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BCN

Bytecoin Price Analysis BCN / USD: Challenging RecoveryBytecoin / USD Short-term price analysis Bytecoin has a bearish short-term trading bias, with the BCN / USD pair still trading below its 200-period moving average on the four-hour time frame. The four-hour time frame is showing that the BCN / USD pair is attempting to recover bullish momentum and attempting to break away from a falling price channel. Technical indicators on the four-hour time frame are bullish and continue to issue strong buy signals. Pattern Watch Traders should note that falling price channels are typically considered bullish reversal patterns. Relative Strength Index The RSI indicator has turned bullish on the four-hour time frame and is now issuing a buy signal. MACD Indicator The MACD indicator is bullish on the four-hour time frame and continues to issue a strong buy signal. Bytecoin / USD Medium-term price analysis Bytecoin has a bearish medium-term bias, with price still trading below the BCN / USD pair’s trend defining 200-day moving average. The daily time frame is showing that a bearish double-top pattern is weighing on sentiment over the medium-term. The 50-day moving average is also close to crossing over the 200-day moving average, further dampening the medium-term technical outlook. Technical indicators across the daily time frame are attempting to turn bullish. BCN / USD Daily Chart by TradingView Pattern Watch Traders should continue to monitor the trading action around the neckline of the double-top pattern. Relative Strength Index The RSI indicator is attempting to move higher on the daily time frame, although it remains technically bearish. MACD Indicator The MACD indicator on the daily time frame is starting to issue a buy signal. Conclusion Bytecoin remains technically bearish across both time frames despite the recent solid rebound in the emerging cryptocurrency. Bulls now need to break out from the falling price channel on the four-hour time frame and negate the bearish moving average crossover developing across the daily time frame.
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by CryptoBriefingTA
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... twitter.com 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.
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by MisterCatt
2
Bytecoin (BCN) | 456%+ Potential Profits | FREE TRADING SIGNALPair: BCN/BTC Exchange: Poloniex Trade Duration: Medium Risk: Moderate Introduction Bytecoin is an open-sourced, private and untraceable cryptocurrency that was started in 2012. Bytecoin is the first coin that implemented CryptoNote technology as a default aspect to build a project. Launched in 2012, Bytecoin was widely spread in the Dark Net as one of the popular available methods for payment. The main thing that separates Bytecoin from most of the other coins is total anonymity - as soon as your transaction appears on a blockchain, your address can’t be viewed by anyone. Technical Analysis - Revisited Key Support Level (Catalyst For Previous Runs) - Broke Downtrend - RSI Confluence - Tight Range (Expecting Expansion) Fundamental Analysis - Early Hardware Wallets Support - Mainnet Hardfork Estimated 6 March 2019 Our Entry Zone 0.00000016 - 0.00000018 Our Targets 1: 0.00000024 2: 0.00000029 3: 0.00000034 4: 0.00000047 5: 0.00000063 6: 0.00000089+ Our Stop Loss: 0.00000014 Don't forget to hit that like button and give us a follow , we really appreciate it! Comment your thoughts below. And most importantly, enjoy your day! Crypto Eye Team ------------------------------------------ DISCLAIMER: This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more. Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
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by Axsonex
1
A trading opportunity to buy in BCNXMRTechnical analysis: . Bytecoin/Monero is in a range bound and the beginning of uptrend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 48. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00001355 to 0.00001145). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00001355) Ending of entry zone (0.00001145) 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= @ 0.00001600 TP2= @ 0.00001700 TP3= @ 0.00002000 TP4= @ 0.00002230 TP5= @ 0.00002580 TP6= @ 0.00003470 TP7= @ 0.00004185 TP8= @ 0.00004900 TP9= @ 0.00005900 TP10= @ 0.00007220 TP11= Free
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by ForecastCity
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:)
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by Krystiannwk
Talking about Bytecoin (BCN) todayLooking more closely to some of the altcoins, noticed Bytecoin (BCN). It has unveiled a new roadmap to be completed in the coming months, starting with a Stagenet hard fork on December 12. This project will The project will restart its mainnet at the end of the first quarter of 2019. Therefore, such a news released reflected its value. Bytecoin was first met with a strong skepticism at the moment of launching. It remained in the market with a renewed team but currently going on with a few more updates. Currently, it is ranked at 37th place on CoinMarketCap list, which is quite a good indicator for such a doubtful currency at the first place. Bytecoin plans to enforce a requirement for using higher levels of anonymity. At the same time, the ecosystem will have auditable wallets - public addresses specifically created to be viewed by third parties. Taking everything into the account, BCN yet not in the green zone, as the most of the crypto now, but considering all the news around it, we can experience a stabilizing positions. Currently, valued at $0,000604 USD and expecting to be at the range of $0,00065-$0,0007. WARNING! The predictions of the author are not a promise and you take the investments risks on yourselves.
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by AlekseyMarkonov
BCNBTC low risk profitable opportunityAt the 1 week chart it can be seen that a price touched long term support level. This level has been tested three times. Currently we can see double (triple) bottom was formed and indicators become bullish again. Stochastic, WPR and CCI indicate a good entry point, while RSI is neutral. We can seen that each time a new growth wave starts when the price touches the global support level which coincide with Fib 1 retracement level. Here we can see a reapeat of this pattern. Summary, BCN is recommended for the long term trade using the designed strategy. Buy zone, free target and the stop loss are drawn at the chart. Follow the updates for this coin and stay tuned Sincerely, SkyRock Signals team
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by Skyrexio
4