Long signal BottomFinder & BullFilter BCD Bitcoin Diamond
With a first ever occurance of BullFilter bottoming out at zero for a few days... This definitely means something significant is afoot. After bottoming BullFilter is now showing a while price is still flat.
Accumulation has been ongoing for almost a month now with no significant breaks to the downside.
Last point and its a BIG one. Please compare the market cap to price level for BCD versus literally any other cryptocurrency. Market caps generally tend to follow price. Right now the market cap is significantly out of wack compared to price and so we expect price movement soon. To see market cap data, coin market cap can be used .
General Entry is this range is fine, just look for a local dip/low. $1.70-$1.80 would be good.
The dashed red lines represent target take profit levels. We suggest cashing out 10% at T1, 25% T2, 50% T3, 15% T4.
We are already at the bottom here, so no stop loss. IF a significant drop were to happen, we would simple see it as a good opportunity to Dollar Cost Average our entry lower. So please reserve a portion of your base currency in case this situation arises. Its almost always a good idea to have a little on backup for a DCA . DCA point would potentially be around $1.50.
Upon completion of T1 move stop loss to entry point to secure a risk free trade. Additionally continue moving stop loss up by one target each time a new target it reached. i.e. when T2 is reached, move stoploss to T1 level.
This way you can ride out dips with no anxiety and automatically exit the trade in profit should you not be around to monitor!