BCD is somewhat acting the same with BTG, both coins pump so hard sending the RSI to hit the overbought conditions on a single candlestick.
BCD also manages to break 200D MA key resistance which indicates strong buying pressure. But let's not forget that during its strong uptrend,
no significant support is built in between. Don't be surprised the price...
BCD is testing the previous support or higher low at 5000 sat and the price is approaching the end of the apex pattern. Technically, bears have control of this market as price is trading below 50 Day MA.
Bulls may have temporarily fought back to keep the same swing low but time is running out to decide who will take the lead. Expect a large move to...
Hi, everyone. Today I want to show you something interesting. Look at BCDUSD chart - 4H.
What I see:
1. Long balance structure (the more the balance is formed, the farther the pump will be)
2. Look at the point 1, 2 and 3. At hits points the price showed a big volume, but the reaction wasn't bear. It means that this volume wasn't a bear initiative. Because if it...
All past month BCD was losing in value. Even when the total market was rising, BCD falling. It is hard to say what it is connected with. Fundamental news on the coin is good, but the price is not growing.
But now the price has come to the area where it is very profitable to buy. Practically BCD near the historical minimum. As soon as the price will close and hold...
BCDBTC Volume Analysis Prediction
Unexpectedly, BCD fell down and updated its minimum. Honestly - for me it was a surprise.
But in this falling there is an interesting nuance.
Look at the vertical volumes when the price moved down - they are minimal.
It mean that it was a large number of small systematic sales, not a panic sale.
Then we saw 2 impulse bars,...
Stop Loss at 5650
Yes, I am going short. The price rose very fast twice already. I am wondering if those who made huge profits ends up selling up. Also, would some try to add shorts here?
Do Realize that this is very scary to short on a rising market!
This is no way any recommendation to buy or short any stocks, crypto or anything. Please do your own research
Bought at current market price.
Amount is lower than normal as already there has been large movement as expected. Check my previous charts to see how consistent or inconsistent I have been.
Stop Loss I have set at 5385. However, do realize that once price goes above buy price by comfortable margin, I will put my stop loss above buy price.
Limit I have set at 5770....
Finally we have activity on the market, volatility increases, that's a good signs.
After several growth candles we saw sharp reactions from the resistance zone 0269-0275.
It is obvious that in this area there is interest from the big seller.
After the last rise, the price could not even reach this area and began to form slow downward structure.
In the previous forecast we talked about buy area 0196-0200.
Today the price reached level 0197. But from this level the price showed weak reaction from the bulls, the
vertical volume is also low. So the priority remains bearish.
For buy position we need to see the true breakout level 0207 (break of the downward structure) or see the bull initiative on the 0192...
Main balance range: 0.8471-0.9725
Mini balance range: 0.8471-0.8750
Priority H1: bull
Level H1 for change the priority from bull to bear: 0.8050
If this level will be break down BCD will fall to 0.7065
1. 0.8750-0.8800 area after true bull breakout mini balance
2. 0.8050-0.8248 after false breakdown