Kaizer1

Lisk - Downtrend reaching its end

Long
Kaizer1 Updated   
BITTREX:LSKBTC   Lisk / Bitcoin
Good day folks!

Starting today I am going to post my trades on tradingview to publicise my performance,
so that I can continue to review myself and also to build my own trackrecord.
Whether you follow my trades or completely disregard them is up to you but I would
always appreciate feedback be it positive or negative since I am always looking to improve myself.

So without further do, here would be my first swingtrade:

LSKBTC -0.84% has been moving in a descending triangle and is either going to break out soon or going to test the trendline .
The daily MACD is right before a crossover and the RSI has been moving in a descending channel .

Buy: ~0.00062 (40%)
~0.00054 (30%)
~0.00052 (30%)
In the case LSK continues to fall have funds in reserve to average your buys.

Sell: ~0.00068
~0.00076
~0.00081
~0.00096

Stop-Loss: Below 0.00049
Comment:
2 long orders got filled.
Lisk is still in the descending triangle and the downtrend channel on the daily RSI.
Soon LSK will make a move since it´s going to reach the end of the triangle in a few days. The direction will probably depend on BTC but right now probablity is high that we will break upwards.
Trade closed: stop reached:
Stop reached.
Alts are in for a rough time.
Check BTC update for the direction we are in.

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