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Bcpt

BCPT Elliot Waves (4 hour chart)As you can see we are at the top of the third wave which is part of a larger series of Elliot waves that begin from late December. I've indicated the larger waves in purple. We are currently losing volume along with the histogram on the macd decreasing. The Rsi has touched the oversold territory twice so we can expect a break to the downside. I've placed a green rectangle to indicate my personal buy zone which is a 50 % retracement of wave 3.
BLong
by bensonwithin
4
Trading Example BCPT/BTC - Know When The Next Move Is Coming!Have you ever been in the situation that you've missed a huge move on a coin but you didn't want to chase cause you were afraid that it would tank or dump on you? Well, my friend then you're not alone! Of course, depending on the situation or pattern formed, it's best to not chase a coin that's up a lot already. Usually, you're (too) late and there's a good chance that you'll enter a losing trade if you're not careful. And what if the same coin has retraced a lot after the big (initial) move and lost most of its gains. Now you think it could make another big move again soon. But how do you know if and when a coin is going to make another big move again? Yes, and that's the million dollar question which I would like to go over with you in this short post with a trade example on BCPTBTC, BlockMason Credit Protocol. So let's take a look. BCPTBTC big move, followed by a big drop As you can see, BCPTBTC started to make its big move around February 17 and topped just 2 days later, before dropping and losing most of its previous gains: So now you ask yourself if and when will BCPTBTC make another (big) move again? And what signals can you take into consideration for making an educated guess on its next move? Well, let's analyze... Signals BCPTBTC could make another bullish move again. When you look at the one-hour timeline, you can see the following: 1. It had a clear support area which held nicely several times. Also, this support level happens to be exactly the (end of) 0.786 fib. level. 2. Volume has dropped considerably, way less than before the big move but also compared to its average volume. 3. It was in a clear range and moved kinda "rangebound" for quite some time. 4. Last but not least, the indicators RSI and MACD both clearly moving up making a bullish divergence. And the result of these signals/points is (the start) of another big move(s) and run: So next time when you miss a huge move of a coin, then don't try to chase it if you're late to the game, but rather wait patiently for the pull back and look for these and other signals to "know" when the next big move is going to be. If you found this post informative and helpful, please like and or share it. Leave a comment if you have any questions. And until next time, good luck with your trading!
BLong
by Trade_Masters
3
BlockMason (BCPT): + 180% profit potential: what to look out forI got a request to check BCPT (BlockMason Credit Protocol)’s price and we are in for an interesting triangle again. BCPT has known incredible swings, reaching a high of 14858 sat (+366%) compared to Jan 1st, only to plummet catastrophically to 2469 sat (-83,3%), and all of this in less than 2 months. At the moment, price seems to be stabilising around 5131 sat (the 78,6% Fibonacci retracement in blue). This area seems to be acting as a strong support. Moreover, the chart shows us a simple – almost symmetrical - triangle formation , and we are closing in! Having a strong support on the blue horizontal Fibonacci, back by an almost golden cross in the MACD (and if we look at the ETH chart here below, the cross is already there !), we just need RSI and Volume to creep up a bit and we are good to go. BCPTETH chart on the daily - look at the golden cross in the MACD: But before you pull the trigger, remember that triangles can be two edged swords , and we first want a confirmation of the triangle break-out before trading this one. In the meantime, feel free to speculate :-p Note that the odds are in favour of the bulls for now, with a very bullish MACD, and an oversold RSI that will likely curve out to the moon. Keep your patience in line a bit, and follow this BCPT closely if you want to trade here. Remark: BCPT is still a small crypto, with a market cap of merely $24M and a volume of just under $1M (96 BTC); this low volume makes it vulnerable to pumping and dumping , which is also something you can see back in the charts, especially if you look on shorter time frames. You can either ignore that volatility completely, or take it into account e.g. If you buy this crypto, it makes sense to already put some sell orders somewhere at a price multiple (e.g. At +99% or so), because you will probably not be around when the pumping is happening (remember, it is pump, ànd dump – so these price spikes are only there for a couple of minutes). Setting a sell order up front can take advantage of this. In the meanwhile, you can wait for break-outs, especially if you like the fundamentals of this one. Remark 2: This is a small crypto and still quite fresh from its "ICO", testing its "ATH" again is definitely a strong possibility (especially given the still low market cap). Fundamental story worth checking out beforehand! Here to serve :)
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by A_Cryptastic_Mind
22
BCPT/BTC Is Showing Storong Bull Symbols 5% - 500% ROIHello, Trading View, Crypto Currency is finally starting to pop off again. Especially the alt. coins. If you guys want to know when I bought in and when you should trade. PM me and I will give you the prices for our paid membership program which contains 1-2 more daily private trades with exact buy in and sell price points. Thanks, StopLoss123 Don't forget to follow me on twitter. Life is 10% what happens to you. And 90% how you react to it.
BLong
by StopLoss123
Long Idea on BCPT/BTCBCPT has been trading in a wide range after an accelerated move to the upside. Since that time is has formed a bull flag pennant and attempted but failed to break the upper flag pole. A potential long setup exists with a break above resistance at 0.00012855 followed by confirmed support after the break at or near the same level. A loose stop would need to be placed on this trade due to the volatility so it may not be for all traders. Place the stop below the top of the current trading range. I would feel more confident with a longer consolidation period as that should provide more upside considering the recent move. Good luck
BLong
by TheBossTrader