thomas58700

Fib lines for BCD, watch for the end of correction

BINANCE:BCDBTC   BCD/BTC
Requested chart for fib lines for BCD            
Trade active: Forming a cup and handle on BCD estimating it could move down to 10500
Comment: (This is a good indicator that it will be moving up)
Comment: If you still have money floating in BCD the uptrend will be slower, but it's correction seems to be nearly over so I wouldn't worry if you bought high
Comment: It met that 10500 mark, I'm more interested in btg for now, but follow the discord voice chat with other members if you need extra input to make decisions
Comment: In a compressing triangle that will take 3-4 hours to reach the end, watch for it to break the bottom or top trends
Comment: Broke the bottom of my last triangle, then moved up to the center to form bear pins indicating a possible drop. Not looking too stable for those currently bought in.
Please update chart.
Thank
Reply
Should I sell BCD or hold? I bought it at 0.010196 btc.
Already in heavy loss
Reply
@Sharique, You can continue to hold if you like, there is another vertical fib line coming up in 20minutes which may indicate the lowest point then begin to move back up
Reply
@Sharique, It doesn't seem to be dropping sharply so a hodl might turn out to be a good idea rather than jumping and losing money, this coin should be heading back up at an unknown time frame and that should surpass its previous highs
+2 Reply
@Sharique, check out the 5 min charts to see how smooth the curve is (not jutting down violently which is a good sign for new growth)
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Sharique thomas58700
@thomas58700, i will hold on then. Thanks sir
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So confused on this coin, barely any information on it
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you sure ?
+3 Reply
@TomerK, Yep, cup and handles are sometimes misleading, this wasn't a fully formed cup; you'd be ok holding onto this coin in the long term
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