Factom Breakout Continuation soon to confirm.

Greeting again,

FCTBTC still giving very strong bullish signal, and it could be a good entry for long around the 590-605 area.

I consider this trade more risky, but probably also more rewarding.

We can see that FCTBTC touched the Fibonacci BBands (purple line) a few times already and always resumed with a selloff.


But notice that this time, FCTBTC broke it with solid volume at ,006.

This could be the signal for a huge FCT rally and resumed uptrend, commoditized by news like the Accenture deal. Litteraly one tweet away.

Here are my entry for this trade;

LONG; ,00598 TP- 0,07755 0,082 0,096333
Stop at 0,00570 as safe mesure (BTC)
trade reverse with short at 0,00555 TP1 ,004555

Good luck and safe trading!

Comment:

Comment:

FCT have maintained itself in a uptrend channel, above 590k. The next few 4h candle should confirm the the bullish momentum. If volume go too low, we might see sideway action in the upcoming days.
I do expect some good news from the Factom team trip to China. Which could trigger high trade volume.

Comment:

Bull Falling Wedge ready to complete

Comment:

Wedge tip falling right on the support line.. Confirmation should come very soon now.

Comment:

Very Critical moment for FCTBTC, Almost closed the trade. Our Bull signal are still ok and well, we have some volume now.

BTC surge affect FCTBTC, as mentioned as a breaking point...

Trade closed: stop reached:

BTC have a stronger momentum and have strong pressure on FCTBTC. If this sentiment prolong itself, it might be a good short back to the 400s area. For now I'll watch how it develop itself!

Trade active:

V Shape formed - Might be safe to hold already!!

Also, great news just fall!
www.mba.org/pub...-try-blockchain?_zs=ptnwB1...

www.tradingview.com/chart/JBXnrCI1/

Comment:

FCT is now right back at the initial trendline.


Also, a news is released on OraclesTimes
oracletimes.com/2017...-rise-of-factom-fct/

Comment:

Here is another view, self explanatory.
This time, either the recent articles/news/Paul snow trip/ are supporting the action that take us surfing over a BTC surge wave,just before FCTBTC caught too much water.

A BULL TRAP could also be in the making on BTC, but that's another story.