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extantproject
Apr 3, 2017 1:40 PM

EMC2/BTC New Hunt Volatility Funnel (HVF) Long

Description

(Note: I'm a beginner at technical analysis. Comments welcome.)

Hunt Volatility Funnel (HVF). Volatility decreasing recently. Breakout if price reaches 383 satoshi. Stop loss percentage is large, but still 4.88 Risk/Reward Ratio due to 53.52% target. Stop could probably be tightened to increase RRR as time goes on.

EMC2/BTC is a very low liquidity market, so the trade will not execute perfectly.

Though I did not trade it correctly, EMC2 did hit my target on previous funnel 10 days ago:

Trade closed manually

Closed this trade manually due to low liquidity market. 39% good enough for me on a shitcoin.
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