Bytecoin (BCN) available on Binance, Poloniex and HitBTC, as well as many more small exchanges, is showing great potential and has many upcoming events. Let's take a closer look and see how we can profit from this coin with a trade.
Bytecoin (BCNBTC) Full Trade by Alan Masters
CHARTS, SIGNALS & INDICATORS
The EMA200 line has proven to be a strong resistance for Bytecoin at around 580 satoshis, but if we can break this one, good gains can be realized. Here is the long term chart:
-> We can spot many of the strong signals that I look for for my trades. -> I am using always the most basic indicators and settings. I like to keep it simple, simple is always best. -> RSI, MACD and STOCH are all trending up. -> Several upcoming events for Bytecoin can push this coin above the resistance I mentioned above...
UPCOMING EVENTS
- 23 July 2018 - High Load Resistant. "With this release we present an internal guard mechanism (payment queue) that will be able to bear any high load instances..."
- 17 August 2018 - Public Testnet Release.
- 31 August 2018 - Hard Fork. "The Consensus Update."
TRADE INSTRUCTIONS
Buy in: Up to 620
Note: You can buy after breaking 580. But also can buy anytime and use a stop loss or, buy and hold long. Bytecoin is a very strong altcoin, right now sitting at #24 by marketcap., so it is safe for long term hold.
For now is when you are, even if it is in the past you can only think about it now.
When you go to the future and for the future you always wait, you are doing it now, because now you create the future that you want to see in coming days.
So now is always now, and now doesn't like to wait.
Get your life back now, by being present in the moment, breathing deeply, consciously and relaxed... now... You will finally be able to experience the future that will come one day...
But don't wait for that future, start feeling grateful now and you will be blessed by the joy of being alive today.
Looking at the 1 yr chart of BCN you can see that this coin goes threw very distinctive cycles. Honeslty in my opinion one of the best coins to trade, because as of right now it is somewhat predictable. Buy BCN in demand zone. Which is now extending from 30 - 50 sats. and simply sell at 110 - 250+ sats. So far this cycle has played out up to 4 times a year since 2016. Will history repeat yet again? I put my money on YES. GL all.
AlanSantana
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@KyleBessoni, Great advice, thanks.
JCaz82
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Not doubting that BCN can go on a run here and there. But there is a lot of “scam” talk surrounding this crypto. IMO day trade if you want, but don’t bet the farm on this one.