Overall BCCBTC is in a range between .0640 and .2262, the range provides plenty of safety for us for now. You will note on the chart its currently in a (downward) channel which is overlaid in light blue, you can profit from this.
You will also note that every move up finished by a Large decisive bar (The bar closes near the top, circled in yellow), the market then slowly retraces the whole length of the bar or more. We have such a bar on 8th of February and a retracement that is underway but not complete.
We would sell this now at live price around 0.1435, with an initial re-buy target of .1240, and for those brave enough leave about a quarter of the trade for the bottom of the range at 0.06500. for your re-buy. If we see an unexpected turn upward to .166 this will be your stop loss close position.
Remember if you want to make Dollars your decisions have to make sense.
Please note: Buy and hold positions create a clear bias in the opinions of traders, we have seen the effects and continue to see the effects of to many people holding coins and then trying to talk up a falling coin. What I intend to do is trade it, make money from it and share my thoughts with you.
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