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BCPTBTC

Update on BCPT Hi guys! I adjusted my previous chart slightly because the price was moving quicker than anticipated. As you can see I have moved wave 4 to the left to line up better with the current price action. I also adjusted my buy in price indicated by the green rectangle. We hit resistance yesterday and have been traveling down since. My target begins at the 50% fibonacci retracement and extends to the 61.8% level. The bold orange line represents the 55 ema which is rising perfectly to add support to the indicated price target. Because of the power of the 55 ema we should see it act as support. If however we break below the 55 ema, the next support would be at the bottom of the green rectangle which is the 61.8% line and also the top of wave 1.
BLong
by bensonwithin
8
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
MOVING RIGHT NOW, The latest mover and the biggest opportunity $ Hey my beloved followers, Here is the latest coin to get on the move as a reward for your patience. Dollars and Senses has been stuck on a plane and not posting for a few hours. Here is a good one to ease us back into the groove. Also thanks to those of you in our chat group for bringing the focus to the fast movers in real time… a few hundred eyes is better than 2 in a markets that’s growing in options to watch all the time Jumping into moving coins always carries a degree of risk, what’s happened has already happened and the further something has actually moved, the less it has left to move. Still if we can find the right moves and the right pullbacks they are great opportunities to earn fast profits. I am going to start with a very aggressive entry on BCPT and will then comment with a more conservative set up. You can see on our chart that the dotted 0.000124 has become an important level in recent time, It’s a high set Feb 25, and has then been broken, retested and bounced off early today as part for a sharp move up. That move has now come back to our 0.000124 level, and the 23.6% fib retracement (Overlaid) and gives us our opportunity. Please note we haven’t pulled back even on these time frames to any EMA which shows us how early we are in the pullback. The is risk here but the fear of missing out is also great. The set up is to aggressive for us to just buy the current level or test of the level, we need a Price action conformation. We need a decisive Buying bar (Closes towards the top of the bar) on a 30 minute or hourly chart. Once we have that we will buy as price takes out the top of the bar, with our Stop Loss below the bar and the level. From there first target is a a large scale out just before my blue line at 0.000132 If you want to make Dollars your decision needs to make Senses: Its hard to catch fast moving coins, when you can get the right entry you want to get in I will keep you updated here. Daily Quote Enjoy! "Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting!
BLong
by DollarsAndSense
9
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 :)
B
by A_Cryptastic_Mind
22