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BCN

#BCN - History repeating itself?If we take a look at the previous movement we see that we are currently in a mirror like situation as seen before. - We clearly see a divergence in the past between the TK and KJ - We clearly see a divergence downward from a red kumo What I think will happen: - We are sitting on a resistance line according to the volume profile (>40 SATS). If it holds, we will linger around this level and gradually pick up and creep closer to the bottom of the red kumo. Things that will make me excited and prompt action: - TK cross KJ - Breaking 56 SATS - RSI leaving the oversold range - Double MACD cross where yellow line crosses upward The above mentioned indicators IN ADDITION TO increased volume with the increase in price would provide me a bit more confidence in sustainable growth. Assuming the lack of upcoming news quite similar to the Binance listing, I would presume this to linger in the couple month range for the star of the consistent upticks.
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by damoredoo
Possible Short Term UptrendH Everyone, Was going through my chart setup for BCN, and noticed a potential uptrend on the daily chart. Both RSI and Divergence are showing an uptrend, with RSI showing 3 potential resistance levels that have to be broken. (46.28, 54.50, and the 58.02) With some heavy volume, we might see a nice upside short term. We are still in a downtrend on the monthly chart. RSI has to test the 40 level before we can see confirmation of an uptrend. Let's buckle our seat belts, and see what happens...
BLong
by estarks02
BCN ON double-edged swordHello Every One. Bcn Is The The Descent Trend.We Have 2 Pattern On Bcn. Bearish Break Out And Cornea Pattern. BCn Need To Decision To Go To The Moon Or Go To The Hell. If Bcn Break The Signal Line And Go The Other Side It's Down The Line Goes To The Hell And You Need To Leave The Bcc Alone If Hit The 68 Next Target Is 41 ... Stop Lose Behind The Signal Line .. Another Side We Have The Cornea Pattern Can Be Start New Trend Bulish . Break Upside Line And Hit 76 Next Target Is 102 You Can Buy On 76. Put Stop Lose Behind Line. Another Side On The Left Side In 1 Day Time Frame We Have A PRoblem Bcn Do not Make Major Pivot And Incapable To BReak Fibo 38.2% That Mean We Need To Make New Floor.
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by AlirezaEF
2
BCN I'm ready again, fill my orders :) I'm ready again to fill the 50% as I sold at 97. Regrets that I did not sell all, but thought we might manage to reach 110. Still, 50 is much better than nothing. However, it is good profit to accumulate more for me now Macd starts to slow down, I'm still bullish on bcn when I know there is a fork in the near future so i only trying to accumalte as many as i can -My mission is to build a Community who help each other as good as possible, but especially the most recent ones. We believe that sharing knowledge and learning from each other is the strength of success. -In numbers the are strength -Gladly join the (NEW) Discord Community with news, charts and basic TA ( More to come ) -You are welcome. :) discord.gg
BLong
by Porshy
1
#BCN : Bearish view, Double top in 4H $bcnbtc #crypto $crypto#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 below 50 and stoch is also curving down. In the 4H t-f: Double top is in formation with critical support at 810 . View is till bearish , after that X move till the 61.8 fib resistance, we can expect another correction pattern (possibly a triangle) thus forming a double three correction combination . Re-entry can be confirmed only after we see trend reversal patterns in price action.
by rajista
Bytecoin is not strong enoughBytecoin recovered some ground yesterday but today has been retreating almost 50% of the recovery moving close to $ 0.006. After having found fund at $ 0.005053 the pair tried to look for the Fibonacci Retracement of 50% but the buyers did not have enough momentum and the price stopped just before touching the 200-EMA, at the moment the pair is being sustained by the centerline of the Bollinger bands as the volume drops and stochastic points downwards in a clear sign of buyer fatigue.
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by Forex_Academy
$BCN BTC Salivating over Bytecoin? Go grab a burger insteadLadies and gents, cycles exist whether you like it or not. When you understand and respect cycles, you’ll do much better as a trader. There are bull and bear cycles with every asset. While we can rely on fib levels for correction entries, not understanding cycles will lock up your capital for an unknown amount of time and ultimately force a premature losing exit for a better trade. I want to thank my followers for bringing this coin up to my attention so I can hopefully save a few traders from this seemingly great trade. On the surface, we have 1) An impulse wave that did 600%. Six hundred percents. Yes, FOMO was very real 2) A corrective wave down to almost .786 that terminated at the support created by the resistance in early May at 75 satoshis. 3) As far as fib time, this corrective wave happens to be roughly .618 of the impulse so it’s save to assume that it should be done, right? 4) The last 2 days, we have an indecision candle which was followed by bullish candle that broke above our 9D EMA and will likely close above it. 5) We are trading above a technical pivot at 89 satoshis and will likely close above it. 6) In this short BTC recovery, it is the definitely one of the higher gainer, currently at 24% where most of the other major coins are doing 5-10% So, BCN seem bullish, should you buy? Well, let’s take a look at the history of this coin I don’t know about you but I have reservations recommending this coin. It seems too pump and dump to me. If you take a closer observation at the last 2 pumps: 3/28/2017 to 5/22/2017 - the correction took about 4 times the length of time of the impulse wave 12/14/2017 to 1/6/2017 - same thing - the correction was 4 times the impulse wave Please note, I have a high chance of being wrong here since we do have a W or double bottom being formed here. However, if history repeats itself, likely we’ll see another pump in September and not anytime soon. With that said, there are plenty of other great trades that are happening now so while this might seem like a great trade at the moment, do yourself a favor, control your appetite and look elsewhere. Much love. Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
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by Kinashi_San
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