Short REP/XBTGot both of my confirmations to enter a short position on Augur/Bitcoin.
Entered short at .001181
SL at 1X ATR from the swing high .001227
1st TP at 2x ATR .001139
I will buy 50% back to close, move SL to break even and let the other half run with a trailing stop of 1x ATR.
REPBTC trade ideas
Beautiful REPXBT channel that JUST BOTTOMEDREPXBT recently wicked the bottom trendline of the long term channel, and has rocketed to the daily ichimoku cloud on volume. This is a strong reversal sign. Strap in! Short term target is the flat kumo.
REP (AUGUR): Decent Risk to Reward todayMy coin of the day is REP (augur.) Buying in simply based on previous patterns/price action. MACD and RSI are less than desirable but oh well. Volume/Price action look decent enough to bring it near the top of the channel again. My target is more conservative than that, as you can see.
REP IS ABOUT TO BLOW UPForget about the day to day fluctuations. Just buy and hold until target. Not that I'm shilling advice :)
