Right now with GeoCoin, as with most coins, it's very safe to enter the market with a long position..
Carefree trading in the mid term.. Set your sales order according to the top line of the fan, adjusting it from time-to-time as it progresses..
It's not easy to predict how long a coin will take to reach the target, but one could look at how it performed previously to get a better idea on how it's likely to do in the future..
This one moves pretty fast and was out of the gate very soon, since we're still waiting for the real BTC breakout, which I'd imagine will bring on a cascade of altcoin explosions..
There's a commonality I've found before big breakouts..
No clue what it means or what purpose it serves, but it's there every single time..
It's a set of 2 very closely matched (in height) candles, that form something that resembles an "H"..
What these tell you, is to watch this space..
WilliamVan
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@Lezz, Hi Lezz, could you pls give more detail about the H? and is this pattern visible on GEO now?
THX
tradingview.com/chart/307H4XOT/
There's a commonality I've found before big breakouts..
No clue what it means or what purpose it serves, but it's there every single time..
It's a set of 2 very closely matched (in height) candles, that form something that resembles an "H"..
What these tell you, is to watch this space..