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BICONOMY (BICO)/TETHER USDT

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BICOUSDT trade ideas

Trading Signal Alert: BICOUSDT - BuyDear Traders, We have identified a promising trading opportunity for the BICOUSDT currency pair using our EASY Quantum Ai strategy. The current analysis suggests a Buy signal with the following parameters: Enter Price: 0.2533 Take Profit: 0.26623333 Stop Loss: 0.23783333 Analysis and Justification: The decision to go long on BICOUSDT is based on several key factors. 1. Technical Indicators: Our strategy incorporates advanced technical analysis tools that have detected a bullish trend formation. Key indicators like the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) are showing positive momentum, indicating strong buying pressure in the market. 2. Market Sentiment: There has been a recent shift in sentiment among traders and investors towards digital assets, particularly favoring projects like BICO. An increase in positive market news and developments is supporting the upward momentum. 3. Volume Patterns: A consistent increase in trading volume suggests a heightened interest in BICO, aligning with our trend-based entry strategy. 4. Support and Resistance Levels: The entry price aligns well with previously established support levels, providing a solid foundation for the anticipated move upwards. As always, please exercise caution and proper risk management when executing trades. Happy Trading!
Long
by ForexRobotEasy
Biconomy could be huge.Hello, fellow traders! This is my analysis on Biconomy (BICOUSDT). I've covered Biconomy a lot in my account - it actually has second highest coverage after BTC. 1️⃣ Analysis The price has recently crossed the resistance line (red line) of the monthly downtrend with notable volume spike. The line used to be the support line of the previous downtrend until the lower breakout in July when it became the resistance of a newer downtrend. The line was constantly being respected, and with the price nearing the ATL (All time low), we see a wedge pattern. The price recorded new ATL before making a breakout. This could be interpreted as a falling wedge pattern where the price reverse the downtrend with explosive increase in volume - starting a strong uptrend. 2️⃣ Expectations I think the breakout and the volume spike is something to pay attention to. The resistance line has been showing very strong price actions for over half of Biconomy's entire history - crossing such line could potentially signal a strong reversal of the trend. The unusual, explosive volume spike also backs this up. Take a look at the similar attempt in July where the breakout eventually failed without the volume. The price is also very close to the strong support level of 0.1987. With all these information together, we might see a strong uptrend in near future. 3️⃣ Key approach 4️⃣ Other approach - I'm going to skip all the approaches for this analysis because I am not going to trade but just watch. But if I were, I would set my initial target price to 0.3667 which is key resistance level and exit all when the price reaches the green line which is a support line of early uptrend. Reason I am not going to trade is because it will be based on a raw assumption (prediction) that the breakout is true - this personally does not align with my trading rules. I know I am not strong enough to endure that kind of stress. 5️⃣ Considerations 1. If you are willing to trade, keep in mind that this is not going to be a short time trade. It might take months or even years for us to reach our targets. Or it might not reach at all. 2. 0.2530 - 0.3047 zone (where the price is currently in) is very difficult to cross. This is because the zone represents the gap between Biconomy's high and close on its first trading day. It might take a long period of consolidation for the price to finally break through. 3. The selling pressure is very high right now. This is not a surprise though considering the historical background of the current price range. Also the reversal of trend always bring high opposite pressure in order to maintain the current trend - older the trend is, higher the pressure. 4. This is an adventure. Nobody knows what's going to happen. Once a breakout happens, you really can't see what's next. You cannot comfortably rely on the historical data. Yes, the price may respect historical levels and zones but even that contains some uncertainty - if a line gets broken, what makes you think others won't? The breakout also has possibility of failing or being false. New trend means no historical data, no background information, and no idea what to expect or where to expect next pivot points. This could give you a lot of stress which is why I am not going to trade this one. 5. Biconomy has no news in TradingView. It doesn't even have a section for it, which I thought was odd. However, I've done some research on the internet and I felt pretty positive about their active engagements on Social media and their innovative ambition of the project. 💡 Breakout might allow you great fortune but contains a lot of risks and contingencies. And this is why I prefer trading inside the trend - granted, trend does not last forever and past does not always represent the future, but we can definitely take profit with proper understanding of how the market moves and confirmation of trend continuing. Just like surfing. But if you insist on trading Biconomy, make sure to set multiple layers such as price rebound or break of structure to confirm the uptrend. 