UBQ BTC | Movement Predictions | Next Few Months?

This is not a trade call or signal!
This is my study using fibonacci, support and resistance. :) Feel free to comment or critique!

Movement 1
- Break through 0.786 resistance and it becomes new support.
- Next resistance will be 0.618.

Buy Zone - Set buy orders after pull back from 0.786 breakout at 28k - 30k

Stop Loss - 26k if support A doesn't hold

Sell Target - 43k for 50% profits. Possible for 53k (0.5)?

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Movement 2
- Fail to break through 0.786 resistance and drops to support A before making another run to test resistance
- After touching support line A, it will begin Movement 1.

Buy Zone - 21k-23k

Stop Loss - 20k (10-15% loss)

Sell Targets - 28k (10-30% profits) or 43k (80-100% profits)

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Movement 3
- Support line A doesn't hold, it will find next support at support line B
- Support line A is now resistance
- If breaks through support line A, proceed on to movement 1 and/or 2.

Buy Zone - Accumulate 16k - 20k

Stop Loss - 14k (10-15% loss)

Sell Targets - 28k (70-100% profits) or 43k (200%-260% profits)

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

All the best my friends!

Kommentera:

UBQ is currently in Movement 2! :)