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Skyrex
Mar 8, 2018 10:44 AM

MUEBTC double bottom is forming Long

Description

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%
Comments
gregus90
Target 2 still possible?
Skyrex
@gregus90, yep dump was caused by BTC price fall. MUE chart will have a wider roght cup so 2nd target is still possible
Skyrex
@SkyRockSignals, right*
gregus90
@SkyRockSignals, Thanks!
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