After a nice run up since yesterday and breaking out of a cup & handle pattern, BCPT/BTC retraced back and found support near 0.00008725 forming a triangle. 15 min. RSI has fallen below 50 so there's room again for further growth.
If BCPT/BTC manage to break out of the triangle and preferably with increasing volume, then we could see it making another run again.
Trade Instructions:
Buy Area:
0.00008950 - 9120 (above 12 ema)
Profit:
1. 0.00008950
2. 0.00009845
Stop:
0.00008498
Keep in mind that you can take profits at any time when you feel comfortable with or want to secure your profits. You don't have to wait for a target to be reached in order to sell.
You can always sell a portion and let the rest ride longer. This will give you peace of mind and more patience.
Please leave a comment if you have any questions.
And good luck trading!
If BCPT/BTC manage to break out of the triangle and preferably with increasing volume, then we could see it making another run again.
Trade Instructions:
Buy Area:
0.00008950 - 9120 (above 12 ema)
Profit:
1. 0.00008950
2. 0.00009845
Stop:
0.00008498
Keep in mind that you can take profits at any time when you feel comfortable with or want to secure your profits. You don't have to wait for a target to be reached in order to sell.
You can always sell a portion and let the rest ride longer. This will give you peace of mind and more patience.
Please leave a comment if you have any questions.
And good luck trading!