Looking to see if this pattern plays out again when Bitcoin cools off.
After the big dump, $BTC recovered into the low 8's for a bit for a few days of (positive) sideways action before rallying from 831-912 the last day and a half. PBOC announcement and subsequent calming of fears was possibly a fundamental cause ...
Based on my trend following strategy we have trend reversal for FCT. It might be a longer term uptrend. We enter position as usual in three stages to avoid false breakouts. Signal says to enter 1/3 of position. our stop is 0.0028. if there is exit signal, we sell instantly at market price all position.
Next leg to test the channel top finally, see the linked related idea -> long from 0.0024.
Factom now on first exchange in Japan (coincheck.com). Our japanese friends are very bullish on crypto in general these days.
Moving averages crossing bullish again.
Trade your plan. GL everyone