CryptoKraze here
Bitsend has broken out with big impulsive move | Wait for flag formation and ride next wave
This was the chart I posted at time of my entry. As you can see $Bsd has made a big impulsive move and now it has formed a bullish flag. This is very common pattern in crypto currencies, whenever a coin breaks with big impulsive move, it pull backs and wait for some time before making next impulsive move.
Now we will look at the current price in below chart
So the result of this trade based on bullish flag pattern is obvious because trade has nicely hit profit target. I have Exit at 18500 because RSI was approaching 70 level. I have managed to profit 30% in less than 24 hours.
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose. Bitcoin unexpected move will make this analysis void.
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