Bitcoin Diamond has broken out | Bullish Flag Pattern is Forming Nicely
CryptoKraze Technical Analysis
Possibility on 1 hour Chart
If you look at 30 minutes chart, you will see Bitcoin Diamond has made an impulsive move and now it is forming bullish flag. This is very common pattern in cryptocurrencies, whenever a coin breaks with big impulsive move, it pulls back and waits 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 to dip close to 50 level now, so we have a pull back done and next impulsive move is ready.
- I would have a buy entry at 0.0040000 with my profit target around 0.00560000 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.
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I approve :)
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Good post
Nice post bro
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Great technical analysis .good to have you here. 😇
I didn't understand bitcoin until just recently but now I feel that for bitcoin holders they are a tremendous side benefit, like stock dividends only better. I'm convinced the public only really cares about bitcoin so it will remain top dog for many years. I don't know which is wiser though - to separate the forked coins from your bitcoin then sell the forked coin ASAP, or to just wait a while and watch what happens
Loved your study and i agree with your analysis. We can enter and some profit now out of it.
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