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CHZ / Bitcoin

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CHZBTC trade ideas

Trading = researchHi Folks, I learned the lesson of ' the trend is your friend until it bends ' through CHILIZ. When I started trading I bought CHZ at a low and rallied up through the top. I could have made a very beautiful profit. But unfortunately as many others I didn't have a plan so my total profit vanished at some point. Lesson learned; Only entry a market with an exit strategy. I found it astonishing that so much people want to know WHEN to entry a market but I almost never get asked for when to EXIT a market. So al that much for now. Going back to the chart. I really like the underlying project of Chiliz. I see very much potential in it so I keep my eyes on this asset. What does this chart tells me? I see a descending triangle. As I have learned to think in possibilities and probabilities my experience has thought me that more often than not a descending triangle 'breaks' out downwards. And this is the (I find interesting) part of Trading this not always have to be. For now it has ' broken' the descending triangle upwards and the prices move to the first resistance point. This is where my interest goes now. What do I do next? I wait patiently with my eyes and mind open to see how the price will develop in coming days. Quote of the day; A man who prepares himself for success, must become successful one day.
by MoneyMakingMuro
Chiliz Partners with UFC®"UFC®, the world’s premier mixed martial arts organization, and Chiliz, a leading blockchain provider for the sports and entertainment industries, have announced plans to launch a $UFC Fan Token on fan engagement and rewards mobile app Socios.com." medium.com ------------------------------------------ What is Chiliz? www.chiliz.com Chiliz is world’s leading blockchain fintech provider for sports & entertainment Chiliz developed the Socios.com sports fan engagement platform which is built on the Chiliz blockchain infrastructure & uses $CHZ as it’s exclusive on-platform currency. Chiliz provides sports & entertainment entities with blockchain-based tools to help them engage & monetize their audiences. ------------------------------------------ Chiliz is now providing a UFC Fan Token (This is a UFC Themed Cryptocurrency that fans can acquire and trade with eachother), this can potentially bring a new wave of users and interest to this Cryptocurrency and potentially lead to increases in value, not to mention there is a another strong sign, the Bull Flag Pattern which is explained below: ------------------------------------------ Bull Flag Pattern: Click the below image for a educational idea on the Bull Flag Pattern. Bull Flags are one of the most well known & easily recognized chart patterns. The most important factor in identifying any flag pattern is the clear "staff" or "flagpole"; there should be a straight run upwards leading up to the pattern or it is not a valid pattern. After the straight run upward price starts to Zig Zag between two converging trendlines forming a tight wedge (it can be slanted, or even symmetrical) until the price "breaks out" above the upper trendline signifying a possible continuation in trend upwards. The pattern is measured and added to the bounce area before the breakout for a potential target area. ------------------------------------------ I hope you enjoyed the idea and found it insightful, if you did you can show your appreciation by Liking & Commenting, thank you!
Long
by Worth_The_Ri5k
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