Get started

Bytecoin

Bytecoin BCN. Breakdown. The beginning of a series of pumps? 666Bytecoin (BCN) pump coin, as you can see from the graph, was pumped to mega X even in the bear market in 2018 twice in a row by + 600% and + 666% from the breakout zone. As you can see, all the big pumpings were for non-random numbers +666, + 4000%, + 4666%, + 600%, + 666%. Who knows how to read numbers, understands all the logic and why it was necessary to do so. Also, I think you understand that such exact figures are not meaningfully made by the "psychology of the market", but rather by the "psychology of a group of individuals." The tool is completely managed by the money that the "pushers" have, the crowd absolutely does not affect the price, the crowd is directed. The crowd buys when it is already very expensive. And when they say to her "buy and hold." People are afraid to buy cheap, they buy expensive. The higher the price - the more willing to buy, the high price supported by the news background gives the illusion of a safe purchase. At very high prices begin - the panic purchase of hamsters. They have money, watch the movement of large orders in a glass on the HitBts exchange. Only on the HitBtc exchange do they have 200 BTC moves in orders to buy. Which miraculously move the price up. At the Polonix exchange, the book of sales orders has been loaded, but most likely this is the majority of their orders. In the course of price growth, they will buy from themselves and show the "interest" of the buyer and the large volume in the market to attract the crowd. Also, all this action will be accompanied by news such as: “Bytecoin is the hope of mankind”, “Bytecoin is collaborating with .....”, “Bytecoin is a new anonymous Bitcoin” and a similar FUD to accompany the price. Know - the news does not make a price. Money makes the price. News is created to accompany the price. I think it’s not necessary to remind that such coins always merge 100% after pumping, however, like everyone else, only everything doesn’t grow in such a short time for such hundreds of percent. Do not believe in the "news". And now the most interesting thing, no one can probably even guess at this time that this pump-coin is associated with such a well-known "anonymous" cryptocurrency as Monero (XMR)! Monero Top Coin (XMR) is a fork of this coin! Not Bytecoin (BCN), namely Monero (XMR) is a fork. Roughly speaking, this pump coin is the mother of the top Monero coin. Probably few people know about this, as it was a very long time .... ENTRANCE Now or on a rollback if it will. Just be sure to use Stop Loos. I do not need to think to remind you that the entrance is now risky, as this breakdown may turn out to be a false breakdown. You immediately count on Stop Loos for the amount you are willing to lose. But if they pump on such percentages as before, then the risk is justified. TARGET By objectives, such coins can be pumped up, as you see, by hundreds of percent, where it is difficult to tell where the price will be reached at the beginning of the movement. At the moment, I can only say what are the potential first goals. Goals are shown on the chart by target levels. Stop loss Set Stop Loss value with calculation of your trading strategy and money management. May bring down your Stop Loss, this also needs to be understood. How they bring down Stop Loss, I told in the training idea. This is how this breakdown of the downward local trend line locally on the chart looks like.
by SpartaBTC
1
BCN (Bytecoin). 1 target wedge + 50%. Rounded bottom + 371%BCN (Bytecoin) A rounded bottom is formed. We are now in the 2nd phase of the formation of this global, long-forming figure. In the second phase, trading volumes are at a minimum. The coin is not interesting to anyone, "faith is killed," the price is at a historic low, the dump is over. The second phase of the formation of this figure differs in equalizing prices after the dump and a decrease in trading volume. In most cases, such long-forming formations as a rounded bottom become turning figures of trends. But this does not always happen. Therefore, it is very important that this is the correct entry and exit point in case the price goes against you. It’s better to buy a little more expensive, but it’s already in the birth of an uptrend, than to buy at the bottom and get stuck with this coin. Volatility also decreased; at the local level, the coin formed a small downward wedge. The purpose of this wedge + 50% This will be the first target. Here is the penetration of this wedge and it will be possible to move to the 3rd phase of the formation of the figure "Round bottom". And the beginning of an uptrend. The maximum target for the “Rounded bottom” figure (Saucer, Cup) is the resistance of this formation + 371%. If the price breaks through the resistance of the figure of the cup and fixes above it , thereby confirming the reversal of the global trend, the next target is the height to the depth of the cup, the same 370%. And this is more than + 700% of current prices. Let me remind you BCN (Bytecoin) is an old coin for pumping. Pumps in the past were hundreds of percent and repeatedly. Monero Top Coin Monero (XMR) is a fork of this coin! Probably few people know about this, as it was a very long time .... Target: 1) + 50% (fast trading). 2) + 171% 3) + 271% 4) +700% 1) Entrance on a wedge breakout or rollback after a breakthrough if short-term trading. 2) Entrance at the beginning of the 3rd phase of the formation of the "Cup" figure when confirming a local uptrend. Stop Loos - under the support level of the foundation of this formation, set the Stop Loos value with the calculation of your trading strategy and money management. Remember that on such coins, due to weak liquidity, ballast is easily reset before a market turn. So your Stop Loos may be among this ballast. What matters is not the Stop Loos value, but the entry point!
