BCNBTC trade ideas
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 Falling Wedge Coin for pumping A reversal of the local trendBCN Falling Wedge. The price went beyond resistance. A reversal of the local trend is possible.
Coin for pumping. Trading in a trend that is developing.
Past series of pumping prices of this coin.
ByteCoin ($BCN) on it's very bottom. Up to 11000% PPT!Cycle is going to be repeated.
It's high volotility high profit potential coin, great place to buy some.
It's not a financial advice.
Trade carefully and good luck!
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.
BCNBTC AUG 2014 / AUG 2019 in 5 Annual CyclesInterestingly, from an annual cycle perspective, it can be seen how the BCNBTC market experiences moments of trend change. Here in a long-term perspective we share an interpretation of the dynamics of volumes and their correlation with the volatility of the cryptocurrency price which makes this technology a market that always promises movements for the generation of spreads of several X. Right now We can verify its sinking towards the historical support area. What news will bring the next change of trend within this logic of cyclical dynamics that characterizes this market? We cannot assure with certainty but we do know that they will have to speak when the next bullish cycle opens because of the push that configures the irruption of large volumes by having a BTC whose dominance oscillates today in the order of 68% of the entire ecosystem .
A trading opportunity to buy in BCNBTCTechnical analysis:
. BYTECOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000000300 to 0.000000244). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000000300)
Ending of entry zone (0.000000244)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000000406
TP2= @ 0.000000498
TP3= @ 0.000000592
TP4= @ 0.000000663
TP5= @ 0.000000981
TP6= @ 0.000001400
TP7= @ 0.000002010
TP8= Free
A trading opportunity to buy in BCNBTCTechnical analysis:
. BYTECOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000000300 to 0.000000244). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000000300)
Ending of entry zone (0.000000244)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000000406
TP2= @ 0.000000498
TP3= @ 0.000000592
TP4= @ 0.000000663
TP5= @ 0.000000981
TP6= @ 0.000001400
TP7= @ 0.000002010
TP8= Free
A trading opportunity to buy in BCNBTCTechnical analysis:
. BYTECOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000000300 to 0.000000244). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000000300)
Ending of entry zone (0.000000244)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000000406
TP2= @ 0.000000498
TP3= @ 0.000000592
TP4= @ 0.000000663
TP5= @ 0.000000981
TP6= @ 0.000001400
TP7= @ 0.000002010
TP8= Free
BCNBTCwait untill the price drop down to the yellow zone, and you can go for long position
TP and SL doesn't exist on the chart, but you use your own research to use it.
this post for education only
if you want to help me
Bitcoin BTC adress: 16RMvWjGQu2s7RfSD5365CASQMLro4BnqR
#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.
Bytecoin to 375 sats by the end of the year?The elliot wave pointing the correction on BCN is finished and now we should be moving upwards and creating new high around 375 sats by the end of this year
