BCDUSD
Long signal BottomFinder & BullFilter BCD Bitcoin DiamondAnalysis:
With a first ever occurance of BullFilter bottoming out at zero for a few days... This definitely means something significant is afoot. After bottoming BullFilter is now showing a bullish divergence while price is still flat.
Accumulation has been ongoing for almost a month now with no significant breaks to the downside.
Last point and its a BIG one. Please compare the market cap to price level for BCD versus literally any other cryptocurrency. Market caps generally tend to follow price. Right now the market cap is significantly out of wack compared to price and so we expect price movement soon. To see market cap data, coin market cap can be used .
Entry Point:
General Entry is this range is fine, just look for a local dip/low. $1.70-$1.80 would be good.
Take Profit:
The dashed red lines represent target take profit levels. We suggest cashing out 10% at T1, 25% T2, 50% T3, 15% T4.
Stop Loss:
We are already at the bottom here, so no stop loss. IF a significant drop were to happen, we would simple see it as a good opportunity to Dollar Cost Average our entry lower. So please reserve a portion of your base currency in case this situation arises. Its almost always a good idea to have a little on backup for a DCA. DCA point would potentially be around $1.50.
Upon completion of T1 move stop loss to entry point to secure a risk free trade. Additionally continue moving stop loss up by one target each time a new target it reached. i.e. when T2 is reached, move stoploss to T1 level.
This way you can ride out dips with no anxiety and automatically exit the trade in profit should you not be around to monitor!
BCDBTC Volume Analysis Prediction 9/21/2018BCDUSD and BCDBTC do not correlate with each other at the moment.
BCDBTC shows a weakness. Last root of the impulse was breakdown,
so now we expect a price fall to 0259 and then to 0252.
If a large vertical volume appears at the level 0259,
it is possible that the price will be rebound from there.
But if there is neither volume nor reaction - it will fall further.
BCDUSD Volume Analysis Prediction 9/19/2018A new balance was formed with the range 1.70-1.91
While the price is inside the balance,
it is necessary to trade only from the borders.
At the moment the price is at the bottom of the balance.
We expect a rebound from this area with a target on other side of the balance - 1.90-1.91.
But, if the price will breakdown 1.70 we will see a price fall to 1.6035.
In any case, we must proceed from the facts.
There is a fact - there is action. There is no fact - there is no action.
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 1-3 fixing movement.
BCDUSD Volume Analysis Prediction 9/17/2018Last 2 impulses was down, it's bear priority.
Also last balance goes down.
At the moment we do not see an increase in volume
and reaction in the opposite direction, which means
that with a high probability the price will continue to decrease.
The next support level - 1.6034
The situation on BCDBTC is similar.
#BItcoinDiamond Volume Analysis Prediction 9/10/2018BitcoinDiamond - very strong coin at the moment.
The coin did not react to the market drop last week. In addition, it grew in price.
A few minutes ago the price BCDUSD made a new impulse up and showed a retest at the level 2.10.
So now we have a new potencial balance with the range 2.10-2.291. If this balance goes up, new target will be resistance area 2.415-2.45.
We also allow the option if the price rolls back to the 2.032 (POC level of the previous balance). But if this support level will be breakdown, the price will change its priority.
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 1-3 fixing movement.
