Trade active
.00517888Note
Bullish Pennant completed!Next pole incoming?
This news might add to the strong bullish sentiment.
accenture.com/us-en/insight-outlook-executives-guide-to-blockchain
Trade closed: target reached
Trade fully completed! +18% Target reachedFCT remain extremely bullish, and as Stated, this new area (0.006) might be the new floor for a certain time, as FCT trying for new high.
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