Bitcoin Diamond is very stable coin against USD, but if to look on it against BTC, as well as most of the coins, it decreases with the growth of Bitcoin. This is due to the fact that people sell altcoins to buy BTC or ETH.
If you look at BCDBTC chart, you can see that after each attempt of growth, people begin to sell quickly.
Often these are traders who bought...
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...
BCDBTC Volume Analysis Prediction
Unexpectedly, BCD fell down and updated its minimum. Honestly - for me it was a surprise.
But in this falling there is an interesting nuance.
Look at the vertical volumes when the price moved down - they are minimal.
It mean that it was a large number of small systematic sales, not a panic sale.
Then we saw 2 impulse bars,...
Last time we said that if the price will show breakdown 0217-0219 area by impulse, the price goes to 0201.
And actually it happened. The price failed to hold above 0236 and then reached 0201 in next week.
This is the level where the last pamp was from. And now the price will either show a sharp increase again, or it will stand in consolidation. The second option...
Finally we have activity on the market, volatility increases, that's a good signs.
After several growth candles we saw sharp reactions from the resistance zone 0269-0275.
It is obvious that in this area there is interest from the big seller.
After the last rise, the price could not even reach this area and began to form slow downward structure.
In the previous forecast we talked about buy area 0196-0200.
Today the price reached level 0197. But from this level the price showed weak reaction from the bulls, the
vertical volume is also low. So the priority remains bearish.
For buy position we need to see the true breakout level 0207 (break of the downward structure) or see the bull initiative on the 0192...
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
Our main balance goes up. But after a sharp rise, the price quickly returned to the upper balance level 0207.
We got something like pump and a dump.
And now many people asking - and what's next?
Technically chart looks bullish - breakout and retest the balance 0187-0207.
But current price momentum is bear. I do not recommend to open buy positions while the price...
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...
We have signs of accumulation. Look at the horizontal volumes - they shifted down.
Vertical volumes has also increased. This means that the main activity occurs at the bottom of the market. Big players will not sell on the bottom, right?
How to trade now?
We have new balance with the range 0187-0207.
On the bottom of this balance we indicated support area...
At the moment we still have a bear priority But the price finally reached daily support area 0189-0194.
It's a huge area can hold the BCD from further falling.
Of course, a lot of things depend on the movement of Bitcoin.
What to do now?
If you want to buy BCD, you need a confirmation in the form of a breaking of the last balance.
To make this true the price...
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...
Bitcoin is now in balance, but soon it will come out of it, and go to the next balance
I marked the following points where we should look for an entry point.
Remember! You should see confirmation on a smaller timeframe of 1m
Put your Stop Loss for the specified zone, risk / profit ratio of 1 to 2
The price did not reach 1 tick to the indicated earlier support. We expected the price at 0213-0217 area, but rebound started from 0218.
Please note that the vertical volume increased at this level and the price showed a bullish reaction.
What now? Our main balance has expanded a bit. The range of the balance now 0217-0274. Also we have an another narrow balance...
For this moment we have 2 balances. First balance is wide with the range 0228-0274.
Second balance is narrow with range levels 0232-0246.
The best opportunities for open buy positions is from the support area 0228-0232. If this area will be breakdown with the high probability the price goes down to the next support zone 0213-0215.
But if the narrow balance goes...
Wow. Did you catch this move? It's look like cryptomarket is starting to wake up. A small gift for the New Year holiday. We waited for this almost a year, didn't we?
Ok, what's next? We have bull priority.
Most likely a new balance will be formed now, we already have 2 borders.
To enter the market use the lower border of the balance (0243).
If this level will be...