Skyrex

MUEBTC double bottom is forming

Long
Skyrex Updated   
BITTREX:MUEBTC   None
Volume is rising, Stoch RSI is in the oversold state. We see a possibility of Double bottom formation to be finished on the 4-hour chart. Although BTC fluctuates hard this can be a safe long-term trade, targets are mentioned on the chart
Comment:
Currently we face with market fluctuations so the right cup should be wider. The price bounced 4th time from the support of 0.00001300. It needs more time to finish the formation
Trade active:
Reached 1st target.
Profit is 31.25%

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