Hi guys, Here an idea I feel comfortable enough to share! FCTBTC is on the act of a prolonged bullish activity for the last few days and offer a interesting RIsk/Reward trade opportunity.
The surge of BTCUSD and the FOMO surrounding BCH have been the major factor in the recent drop and could also play a part in this bullish run.
This idea will look into the resumption of the long-term uptrend, which have not been broken yet.
Short term, We have another pennant forming, Which I expect, could send us right back to the top of this thigh channel, around .00622 BTC(18%). Stop lost set around the .00490 area, Where I believe the recent uptrend channel gets broken.
Long Term, FCT is extremely bullish by nature and since these low prices have bottomed a few times already, it could be the best entry to been seen for the next fews months. TP for long term would be .0077 | .009866 | .01222. Stop limit rather close at ,00450 , as if BTC rally to new ATH, it's the maximum risk I want to take.