Mar 28, 2019 --- Altcoins
We have added to our WTC position.
As per our plan we are happy to scale in slowly through the bottoming process scooping up oversold tokens with a view of scaling out when the market heats up. This bottoming price action is looking solid with the low tested multiple times and held. Our latest position was entered off the latest double bottom breakout level. Volume profile is also showing that this level has been heavily accumulated by the so called 'smart money'. Price is currently holding above the EMA's and while momentum is now negative we feel this is needed to recharge for the next leg higher. It is also worth noting the weekly willy is very oversold and starting to move higher.
Trade entered at 0.00030500
Initial target 0.000xx
Initial stop loss - 0.000xx
At BBA we provide members with suggestive Bitcoin trading and Cryptocurrency trading strategies, and analyse the Bitcoin value on a daily basis. This can all be access via our hub, which is the ultimate bitcoin trading platform for traders.
You can sign up for free here as see the full content.
Bitcoin trading can be extremely profitable for professionals or beginners. The market is still new. Learn the best strategies with this article.