deanbyronbay

BANCOR- when to buy? BNT/ETH Buy signals?

BITTREX:BNTETH   Bancor / Ethereum
BNT             is in a down trend. When is a good time to buy?
When the down trend is finished and a new up trend is forming.
But don't buy too early - wait for the trend to turn and the chart to show confirmation that the down trend is finished.
I like to use count back line analysis as a buy signal = buy on the daily charts when price closes above the height of the third lowest significant candle = green line. But not before.
This charts suggests to me that we will see lower lows before higher highs.
A solid base has yet to form.
Soo, starts to look kinda that an uptrend might be coming?
Balas
@Flyby, so many false starts and disappointments. Steer clear until a strong close and price stays above red line.
Balas
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