Pair: BCN/BTC
Exchange: Poloniex
Trade Duration: Medium
Risk: Moderate
Introduction
Bytecoin is an open-sourced, private and untraceable cryptocurrency that was started in 2012. Bytecoin is the first coin that implemented CryptoNote technology as a default aspect to build a project. Launched in 2012, Bytecoin was widely spread in the Dark Net as one of the popular available methods for payment. The main thing that separates Bytecoin from most of the other coins is total anonymity - as soon as your transaction appears on a blockchain, your address can’t be viewed by anyone.
Technical Analysis
- Revisited Key Support Level (Catalyst For Previous Runs)
- Broke Downtrend
- RSI Confluence
- Tight Range (Expecting Expansion)
Fundamental Analysis
- Early Hardware Wallets Support
- Mainnet Hardfork Estimated 6 March 2019
Our Entry Zone
0.00000016 - 0.00000018
Our Targets
1: 0.00000024
2: 0.00000029
3: 0.00000034
4: 0.00000047
5: 0.00000063
6: 0.00000089+
Our Stop Loss: 0.00000014
Don't forget to hit that like button and give us a follow, we really appreciate it!
Comment your thoughts below.
And most importantly, enjoy your day!
Crypto Eye Team
------------------------------------------
DISCLAIMER:
This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
Exchange: Poloniex
Trade Duration: Medium
Risk: Moderate
Introduction
Bytecoin is an open-sourced, private and untraceable cryptocurrency that was started in 2012. Bytecoin is the first coin that implemented CryptoNote technology as a default aspect to build a project. Launched in 2012, Bytecoin was widely spread in the Dark Net as one of the popular available methods for payment. The main thing that separates Bytecoin from most of the other coins is total anonymity - as soon as your transaction appears on a blockchain, your address can’t be viewed by anyone.
Technical Analysis
- Revisited Key Support Level (Catalyst For Previous Runs)
- Broke Downtrend
- RSI Confluence
- Tight Range (Expecting Expansion)
Fundamental Analysis
- Early Hardware Wallets Support
- Mainnet Hardfork Estimated 6 March 2019
Our Entry Zone
0.00000016 - 0.00000018
Our Targets
1: 0.00000024
2: 0.00000029
3: 0.00000034
4: 0.00000047
5: 0.00000063
6: 0.00000089+
Our Stop Loss: 0.00000014
Don't forget to hit that like button and give us a follow, we really appreciate it!
Comment your thoughts below.
And most importantly, enjoy your day!
Crypto Eye Team
------------------------------------------
DISCLAIMER:
This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
