POLONIEX:SCBTC   Siacoin / Bitcoin
Weekly bullish engulfing setup forming on Siacoin / BTC .

Lower time frames have switched to higher highs and higher lows so I am taking a swing trade up to the previous lower high from EoY 2018.

Risk for my stop below the low is 15%. And my target is 69% away leaving me with a 4.7 Risk/Reward ratio.

Our Weekly Slow Stochastic cycle is also rising and price has made it above the 8 EMA showing strength from the buyers.

As long as BTC doesn't tank I believe this setup will be quite profitable.

A trader wanting better confirmation can wait for the weekly close. Do note you will reduce the R/R a bit by potentially being further away from the stop loss.

Trade active: Still invested in this one! Chart looks better than ever too. Expecting big moves after our ADA and EXP gains.
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