DrivenLeaf
Long

MITHBTC breaking out of its hourly wedge and go up

BINANCE:MITHBTC   Mithril / Bitcoin
I think this is a good point to buy Mithril, it'll most likely hit the 2112 level and then go up to 2131. 1 hour support levels holding well.
Dec 14
Comment: Looks like my analysis was a bit off, maybe I missed some important trend/level, the trend went extremely bearish afterwards and broke through the support.

Idea failed.
Dec 14
Comment: The reason it dropped down so much is due to the fact that BTC fell drastically at that specific time. So it can't be said whether the analysis was faulty. Need to keep an eye on BTC for trading Altcoins from now.
Dec 17
Trade closed: target reached

Comments

Was a good attempt, I thought it would bounce back. There's only one altcoin trending against BTC really right now...Waves....
Reply
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