This altcoin has a very low volume but there is constantly someone in there that pumps it hard due to easy manipulation with orderbooks.
This is a risky trade but I'm watching it tried to breake the Daily 200 EMA already 4 times and it's in a good accumulation zone.
Weekly RSI is ready to burst above 50,daily also.
If you're willing to take the risk just...
The price is sitting on a important support. Volume is good on daily chart time, 15.26M coins daily. I am looking for confirmation on Oscialltors and momentum to enter into a Buy trade and take profits at the R levels up
We can start from the support and point at 38,2%Fibonacci.
We can also see a down in the blue rectangle and find support at 50% fib retracement before open a long position.
Personally I will hold and wait for a bullish green candle before go long.
For those who don't know about the BCPT product, the goal here is to conduct a bitcoin transaction before the confirmations happen on the blockchain. They are releasing an app in a day now which will allow people to send and receive their btc over the phone, which can be done now but not through an organized interface.
As far as the TA goes, we've seen this...