FCT-BTC pumped 700% late 2018.
Looking for a 300% continuation trade into the supply zone.
The 2W price action looks bullish.
Price has retraced 61.8% of the previous impulse move, into demand.
The 2W Heikin Ashi candle has printed a doji. Given the huge impulse move prior, the probability for the bulls to enter here is much higher.
Trade may take a few...
Commodity : FACTOM
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-4 weeks
Investment in trade : 5% of the total Trading Balance.
Prospective Profit :...
See my attached idea from 2 years ago outlining the fundamental reason for Factom being the best buy at the time.
Since then there has been an extra two years of development, significant funding, and most importantly the company has begun on boarding real world customers - - it's not vapourware like every other shit alt.
Technically, the bottom clearly came...
Expecting a major brerakout in a week. Accumulating steadily for some time now. They have released lots of b2b deals lately. Can't wait to see what will happen. (This is not an investment advice, just some thoughts about the trend)
FCT/BTC looks like a buy now.
We have a 21/55 MA buy cross to happen today/ tomorrow. We are still in 2 parallel channels and will see in which one it will continue. From a fundamental side, there has been an increase in protocol usage which is a good sign as well.
I would buy some upon volume confirmation.
FCT looking ready to pump. It has bottomed out on my Daily fib and looks like its made a nice impulse move up on the 1hr and 4hr, that means I look for signs in that move upward in order to accurately place our 1hr fib. Looks to me that most of the conditions i like have been met, so Im looking to get in on this 1hr fib. My plan is get in at the green (25% line)...
$FCT reached long term descending support line (yellow) which is slightly below green buying area.
$FCT has strong team and community support, low supply and actual an use case.
Green and below - buy. Red - sell.
It's not a financial advice.
Trade carefully and good luck!
Factom has a TD 9 Weekly Buy, with a ton of bullish divs on smaller timeframes and at Weekly Support, this should fly. They also have partnerships with the Government, Mortgage Companies and more, more partnerships should trickle out.
. FACTOM/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
. There is a possibility of temporary retracement to suggested support zone (0.00160000 to 0.00118000). if so, traders can set orders based on Price...