Updated
WTC Trend - Possible 50% Gain - 1 week timeframe
I do not own $BINANCE:WTCBTC but would like to see how this plays out. This is not trading advice - i am simply trying to analyse some trends.
WTC has been killing it lately and is following a similar trajectory to $BINANCE:VENBTC (see my VEN chart here).
The masternode release should be by the end of February, andWTC keeps releasing great partnership news which helps keep sentiment and volume in the market.
As with all of these cryptos, the king rules them all - If we see BTC dip below 9k USD I think this trend may break and could lead to a break down rather than a breakout.
I believe we will see the current retracement go to .00295 and then my target would be around 0.0045 to 0.005 before we see another retracement.
WTC has been killing it lately and is following a similar trajectory to $BINANCE:VENBTC (see my VEN chart here).The masternode release should be by the end of February, and
WTC keeps releasing great partnership news which helps keep sentiment and volume in the market.As with all of these cryptos, the king rules them all - If we see BTC dip below 9k USD I think this trend may break and could lead to a break down rather than a breakout.
I believe we will see the current retracement go to .00295 and then my target would be around 0.0045 to 0.005 before we see another retracement.
Trade closed: stop reached
As mentioned above, BTC went below 9k and broke this trend. We should still see a sat gain if BTC decides to fall slowly but 10% stoplosses were hit so I will close this.
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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.