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Viberate / Bitcoin
Long

VIB/BTC 60% PP

By Bradleyrb
Updated
VIBBTC is coming out of a long consoliation phase and showing bullish signals. We have had, on the 4HR chart) the 22EMA cross the 200EMA already and starting to climb nicely. Now we are heading towards the 200EMA on the 1D chart, which will definitely give some more momentum to the trade. VIBBTC is currently hitting some resistance between 712SATS-715SATS. I will wait for a drop back down to around 688SATS before i jump into the trade. This will still leave us in a bullish channel. With some more momentum, we can probably push through to about 929SATS and 1130SATS.

BUY: 688
T1 50% SELL: 929 (35%)
T2 50% SELL: 1130 (64%)
SL: 640
Trade active
VIBBTC hit my BUY order at 688SATS. Trade is now active.
Trade active
713 - 720 SATS still acting as a strong support zone. Looking for some bullish momentum to start climbing to T1
Note
Still sitting within a support zone, which is currently holding the BTC drop. We have already dropped out of the bullish channel on the 4HR but not quite yet on the 6HR chart. As always, i will let the trade play out and see what happens.
Trade active
Even with the BTC rejection off the 100EMA, VIB/BTC did not hit my STOP and the trade is still ACTIVE.
Trade active
Trade closed: target reached
TARGET 1 HIT 929 35% PROFIT
TARGET 2 HIT 1130 64% PROFIT
Chart PatternsTechnical IndicatorsTrend Analysis
Bradleyrb

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