Let’s take a look at GXChain on Binance ( GXSBTC ). Bitcoin is retracing, we shared the different support levels, but the altcoins market remains strong… Great signal, so let’s keep on…
- GXSBTC Broke its downtrend (red line) and is starting to move up.
- Above average volume to break above EMA10.
- Bullish RSI.
- MACD trending up.
- Hit like to show your support.
Because simple is best!
All the details on the chart.
This is not a piece of trade advice.
Thanks a lot for reading.
(1) 0.000170 -Reached 5-June (+12%)
(2) 0.000196 -Reached 5-June (+29%)
(3) 0.000213 -Reached 5-June (+40%)
Enjoy the profits.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.