BCNBTC
Bytecoin daily chart analysis (BCNUSDT-Long)Bytecoin has been in correction for long time and now we see smart mony and posetive reaction on this cryptocurrency.
it has broke the resistance, the trend and exit como cloud.
Lookfor a position in 4 hour time and go long.
Good luck.
BCN / BTC Falling Wedge. Local concave bottom.I have been following this pump coin for over half a year. At the moment, there is a breakout of the falling wedge resistance. Locally, due to the breakout, a small concave bottom is formed with a target of about 60%. Fully working out of this falling wedge 380%. But it is not necessary that this should happen anytime soon. Also, after the breakout of this wedge, a horizontal channel with a step of about 100% can form. The figure is rather arbitrary as no one knows the future.
In a secondary trend, a large cup (concave bottom) can form and like many scam altcoins on Binance, its target (to resistance) can be taken. This price range is between 0.00000020202 and 0.00000018130. This is a fantastic + 1666%. But I have big doubts that this will happen in the near future, as the market is not “green enough” yet and there is no one to buy at local highs.
If there is a breakthrough in the price and consolidation above 0.0000002300, then a rapid rise in price is possible. If this breakout of the wedge resistance develops into a local uptrend, I advise you to work in it, and not wait in excess of profit. Do not be greedy in trading and as a result you will be richer.
Always be aware of the risks and exit the market if the price goes against you.
BCN/BTC Secondary trend. The target of the cup.I have been following this pump coin for over half a year. At the moment, there is a breakout of the falling wedge resistance. Locally, due to the breakout, a small concave bottom is formed with a target of about 60%. Fully working out of this falling wedge 380%. But it is not necessary that this should happen anytime soon. Also, after the breakout of this wedge, a horizontal channel with a step of about 100% can form. The figure is rather arbitrary as no one knows the future.
In a secondary trend, a large cup (concave bottom) can form and like many scam altcoins on Binance, its target (to resistance) can be taken. This price range is between 0.00000020202 and 0.00000018130. This is a fantastic + 1666%. But I have big doubts that this will happen in the near future, as the market is not “green enough” yet and there is no one to buy at local highs.
If there is a breakthrough in the price and consolidation above 0.0000002300, then a rapid rise in price is possible. If this breakout of the wedge resistance develops into a local uptrend, I advise you to work in it, and not wait in excess of profit. Do not be greedy in trading and as a result you will be richer.
Always be aware of the risks and exit the market if the price goes against you.
BCN. Work on a coin. Ross hook point 3-1. Potential + 30-40%BCN (Bytecoin) / BTC. According to the previous trading idea, the price did not reach a potential entry point, as the symmetrical triangle that formed was broken down. Let me remind you that with this coin it is not possible to work short. Now the price has reached a potential entry point with good potential. The price broke through the local downtrend line, thus forming 1 Ross hook. When forming the second Ross hook, the potential is + 30-40%. A new uptrend may be emerging. You also need to understand that this is a pump coin, it can happen as with HBAR + 500% with several candles. An important zone, as in HBAR, I highlighted on the chart.
ENTRANCE
Now or at the beginning of the upward movement.
TARGET.
1 target for Ross hook + 30-40%
Stop loss
Set Stop Loss value with calculation of your trading strategy and money management. Stop Loss percentage should be adequate. What matters is not the Stop Loss value itself, but the entry point and your system of work.
Work Ross hooks on HBAR / BTC + 65%
The first impulse to the target zone is 2 Ross hooks. +85%
After working off the goal 2 Ross hooks securing above the important zone, as a result of the pump + 500% of the first entry point according to the previous trading idea
Another example of my work is Ross hooks on a pair of BTC / USD EDUCATION Ross hooks on the example of BTC / USD.
After some time. 2 more Ross hooks were made in the trend. All goals are taken. The trend reversal zone is determined in advance.
All trading and educational ideas on BCN coins and Ross hooks I attached under the description.
BCN symmetrical triangle (pennant web) First target 45 + 80%After the breakdown of the downward secondary trend line, a symmetrical triangle has formed, which, in case of breakdown upwards, can act as the canvas of the ascending pennant . The goals of the triangle and the pennant are completely different. It will be worked out during the breakdown or only the goal of the triangle or the ascendant pennant can only be judged on the volume of the buyer during the breakdown13
The coin is very manipulative, in more detail I described everything in the previous trading idea for this coin, which I attached to the description of this trading idea. I will not repeat.
ENTRANCE
If you are not in a position, then the entrance is only for breakdown or rollback after the breakdown of a triangle.
TARGET.
Triangle target + 45%
Pennant target + 80%
Stop loss
Set Stop Loss value with calculation of your trading strategy and money management.
Bytecoin BCN. Breakdown. The beginning of a series of pumps? 666Bytecoin (BCN) pump coin, as you can see from the graph, was pumped to mega X even in the bear market in 2018 twice in a row by + 600% and + 666% from the breakout zone.
As you can see, all the big pumpings were for non-random numbers +666, + 4000%, + 4666%, + 600%, + 666%.
