koryu
Long

factom - bear market should be over

POLONIEX:FCTBTC   Factom / Bitcoin
825 4 19
uptrend has formed, moving averages crossing bullish

factom company actually rated at $30 million while factoids market cap is $16 million

Comment: weekly is forming a nice hammer

snapshot
Comment: here we go :-)
Comment: Looking for consolidation sideways or little correction.
Booking partial profits.

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Comment: possible pattern for consolidation

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Comment: buying back in this dip, seems like good risk reward
Comment: factom going up again, target is still the upper channel line which is at 0.0073 right now.
Comment: market cap of factoids are now ranging $28-30m which is exactly how factom the company was rated in the current series a
Comment: Tim Draper says: “Governments also need better security from hackers, and the Blockchain avails them of better security than they currently have. I believe that the Factom team has the opportunity and the potential to build a company greater than Oracle and Palantir and IBM combined.”

https://cointelegraph.com/news/this-blockchain-startup-can-become-greater-than-ibm-oracle-and-palantir-combined
Thank you very much for a fast reply. I will be waiting for break out from a falling wedge.
Reply
Hi thanks for your trading ideas. What you think could be good entry point for going long. ??? Sorry for my English ?
Reply
koryu PRO reattle

It could have formed a falling wedge as correction from the uptrend. An entry could be a breakout from this structure or wait for oversold conditions. But it always depends on the timeframes of your trades / investments and risk you like to take. Always do your own analysis, and if you like post it =) to improve and to see if others agree.

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Been trading this chart, buying on the dips. Good stuff
+1 Reply
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