One can buy on the lower side of the triangle or on Breakout
Note: Breakout has to be decisive and sustained, means If pump and dump happens then ignore it. Please wait for 30 mins to get the confirmation of the breakout.
or on Breakout above 12000
Note : Please book profits on each and every resistance. Try to buy back at lower levels to earn more profit.
I would book at 17000 , wait for consolidation and buy back for next targets.
Our previous analysis was solid $500 profit.
BCH going to explode.
11700 - Achieved
14300 - Next (Book your profits)
Hold for more.
More than 100% in 3 days.
14300 - Achieved
17000 - Achieved
21300 - Achieved
29000 - Next ( I think it will take some time)
This is a cycle: Stay on Support, Gain momentum, raise and consolidate.
Coming back to topic,
I see round bottom / Cup and handle pattern, means it is going to break out soon
Volume is decent.
For Smart Trade : Register here. You can do trailing sl or take profit easily.
The strategy can be like 25%, 50%, 75%, 100% or on each every target (10% or 15%) as you like. It would consolidate for some time before it moves up. You can hold it, should not be a problem.
Thanks for your feedback, will definitely do that next time for sure! I'm going to put my sell order near the next resistance, do you recon to sell it for BTC or USD?