$BCPT - Quick overview ( not financial advice)
This pair is about to make a breakout and sometimes they don't retest the breakout and the price keeps moving up! I am not saying that this will happen again, I am just want to point it out. I have seen $BCPT doing it many times before.
Bullish set up with a nice target of 16% -25%
The RSI is very bullish and now...
Good increase in volume upon breaking out of this falling wedge, out MACD and Stochrsi are also seeing a bullish convergence on our daily chart. Suggesting a midterm reversal. Conclusion: Short term/ mid-term technicals are looking quite bullish, we can anticipate volume and price to keep rising while bitcoin is consolidating.
BCPT broke back down into support and is forming a triple bottom here. Its possible we see a wick back down to the low end of 250 sats, which puts our main entry targets at 250-280 sats. From this point, IF triple bottom holds, we can see a potential rise back up to 50 MA at 319 sats. I expect the stronger rejection to be at T2 of the 200 MA at 360 sats....
We can see here that BCPT is trending up in Hieken Ashi candles. It is also attempting to break up of the top Bollinger band in the last three 4h candles. It’s still in the top half. A breakout can send us to the 365-400 Sats level. SL would be break of middle bollinger band.
Pushing above ~320 sats resistance level (flip on lower TFs) with good volume levels..
If continuation is shown, then we should aim for a retest of ~400 sats level..
RSI rising as it crosses above EMA50/200
Tight SL below what is now support just in case...
Over the last few weeks I have been managing my Stop losses, Take profits and trading in...
BlockMason Credit Protocol (BCPTBTC) is producing quite the bullish chart and is ready to move.
Here we have all of our classic bullish signals:
- MACD bullish cross, trending up and histogram moving in favor of the bulls.
- The RSI is really strong.
- Trading above EMA10 and EMA50.
The trading volume for this pair is still low, which means that it has yet to...
Trying to break from this tight accumulation range over support at ~340 sats
Volume is not that great but still is rising
If continuation is found,then aiming for ~400 sats as 1st target
Try to enter as low as possible since its a riskier trade otherwise & use SL
BCPT testing resistance. RSI above points and MACD going to break zero line. Together look more bullish. Volume must increase to confirm breakout. Potential resistance 410 sats. BCPT drawing Three white soldiers candlestick pattern.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.