Bytecoin #BCN before heavy breakout? Please have a look at the chart!
We do have the same 4 day chart candle combination, as we had before Bytecoin binance listing!
Of course, it is not very likely that it happens twice, but not impossible.
Cryptonote
BCNXMR Bullish Bullish BullishAfter binance spike, BCNXMR is the pair which was the strongest in correction phase.
If January resistance breaks, the binance high is just a matter of time.
MACD is nearly crossing in daily, watch out!
On the fundamental hand, Bytecoin was often blamed being a scamed from Monero community.
You can only speculate, but the rise of XMRBTC in 2017 is also mainly due to a very strong community.
The Monero community weakens a lot, looking at a few unsuccessful hardforks,
moreover the XMRUSD Chart is one of the weakest in crypto at the moment.
It seems likely that Bytecoin will strengthen its position as first cryptonote coin.
Bytecoin, first target reached, second 0.00854 USD!Bytecoin was pumped yesterday and reached ist first short term target.
Second target is 0.00854 USD!
EDIT: We are in breakout zone before binance listing between 0.006610 and 0.007806. Due to some news there could start a second breakout from here soon.
Bytecoin still heavily long Wuuuh that was a tough surge on Bytecoin.
BCNUSD reached about 0.25 in Binance yesterday and about 0.03 in Poloniex and HitBtc.
At the moment there is a lot of dust and FUD spread wheather it was a scam or something like that.
My recommendation: do not listen to these people and take a look at the facts:
- network was heavily overloaded because nobody has expected such a great rise in price
- a lot of people tried to withdraw there coins to binance which heavily overloaded the exchanges
- CoinMarketCap has NOT delisted Bytecoin, it simply has difficulties to count a real price due to price differences in exchanges,
but these differences are nearly vanished atm
+ Bytecoin is listed on Binance!
+ we have a heavy trading volume right now and in future
+ Bytecoin has risen at least a 100% atm
+ there is a lot more interest now in the project and some kind of FOMO which is always good for price rise
+ Bytecoin team is working hard on fixing everything
So make your own choice. For me Bytecoin still is the Buy of 2018 and will rise again soon.
On the technical site the target still is around 0.08 ( take a look at the chart)
Bye Bytecoin!!!!Well, Bytecoin will be in the near future the #2 cryptocurrency please remember me!! Bye Bytecoin!!!
