Krystiannwk
Short

BCN waiting for good opportunity Part 1 of 3

POLONIEX:BCNBTC   Bytecoin / Bitcoin
I marked 3 important support lines based on previous lowest lows which has been formed during the last 2 years. I personally don't believe that bearish market in crypto will stop anytime soon. As long as the pair is trading below 200 EMA it should stay bearish .

I would consider to enter this coin only if the value will be close to 10. 15 or 20 is still good.

I would also wait for BTC price to slash at least another 50%. I'm agree with the JackDanielsXoXo, he has good point about cycles.

In my opinion it may happen not now in January but in may or when ppl will eventually loose hope about bullish crypto.

I'm also expecting strong decline in this market in near future.

well I assume that market will tell it's own story so let's see what will happen.

Hmmm, not very positive for the bagholder shorttime.
Getting out for max 10sat profit will risc a short spike to 50sat or more.
Just stay in and bite my fingers for not selling ;-) going very very very long....
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