Bytecoin trend channelPosting some technical analysis as I see the markets about to take off and want to share my thoughts.
Bytecoin panic is over and now I see a bounce at the .786 Fibonacci divergence on the RSI now waiting for the breakout in descending resistance.
BCN
Good Opportunity for buy BytecoinBCN/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
Bytecoin this is big 100 was the major support and I think it is not over yet. I see here potential for this pair to go as low as 36. I linked chart for silver for the last 10 years which looks very similar to the BCNBTC. I think we finished 1st Elliot wave which has length around 275. Second wave is not finished yet and It can go way below 100. The really good news is that the wave 3 is never shorter then 1st wave and it is always the longest one so when second wave will be finished we can expect really good bullish movement. This pair made 10fold move in the matter of two months which is really good profit.
I’m interested in what will happen after 100 will be breached and pair will stay below it for some time.
I linked the silver chart so You can compare charts and see what can happen in next month or two
BCN TREND AND ANALYSISBCN has broken the downward trend and looks like can move up by the weekend
There are 2 Resistance Level at 126 and 129 so i would suggest to get in once it is 131 satoshi to confirm breakout
We have strong support 112
TP 1: 143
TP 2: 200
Stop Loss :-110
Trade at your own risk
Best of LUCK
Alts to the moon These charts are scaled by BTCUSDT so if they are still in their patterns even with BTC dumps any potential next BTC dump should fit in there nicely too without breaking the pattern.
Be aware that we still have a potential bull trap from BTC
For where to place your orders: You have to time it right by waiting for the charts above to hit their support lines
and then buy USDT -> BTC -> ALT COIN
For TP the same, sell when the Alts hit the upper bound of their channels
BCN - downward channel but...As long as the crypto market is in a bull market in general, this BCN channel can get broken to the upside.
BCN/BTC GNGBNG WEDGE BREAKOUT SHIT COIN MM #1, MINIMUM 30% GAIN Why is this coin at $500 market cap? I have no fkn idea. This coin hit $1b also lol... Powerrful MM very powerful. If coin farts about wallet update mm tries to pump it hahaha
Beautiful higher lows from mid may - not once was floor broken. False breaks on the wedge happened to both sides, now this is the real wedge break
MOON
BCNBTC ReversalBCN has now recently broke out of the downward resistance and has successfully retested the support line. This is the start of a new upward trend
$BCN update - Great bottomAnswer Mr abuyusuf: I see that BCN now creat a great trend, and have 3 bottom for pump again. Hold and sell with your target. Thanks for follow me!
BCN - Break out to boom boom boomNow i must go to bed, but i think we must buy some BCN for pump. Love you as love BCN
Good News for BCN + Brief AnalysisHi 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 BCN: freewallet.org team has introduced a new wallet for BCN that is better than Bytecoin windows wallet(windows wallet takes so long to sync with blockchain. Actually it's a big headache don't use it)
BCN breakout in a few days.Here's what I'm thinking,
BCN will continue to respect the orange channel for another day or two.
It will find support on the 0.786 fib level and also the two red horizontals from the time it consolidated before it's last leg.
If it breaks the orange channel, it will find resistance at fib levels and the blue trend line.
Let me know what you think!
Bytecoin Weekly TrendWeekly chart with double fibonacci retracement levels. Watching for a slow continuation to the upside.
bytecointalk.org Interesting they sell CBD medicines.
coinmarketcap.com
bytecoin.org
The one thing i'm worried about is the lack of recent updates on Bytecoin. Just be-careful if this starts to move back above the .00000021-.00000044 range.
BCN - Bytecoin FutureBytecoin is the first crypto coin that has build on CryptoNight Algorithm. It was first but the other CryptoNight coin that called Monero got the attention and growing more and more. Actually CryptoNight based coins has good safety and anonimity. I belive that this coin has a great potentials for grows in next days. It was so many rumors that saying BCN is dead , but after a new release of new wallet with some fixed issues in 2016, i believed that we should have nice news and breaking silence by developers of BCN/BTC.
Also mining profit of BCN is so close to Monero(XMR) : Two Brother In Compete Closely.
You can compare mining profitability here
minergate.com
READ MUCH MORE ABOUT BCN here
bytecoin.org
Long Bytecoin - Second opportunity for EnteringMost valume of Bytecoin is trading on Poloniex. Volume of BCN just increased from 100 to 3400 in one day. If you have miss the boat, there is another chance to entering it. Price of BCN is going to be more stable more and more.
Point : I have just 1 years experience in trading but when i want to buy BCN i have some doubt about it. Because people speakig just about another Altcoins, So the lesson i learned is when i'm sure 80 percent about something, i must do it.(In another word you must believe in yourself)
