m0th

CIVIC BOUNCE RELOADED

BITTREX:CVCBTC   Civic / Bitcoin
As you can see Civic has broken a major support line and now it is showing a highly oversold structure. I consider this a very good price to get into it.
My indicators are predicting a nice bounce and Fib retracements shows possible targets to take some profit.

This Trading Idea is highly enforced by the Bearish Divergence showing on BTCUSD in the 4h timeframe.
I would work with a very tight SL on this one (in case BTC goes completely nuts). But I really do think that this is one of the easiest ways to get a 10 - 20% gain on your trade. Great Risk/Reward !

Good luck! I'll PM you my Tip address if requested ;) .
Oct 21
Comment: Just sit tight guys. Moment of truth is almost here! You can see the crossing points on the indicators (1hr timeframe)

Oct 23
Comment: Quick Update: We had some great news and thus some pretty huge candles. Watch closely. If we break 5700 again we might have another jump.
Oct 23
Comment:
Oct 24
Comment: Hey guys quick update. We had a really nice jump. If you are trading on Bittrex. Order books doesnt show much resistance. Important points to look at ( maybe put some sell orders there) are around 6450 and 6850. This can change really quick but If you have been here from the beginning of this trade you might consider taking a little bit of profit here and there!

Comments

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