Long
FCT Resumption Idea.
Hi guys,
Here an idea I feel comfortable enough to share!
FCTBTC is on the act of a prolonged bullish activity for the last few days and offer a interesting RIsk/Reward trade opportunity.
The surge of BTCUSD and the FOMO surrounding BCH have been the major factor in the recent drop and could also play a part in this bullish run.
This idea will look into the resumption of the long-term uptrend, which have not been broken yet.
Short term, We have another pennant forming, Which I expect, could send us right back to the top of this thigh channel, around .00622 BTC(18%). Stop lost set around the .00490 area, Where I believe the recent uptrend channel gets broken.
Long Term, FCT is extremely bullish by nature and since these low prices have bottomed a few times already, it could be the best entry to been seen for the next fews months. TP for long term would be .0077 | .009866 | .01222. Stop limit rather close at ,00450 , as if BTC rally to new ATH, it's the maximum risk I want to take.
Happy and safe trading everyone !
Sincerely,
Here an idea I feel comfortable enough to share!
FCTBTC is on the act of a prolonged bullish activity for the last few days and offer a interesting RIsk/Reward trade opportunity.
The surge of BTCUSD and the FOMO surrounding BCH have been the major factor in the recent drop and could also play a part in this bullish run.
This idea will look into the resumption of the long-term uptrend, which have not been broken yet.
Short term, We have another pennant forming, Which I expect, could send us right back to the top of this thigh channel, around .00622 BTC(18%). Stop lost set around the .00490 area, Where I believe the recent uptrend channel gets broken.
Long Term, FCT is extremely bullish by nature and since these low prices have bottomed a few times already, it could be the best entry to been seen for the next fews months. TP for long term would be .0077 | .009866 | .01222. Stop limit rather close at ,00450 , as if BTC rally to new ATH, it's the maximum risk I want to take.
Happy and safe trading everyone !
Sincerely,
Note
Note
Trade active
.00517888Note
Bullish Pennant completed!Next pole incoming?
This news might add to the strong bullish sentiment.
accenture.com/us-en/insight-outlook-executives-guide-to-blockchain
Trade closed: target reached
Trade fully completed! +18% Target reachedFCT remain extremely bullish, and as Stated, this new area (0.006) might be the new floor for a certain time, as FCT trying for new high.
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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.