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DakotaPark

12/15/2017 Long BCC:BTC

Long
DakotaPark Updated   
BITTREX:BCCBTC   None
Trend Analysis Technical Indicators BCC BTC BCCBTC BCH BCHBTC Cryptocurrency
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trendanalysis indicator bcc btc bccbtc bch bchbtc cryptocurrency
Buy entry if close above resistance #1 with stop-loss below for fake breakout. If price bounces, target is above resistance #3. MACD crossover held and RSI indicator confirming bullish trend (under over-bought zone). Keep eye for MACD crossover at the top for sell indication or move stop-loss up.
Comment:
Update #1: We are are trending up and hitting that resistance line. Look for a 1 hr candle close above resistance and initiate a buy order. (More conservative investors wait for price to see if it bounces off the resistance #1 line - if it does, then initiate buy order).

Stop-loss: Below 0.10433980 (10%-15% below buy-in price)
Buy-in: Over 0.10433980 after candle close

Cheers!
Trade active:
Trade is now active as we have a 1 hour candle close above resistance #1. Stop-losses should be placed slightly below this (resistance #1 should now act as our support). If price bounces off the new support and closes above the teal resistance #2 downward trend line, we should see a pretty steep breakout for some solid gains!
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