BitBean Change In TrendOn the 6th of January BitBean found the top at $0.042, after which it declined back to $0.0054, losing 87% to USD. At $0.0054 it found the support confirmed by 227.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. The support was rejected twice while the RSI oscillator formed a bullish divergence, suggesting the reversal of the trend.
Price went up and broke above the descending channel as well as he 200 Moving Average, yet again confirming the potential trend up. BITB/USD continues to produce high highs and higher lows and this tendency doesn't seem to stop soon. The first upside target is seen at $0.04 area, which is confirmed by two Fibonacci retracement levels.
On a downside, the price could once again test the $0.012 support, but only daily break and close below $0.0088 should invalidate bullish outlook.
Bitbean
BitBean VS Bitcoin - What To ExpectAfter testing an all-time high at 250 satoshi, BitBean corrected down to 76.4% Fibonacci retracement level at 79 satoshi, although price did spiked lower while hitting 68 sathosi, but failing to close below the Fibonacci support.
At this point, the upside potential is certainly there, but it has to be kept in mind that price does approach a very strong resistance at 150 satoshi. If BITB/BTC manages to break and close above that price on a daily chart it is very likely that the uptrend will continue and could go as high s 161.8% Fibonacci level at 362 satoshi.
On a downside, the strong support is now at 100 satoshi area and if the price goes below it, BitBean could go back to 70 satoshi support to form a double bottom. All-in-all, the buying opportunity is interesting and could result in a strong 140% gain against the Bitcoin, if the resistance will be broken.
BITBBTC. Possibility of a good climbThe price is heading in the area of possible breakage.
The tp3 is hard to reach and obviously to get there you have to hold it for a long time.
I do not recommend buying with a large % of your capital, better to stay lower. (due to the volumes)
bitbbtc total lose in next 7 Months like it was in 2017The history repeats.
Next 7 Months we will see escape of investment from cheap coins like Bitbean resulting to up to 90% lose like it was in May December 2017
One to definitely watchThis is another coin I'm heavily interested in and got the opportunity to buy a lot of when it was still 11sats... look at the potential since. My last bit of confluence that triggered me to buy was based on similar activity (Volume spike) being showed a year prior around Jun/Jul.
I'm not saying to wait till next year to buy nor not to expect another spike in price till then, we could either expect one in roughly half that time and/or an even bigger spike by Jun/Jul next year.
Either way, just look at the volume... it has never spiked this high and a well known technical signal for price hikes is volume, so keep your eyes open on this one.
It could possibly floor to 14/15sats if the devs don't release any news soon and kills the hype, conversely: It grew from a high of 116 to 475sats in a year. It can go as high as 625 sats and then correct around 80-100sats for a while.
BitBean Needs To RestSince November BitBean has been rising strongly and went up from $0.002 up to the $0.024 resulting in a growth of over 1150% in less than two months. At $0.024 it found the resistance confirmed by the 127.2% Fibonacci retracement level applied to the last corrective wave down.
As there was a clear rejection of $0.024 it is now likely that BITB/USD will consolidate for an extended period of time, of course, if the resistance will be respected by the market. Break above the resistance should signal on the uptrend continuation, however, at this point, BitBean could be taking some break while moving lower.
BitBeans - getting bullishThere is an ascending triangle formation for BitBeans, which means there could be potential breakout with high volume.
Enter into trade if the price closes above the triangle. Keep tight stop loss and BTC is pretty unstable
Enjoy the ride
BITBBTCLike many other cryptos, after a prolonged flattening movement there happen a serious impulsive motion. Wave analysis shows typical trend enumaration as correct, though I am seeing as for now Bit bean more upward to indicated range.
Pump or Dump in next hoursSeems BitBean is also under trend "buying and pumping cheep coins".
Be careful, Bitbean has very limited potential and have only one developer improving the code.
The Deadlines in Roadmap hold very rarely if ever.
Especially renaming it into CASH could result to shitstorm like it is against bitcoin cash.
Bitbean: UpdateWave 5 seems to have started. We broken out of the ABCDE pattern and forming a cup and handle. Once again, a very common pattern formation in this market. What are your thoughts?
Trade with care.
BITBEAN / BTC BITTREXHello guys , this is very unknown coin what I have just looked up but they have two big news which can increase the volume and also price can go up .
We will see what is going to happen
BITBEAN: For Those Who Missed XDN and XVGIf you have been following me before the whole pump of these penny coins, you would at least capitalize 36x with Verge. I didn't make a post about XDN, but the play were similar. Here is the third play, I am currently in BITBEAN at 95 sat. There is one more after Bitbean, and it is Redd. If you check my previous post, you will see the potential in it. Don't miss out. What are your thoughts?
Trade with care.
#Bitbean Daily Chart Prediction after Bean Cash (BEAN) rebrandLooks like the rebrand from Bitbean (Bitb) to Bean Cash (BEAN) is happening "soon" and I think that event may send the price right up following something like this...
Bitbean soon to be BeanCash and prediction for the next 6 monthsDAILY CHART for BITB / USD (( BEAN / USD ))
Bitbean is going to rebrand to Bean Cash (BEAN) and that event may push the price to cross over the expected breakout level (black line). Once it crosses the price will start to rise to test previous ATH. If it manages to cross over that ATH the logical thinking is that will try to double the price from the previous ATH (2x). After the new ATH (2x) has been achieved, the price will retrace to the expected support levels making normal retracement and price correction relative to full push extent. After that, the cycle may repeat again...
Bitbean Consolidation/BreakoutI think we got 2 weeks maximum to buy more Bitbean before the consolidation end to a huge breakout.
