TRADE ANALYSIS: NCASHBTC - 44% ROI - 4:1 Risk/Reward

Nucleus Vision had a massively hyped ICO that I unfortunately missed out on participating in. YouTube influencer Ian Ballina (also an advisor) had rated this as an ALL STAR project. You can check out his review of Nucleus Vision here: https://goo.gl/HVhk71

While extremely disappointing that I had missed out on in participating in the ICO, an opportunity to purchase Nucleus Vision at a great price has arisen due to the overall contraction of the cryptocurrency market cap.

So, if you are thinking of buying this coin for the long term as an investor, this may be the last opportunity at these low prices. But for me, as predominately a trader where my objective is to accumulate BTC, I still need a reason to enter into a trade.

Based on my technical analysis, price has already started to breakout and have entered into a LONG position:

1. Tight squeeze / consolidation zone
2. High return on investment (51%) with 6:1 risk/reward
3. Increase in volume on breakout of the consolidation zone

To follow this trade analysis on TradingView, click here => https://goo.gl/ScHzuN

Rule of thumb: A losing trade is a GOOD trade if you followed your rules and it just didn't work out. A BAD trade would be letting your emotions take over and deviating from your trading plan.

Welcome your comments on my trade analysis.

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.