BCC has been on a good run over the past day. There have been a number of consolidation triangles that formed along the way that made for some good entry points. After running up to the 0.2 BTC level, it's taken a breather. It's formed a triangle pattern and could head back up to complete a double top or head past to around the 0.22 level. BTC's movement is obviously affecting BCC, but the patterns/indicators work just the same. The triangle doesn't give an indication of which way it will move, but if it moves up we can be set up to jump in for the ride. The 0.2 level will likely provide resistance and potentially stop the upward movement, so taking some profits at that location could be a consideration. If it breaks down past the 618 FIB it will hit the trend line just below it. I expect quick movements either way, so if you trade it, have your buys and stops set-up quickly.
...but what do I know, I'm just a space suit engineer, not a trader.
Good luck!
...but what do I know, I'm just a space suit engineer, not a trader.
Good luck!
注文をキャンセル:
Pattern breakout failed to produce movement. Wait for new pattern.
トレード終了: 利益確定目標に到達:
Target reached...and then some! Hope some folks cashed in. I'll publish a new idea if a pattern develops.
...but what do I know, I'm a space suit engineer, not a trader.
Good luck!