tekolo
Long

Trading idea for SYS/BTC LONG - Current price 3050 sats.

BITTREX:SYSBTC   SysCoin / Bitcoin
In the 1H chart we see as Tenkan Sen is crossing above the Kijun Sen, it is a bullish signal. As this type of buying signal occurs above the Kumo (cloud), so we can be sure that this is a strong bullish signal. But BTC is showing high volatility , so we need to be cautious.

Now, we are waiting a the break up of the 3100 satoshis resistance.

Additionally, we have two additional signals from MACD + EMA and RVI. We can use MACD+DI as an extra confirmation method and now we can see a green point (buy signal).
The RVI also is indicating buy.

======
Buy: As explained above. ~ 3105 sats .
Take-profit: You are free to decide, but avoid greed. See the graph for reference.
Stop-loss: ~ 2885 sats .

For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.
Trade closed: stop reached: Dynamic stop loss reached at 3623 satoshis for a 8.57% profit.
Congratulations!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out