BITTREX:RLCBTC is a new coin that has very, very recently been listed on Binance. As of now, it seems to have formed a descending channel to consolidate after its recent breakout, which is excellent for trading the highs and lows. Depending on how long the channel lasts, this can result in >40% profit in one swing, due to the decreasing trend and nature of the current volatility. Let's see if it lasts that long. It also has potential to form into a bullish flag, should it break upwards - I will publish a separate analysis, should it happen.
As always, trade with care.
If you like my analysis or I helped you in any way, feel free to send a tip - any support is greatly appreciated! BTC: 37Y9BfaRS65fAXK3swnW8EWG9NDPeF2wrM ETH: 0x97F20b3536dB21C07691fD46e021bCDd8e49483e
which price it falls do you think? When is buy signal?
Luiserebii
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@tientruong2412, That is a subjective question, I think, since it can be difficult to really predict where the price will head specifically. I think that ideally, the buy signal is anywhere in range of the lower bounds of the channel, and sell at the higher bounds, and set stop losses as appropriate.