$alt Coin has formed Bullish Flag Pattern | 2nd Breakout is Imminent
CryptoKraze here
Possibility on 1 Hour Chart
If you look at 1 hour chart, you will see $alt has made a big impulsive move and now it has formed a bullish flag. This is very common pattern in crypto currencies, whenever a coin breaks with big impulsive move, it pulls back and wait for some time before making next impulsive move. If we look at RSI, it has gone above 70 level in first impulsive move and has dipped to 50 level now, so we have pull back done and next impulsive move is ready. If we look at bollinger bands, the price has touched upper bands and now it has reached median line and break above is ready.
- I will have a buy entry at 0.00098500 with my profit target will be around 0.00013000 and 0.00018000 or above.
- Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose. Bitcoin unexpected move will make this analysis void.
Very informative post,please upvote me adsactly
how do you think or your prediction about bitcoin price in 2018 whether it will be increasing or going down.
I just want to survey some people's opinion
Awesome your technology my friend. i waiting for your next post. thank you so....... much
I bought some of it before. I hope it will have move value this 2018. Nice post @cryptokrze
I AM NOT Trading on $alt coin but i check out your picture of analytical graph shows how fast it's growing but remember one thing it grow down as well in short period of time.