Long
ZCLBTC - Potential Breakout Ahead of Bitcoin Private Fork
ZCLBTC is showing some promising signs of a potential breakout above 0.016. With a tight stop loss or trailing stop loss on a smaller time frame (4 hours or 30 minutes), this can be a beautiful risk/reward trade. What is the potential target? What is the valuation of Bitcoin Private? At 0.016, Zclassic have approximately 400 USD million market cap. 1 Billion-2 Billion is possible max market cap before the fork.
Trade closed: stop reached
With only few days before the snapshot and with Bitcoin acting erratically, I deemed this trade to be unsuccessful. Manage to break even and get out before the massive sell off.I don't see any major move here in a limited short amount of time. However, I do set an alert to notify me if this breaks above 0.02 or 200 USD. At the moment, I am no longer holding any positions and have closed my position.
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.
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.