Bitcoin Diamond (BCDUSDT) Analysis 04/03/2021as we can see the coin has done its accumulation phase and started its Rally where as we can predict 3 TPs by Fibonacci projection.
the 1 TP is the immediate Target if the current Resistance area breaks and turns to Support,
if on the same impulsive wave after the 1 TP, we Triger the 2TP which is the extension level i.e. 161.8%, then we can be optimistic about the 3 TP which is the 261.8% of the same
Bitcoindiamondsignal
Is BCD Ready For Another HUGE PUMP?As Bitcoin starts to spend time over 50k again, our eyes are now turned to coins that can pump suddenly, such as BCD. As you know, the money that comes out of Bitcoin and stable coins first flows to major altcoins and then to coins like Bitcoin Diamond. I am interested in it again. I have several reasons for this. The first is that the market looks good. The fact that Bitcoin continues to rally again and FOMO. Some altcoins have not even started their movement yet.
My target levels are as seen in the chart. 3,15 - 4 - 4,5 - 5,25 USD levels can be followed first.
BUT, BE CAREFUL. This is not investment advice. It doesn't make much sense to me to talk about the future of altcoins in an environment where Bitcoin isn't looking so good. First, watch Bitcoin. Also, a significant amount of the Bitcoin Diamond supply is managed by a group of whales. This is an important onchain data. You also can check it by yourself.
BCDBTC formed a bullish Garltey | A buying opportunityPriceline of Bitcoin Diamond / Bictoin cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00006042 to 0.00005892
Sell between: 0.00006158 to 0.00006440
Regards,
Atif Akbar (moon333)
Bitcoin Diamond (BCD) due for MAJOR upside reversal. Long BCDAfter the breakout earlier this week from 20Ksat up to ~27.9k sat and the ensuing correction back to $0.88 or 21-22ksat we see that the price of BCD has since stabilized and has started bringing on higher lows since the big correction. My chart analysis is showing that BCD is set to make a huge move up to test that 27.9k satoshi level again very soon. Long BCD
BCD was distributed initially as an airdrop to BTC holders with holdings of at least 1 BTC at a ratio of 10:1.
Point being that the accounts that received the BCD airdrop were not small accounts.
BCD has an ATH of $85.27usd or 988k sat
Trading right now at $0.88usd or 21k sat
Potential for some colossal trades.
Per Request: $BCD Should You Enter & Where Is The Exit Level?Bitcoin Diamond not really long time ago was having a really manipulated market as the maintenance happened on Binance wallet, causing the local market on Bitcoin Diamond locked and pumped while other exchange follow through with such percentage and most traders really trading speculatively hoping that they can buy cheap and dump it on Binance. Yes it's work. For me. I'm the one who do so even i'm not selling on Binance because i know based on my experience i won't have time and luckily i'm right. Even, i'm profiting twice. Big profit and really small percentage of it afterwards just based on speculative reasons.
Unfortunately, not many was like me. Some might trapped on the higher price as side effect of that for real. So some of them might looking for an entry right now for averaging down their holding (DCA - Dollar Cost Average / BCA - Bitcoin Cost Average).
At the moment Bitcoin Diamond sitting on precisely 30K sats. This fork was quite hyped back then. BCD having 10x total supply of Bitcoin, I'm not really sure, but if they think they can replace the original Bitcoin, they might go wrong. Since that many supply must be for scalable purpose tho.
Sure thing is they are listed on quite many exchange as benefit of fork. Plus due to Bitcoin ORIGINAL volatility, we can only lean on the chart right now.
A slight bullish in my opinion, with 45:30:25 for Bullish:Bearish:Sideway.
Indicators looks good at the moment, my bullish tendencies will have 4% - 15% target on few days ahead at least. Black dots, plus the RSI level still giving it room for a slight growth before it might take a chill donw.
Otherwise, we need to see that if price action break my box and lines we will go bearish and re-asses the chart, probably it will invalidated this setup; or if it stay in it it will go sideway, most likely.
Trade safe!
If you're looking for higher time frame, really it will be such a waste, as this stuff really linked on BTC price.