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BCPTBTC

BCPT Long 2-3x gainHey! I am not in this but it is one of my favorites! Along with NANO that rocketed today so I am not buying that until pullback. BCPTBTC is in a bottoming process and history has proven that it can go down from here but when it gets moving it really likes to go. I AM NOT SAYING BUY HERE. I THINK BTC CAN GO DOWN AGAIN AND THAT IS WHEN I WOULD ENTER. FROM 4000 BCPT IS A TRIPLE TO 1200. FROM HERE IT IS HARDER TO 3X SO 2X IS BETTER TARGET. My buy zone in purple box. Sell zones would be red lines and fib zones at least to the 7500 50% but I see no problem in going back to 1500 zone it hit twice before. This chart has always been weird on TV there have been two large moves to around 1500 and maybe the 1200 zone .76 fib level is more legit. Remeber on the way up to look for resistance. That is the OLD SUPPORT denoted here. Draw your lines right or suffer losses! Not trade advice
BLong
by orbsatchel
BCPT Falling WedgeBCPT after the rally in a correction and a clear falling wedge. Prior Trend: Ideally, the falling wedge will form after an extended downtrend and mark the final low. Upper Resistance Line: It takes at least two reaction highs to form the upper resistance line, ideally three. Each reaction high should be lower than the previous highs. Lower Support Line: At least two reaction lows are required to form the lower support line. Each reaction low should be lower than the previous lows. 0.832 Fib we had our first high, 0.618 the second. 0.786 our third. Now it's a do or don't. As mostly, it's also BTC doing his part here. BCPT is promising group with it's first project LNDR that came out roughly 2 weeks ago. On the 4h charts, the blue line crosses the orange one. RSI is still on the lower neutral end. Volume pretty low and rather a sideway story, a strong finish on the D chart above 0.786 Fib would be a good sign for a uptrend reversal. 5205 (blue line) is a strong support, if BCPT goes further down, I would check around 5200/5500 to get in a trade. I am not a financial adviser and I am thankful for ideas and feedback, thank you!
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by FloTi
1
BCPT BIG PICTURE BEAR FOR NOWFOR NOW, the lines above are: Horizontal- support, resistance lines. Uptrend- long term uptrend line. Downtrend- the appears to be a new downtrend line to watch. ( The shorter the trend the less weight it holds.) The arrows are top, MA Cross line in chart. The bottom is volume going down and RDI going down. Both are bearish and I won't go long until they change. We all know these things can pop hard and fast up or down but I am aiming the the lower FIB line of support to enter in the lower 7's. 0.0000719 looks good and is near the .786 fib line. This analysis is descriptive, so I am just saying what has happened and what I will do. I have no idea when the bull rum for this will happen but I do think it moves great. Descriptive Analytics, which use data aggregation and data mining to provide insight into the past and answer: “What has happened?” If BCPT runs higher on volume and breaks out above fib line and wall of resistance above 8900 then the thesis changes and I buy and go for the ride with a TIGHT STOP LIMIT ORDER!
BShort
by orbsatchel
BCPT Bear Case FOR NOW, the lines above are: Horizontal- support, resistance lines. Top Uptrend- short term uptrend we broke. Bottom Uptrend- long term uptrend line. Downtrend- the appears to be a new downtrend line to watch. ( The shorter the trend the less weight it holds.) The arrows are top, MA Cross line in chart. The bottom is volume going down and RDI going down. Both are bearish and I won't go long until they change. We all know these things can pop hard and fast up or down but I am aiming the the lower FIB line of support to enter in the lower 7's. 0.0000719 looks good and is near the .786 fib line. Better yet would be the long term trend bounce just above .0000685. Seems like people are selling now and counting on that. This analysis is descriptive, so I am just saying what has happened and what I will do. I have no idea when the bull rum for this will happen but I do think it moves great. Descriptive Analytics, which use data aggregation and data mining to provide insight into the past and answer: “What has happened?” If BCPT runs higher on volume and breaks out above fib line and wall of resistance above 8900 then the thesis changes and I buy and go for the ride with a TIGHT STOP LIMIT ORDER! I resposted this after I looked over ENTIRE CHART AGAIN. Don't get lost in the short term!
BShort
by orbsatchel
BCPT 85% Potential Trade by TradingHeat with Minor Risk#Trade116 #BCPT Buy Now Under 0.00008150 #SaleTargets Target 1: 0.0000925 Target 2: 0.0001030 Target 3: 0.0001120 Target 4: 0.0001190 Target 5: 0.0001330 Target 6: 0.0001470 More High Targets, More risky. Depend on BTC Stability, it can chase all targets or move back earlier. StopLoss 0.00007540 (Please Must Sale if trigger and wait Followup or move to Next Trades) Duration: 5 to 15 Days Risk 5% - Reward 85% Strategy: Must use #MultiTargets Strategy. Sale 1/4 On each Target and rebuy at dip. Check our detailed guides and followups on Telegram or Twitter. Links given in Profile Description.
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by shezamin
2
BCPT Head and Shoulders Pattern?I received a comment on my last post on BCPT with suggestion of a potential head and shoulders. It actually looks to be true, something I over looked. You can see that on the right shoulder it perfectly hits the previous trend line. First it broke through the trend line then bounced back up only to be rejected by previous support. That is textbook for a head and shoulders pattern. This is bad sign for the price action and indicates a loss of momentum in the previous trend. Unless it gets back above the trend could see it break down. Shoutout to @karma1888 for pointing it out.
BShort
by bensonwithin
11
Bcpt Should you buy?If you've been following my posts on BCPT you will notice I've deleted the previous elliot waves I had. The waves I drew failed so I've done a recount. We can see that the price bounced off the 200 ema which is important. In almost all my posts I mention the 55 and 200 ema and how powerful they are. In one of my earlier posts of BCPT I mentioned how we should see a bounce off the 55 ema which it did. That resulted in a 20% bounce. It wasn't enough to cause a trend reversal and quickly fell back down. Unfortunately I didn't mention the possibility of price bouncing off the 200 ema. If you had put a buy order around the 200 ema you would be looking at another 20% gain. This shows you how powerful these ema's are and is a strategy used by many. Traders rely on these ema's to act as support which will generate quick easy gains. So keep that in mind the next time you see the price falling to either of those indicators. That strategy alone can be very profitable. The macd looks like it wants to cross over, the rsi is shooting straight as well as high volume. Price ran into some resistance but it is currently obvious that there are more bulls than bears. The current candle on this 4 hour chart will be closing in 30 min so we will look at where it closes relative to the ema's. I've drawn two red resistance lines. If price manages to reach that area I am expecting resistance and uncertainty of the the direction price. We will see if this new elliot wave pattern holds to be true.
BLong
by bensonwithin
2