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
Bitcoindiamondusd
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.
Staggered Rise Leading to Massive IncreaseOn both charts Bitcoin Diamond and Litecoin we can see the similarities, both with a large rise then following a pullback
Linked below is a great fractal showing the potential of this formation
I am seeing this formation more commonly across the board
YES, BITCOIN DIAMOND WAS WORTH NEARLY $400 AT ONE TIME, NOW $1This is fairly safe buy, because we can consider that BCD finally hit bottom as evident on chart - consider around or under 10% of your portfolio in this
