How is the cryptocurrency market treating you?
Many new opportunities are developing every day, and old ones paying great profits with much more to come (check the related ideas).
It's been a while since our last SteemDollars ( SBDBTC ) analysis. I did a search on my profile and the latest one is from September 21st, 2018.
I am happy to share that we hit all of our targets for great profits, you can see it here:
Now, I am seeing that SBDBTC is getting ready to move again so I am sharing it with you in case you too want to profit.
We are looking at a weekly chart here, so this is long term... feel free to hit like now, if you want to and let's get started with the chart!
- Notice how SBDBTC has been moving up steadily since September '18 without much retrace.
- It has gone through a long period of consolidation above EMA50 and now EMA10 is moving up as well.
- The is strong at 59 showing that the bulls remain in control.
- We have a called a "bull flag" or "bullish rectangle" which can easily break up.
Conditions for change: This is an easy set up to trade but things can always change. A break and close below EMA50 and EMA10 would change this set up and a new analysis is needed. Remember to always use a stop loss.
This is not a piece of trade advice.
Thanks a lot for reading.
Remember to hit like.
Over 35% profits generated.
Will keep on sharing, improving more and more, and strive to provide better content and safer more profitable trades.
Thanks for the support.