Entry: 580-650 Stop loss: 560 Take Profit: 670 (short-term), 745 (mid-term), 1000+ (long-term) Expected Call Duration: 2 days - months (reliant upon your timeframe) Call strength: medium - high (reliant upon your timeframe) Call risk: low
Brief Summary: WTC/BTC is a classical-case chart. Price is defined by the 1.25 standard deviation and has very little downward potential as seen by the lower Bollinger Band. The trader is free to pick from all timeframes; short, medium, and long. Stop-losses should be set according to one's risk ratio and respective timeframe's volatility outlook. A recommended level is just below the purple Bollinger Band (200 daily).
Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis.
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