Bytecoin possible reversal

Bytecoin has been going down since the 01/06 almost 100 satoshis mark. It was a long way down until the heavy resistance at the 35 satoshis starts to push it back up. As we can see, there's a possible reversal on the MACD, so now it might be a good time to long it. The stochastic RSI also shows some signal of buying strength increase.

Note

Be aware though that if the 35 satoshis resistance doesn't hold, it might try to test the 17~19 very heavy resistance. So, for educational purposes only, if you'll long it, you might put a stop loss just below the 35 resistance.

Note

The 35 satoshis support (sorry for the wrong terminology before) is still holding, even after almost one week. Therefore, we might still see the reversal.

Note

And we're back at the 35 satoshis. Maybe now it will reverse the trend.

Trade closed manually

I closed my trade at 48 satoshis.

tomas_xc

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tomas_xc