Took a day longer than expected but we are home.
Hi friends! Welcome to Poop's wave count analysis on $FCT. If you have missed the November pump, now is your second chance to ride the #FCT Bullish Cycle. The previous uptrend (wave 1) had a very significant volume and the succeeding price correction (wave 2) had a weak volume which gives us the conclusion that we have a bullish trend. We just completed wave 2...
Possible medium term channel forming with a target at the upper limit around .0075-.009 btc, high risk long at this level, channel needs one more test to confirm
Chart is self explanatory. My last 2 trades was closed with little losses, So if this one works we are good.
If the channel passes the next test a jump to .005-.006 range likely, strong support/resistance historically around .0042
Bullish belt hold kicked off the rally and long legged doji marks consolidation on the weekly. If the pattern stays mirrored expect another bullish belt hold after break out of the consolidation zone and then some successive high waves in a consolidation zone after mark up.
Chart is self explanatory. H&S and butterfly on MACD
As charted, FCT could perform bearish Cypher. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
$FCT is getting closer towards the end of the falling wedge. Potential 7X all the way towards 200EMA if it drops, hits support line and bounce from there. It would be fun to watch.
It appears we are finishing up 5 waves up ending in 5th wave diagonal. MACD Is bearishly diverging RSI is showing a large loss of strength, signaling we have reached the current top. Volume is diminishing. Entered short at .00755, Targeting .382 fib retracement
Buy Price: Yellow Line TP: Green Lines Moon: White Line Support: Blue Line SL: Red Line Invest Suggestion: 5-10 Percent Profit Expectations: 5, 10 or >20 Percent Just hold and watch. Sell while you get some profit. Good Luck! Looks Good? Leave a like, share and tell me in comments if my trading advices are working for you. Thanks for visiting.
When we look at the chart; i thought we'll see double bottom !! If FTC will get good support and volume around 67k, with doublle bottom pattern it want to go to around 79k ! But if it will not take some volume around 67k it will try to get support around 62k with make a doublle bottom ! Also ; The triangle will end at 2 or 3 days later ! We gonna see what...