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BitBookkeeper
Oct 31, 2018 7:24 AM

$BCPT gaining strenght inside of Ascending Channel Long

Description

BCPT continues to gain strength as demonstrated by the rising On Balance Volume that is measured on the chart. This coin has been in this trend since September 18, 2018. If it continues to gain strength it may eventually break out of the channel. Channels can go either way but we should always be looking at different indicators to see where a coin is likely headed. A good strategy is to buy at the support and sell at the resistance if there is not enough volume to breakout. If you decide to buy upon a break up from the channel resistance make sure to confirm the move up or vice versa.
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