BBTC stock is about to break the trend line.The video is self-explanatory. Add this stock to your watchlist.
Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 4-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
BBTC trade ideas
weekly breakout for long positonBBTC today gave a good closing above this channel on both weekly and daily time frame.
A long position can be opened on short-term trade, with resistance around 1400 because of historical resistance, while SL should be the low of today's candle. A good 1:4 risk-reward ratio may be expected here.
BBTC - Falling Wedge BOThis script looks amazing on a daily timeframe, but if looked at closely small hurdle is on its way weekly Trendline.
- Gave strong falling wedge breakout with volumes today.
- Weekly RSI (60 Levels) and Weekly Trendline is going to act as resistance
- Has resistance @ 1380-1400 Zone as well but can be overlooked if yearly trendline is broken.
One can go long above purple trendline with SL of 110 WCB