BQX looking constructive on the 1H, 4H and 12 H timeframes and looks to be shaping up for a nice move to the upside in relatively short order.
1H chart shows a recent golden cross of the 13 day (EMA) and the 50 day EMA.
4H chart shows a similar golden cross of the 13 and the 50, both golden crosses look to hold up for a while.
12H MACD histogram needs two or three more bars before upward shift begins, indicating the next 24-36 hours should have limited upside. That said, there's not much reason to wait very long.
Looking for a run back toward the recent high of 8728 that wicked on Jan. 18th.
Portfolio risk: 2%
Trading now at 5039
Stop at 4650
Exits:
7000
7750
8490
1H chart shows a recent golden cross of the 13 day (EMA) and the 50 day EMA.
4H chart shows a similar golden cross of the 13 and the 50, both golden crosses look to hold up for a while.
12H MACD histogram needs two or three more bars before upward shift begins, indicating the next 24-36 hours should have limited upside. That said, there's not much reason to wait very long.
Looking for a run back toward the recent high of 8728 that wicked on Jan. 18th.
Portfolio risk: 2%
Trading now at 5039
Stop at 4650
Exits:
7000
7750
8490
Trade closed: stop reached:
4650 stop triggered. Alts bleeding, BTC volume dropping. Time to wait for the storm to clear.