In spite of the fact that BCDBTC updated a minimum, BCD looks confident against the USD.
This suggests that the decline in BCDBTC is because of Bitcoin growth.
Many cryptoinvestors tend to buy Bitcoin and other cryptocurrencies from the top 15 Cap.
At the moment, the price has approached the upper balance line, where we can expect a rebound.
If the price breaks...
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
At the moment the price is in the balance with the range 0.7088-0.8446.
On the top of the balance we have a bear initiative.
On the bottom of the balance you can see a bulls (indicated as circles).
Horizontal volumes moved at the bottom of the market. This means that market participants are
accumulating their positions. About the medium-term trend up, we will...
Out last BCDBTC forecast is still active so we decided to analyze BCD against USD.
On the chart we indicated (boxes) active balances.
As we seeing, the structure of boxes - descending.
At the moment the price reached daily support area 0.65-0.69, but to start buying we need confirmation.
How to see it? We need at least one past balance to be canceled, and the...
Yesterday BCDUSD showed something similar to pump. But when the buying positions were closed, the price returned to the starting point of bull impulse. But the priority has not changed, because this key level
has not been breakdown. Now we can try to buy again, but your stop must be below support area (indicated on chart). If this support zone will be breakdown,...
BCDUSD have a bear initiative at the moment.
The price formed a new mini balance with the range
1.64-1.76. While the price is in balance, we trade only from its borders.
Last impulse was "red" and it started from 1.7606. This level is a priority level.
If the price will breakout this level, we can open a buy positions.
Another buy level is support area...
Latest forecast was right.
The priority has changed from bear to bull.
The price has rebounded from the bottom of the balance,
therefore we are waiting for the movement to
the opposite side of the balance.
Our Outlook for Bitcoin Diamond is as follows:
Buy: $1.69 - $1.73
Take Profit1: $1.97
Take Profit2: $2.115
Re-Enter: $1.54 - $1.58
Take Profit1: $1.97
Due to the fall of BTCUSD, the price of BCDUSD also fell down and reached the lower border of the wide balance 1.5500-2.3715.
The price showed a bull reaction on support zone of this balance. But the priority is still bear.
To change priority from bear to bull the price must breakout level 1.7775.
If this level will be breakout the price will go up to...
With a first ever occurance of BullFilter bottoming out at zero for a few days... This definitely means something significant is afoot. After bottoming BullFilter is now showing a bullish divergence while price is still flat.
Accumulation has been ongoing for almost a month now with no significant breaks to the downside.
Last point and its a BIG...
We have a new wide balance with the range 1.55-2.37.
For new mid-term up trend this wide balance must goes up.
For this the price must show a breakout of the resistance zone ("sell area" on the chart).
Another important key point - 1.7919. This is a POC level (point of control or max horizontal volume for the period) of the little balance. If this level would...
A new balance was formed with the range 1.70-1.91
While the price is inside the balance,
it is necessary to trade only from the borders.
At the moment the price is at the bottom of the balance.
We expect a rebound from this area with a target on other side of the balance - 1.90-1.91.
But, if the price will breakdown 1.70 we will see a price fall to 1.6035.