Long
by SpartaBTC
7
Bytecoin BCN Breakdown of a downtrend local trend line.There is a breakdown of the downtrend local trend line. The beginning of a series of pumps like last time or a false breakdown? The breakdown was made by an impulse at a large percentage. The situation is similar as it was at the time to BTC / USD before the trend reversal in April 1, 2019. There was no rollback of the price after the impulse. Then the price rose to + 300%. Although you need to understand that bitcoin is a highly liquid instrument. And this coin is moderately liquid. It’s easier to manipulate and manage prices against crowd expectations. And now the most interesting thing, no one can probably even guess at this time that this pump-coin is associated with such a well-known "anonymous" cryptocurrency as Monero (XMR)! Monero Top Coin (XMR) is a fork of this coin! Not Bytecoin (BCN), namely Monero (XMR) is a fork. Roughly speaking, this pump coin is the mother of the top Monero coin. Probably few people know about this, as it was a very long time .... They have money, watch the movement of large orders in a glass on the HitBts exchange. Only on the HitBtc exchange do they have 200 BTC moves in orders to buy. Which miraculously move the price up. At the Polonix exchange, the book of sales orders has been loaded, but most likely this is the majority of their orders. In the course of price growth, they will buy from themselves and show the "interest" of the buyer and the large volume in the market to attract the crowd. Also, all this action will be accompanied by news such as: “Bytecoin is the hope of mankind”, “Bytecoin is collaborating with .....”, “Bytecoin is a new anonymous Bitcoin” and a similar FUD to accompany the price. Know - the news does not make a price. Money makes the price. News is created to accompany the price. I think it’s not necessary to remind that such coins always merge 100% after pumping, however, like everyone else, only everything doesn’t grow in such a short time for such hundreds of percent. Do not believe in the "news". ENTRANCE Now or on a rollback if it will. Just be sure to use Stop Loos. I do not need to think to remind you that the entrance is now risky, as this breakdown may turn out to be a false breakdown. You immediately count on Stop Loos for the amount you are willing to lose. But if they pump on such percentages as before, then the risk is justified. TARGET By objectives, such coins can be pumped up, as you see, by hundreds of percent, where it is difficult to tell where the price will be reached at the beginning of the movement.  At the moment, I can only say what are the potential first goals. Goals are shown on the chart by target levels. Stop loss Set Stop Loss value with calculation of your trading strategy and money management. May bring down your Stop Loss, this also needs to be understood. How they bring down Stop Loss, I told in the training idea.
by SpartaBTC
5
Bytecoin Price Analysis BCN / USD: Death CrossBytecoin / USD Short-term price analysis Bytecoin has a bearish short-term trading bias, with the BCN / USD pair creating bearish lower lows and lower highs on the four-hour time frame. The four-hour time frame is showing that a bearish head and shoulders pattern has been triggered, placing the emphasis on more near-term downside for the BCN / USD pair. The four-hour time frame shows that technical indicators are turning lower after a brief technical correction. Pattern Watch Traders should note that a much larger head and shoulders pattern is also in play across the higher time frames. Relative Strength Index The RSI indicator has turned bearish on the four-hour time frame and is now issuing a strong sell signal. MACD Indicator The MACD indicator is starting to turn lower on the four-hour time frame, following a brief technical correction. Bytecoin / USD Medium-term price analysis Bytecoin has a bearish medium-term bias, with price now trading below the BCN / USD pair’s 200-day moving average during October last year. The daily time frame chart is showing that the 50-day moving average is close to crossing over the 200-day moving average, which should be considered a bearish signal. DOGE / USD Daily Chart by TradingView Pattern Watch Traders should note that a bearish head and shoulders pattern can also be seen across the daily time frame. Relative Strength Index The RSI indicator is bearish on the daily time frame and continues to issue a medium-term sell signal. MACD Indicator The MACD indicator on the daily time frame is starting to correct from extreme oversold conditions. Conclusion Bytecoin remains weak over the both time horizons, with the triggering of the head and shoulders pattern on the four-hour time frame providing another bearish trading signal. The daily time frame highlights that the 50-day moving average is close to crossing over the 200-day moving average, signifying a bearish death cross in technical terms.
