theheirophant
Long

Long signal BottomFinder & BullFilter BCD Bitcoin Diamond

BINANCE:BCDUSD   Bitcoin Diamond / US Dollar (calculated by TradingView)
Analysis:
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 bullish divergence 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 .

Entry Point:
General Entry is this range is fine, just look for a local dip/low. $1.70-$1.80 would be good.

Take Profit:
The dashed red lines represent target take profit levels. We suggest cashing out 10% at T1, 25% T2, 50% T3, 15% T4.

Stop Loss:
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!
seems wrong
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@omidtbv, its taking a little longer than expected, but fundamentally nothings changed. There's also been no downside movement either. We are at bottom, I wont be selling my BCD bag until it pops.
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hi sir.any update? since the bcd is moving between 1.9 - 2.1 in these days and dont go up or down alot would be wonder if i invest more in it...
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Any updates?
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Hi Craig, yes I see 2xxx as completely possible. You can always ladder out of your position incrementally, and leave a small portion ride into the sunset in case of a pump!
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What would your BTC targets be, got my sell set at 0.001868 sats BCD/BTC pairing but think it could hit 2045 even according to ichimoku cloud
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theheirophant CraigMoss
@CraigMoss, check reply above, responded in the wrong text box
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