Updated
POTCOIN - BTC channel uptrend - short/mid term
Hello, we have here a great example of channel movement in showed pitchfork. Price just entered support Ichimoku cloud and it should bounce off it up, to showed point. If it lose war against support, it may crush hard back to about 2000sat, but its unlikely. We will see how long it will continue uptrending in this pitchfork, so its hard to say if its long or short. Candles are 30min, so i think it will be shorter than longer ;)
Note
It has broken out at bittrex, watch out on poloniexstop loss could be a little bit lower to reduce risk of being sold out a moment before bounce!
Note
On heikin ashi bars, its still showing us an uptrending. Also we haven broken trought ichimoku 1day resistance cloud. Should go up untill its still bullish.
I saw that it hits our stop at bittrex, but not on polo still.
Bounce should slowly begin from now.
Trade closed: stop reached
unfotunetly stoploss has triggered, we have broken trought support cloud and fall back to around 2200 satTrade active
Well, its seems, that yesterdays breakout to 2200sat was caused by BTC movement, POT is back on its track, its now hitting its highest price for now.
Next Buy zone is about 2500sat, after that Sell zone is about 3300sat
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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.