Hello guys,
If you missed the initial hype you have a opportunity to go LONG on BCC.
-As you can see, the price has break the up- trending line. Now we can expect a correction to the purple rectangles. (.50 and .61 Fibonacci). After this we can expect the price to go up to taste the "all time highs" again.
SO, looking at the chart. I will entry half of my position at purple rectangle # 1 and the other half of my position on purple rectangle #2.
-Stop loss at red rectangle (below 500$ mark)
-Take profit at green rectangle ( All time Highs).
I'm sure that the chart is pretty clear and offers us a nice RISK/PROFIT Ratio.
(Remember that anything can happen so use a wise money management)
If you like this analysis and profit with it don't hesitate about following me and thumbs up this chart.
TIPS are welcome too:
BTC: 19sYzxs7GiES8fJpLaXtjawDxxxY3MW5H5
Thanks and Good trading :)
If you missed the initial hype you have a opportunity to go LONG on BCC.
-As you can see, the price has break the up- trending line. Now we can expect a correction to the purple rectangles. (.50 and .61 Fibonacci). After this we can expect the price to go up to taste the "all time highs" again.
SO, looking at the chart. I will entry half of my position at purple rectangle # 1 and the other half of my position on purple rectangle #2.
-Stop loss at red rectangle (below 500$ mark)
-Take profit at green rectangle ( All time Highs).
I'm sure that the chart is pretty clear and offers us a nice RISK/PROFIT Ratio.
(Remember that anything can happen so use a wise money management)
If you like this analysis and profit with it don't hesitate about following me and thumbs up this chart.
TIPS are welcome too:
BTC: 19sYzxs7GiES8fJpLaXtjawDxxxY3MW5H5
Thanks and Good trading :)