Hi guys, this is the XEM BTC one hour candles from Bittrex. (#2 profit target is 10082*)
In this analysis I take into consideration that we are in an uptrend and just bouncing on the MA which is always the very best time to enter a long position. That level at which the price is bouncing is also a support level that was set long time in the past. Also the RSI showing oversold which indicates it should start to go up. There we have 3 indicators telling us that this is likely to go up.
To find my profit targets I used the fib extension tool. I will decide if I take all the profit in the target #1 or only 50%, or I might leave it all in to the target #2 if I see various indicators showing strength.
If you want to copy the trade please make sure you set your stop loss! Things don't always go up, only 70% of the times will work out as we expect it so be ready to take your little loss if the 30% happens!
Happy trading xx
Thanks dobe for all your wise thoughts! I recently found your youtube channel and really like the technical analysis you do there. Could you tell me what you think about te recent downfall of bcc today and yesterday? I actually bought som yesterday ass well. The graph looked bullish and the prospect of Bcc are to my opinion also good. And any thoughts on GAME?
Hopefully I am not a pain in the ass
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
One more question. On the 14 of this month poloniex will credit bcc to all the people who had btc balance at time of the fork. You think this would have any influence on the price of bcc at all? Am really interested in what you have to say about all this.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well I didn't think about that... I would say it's more probable that people will crash the price again. That's what happened the first time so I don't see a reason why this time would be different... Just speculating here...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi not a problem, I love BCH too. I think it's always good for the long term. I didn't even bother downloading a wallet to access my BCH yet, so there they are, in limbo. As for the short term I will not buy more until the chart looks better. Right now we are below moving averages so that is enough for me to not look further. As soon as we break above MA I will update on YouTube for sure. I am waiting for it ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit