As you can see we are at the top of the third wave which is part of a larger series of Elliot waves that begin from late December. I've indicated the larger waves in purple. We are currently losing volume along with the histogram on the macd decreasing. The Rsi has touched the oversold territory twice so we can expect a break to the downside. I've placed a green...
Hey my beloved followers, Here is the latest coin to get on the move as a reward for your patience. Dollars and Senses has been stuck on a plane and not posting for a few hours. Here is a good one to ease us back into the groove. Also thanks to those of you in our chat group for bringing the focus to the fast movers in real time… a few hundred eyes is better...
I got a request to check BCPT (BlockMason Credit Protocol)’s price and we are in for an interesting triangle again. BCPT has known incredible swings, reaching a high of 14858 sat (+366%) compared to Jan 1st, only to plummet catastrophically to 2469 sat (-83,3%), and all of this in less than 2 months. At the moment, price seems to be stabilising around 5131 sat...
BCPT is looking bullish, i think there will be another breakout based on past signals. Depending what happens to bitcoin these next few days could invalidate this trade.
BINANCE:BCPTBTC Block Mason Credit Protocol is still in bullish wave and you can open your long position. Williams %R indicator shows that still we are in bullish wave. RSI indicator also confirms bullish wave and the price is in Resistance and Support Parallel Channel.
BINANCE:BCPTBTC A nice Bullish falling wedge pattern shaped, RSI chart shows the price is almost oversold We are ready for a breakout in next upcoming days.
Price is entering support zone(8387-9085), good opportunity to go long, first target previous high(~14500), hopefully will break and go higher, but I believe will take a while for that.
Continuation pattern spotted on BCPT. Buy now and sell near 15k sats for a quick scalp, or buy now and hold for the breakout. Be sure to practice capital management by setting an appropriate stop.