$alt Coin has formed Bullish Flag Pattern | 2nd Breakout is Imminent

in #bitcoin6 years ago (edited)

CryptoKraze here



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In this post I am going to cover technical analysis of $alt Coin for Mid short trade. I am using tradingview charts and price linked to Bittrex exchange. Let's have a look on technical aspects of $alt.



Possibility on 1 Hour Chart

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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.


Have a look on my other Posts

Bitcoin Technical Insight by Crypto Kraze | We have started Journey to $24,000

Averaging Technique in Crypto Trading

Steem has formed Bullish Flag | We are going to hit $10

Crypto Kraze Trading Results | $XDN Call has given more than 200% Profits

Crypto Kraze Trading Results | 200% Profit made on $Nexus Trade



If you like my posts and analysis and want me to add analysis on more cryptocurrencies, let me know in comments and I will add analysis



Disclaimer
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.



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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.

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