Potential 2X trade on PayBTC

High risk trade idea here.

In my last post, we entered at .006. Target was .001 (23.60% Fib). We reached that target and closed. But because we broke the ascending triangle, a breakout even higher than our target occurred. We closed several daily candles above .001 and are now sitting on that support. If we bounce here, we'll go to .0019 and almost double our current entry price. On the other hand, if we collapse, we'll lose nearly half. Maybe more.

Warning! This is a high risk trade. Enter at your own risk. The signs are there but as always, we look to our leader, Bitcoin.

Be careful. Don't throw more money at this than your tolerance level will allow. And you may want to wait and watch what Bitcoin does first. Follow my indicators posted in the chart above.

Happy trading all!

Comment:

Here's your stop out price on this trade! So far, we're still in the game.

Comment:

Here's what I'm seeing for PAYBTC which is still in play from my last post. Target remains .0019. Enter here and you could double your money.

The triple intersection is an intersection of major support (.0008), upward trendline, and middle Bollinger Band. I expect we bounce and gain enough momentum to push upwards through our symmetrical triangle into breakout mode.

Be careful and put in your stops. Stop out at any close BELOW .0008

Happy trading friends. Go make some money.

Comment:

IT'S TIME! NOW or NEVER. Today:

Trade closed: stop reached:

This trade should now be closed as we've opened a new candle below our previously suggested stop out. Unless you're in it for the long haul, you should be out.