BITTREX:CVCBTC   Civic / Bitcoin
Technical accumulation @ key support & demand level

Note: (Not waiting for bears to loose momentum since this is a long term position trade, as it's reinforced with fundamental analysis )

Fundamentally analysis:
1) Probably (from my humble analysis) the only Crypto-asset that has a running sound product
2) Aimed at/for wide client base (B2B)
3) Fair & strict ICO distribution (highly unlikely for "hodlers" (long-term investors) to dump their holdings all at once)

Comment: Typo on fundamental analysis point 3: the '12.50%' after the 'ICO'; initial coin offering, was not suppose to be there (autofill from tradingview)
Trade closed: target reached: Initial 2% accumulated gained 28% (less spreads & fees)

Waiting to accumulate more @ demand


Thanks! It looks like it's coming back up from low of 0.00006900. It's at 0.00008150 at the moment. Do you think it's still dropping to demand area?
Lyzerr TheCryptologist

Hmmm, there's above a 60% chance that the price will drop to 0.00007565 within the next 32 periods (4H candles), still keeping my limit orders at the demand zones.

Are you you looking for long term trade?
@Lyzerr, Yeah I sold on the way down today planning on buying back in the dip and it reversed immidiately after. New to trading and still finding my feet. Don't really want to buy back now at a loss... 😢

Thanks for the response. Will leave my order in that area and hope for the best. 🤞🏻
Lyzerr TheCryptologist
@TheCryptologist, I see, good choice 👍

My pleasure & Best of luck! 🤞

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