BCD pulled back along with the rest of the market, plus hitting resistance at 10 USD
Buy the pullback
Huge profits to be made with this one
Comment
⋅
UPDATE - (The same as some of my other posts)
Still a BUY recommendation
the entire crypto market has dropped. Keep in mind that similar pullbacks happened into the 2017 bull run followed by the market resuming its move up and making new all time highs
This coins is still a BUY recommendation from me. I expect it to move up when the market resumes moving up after the pullback finishes. This coin is even cheaper than when I first posted. It is at bargain price compared to just a few weeks ago.
for short term 10 and 20 USD as I think it will react to the USD price rather than BTC price
for longer term, like many other coins it has a strong chance of returning to its 2017 / 2018 high. That is around 70 to 100 USD depending on where you find the info
I think 100 is going to be strong resistance
Those prices are where I expect the price to pull back and some people might want to sell there if you dont want to stay in longer. Hopefully it can go a lot higher than those prices if it can push above its prior high
panhwarali11
⋅
target price?
shollows
⋅
@panhwarali11, sorry for the delay. I have been mostly offline for the last two weeks
BTC has been reacting to the USD price, rather than BTC price
Target prices
* 10 - recent high
* 20 - double the recent high, psychological price
* 50 - not sure about this one
* 70 - all time high reported by some web sites
* 100 - all time high reported by some other web sites and psychological price
above that, we are in all time high territory and I dont know where it will go from there
Im not saying it will hit all of those targets, but if it gets near them I am expecting it to pullback around those points.
I am not concerned about the first target 10 as that has already been softened up by the price moving through it in recent weeks
Overall, this is still a BUY recommendation and it is a bargain at 67% off compared to a few weeks ago
for longer term, like many other coins it has a strong chance of returning to its 2017 / 2018 high. That is around 70 to 100 USD depending on where you find the info
I think 100 is going to be strong resistance
Those prices are where I expect the price to pull back and some people might want to sell there if you dont want to stay in longer. Hopefully it can go a lot higher than those prices if it can push above its prior high