BRETTGUS1
Long

BCPT continues impulsive 3rd wave

BINANCE:BCPTBTC   BlockMason Credit Protocol / Bitcoin
BCPT -Price continues to confirm a third wave.

Confirmation signs
1 break of Head and shoulders pattern.
2 Break of first wave top
3 increasing volume
4 RSI confirmation


We may be at a pause in the action though. RSI is heading lower on the 1 hour chart, and the 4 hour chart RSI is oversold and probably signaling a short term correction. The Daily RSI continues to be very bullish . Target one has been hit so it is a reasonable trading strategy to pull a portion of your investment out as profit at this point. Target 2 is based onthe length of the 1 wave. Elliot wave suggests that the third wave can never be the shortest wave so a good projection is to project 100% of the 1st wave starting at the bottom of the 2nd wave. Often the third wave is the longest. We will have to see what price does.

1 hour

Comments

did shitcoin hodlers got BTCP confused with BCPT since that shitcoin got pumped last day?
P&D shitcoin
http://www.cftc.gov/idc/groups/public/@customerprotection/documents/file/customeradvisory_pumpdump0218.pdf
reported
Reply
BRETTGUS1 Monolith85
@Monolith85, I dont know. that is interesting. could enough people get the two confused?
Reply
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