Trade Duration: Medium
Bytecoin is an open-sourced, private and untraceable cryptocurrency that was started in 2012. Bytecoin is the first coin that implemented CryptoNote technology as a default aspect to build a project. Launched in 2012, Bytecoin was widely spread in the Dark Net as one of the...
Green - buy. Red - sell.
Long term trade with decent PPT.
One of the oldest project that still active and have a working product.
BCN has reached the level of support on weekly chart;
Current price level 15-20 sats has a very strong support;
RSI is also close to oversold zone;
It's not a financial advice.
Trade carefully and good luck!
I think waiting is over, pair didn't reach for a long time another support which was 15. It is very common on markets that if there is strong bullish movement pairs not necessary are touching support line when they push forward. Since my last BCN idea BTC price slashed another 50%. It was close to 6500 back then. I think that BCN bottomed at this stage. Position...
BCN presents an interesting weekly chart: Traded around 19 SAT. Since the correction that began in May marked 16 SAT as a long-term support level. Resistance lies around 22 SAT. Volatility seems to have moderated a bit, while BCN lies near a strong support area.
Description: Pump because of a website design update. Yes. Alts are back.
Timeframe: 18 Dec
Indicators used: Lots of prair.
Shout out: Our boy Barry Silbert for pitching $ETC to his wallstreet friends.