CryptoKraze here
Possibility on 30 Minutes
Reddcoin has made a huge breakout and has gone up 600% from the bottom. Although I had my position from 14 satoshi and took profit on 60 satoshi. There is possibility of reddcoin going for another leg up. First impulsive move was gone to 60 satoshi and then we had a bullish flag which cause another impulsive move to 88 satoshi. Now another bull flag is forming and it can cause another impulsive move that will be bigger than the previous move. RSI is approaching 30 level and we can see price moving up again.
- I will wait for a little more dip just above the red highlighted area and my profit target will be around 110 to 120
- Stop loss just below the red highlighted area is must for trading if you don't know the averaging technique or strategy.
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 pump or dump will make this analysis void.
I was thinking what the hell is this ReddCoin? 😂 Thanks for the analysis. Take a look at Xtrabytes. I think it can be a huge gainer in 2018!
I will look into it and add analysis for it. Right now Bitcoin is dumping and when it does all analysis gets void.
I love advice on short term trading. Some of us can’t wait years for a return. Great post!
I need to study more!
your analysis is very solid I hope to win some of it you upvote and resteem in my blog with +1200 follow can i get upvote in return thank you continue to do a good job
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