FTMBTC Long Idea

Entry: 0.00000191~196 (currently trading around 200, looking to enter near trend line)

Stop: 0.00000184 (below trend line and local support)

Targets:
1. 0.00000221
2. 0.00000251
3. 0.00000294

May take a few days to develop as wedge contracts, let's see if we can get a good entry.

Comment:

This one has played out well so far. We tested the downtrend and finally broke out to the upside. Still short of our first target, however already in a cool 5~10% profit depending on your entry.

Looking at 0.00000199~200 for an ideal re-entry if we come down to back-test the down trend.

Comment:

That played out faster than expected, re-entered at 0.00000200 on that dump. Let's see if we can bounce!

Comment:

Quick update on FTM, we hit our first target of 0.00000221 and this is now acting as support as we came back down to bounce.

Moved stops just below this level to secure profits. Still looks good, if we don't get stopped out next target 0.00000251.

Comment:

Reached our second target and currently sitting on 0.00000251 as support. Stops moved below here to confirm profits if we break down.

A break below here and I'll look for re-entry at 0.00000221~226

Comment:

Stopped out in about 20% profit. This looks to be coming down to our 0.00000221 level, will look for re-entry here.