Hi, everyone. Today I want to show you something interesting. Look at BCDUSD chart - 4H.
What I see:
1. Long balance structure (the more the balance is formed, the farther the pump will be)
2. Look at the point 1, 2 and 3. At hits points the price showed a big volume, but the reaction wasn't bear. It means that this volume wasn't a bear initiative. Because if it...
This is a chart.
This chart contains several drawings.
These drawings are made by several connecting lines.
Some lines are quite visible while other lines are almost invisible.
This chart contains less visible drawings than invisible lines.
Indicators and other spoilers might also appear in this chart.
Some indicators are lines that could potentially spoil...
All past month BCD was losing in value. Even when the total market was rising, BCD falling. It is hard to say what it is connected with. Fundamental news on the coin is good, but the price is not growing.
But now the price has come to the area where it is very profitable to buy. Practically BCD near the historical minimum. As soon as the price will close and hold...
Bitcoin diamond suffered badly during the correctionphase of the market.
Having an ATH of 148 USD this coin has the highest potential among the top 50 coins.
This is not a coin to hold.
It should be sold when "enough" profit is made.
The charttechnic used is an invention of me . I call it focal point regression method (FPRM). I believe that it is more usefull...
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