Who knows how to read numbers, understands all the logic and why it was necessary to do so.
Also, I think you understand that such exact figures are not meaningfully made by the "psychology of the market", but rather by the "psychology of a group of individuals."
The tool is completely managed by the money that the "pushers" have, the crowd absolutely does not affect the price, the crowd is directed. The crowd buys when it is already very expensive. And when they say to her "buy and hold."
People are afraid to buy cheap, they buy expensive. The higher the price - the more willing to buy, the high price supported by the news background gives the illusion of a safe purchase. At very high prices begin - the panic purchase of hamsters.
They have money, watch the movement of large orders in a glass on the HitBts exchange. Only on the HitBtc exchange do they have 200 BTC moves in orders to buy. Which miraculously move the price up. At the Polonix exchange, the book of sales orders has been loaded, but most likely this is the majority of their orders. In the course of price growth, they will buy from themselves and show the "interest" of the buyer and the large volume in the market to attract the crowd.
Also, all this action will be accompanied by news such as: “Bytecoin is the hope of mankind”, “Bytecoin is collaborating with .....”, “Bytecoin is a new anonymous Bitcoin” and a similar FUD to accompany the price. Know - the news does not make a price. Money makes the price. News is created to accompany the price.
I think it’s not necessary to remind that such coins always merge 100% after pumping, however, like everyone else, only everything doesn’t grow in such a short time for such hundreds of percent. Do not believe in the "news".
And now the most interesting thing, no one can probably even guess at this time that this pump-coin is associated with such a well-known "anonymous" cryptocurrency as Monero (XMR)!
Monero Top Coin (XMR) is a fork of this coin! Not Bytecoin (BCN), namely Monero (XMR) is a fork. Roughly speaking, this pump coin is the mother of the top Monero coin. Probably few people know about this, as it was a very long time ....
ENTRANCE
Now or on a rollback if it will. Just be sure to use Stop Loos. I do not need to think to remind you that the entrance is now risky, as this breakdown may turn out to be a false breakdown. You immediately count on Stop Loos for the amount you are willing to lose. But if they pump on such percentages as before, then the risk is justified.
TARGET
By objectives, such coins can be pumped up, as you see, by hundreds of percent, where it is difficult to tell where the price will be reached at the beginning of the movement.
At the moment, I can only say what are the potential first goals. Goals are shown on the chart by target levels.
Stop loss
Set Stop Loss value with calculation of your trading strategy and money management.
May bring down your Stop Loss, this also needs to be understood. How they bring down Stop Loss, I told in the training idea.
This is how this breakdown of the downward local trend line locally on the chart looks like.
BCN (Bytecoin). 1 target wedge + 50%. Rounded bottom + 371%BCN (Bytecoin) A rounded bottom is formed. We are now in the 2nd phase of the formation of this global, long-forming figure.
In the second phase, trading volumes are at a minimum. The coin is not interesting to anyone, "faith is killed," the price is at a historic low, the dump is over. The second phase of the formation of this figure differs in equalizing prices after the dump and a decrease in trading volume.
In most cases, such long-forming formations as a rounded bottom become turning figures of trends. But this does not always happen. Therefore, it is very important that this is the correct entry and exit point in case the price goes against you. It’s better to buy a little more expensive, but it’s already in the birth of an uptrend, than to buy at the bottom and get stuck with this coin.
Volatility also decreased; at the local level, the coin formed a small downward wedge. The purpose of this wedge + 50% This will be the first target. Here is the penetration of this wedge and it will be possible to move to the 3rd phase of the formation of the figure "Round bottom". And the beginning of an uptrend. The maximum target for the “Rounded bottom” figure (Saucer, Cup) is the resistance of this formation + 371%.
If the price breaks through the resistance of the figure of the cup and fixes above it , thereby confirming the reversal of the global trend, the next target is the height to the depth of the cup, the same 370%. And this is more than + 700% of current prices.
Let me remind you BCN (Bytecoin) is an old coin for pumping. Pumps in the past were hundreds of percent and repeatedly.
Monero Top Coin Monero (XMR) is a fork of this coin! Probably few people know about this, as it was a very long time ....
Target:
1) + 50% (fast trading).
2) + 171%
3) + 271%
4) +700%
1) Entrance on a wedge breakout or rollback after a breakthrough if short-term trading.
2) Entrance at the beginning of the 3rd phase of the formation of the "Cup" figure when confirming a local uptrend.
Stop Loos - under the support level of the foundation of this formation, set the Stop Loos value with the calculation of your trading strategy and money management.
Remember that on such coins, due to weak liquidity, ballast is easily reset before a market turn. So your Stop Loos may be among this ballast. What matters is not the Stop Loos value, but the entry point!
Bytecoin BCN Breakdown of a downtrend local trend line.There is a breakdown of the downtrend local trend line.
The beginning of a series of pumps like last time or a false breakdown?
The breakdown was made by an impulse at a large percentage.
