LISK - Beautiful Long

Lisk / BitcoinBittrex

Description

⋅ Oct 12, 2017 2:54 AM

Since my call for a bear run on Lisk, it had retraced beautifully on to the support.

Now, on the 1 hour chart, LSKBTC seems like it has formed a really pretty ascending triangle.

Usually, ascending triangles breakout for the better, however there still is a possibility that it can fail.

Use stop loss to minimize risk and happy trading.

Trade closed: stop reached

⋅ Oct 12, 2017 3:36 PM

if you used stop loss, you would've only lost couple percent :). worth the risk.

Comments

JoshuaVanier

⋅ Oct 12, 2017 3:37 PM

Is this a good entry point?

kokopuffs

⋅ Oct 12, 2017 4:02 PM

@JoshuaVanier, I would have to do a new TA. I will take a look soon :)

albertwt

⋅ Oct 13, 2017 2:17 AM

@kokopuffs, Thanks for the sharing mate.

schizaar

⋅ Oct 12, 2017 4:09 PM

@JoshuaVanier, After earlier rally it retraced to about 0.78 Fib and now we are about 0.5. iI is not bad level for entry although it still might get lower. Unless it bounces back earlier.
Ah, mentioned Fib levels are based on LSKUSD chart.

isaaczcrypto

⋅ Oct 12, 2017 3:29 PM

ah man.. this could have been really beautiful if not for BTC rally. :(

nice call though! :)

kokopuffs

⋅ Oct 12, 2017 3:35 PM

@isaaczcrypto, thanks. if you used stop loss, you would've only lost couple percent :). worth the risk.

AdrianZen

⋅ Oct 12, 2017 7:01 AM

This is gonna be crucial for Lisk.