Per Request: View on $BCD Within The Short Term? Quite BullishI already post my opinion on Bitcoin Diamond, you can find it on my profile with search button feature here.
My drawing box is still there at the moment and as I said as long as the price is within the box then it's still a ranging market with steady trend. Why I consider so? Because of the latest pump occurred in the last month still put bias on people's psychology, plus there is no fundamental update from the dev itself that I think quite good to move the momentum. Therefore, at the moment I'm looking that BCD is quite slow.
My indicators showing that this time we might seeing a small bounce as you see we're recovering from the last wicks. This wick that I expect to happen within the box, just nothing special. Small 5%-8% from the bottom of it.
By the time, I will re-assess this chart again.
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
Bcdsetup
Per Request: $BCD Should You Enter & Where Is The Exit Level?Bitcoin Diamond not really long time ago was having a really manipulated market as the maintenance happened on Binance wallet, causing the local market on Bitcoin Diamond locked and pumped while other exchange follow through with such percentage and most traders really trading speculatively hoping that they can buy cheap and dump it on Binance. Yes it's work. For me. I'm the one who do so even i'm not selling on Binance because i know based on my experience i won't have time and luckily i'm right. Even, i'm profiting twice. Big profit and really small percentage of it afterwards just based on speculative reasons.
Unfortunately, not many was like me. Some might trapped on the higher price as side effect of that for real. So some of them might looking for an entry right now for averaging down their holding (DCA - Dollar Cost Average / BCA - Bitcoin Cost Average).
At the moment Bitcoin Diamond sitting on precisely 30K sats. This fork was quite hyped back then. BCD having 10x total supply of Bitcoin, I'm not really sure, but if they think they can replace the original Bitcoin, they might go wrong. Since that many supply must be for scalable purpose tho.
Sure thing is they are listed on quite many exchange as benefit of fork. Plus due to Bitcoin ORIGINAL volatility, we can only lean on the chart right now.
A slight bullish in my opinion, with 45:30:25 for Bullish:Bearish:Sideway.
Indicators looks good at the moment, my bullish tendencies will have 4% - 15% target on few days ahead at least. Black dots, plus the RSI level still giving it room for a slight growth before it might take a chill donw.
Otherwise, we need to see that if price action break my box and lines we will go bearish and re-asses the chart, probably it will invalidated this setup; or if it stay in it it will go sideway, most likely.
Trade safe!
If you're looking for higher time frame, really it will be such a waste, as this stuff really linked on BTC price.
