BCPTBTC is in a bottoming process and history has proven that it can go down from here but when it gets moving it really likes to go.
I AM NOT SAYING BUY HERE. I THINK BTC CAN GO DOWN AGAIN AND THAT IS WHEN I WOULD ENTER. FROM 4000 BCPT IS A TRIPLE TO 1200. FROM HERE IT IS HARDER TO 3X SO 2X IS BETTER TARGET.
My buy zone in purple box. Sell zones would be red lines and fib zones at least to the 7500 50% but I see no problem in going back to 1500 zone it hit twice before.
This chart has always been weird on TV there have been two large moves to around 1500 and maybe the 1200 zone .76 fib level is more legit.
Remeber on the way up to look for resistance. That is the OLD SUPPORT denoted here. Draw your lines right or suffer losses!
Not trade advice