Still learning here guys.
trendline breakout confirmed
2 out of 3 ema confirmations
basic Elliot wave counts confirmed
breakout targets eyeballed
I would give this a bulltrend accuracy of about 70% breakout confirmed at this point
still could go bearish with a lower low with BTC unless it stays in its current trend.
BCY has been in a long term downtrend, forming a cup and handle. Usually this confirms a breakout, but not always. My targets are listed on the graph and are relatively conservative. This will be around a one month hold. This is just MY analysis. Any buying and selling done on your part should be done at your own risk.
BitCrystals (BCY) Had broken long term down trend before crypto market crash ensued. These corrections are healthy in the greater scheme and are necessary. Once correction is over huge potential. Targets are on the chart.
Dont Forget to take profits along the way and re-enter after a dip.
BitCrystals (BCY) has been going down since it reached all time high back in September 2016. Now that it broke-out of a downtrend for more than a year, the potential is huge. An entire year is a lot of time going down, just this one signal can be enough for a long hold trade. But there is more, much more.
Let's look at the trade instructions first and then we can...
BCYBTC is "on the floor". We can see periodic tests of the resistance line @33 sat, no reasons to believe that it will not be hit again in the future.
Fibo analysis points to a (not so greedy) target of 29 sat, that's almost 6X actual level.
Buy now 5