ONT/BTC here we go again. Let's start a trade!

BINANCE:ONTBTC   Ontology / Bitcoin
Hi Fellas,

let's see how the bulls atm in BTC runs over everything and let's see how we can profit from those situations.

I've placed my position and planned a rebuy if it will go straight to the second support line. It could, as it was just a spike outside of the downtrend channel/bear flag which is still active.
Target been set which could be also a resistance. Watch out for RSI , MACD , and BB (using Madhatter).

Keep you posted.

good luck trading,
Trade active: Preparing a rebuy. RSI is then oversold and MACD gave me confirmation.
Comment: still not in the buying zone. but a drop should come just around the corner as I do not expect to leave yet the downtrend channel.

On the other hand we have a descending wedge which could cause a spike. If so, I will be only able to make like 1% max.
Trade closed: target reached: Forgot to post. ONT done! Took 5%
where's our support here at the moment?
+1 Reply
TheCryptoLorax johnhenryt
@johnhenryt, lol I think he forgot to take a peek at the current downtrend on the 4h chart.
Bitcoin-089 TheCryptoLorax
@TheCryptoLorax, did not. On 4H we are still in a downtrend. Support is at 4600.
TheCryptoLorax Bitcoin-089
@Bitcoin-089, its funny you say that because that's where i planned to buy....
Bitcoin-089 TheCryptoLorax
@TheCryptoLorax, that's good. If you scalp 4H will take too much time. I will jump in on 4600 too. But later when we get there.

Going on 5-15M view you trade more.

Earlier today there was again a good opportunity to take some profits.

Good luck trading.
TheCryptoLorax Bitcoin-089
@Bitcoin-089, You as well :)
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