goldbug1

UBQ Ubiq looks like we have liftoff

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BITTREX:UBQBTC   Ubiq / Bitcoin
Some of these coins are so new it's difficult to assemble any sort of trend especially with high volatility. My buddy got into this yesterday so I thought I would take a look. This looks to be a nice setup (almost too simple which is always a cautionary flag) as it has broke the sideways correction channel in a bullish manner and started wave 3 in our count. I would use caution and though I do NOT believe in setting stop limits (especially in thin markets such as alt coins) I would have alerts set to warn of any break down that would result in a trend reversal. I'm in at .0005998 an will be adding another position around .00062 or where I feel the trend is firmly in place. Normally I would sell at the previous high at least half the position but alt coins seem to break and run so you could keep to the sell 1/2 at the previous high or let it ride to 1.618 extension.

Good luck traders and may the trend be your friend.

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