[BRDBTC] Bread LONG [250% PP]

BINANCE:BRDBTC   Bread / Bitcoin
Bread (BRDBTC’) touched bottom on mid August and has been in an uptrend since. The chart is showing an ascending triangle pattern which is a bullish formation, after hitting a strong resistance 7 times, it is getting closer to breakout. Let's take a look: 
- The "x" marks each time the price was rejected by the strong resistance, but this will break soon. We have several reversal candles after an all time low was hit.
- We can see that we are now trading above EMA10 (green line) for the first time since April.
- Green volume is starting to increase.
- MACD trending up and starting to pick up momentum.
- Watch out for a huge jump once resistance (0.000062 is broken).
- Let's trade.

Bread (BRDBTC’) Trade Instructions by Alan Masters

Buy in: 0.0000547 - 0.0000587

Targets for Bread (BRDBTC’):

(1) 0.0000662
(2) 0.0000729
(3) 0.0000814
(4) 0.0000908
(5) 0.0000966

Stop loss: Close weekly candle below 0.0000416.

Capital allocation: <5%.


Patience is required and necessary... patience is key.

Enjoy the trade.

Always make sure to diversify.

Always make sure to withdraw and enjoy your profits (make a habit of withdrawing, enjoying your earnings and being grateful - you can withdraw a portion of your profits and keep the rest to grow your portfolio).

Trade active
Trade active: We are now challenging our strong resistance and generating profits.

Patience is key.

We are buying low (bottom)...
Now we wait, patiently...
We hold, calm...

Later, easily, we sell...
When the price moves up.

We collect the profits.

And move on.

Trade active: Targets for Bread (BRDBTC):

(1) 0.0000662 – Target hit 22-Nov (+29%)
(2) 0.0000729 – Target hit 23-Nov (+42%)
(3) 0.0000814 – Target hit 23-Nov (+59%)
(4) 0.0000908 – Target hit 23-Nov (+74%)
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Related Ideas

I would wait for price to stable at a support before entry.
alanmasters nowCryptoforever
@nowCryptoforever, This is an ascending triangle.
nowCryptoforever alanmasters
@alanmasters, I will wait till the rsi reversal happens for me...
nowCryptoforever nowCryptoforever
@nowCryptoforever, I use a slow and fast rsi overlap for entry and exit. I dont aim XXX% only X to 1X% in these markets.
alanmasters nowCryptoforever
@nowCryptoforever, Which settings you use on your RSI?
nowCryptoforever alanmasters
@alanmasters, It's a custom code I made cut pasting from all around the place.... do try it and have fun bro....

study(title="CM_RSI_EMA", shorttitle="CM_RSI_EMA_", overlay=false)
src1 = open,
src = close,
len = input(5, minval=1, title="RSI Length")
len2 = input(5, minval=1, title="high EMA Length")
len3 = input(5, minval=1, title="low EMA of Length")

up1 = rma(max(change(src1), 0), len)
down1 = rma(-min(change(src1), 0), len)
up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)

rsi1 = down1 == 0 ? 100 : up1 == 0 ? 0 : 100 - (100 / (1 + up1 / down1))
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
highRSI = sma(rsi1,len2)
lowRSI = sma(rsi,len3)

//plot(rsi, title="RSI", style=line, linewidth=3, color=silver)
plot(highRSI, title="EMA of RSI", style=line, linewidth=2, color=red)
plot(lowRSI, title="MA of RSI", style=line, linewidth=2, color=green)
band1 = hline(80, title="Upper Line", linestyle=dashed, linewidth=3, color=red)
band0 = hline(20, title="Lower Line", linestyle=dashed, linewidth=3, color=lime)
fill(band1, band0, color=white, transp=90)
alanmasters nowCryptoforever
@nowCryptoforever, Looking at the chart, red candles, it is about to jump back up.
Thank you, as always, for your great TA, Alan!! This is a great project to HODL long-term as well!!!
+2 Reply
alanmasters peakindicator
@peakindicator, Namaste.
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