Long
WTC/BTC - Long - 0.382 to 0.618 Bounce - 57.2% Potential
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TA
-Closing above daily 200SMA
-Closing above 0.382 Fibonacci
-Closing above strong weekly resistance
-Target confluent with 0.618 Fibonacci and strong horizontal weekly resistance
-Bullish divergence on RSI
-Blue lines represent strong weekly support/resistance zones
-The grey lines are daily support/resistance zones
If close above 0.00000444, then trade is valid.
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Entry: 0.00000444
Entry Zone: 0.0000442 - 0.0000460
T1: 0.0000475
T2: 0.0000490
T3: 0.0000515
T4: 0.0000535
T5: 0.0000571
Stop: 0.0000403
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R:R: 3.01
Risk: 9.23%
Reward: 28.6%
Leverage: 2X
Leveraged Risk: 18.46%
Leveraged Reward: 57.2%
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Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.
---
TA
-Closing above daily 200SMA
-Closing above 0.382 Fibonacci
-Closing above strong weekly resistance
-Target confluent with 0.618 Fibonacci and strong horizontal weekly resistance
-Bullish divergence on RSI
-Blue lines represent strong weekly support/resistance zones
-The grey lines are daily support/resistance zones
If close above 0.00000444, then trade is valid.
---
Entry: 0.00000444
Entry Zone: 0.0000442 - 0.0000460
T1: 0.0000475
T2: 0.0000490
T3: 0.0000515
T4: 0.0000535
T5: 0.0000571
Stop: 0.0000403
--
R:R: 3.01
Risk: 9.23%
Reward: 28.6%
Leverage: 2X
Leveraged Risk: 18.46%
Leveraged Reward: 57.2%
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.
Note
You can see the weekly support/resistance zones in this chart. Additionally, you can see that if price closes above 0.0000444, then it will likely also be closing above the weekly 21EMA. This coupled with the confluence of the daily 200SMA and strong weekly support will likely lead to some nice upside! Let's get this crypto!Note
WTC is forming an ascending triangle on the 4H. The measured move would take us up almost to our entry, but not all the way. We need to see candles closing above the entry before entering. 
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
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.
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
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.