Technical analysis:
. BYTECOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There...
wait untill the price drop down to the yellow zone, and you can go for long position
TP and SL doesn't exist on the chart, but you use your own research to use it.
this post for education only
if you want to help me
Bitcoin BTC adress: 16RMvWjGQu2s7RfSD5365CASQMLro4BnqR
#BCN after that pump to 2220 sats, got dumped hard and went into correction phase.
Correction we see here is a ABC Zig-Zag .
Wave a retraced to 61.8fib
Wave b retraced to 38.2fib of Wave a
Wave c was a 0.618fib ext of Wave a, coinciding with the 78.6fib support.
After that ABC correction, we saw a spike if 35% till the 61.8fib region.
RSI is...
The elliot wave pointing the correction on BCN is finished and now we should be moving upwards and creating new high around 375 sats by the end of this year
It was interesting to me when I saw this coin on BINA @ 2.5k Sats and ran down to 220 .sat , so dug it up a little. the coin already ran like 600% and currently at the top 18 of CMC with its market cap, seems like its overbought currently even at 118 .sat
Congrats to those that took my short term buy advice on April 28 for BCN. Now please take my advice again... don't be greedy and take your profits ASAP. This will be heading south very soon.
Those of you that are looking for a similar opportunity take a look at the nice low volatility bottom forming on the Electroneum (ETN) price. Wait for signs of increasing...
This rally appears to have legs in the short term. Built off a good low volatility bottom with healthy volume. Long term will return back to the long term trend after the next rally.
With a burst of volume, the 1 day chart could have turned the possible "M" into a "W"
*Red line would have been the "M"
*Green line can be the "W"
If the price can rebound now or at the SMA middle point of the BBands, should be good to go. Setting stop loss below the SMA of the BBs
BCN/BTC has touched 0.01 dollar recently. If support holds on between 0.00000039-0.00000050, we can expect 0.00000333 for it.
Visit my website:
bytecoinz.ml
Hi guys. I know 3 exchanges like Poloniex, Hitbtc, and Cryptopia that we can trade BCN.
Poloniex: 1500 btc - Withdraw Disabled
Hitbtc: 668 btc
Cryptopia: 6 btc
If withdraw be enabled in Poloniex we will see the good rise on BCN.
After that, we need Chinese exchanges to evolve in. Remember how trading BTC in China moved it's price quickly.
And a good news for...
