I really like #bitbean aka #beancash project and here's my daily view about it. Price has been slowly decreasing over the last months and now has reached a level that I think will act as a support (the 50sat range). And if it doesn't go down, it will eventually go up.
Added a fractal to show what I would like to see and it fits most of my levels... let's see in a...
ALL the EMA's 8,13,21.55 crossing the 200 EMA is a good sign of a big pump or a big move upward. previously it has attempted to break the downtrend 3 times.
its better to wait and watch if it can sustain the move upward.
Main idea:
At the latest attempt to breakout, it looks like the markets didn't manage to have the momentum it needed and so, it naturally pulled back down to support reload zones as well finding support on fib speed fan levels. When I look at this formation I can see this moving up again soon to make the the 3rd breakout attempt...
A few weeks ago I predicted with pinpoint accuracy the #Bitbean / #Beancash breakout, I was quite surprised regarding the extent of the push, didn't expect it to go as high in such short time but it made that crazy push and price have been correcting since then.
Today I was looking at the chart fishing for clues and I notice a possible move were the last push was...
Update on the idea published on the 23 Jan 2018. I'm still waiting for that 1000sat range // around $0.1
I think the price it's about to breakout sooner or later. It may happen on this bullish push that has been happening in the last day (a), or it may suffer a little pullback to fib retracement levels regarding this move (b) before starting to climb again to...
I believe that bitbean has confirmed its old support as a new resistance line on the one day as well as on the 4hr, still have to see where the candle closes though.
The history repeats.
Next 7 Months we will see escape of investment from cheap coins like Bitbean resulting to up to 90% lose like it was in May December 2017
Seems BitBean is also under trend "buying and pumping cheep coins".
Be careful, Bitbean has very limited potential and have only one developer improving the code.
The Deadlines in Roadmap hold very rarely if ever.
Especially renaming it into CASH could result to shitstorm like it is against bitcoin cash.
Looks like the rebrand from Bitbean (Bitb) to Bean Cash (BEAN) is happening "soon" and I think that event may send the price right up following something like this...
DAILY CHART for BITB / USD (( BEAN / USD ))
Bitbean is going to rebrand to Bean Cash (BEAN) and that event may push the price to cross over the expected breakout level (black line). Once it crosses the price will start to rise to test previous ATH. If it manages to cross over that ATH the logical thinking is that will try to double the price from the previous ATH...
