Got both of my confirmations to enter a short position on Augur/Bitcoin.
Entered short at .001181
SL at 1X ATR from the swing high .001227
1st TP at 2x ATR .001139
I will buy 50% back to close, move SL to break even and let the other half run with a trailing stop of 1x ATR.
REPXBT recently wicked the bottom trendline of the long term channel, and has rocketed to the daily ichimoku cloud on volume. This is a strong reversal sign. Strap in! Short term target is the flat kumo.
My coin of the day is REP (augur.) Buying in simply based on previous patterns/price action. MACD and RSI are less than desirable but oh well. Volume/Price action look decent enough to bring it near the top of the channel again. My target is more conservative than that, as you can see.
