Bullish Bitcoin Diamond: Double Falling Wedge

BINANCE:BCDBTC   Bitcoin Diamond / Bitcoin
Bitcoin Diamond ( BCD ) Overview

Bitcoin Diamond ( BCD ) is a hard fork of Bitcoin . The fork occurring at block height 495866, implemented changes including a new proof of work algorithm to deter attacks on the network and segregation of transaction signatures from transactions on the chain for additional capacity allowing a greater number of transactions per second on the network as a whole.

Bitcoin Diamond ( BCDBTC ) Chart Analysis

We are looking at Bitcoin Diamond ( BCDBTC ) on the daily time frame, we have the bullish pattern called "Falling Wedge", let's take a look:
  • We saw a falling wedge , drawn left, that produced an 85%+ breakout. Now we see a second falling wedge forming for Bitcoin Diamond which we believe can produce even more gains.
  • This pattern is supported by bullish divergence on the MACD , marked with magenta arrows.
  • We have the same divergence shown on the RSI . The bounce on late May might as well have been an accumulation move.
  • Big bags are being accumulated by whales and big money all across the board... Something really big is coming.

Do you think the altcoins market will have a bull run in 2019?

Which are your top 3 favorite altcoins?

Share with us in the comments section below...

🔥 Telegram 💬

🌐 Trade Crypto NOW!
(Crypto-Trading, Altcoins, Binance, BitMEX, Strategy, Chat & Support)

✅ Telegram Signals


Related Ideas

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out