The situation is similar as it was at the time to BTC / USD before the trend reversal in April 1, 2019. There was no rollback of the price after the impulse. Then the price rose to + 300%. Although you need to understand that bitcoin is a highly liquid instrument. And this coin is moderately liquid. It’s easier to manipulate and manage prices against crowd expectations.
And now the most interesting thing, no one can probably even guess at this time that this pump-coin is associated with such a well-known "anonymous" cryptocurrency as Monero (XMR)!
Monero Top Coin (XMR) is a fork of this coin! Not Bytecoin (BCN), namely Monero (XMR) is a fork. Roughly speaking, this pump coin is the mother of the top Monero coin. Probably few people know about this, as it was a very long time ....
They have money, watch the movement of large orders in a glass on the HitBts exchange. Only on the HitBtc exchange do they have 200 BTC moves in orders to buy. Which miraculously move the price up. At the Polonix exchange, the book of sales orders has been loaded, but most likely this is the majority of their orders. In the course of price growth, they will buy from themselves and show the "interest" of the buyer and the large volume in the market to attract the crowd.
Also, all this action will be accompanied by news such as: “Bytecoin is the hope of mankind”, “Bytecoin is collaborating with .....”, “Bytecoin is a new anonymous Bitcoin” and a similar FUD to accompany the price. Know - the news does not make a price. Money makes the price. News is created to accompany the price.
I think it’s not necessary to remind that such coins always merge 100% after pumping, however, like everyone else, only everything doesn’t grow in such a short time for such hundreds of percent. Do not believe in the "news".
ENTRANCE
Now or on a rollback if it will. Just be sure to use Stop Loos. I do not need to think to remind you that the entrance is now risky, as this breakdown may turn out to be a false breakdown. You immediately count on Stop Loos for the amount you are willing to lose. But if they pump on such percentages as before, then the risk is justified.
TARGET
By objectives, such coins can be pumped up, as you see, by hundreds of percent, where it is difficult to tell where the price will be reached at the beginning of the movement.
At the moment, I can only say what are the potential first goals. Goals are shown on the chart by target levels.
Stop loss
Set Stop Loss value with calculation of your trading strategy and money management.
May bring down your Stop Loss, this also needs to be understood. How they bring down Stop Loss, I told in the training idea.
BCN market is in reversalAs I can see, the graph is showing a trend reversal could happen shortly. Better stock up now.
BCN/BTC high gain with high risk
from indicators
MACD is still can continue it's momentum it's trend to downside but it can changed dramatically as this coin is just a small marketcap.
RSI is already on lowest level for 2019
resistance #1 15 satoshi (20 ema)
resistance #2 16 satoshi (50ema)
reistance #3 20 satoshi (200ema)
somehow the spike its often happen during downfall or while btc dominance on the bottom.
for me personally wait for the 17 may 2019 hardfork. what would happen that day? let's find out together...
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keep in mind this coin quite hold alot of gain and risk as 29 november 2014 price drop into 1 satoshi before they 29x 1 year later ..
i will try my luck with small stack in this coin as it's already alt season but this coin still in dormant on lowest price in 2019.
BCN
BTC dominance
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
Bytecoin/Bitcoin (14 May) #BCN $BCN #BTC $BTCBCN is in an extremely bad position and shouldn't buy anymore. The best buyzone of BCN is 5sts, current price is 14sts
It seems that the lack of informations on price leverage has made BCN become gradually weak and disappear
If BCN has a bull-run in the future (low rate), the price target should be 20sts and 41sts
2 options to trade BCN1. flash crash to 3-4 satoshi with 400% trade after
2. buy above previous high, sell +100%
after all, its a slow moving coin, easy to setup
Bytecoin Loves MayBased on previous pumps, shows that two of Bytecoin's pump has occurred in May. Except for one pump that happened at the end of 2017 and the start of 2018(December and January). Add that Bytecoin has a new hardfork ahead. Also, Bitcoin steady price leads alt party.
I expect these targets for BCN/USD:
TP1: $0.001
TP2: $0.002
TP3: $0.005
BCN up to 1700% PPT!Green - buy. Red - sell.
Long term trade with decent PPT.
One of the oldest project that still active and have a working product.
BCN has reached the level of support on weekly chart;
Current price level 15-20 sats has a very strong support;
RSI is also close to oversold zone;
It's not a financial advice.
Trade carefully and good luck!
BCN waiting for good opportunity Part 3 of 3I think waiting is over, pair didn't reach for a long time another support which was 15. It is very common on markets that if there is strong bullish movement pairs not necessary are touching support line when they push forward. Since my last BCN idea BTC price slashed another 50%. It was close to 6500 back then. I think that BCN bottomed at this stage. Position should be open without any SL and whole money put on trade should be considered as a risk capital. There is slight chance that the BCN will go lower significantly for short period of time and then bounce back and move rapidly towards north which may wiped out all SL's and It happens very often.
I will aim for 190 for this trade.
This coin also is very unique it may have some problems couple of months ago but this was actually good news which dumped price lower which gave us good opportunity to enter market with good price.
...and just remember this is just my opinion so please don't be so harsh in comments:)