POT/BTC LONG after breakout

in #trading7 years ago

Hi

Going to buy a breakout of this small daily range. The price is a little erratic, but it's worth pursuing these setups on cryptos as the risk/reward can be in multiples of ten if it gets pumped. The price has also been though a pretty erratic 'resetting period' since the last pump and is beginning to become more consistent in it's waves.

Link to chart:
https://www.tradingview.com/chart/POTBTC/dqttYpIN-POT-BTC-LONG-after-breakout/

What I'm looking for:

  • We have an overall uptrend and the price is more or less respecting the larger trendline (yellow).
  • The price is also holding above the moving averages , which are also holding green and consistently moving up for the last few weeks.
  • If we look on the weekly timeframe we can see that the the ALMA (arnaud legoux moving average ) is turning green.
  • If we break about the current range we will also have a third low bouncing off the faster trendline (pink)

Good luck!

Mark

Sort:  

Nice to see your analysis! Relinked this in "Trade_ideas" on Steemit.chat.

Congratulations @markluds! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

Click here to view your Board

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @markluds! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 3 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.030
BTC 66824.20
ETH 3503.41
USDT 1.00
SBD 2.62