HiTech

BlockMason VS Bitcoin Upcoming Scenarios

BINANCE:BCPTBTC   BlockMason Credit Protocol / Bitcoin
Since the beginning of May, when BlockMason Credit Protocol rejected the resistance at 6900 satoshis, it has lost over 46% to the Bitcoin . Currently BCPT/BTC is trading at 3860 satoshis, and this is 161.8% Fibonacci retracement applied to the corrective wave up after the ascending channel breakout.

Today price reached this support level and seem reject it, while starting to move slightly upwards. The current Fib support should play a key role in further price development and while it continues to be respected by the market, trend reversal is likely to take place. 

On the other hand, daily break and close below 3860 sats should trigger yet another wave down, that should result in the decline towards next Fibonacci support level , that is 2600 satoshis.
Comment: Support holding
Trade closed: target reached
Hello
Can u start new ta for this coin.? I think its going up now pleaseeeeeee
Reply
HiTech Mohammad78
@Mohammad78, yes most likely it will reverse
Reply
@HiTech, thanks for your answer
Reply
Hello
You can help me very much if u want
Now what i should to do sell bcpt or buy
Thanks very much
Reply
Heloo
Is it alive now please say sooon?tnx
Reply
Support holds????? Time to sell????
Reply
HiTech Mohammad78
@Mohammad78, there was no daily close below previous low, so it holds
Reply
Hello . Now when go down to below .00038 sell ?
+1 Reply
pezhman.asadbegi pezhman.asadbegi
@pezhman.asadbegi, please say truth!
Reply
HiTech pezhman.asadbegi
@pezhman.asadbegi, support holding, so far reversal is taking place
Reply
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