Hi guys, let me start of by saying do not undertake this if you cannot handle the risk (should be true for all trades but this especially). Bitcoin diamond is a strange coin, stagnant for a while then has a huge rally over a day and sells off. At the moment is relatively safe as it appears we can't go down much further. volume is declining to a near stand still and we are approaching the downtrend line on the chart and on the RSI. Also taking into account the average days between each of the rallies it appears we are in fact overdue for one so statistically we can expect one Very soon.
BCD's history tells us we can expect at least 50% if we get one of these rallies but be extremely careful as buying in late could be extremely rough as these runs only last a day, three at most followed by a massive sell off. Fundamentally there is nothing in this coin for me just the potential to make an easy trade. I will be holding this coin until we break through these yellow downtrend lines on the chart and RSI and selling immediately if nothing occurs. If we win the lottery I will be doing a trailing stop to ensure maximum profit and to minimize my exposure.
*This is not financial advice*
BCD's history tells us we can expect at least 50% if we get one of these rallies but be extremely careful as buying in late could be extremely rough as these runs only last a day, three at most followed by a massive sell off. Fundamentally there is nothing in this coin for me just the potential to make an easy trade. I will be holding this coin until we break through these yellow downtrend lines on the chart and RSI and selling immediately if nothing occurs. If we win the lottery I will be doing a trailing stop to ensure maximum profit and to minimize my exposure.
*This is not financial advice*
評論:
Hey guys we broke through the falling resistance on the arithmetic and RSI to some more sideways action. I will update the chart soon but I will be holding despite what i said earlier. We are forming a nice bottom here and I will look to sell when i see BTC short term upwards momentum failing.
