Hello Friends,
We just witnessed a correction with major coins and will continue further correction for the remainder of this day. Then we enter a consolidation period for about 4-8 days. During this time we will shall see some activity with minor coins.
During the consolidation phase traders will be looking for new opportunities shifting their attention towards minor coins and as such BQX being one of them. Swing traders, scalpers and the like will look here then begin to see the opportunities that BQX presents; regarding strong support and the many reversal signals seen on the daily chart. A good example of this is the period of Jan 9th to the 17th. BQX during consolidation of major coins bounced up over 300%.
Looking at the 1 day chart we see candle stick reversal patterns emerging. On the chart provided you will see a MACD Bullish Divergence and a fractal buy signal and a good indication of a reversal within MA.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
We just witnessed a correction with major coins and will continue further correction for the remainder of this day. Then we enter a consolidation period for about 4-8 days. During this time we will shall see some activity with minor coins.
During the consolidation phase traders will be looking for new opportunities shifting their attention towards minor coins and as such BQX being one of them. Swing traders, scalpers and the like will look here then begin to see the opportunities that BQX presents; regarding strong support and the many reversal signals seen on the daily chart. A good example of this is the period of Jan 9th to the 17th. BQX during consolidation of major coins bounced up over 300%.
Looking at the 1 day chart we see candle stick reversal patterns emerging. On the chart provided you will see a MACD Bullish Divergence and a fractal buy signal and a good indication of a reversal within MA.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
Trade closed: stop reached