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ONT/BTC Bullish Trade Idea.
Ontology / Bitcoin
Long
ONT/BTC Bullish Trade Idea.
By Snowshine
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Dec 26, 2019
5
Dec 26, 2019
Hi everyone,
Today I'm sharing with you my
ONT/BTC
idea.
The setup is very nice, but altcoins are kinda risky at the moment.
(BTC Dominance is high.).
ONT is testing an old support zone, and the price bounced violently(fibo 88.6) there last time, I'm expecting the same reaction again.
My Prometheus indicator is telling me that momentum is rising, and a bullish cycle might come soon. (Aka The market is seeing this support.)
Entry ~ 690 -710 = Support zone
TP 1 ~ 965 = POC/probably a lot of buyers trapped
TP 2 ~ 1645 = Huge Resistance there/buyer trapped
SL ~ 623 = below support zone
Of course, as usual, BTC can ruins the party, so be careful
Happy holidays everyone!
Technical Indicators
ONTBTC
ontology
trade
Trend Analysis
Snowshine
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