There are several key things to note from the chart of FCT/BTC: - Recently in a downtrend and moving in a descending channel. It has tested the bottom of the channel at least twice already and now the price is lingering around the top of the channel. We can wait for breakout of this channel upwards to place the buys at the ideal conditions. - The MACD shows...
Possible breakout pattern Plenty of resistance levels to break through Looking to take profit at multiple levels *Watching BTCUSD chart for potential breakout which could strongly influence FCT breakout negatively **NOT A PROFESSIONAL TRADER. I USE THIS TO TRACK MY TRADES**
I've been watching this coin for quite some time, consolidation after the fast rise right after absolute dip was a play book symmetrical triangle right until bitcoin crash. Yet, it retraced back to the 50% fibo at the worst point of the FUD and bounced back up perfectly. Now, there is an inverse head shoulders right inside the triangle. Accompanied with nicely...
Factom seems to start reversing to the upside against the Bitcoin as price clearly broke above the previous high at btc 0.0033 resistance. FCT/BTC went up to btc 0.0057, but then corrected back to btc 0.0024 which is actually the crossing price of the two 8/1 Gann Fan trendlines. Prior to that Factom tested the 200 Moving Average, which has been rejected on the...
breaking through megaphone pattern, our next target is next fibo retracement
I will be taking a nice long position with FCT for the following reasons: 1-Day: 1. MACD pending a large bullish twist 2. Clear uptrend in OBV (Ready for a sustainable move) 3. Upward trend in Stoch with proper alignment of moving averages 4. BOTTOMED OUT BBANDS! That squeeze is about to pop. Using other indicators to determine direction. 5. Reasonably...
Here is the chart I mentioned in the previous post. You can see the support resistance lines but the uptrend is obviously not the same unsustainable trend as in the FCT USD chart do to the bounce back in BTC value.
drawing the div that way because RSI goes off of closes and disregards wicks
Factom is clearly trending upwards although currently, it has entered the stage of a short to medium term consolidation. Since 1st of January, FCT/BTC continue to range between btc 0.005 and 0.0035. At the same time price broke above the downtrend trendline and for the second time it returned to the point of breakout, that is btc 0.004. Today Factom rejected the...
I see a symmetrical triangle forming on the 4h, usually consolidation patterns for me are the best ones to buy when there is a trend forming in a bullish coin. Coin: Factom Entry: 0.0035 - 0.00435 Target: 0.008 - 0.012 (100% profit) Anywhere above use stop loss. Stop: 0.00315 - 0.0031 Because the whole market is resuming bullish i expect this trend to hold, if not...
$FCTBTC long idea. Breakout expected. Symmetrical triangle pattern.
Hello traders this is a trade recomendation based on my previous trade recommendation linked below i recommend you checking out. Factom has progressed nicely in this parallel trend channel. The SMA100 is converging with the bottom of this trend channel leading me to expect the price to find resistance at the bottom of this channel. im watching for a reversal at...
FCTBTC Short Entry: 0.0046 TP: 0.00401 Stop Loss: 0.0052 Profit Percentage: 14.5% and Loss Percentage: 13% We are working with a range on 240 TF and buyers momentum is completely dead atm. But sellers came in weak atm that is one this that we have to take on the consideration so, FOMO made me enter the trade and put a wider stop loss because I anticipate that...
Nice little ascending triangle playing out on the hourly for FCT/BTC. Could have some nice gains on this trade.
This is a low volume coin being accumulated. You may want to start buying some on spot (dont margin, too risky). Should see a very nice pump. Working product, in use at organisations today. New explorer released.
Buy at : 0.00386 Sell at Target1: 0.004500 Target2 0.005600 Target3 0.007500 Target4 0.009000 Target5 0.010000 Stop Loss :- 0.0031000
Today I bought a bit of Factom. This buy was on the conservative speculation of another long term breakout happening within the next 3 months. I am usually close or right on target with lots of my predictions with almost an 88% profitability rating. I hope that Factom is no exception. However, given the downward trends as well as technical potential, I would...