BTT/BTC Setup M032

~There is beauty in simplicity.~

-Trade Based off of Data, not Emotions
-Same Input = Same Output. If you don't do the same thing consistently, how do you know what you are doing wrong?
-Patience. There will always be another trade, another setup.

Call No. M032

Coin Name: BitTorrent Token BTT/BTC

Direction: Long

Chart: Right Here Yo!

Exchange: Binance

Entry: 17-19

Take Profit Targets: 22-24-27

Stop Loss: 14

Risk: -22.37% (Risk: 3% of Account)

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Risk % {USD Value} / Distance to Stop {Decimal Value} = Position Size**

Time Horizon: Mid-Term (1-2 Weeks)

Justifications:
1. BTT and TRX have been the quietest coins on Binance during this early alt season. I fundamentally expect them to put in significant moves once they've been sufficiently accumulated.
2. Not many positive technical indications on the daily chart.
3. The 8HR Chart looks much better however. Waddah Attar Bullish above explosion level, Fisher above Zero line.
4. This is a trade based off Sector Analysis rather than pure Technical Analysis.
5. Looking back at my past analysis of BTT, I expected this drop down into our demand zone. The zone of liquidity below a previous swing low during the rally.

~Manage Risk, Trail Stops, Lock in Profits~
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