The Bitcoin Diamond lotteryHi guys, let me start of by saying do not undertake this if you cannot handle the risk (should be true for all trades but this especially). Bitcoin diamond is a strange coin, stagnant for a while then has a huge rally over a day and sells off. At the moment is relatively safe as it appears we can't go down much further. volume is declining to a near stand still and we are approaching the downtrend line on the chart and on the RSI. Also taking into account the average days between each of the rallies it appears we are in fact overdue for one so statistically we can expect one Very soon.
BCD's history tells us we can expect at least 50% if we get one of these rallies but be extremely careful as buying in late could be extremely rough as these runs only last a day, three at most followed by a massive sell off. Fundamentally there is nothing in this coin for me just the potential to make an easy trade. I will be holding this coin until we break through these yellow downtrend lines on the chart and RSI and selling immediately if nothing occurs. If we win the lottery I will be doing a trailing stop to ensure maximum profit and to minimize my exposure.
*This is not financial advice*
Bitcoindiamond
Bitcoin Diamond (BCD) : Ride the LightningPlease note that I've been waiting for this coin to move for some time.. It's had a few false breakouts, so there's no guarantee that this one will hold..
For this reason, I'd strongly suggest buying low and staying in, until it's clear whether it intends to complete the run..
Scalping it is great fun and very profitable, but it may leave you buying the top, and that's less fun..
BCD to $1000?I don't completely believe it, but anythings possible, especially in this doomed market lately. This could be the one that pulls us back up to seeing the coins that were doing 100-300% per day in gains. Maybe it will kick start us. Maybe it will die off. I have no idea. But I have hope!