BShort
by CryptoBriefingTA
Bytecoin (BCN) | 456%+ Potential Profits | FREE TRADING SIGNALPair: BCN/BTC Exchange: Poloniex Trade Duration: Medium Risk: Moderate Introduction Bytecoin is an open-sourced, private and untraceable cryptocurrency that was started in 2012. Bytecoin is the first coin that implemented CryptoNote technology as a default aspect to build a project. Launched in 2012, Bytecoin was widely spread in the Dark Net as one of the popular available methods for payment. The main thing that separates Bytecoin from most of the other coins is total anonymity - as soon as your transaction appears on a blockchain, your address can’t be viewed by anyone. Technical Analysis - Revisited Key Support Level (Catalyst For Previous Runs) - Broke Downtrend - RSI Confluence - Tight Range (Expecting Expansion) Fundamental Analysis - Early Hardware Wallets Support - Mainnet Hardfork Estimated 6 March 2019 Our Entry Zone 0.00000016 - 0.00000018 Our Targets 1: 0.00000024 2: 0.00000029 3: 0.00000034 4: 0.00000047 5: 0.00000063 6: 0.00000089+ Our Stop Loss: 0.00000014 Don't forget to hit that like button and give us a follow , we really appreciate it! Comment your thoughts below. And most importantly, enjoy your day! Crypto Eye Team ------------------------------------------ DISCLAIMER: This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more. Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
B
by Axsonex
1
A trading opportunity to buy in BCNXMRTechnical analysis: . Bytecoin/Monero is in a range bound and the beginning of uptrend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 48. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00001355 to 0.00001145). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00001355) Ending of entry zone (0.00001145) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00001600 TP2= @ 0.00001700 TP3= @ 0.00002000 TP4= @ 0.00002230 TP5= @ 0.00002580 TP6= @ 0.00003470 TP7= @ 0.00004185 TP8= @ 0.00004900 TP9= @ 0.00005900 TP10= @ 0.00007220 TP11= Free
BLong
by ForecastCity
BCN waiting for good opportunity Part 3 of 3I think waiting is over, pair didn't reach for a long time another support which was 15. It is very common on markets that if there is strong bullish movement pairs not necessary are touching support line when they push forward. Since my last BCN idea BTC price slashed another 50%. It was close to 6500 back then. I think that BCN bottomed at this stage. Position should be open without any SL and whole money put on trade should be considered as a risk capital. There is slight chance that the BCN will go lower significantly for short period of time and then bounce back and move rapidly towards north which may wiped out all SL's and It happens very often. I will aim for 190 for this trade. This coin also is very unique it may have some problems couple of months ago but this was actually good news which dumped price lower which gave us good opportunity to enter market with good price. ...and just remember this is just my opinion so please don't be so harsh in comments:)
BLong
by Krystiannwk
BCNBTC low risk profitable opportunityAt the 1 week chart it can be seen that a price touched long term support level. This level has been tested three times. Currently we can see double (triple) bottom was formed and indicators become bullish again. Stochastic, WPR and CCI indicate a good entry point, while RSI is neutral. We can seen that each time a new growth wave starts when the price touches the global support level which coincide with Fib 1 retracement level. Here we can see a reapeat of this pattern. Summary, BCN is recommended for the long term trade using the designed strategy. Buy zone, free target and the stop loss are drawn at the chart. Follow the updates for this coin and stay tuned Sincerely, SkyRock Signals team
BLong
by Skyrexio
4
BCN waiting for good opportunity Part 2 of 3BCN finally dropped close to 30% which is good news if you are waiting for the enter as I do. BCN is approaching the first buy level which is around 15 +/- 1. It is hard for me to say if the BCN will go below 10 or stop at 15 or maybe go down to 5. BCN is solid coin and volume is rather big so I think another price spike will most likely happen I would not set any SL for this position. There is possible that the pair may drop to even 1 but it may be veery short lived and value will skyrocket but your position will be closed. Trust me this is the situation you want to avoid. look at the weekly chart it seems that the 200 ema decided to show up. I think it will be not bad idea to set buy order close to 15 at this stage. If the pair will dive deeper there is another good entry level close to 9.
B
by Krystiannwk
3