Metal / BitcoinUpdated MTLBTC - Possible quick profit
As seen in the chart, we see a double bottom formation with volume picking up towards the recent up. MTLBTC has also seen a slump for the longest time. But according to the MACD, the bulls are coming in to take control. Wait for confirmation from the bulls to break the 580 sat line. We should see a slight retrace. Buy at 580, s/l @ 500. Target is 540. Target is 850 sat.
Note
ok boys, showtime! Get your popcorn ready.Trade active
trade is still active, volume is picking up, two bull flags have formed and we will be making another attempt to break that resistance line. keep a close eye.
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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.