Potential 2X trade on PayBTC
High risk trade idea here.
In my last post, we entered at .006. Target was .001 (23.60% Fib). We reached that target and closed. But because we broke the ascending triangle, a breakout even higher than our target occurred. We closed several daily candles above .001 and are now sitting on that support. If we bounce here, we'll go to .0019 and almost double our current entry price. On the other hand, if we collapse, we'll lose nearly half. Maybe more.
Warning! This is a high risk trade. Enter at your own risk. The signs are there but as always, we look to our leader, Bitcoin.
Be careful. Don't throw more money at this than your tolerance level will allow. And you may want to wait and watch what Bitcoin does first. Follow my indicators posted in the chart above.
Happy trading all!
In my last post, we entered at .006. Target was .001 (23.60% Fib). We reached that target and closed. But because we broke the ascending triangle, a breakout even higher than our target occurred. We closed several daily candles above .001 and are now sitting on that support. If we bounce here, we'll go to .0019 and almost double our current entry price. On the other hand, if we collapse, we'll lose nearly half. Maybe more.
Warning! This is a high risk trade. Enter at your own risk. The signs are there but as always, we look to our leader, Bitcoin.
Be careful. Don't throw more money at this than your tolerance level will allow. And you may want to wait and watch what Bitcoin does first. Follow my indicators posted in the chart above.
Happy trading all!
Note
Here's your stop out price on this trade! So far, we're still in the game.Note
Here's what I'm seeing for PAYBTC which is still in play from my last post. Target remains .0019. Enter here and you could double your money. The triple intersection is an intersection of major support (.0008), upward trendline, and middle Bollinger Band. I expect we bounce and gain enough momentum to push upwards through our symmetrical triangle into breakout mode.
Be careful and put in your stops. Stop out at any close BELOW .0008
Happy trading friends. Go make some money.
Note
IT'S TIME! NOW or NEVER. Today:Trade closed: stop reached
This trade should now be closed as we've opened a new candle below our previously suggested stop out. Unless you're in it for the long haul, you should be out.
Stewdamus Trades -
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Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
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.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
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.