GXC/BTC Accumulation channel 60.66%. Price management.

Chinese cryptocurrency. These trading instruments are well suited for accumulating large positions, especially since the Chinese have made an accumulation channel step as much as 60% (60.66). The hamster's dream to increase the amount of the deposit to XXL is done even before leaving the accumulation channel. Then, when the trend reverses and a new upward controlled uptrend develops, the sum is multiplied several times. But this is ideal. Not everything is always so smooth.

The accumulation channel is almost 365 days old. It can also be seen that the channel clearly works by zones. All values ​​of the levels are indicated by the price. The potential price reversal zone is shown on the chart.

Here I have shown a chart and symbolism for the work that will possibly develop on a global scale if the price leaves the accumulation channel.

Fundamental. As far as I remember the developers from some Chinese university, perhaps this is just a legend. It is not possible to check reality, as on the Internet any proof of reality can be done if desired. Although the crowd always believes in any nonsense.

The ideal entrance is:
1) From the bottom of the channel of accumulation in the stop zone before the destruction 14. Or the so-called zone 10% (money zone 16).
2) Already from the resistance of the channel on a breakout or pullback after a breakout. In the trend turning zone 21.

Project legend for hamsters.

GXChain is a fundamental blockchain for the global data economy designed to create a reliable Internet of value. Leveraging Graphene's core DPoS architecture, GXChain has features including G-ID, GVM, BaaS, and Blockcity that are convenient for application development. GXChain powered DApp-Blockcity reportedly has over two million verified users and provides data to other DApps and strategic partners. GXChain has launched a decentralized data marketplace and serves hundreds of Chinese businesses. The GXChain team independently developed their core network and launched in June 2017. GXChain currently claims there are 2 million verified users in the DApp ecosystem. Such is their legend of visibility of work.


The accumulation chart of the 👉GXC coin is very similar (volatility) to the chart of the MTL coin. Compare yourself.

Here is a trading idea for this MTL coin.
MTL / BTC Channel + local trending. 9 months - 5 pumps from + 50-220%

MTL at the moment is inversely proportional to GXC near the bottom of the channel.
GXC, on the contrary, is near the channel resistance. Here are two pairs that go asynchronously to each other (I have a learning / working idea about this). On these two pairs, you can work simultaneously on the principle of a local pump-dump inversely proportional to each other.

Within this idea, I have combined many teaching / real trading ideas. Maybe someone will be useful. 2216
I show trading training only on a live chart + real work without success stories in trading on the old chart.

Read, understand, experiment, gain experience, there is still time before crypto-harvesting of hamsters).

There must be a strategy and a plan. At the same time, your strategy and plan should be flexible from market situations.

Comment:

31.18

Comment:

After a false breakdown of the accumulation channel, the price reached the bottom of the channel. Now there is a zone of potential reversal from the bottom of the channel, but the drain is quite strong, and the price may fall below, most likely with a squeeze. It is better to enter a trade when there is confirmation of channel support, as it is quite dangerous now.

Comment:

After the breakout of the channel support, a falling wedge has formed. Potential long entry point on breakout of wedge resistance (downtrend line). Potential target - mirrored resistance level (former support for the horizontal channel).