💡 Analysis on Biconomy I've done so far were mostly based on the hourly chart. But analyzing the daily chart gave me a broader idea and perspective of how price might move in the future. Lesson I learned here is that larger timeframe gives us wider view of the movements. Watching the hourly chart or lower timeframe could also be pretty stressful. Funny thing is even if I enter at the same price, doing so based on the hourly chart analysis gives me anxiety whereas daily chart gives me more confidence. If you zoom out and set your holding period longer, it's a lot less stressful and also safer. So don't be anxious, don't be emotional, do your best and the rest is up to God. Thank you for reading my long analysis and I hope you got something out of it! React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful. Nehemiah 13:7-9
by QJEEE
BICO with the election hypeHello, fellow traders! I never thought I'd post about BICO again but here it is. For the last 5 days, BICO attempted the breakout three times. Last two times failed, price being unable to sustain above the resistance line. Two consecutive failures mean that the seller pressure is still strong, but I decided to keep watching since the third breakout might happen with the election today. And there you finally have it! BICO on its THIRD attempt. BICO is now above 0.25 and with this exceptional volume spike and the promising outcome of the election, it might start rallying very soon. However, don't get too excited- we still have some steps left to confirm the uptrend. We want one of these two scenarios to happen: 1. Rebound near the resistance line (red line) 2. Rebound at the demand zone (red box) If we see both, that's even better. Then we will feel confident enough to enter.
Long
by QJEEE
BICO final analysis: What's the future of BICO?Hello, traders! I've posted a lot about BICO lately, and this will be my final remark for this cryptocurrency. BICO is about a year old, its ATH was 0.9877 USDT on April 1st when it continued to decline ever since. BICO's average daily volume was very low for last few months, being approx. 5M USDT. However the volume from October 30th to November 4th (yesterday) was 456M in total. This is average volume of 76M a day. With this exceptional rise of volume, BICO is attempting to escape months old resistance line of the downtrend. Looking at the 1H chart, we see more details of the current movement: the crypto had two breakouts, both failing to sustain above the resistance line. This tells us that the sellers are still in charge - despite the promising volume spike, price failed to remain above the line longer than 24 hours, not once but twice. BICO's selling pressure still being high, there are two scenarios we can expect: 1. BICO remaining in consolidation for another breakout attempt. If current attempts are fueled with upcoming US election (and interest rate announcement), it might succeed in its third attempt. If this is the case, I will wait for the third breakout, confirm the uptrend with (1) rebound at the resistance line and (2) break of structure at 0.2529. Normally, I don't put much hope for any crypto or stock that shoots for the third attempt, but I'll give it a try since the US election is just about to happen. 2. BICO continuing the downtrend after two failed attempts. You will see a orange line in the chart at price of 0.2106. This price has acted as a key support level for past few days. If you go further back in the past, you will also notice this price had numerous occasions of price action. The level has acted as a solid support after the first breakout. You can see two strong rebounds as the price reached this level. It is still working as a support after the second breakout, though it is a lot weaker. If the price drops below the level, I think the third breakout is far less likely to happen. I'm not going to say it is impossible (considering the election) but I'd lean towards the SHORT opportunities more. If the price drops below 0.2, I think that's a valid sign for a continued downtrend. Let's see how it turns out!
by QJEEE
Is BICO About to Surge or Plunge? Critical Levels!Yello, Paradisers! Is #BICOUSDT gearing up for a significant move, or are we staring down another potential dip? Here’s what we’re seeing on the charts and why you should pay close attention. 💎#BICO is showing bullish momentum after successfully breaking through its descending resistance. The current price is testing the demand zone around 0.0205, a critical area to watch. If the price manages to rally from here and breaks above the 0.267 resistance level, we could see a significant shift in market structure, leading to a strong upward movement toward major resistance targets. 💎However, there's a caveat to keep in mind. Should BICO break below this demand zone, it may test the key support level once more. This support level coincides with a previous low and serves as an essential price floor. For the bullish scenario to remain valid, BICO must rebound and reclaim the 0.0205 level. Any failure to hold above this point could signal trouble. 💎If a daily candle closes below this crucial support, the bullish outlook would be invalidated. In that scenario, BICO would create a new lower low, increasing the risk of further dips. Stay disciplined and patient, Paradisers. Monitoring these levels and acting strategically is the key to long-term success. Trade smart and play it safe! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
2
BICO expectation (1D 1H) In my previous post about BICOUSDT, I've watched the market for the entry opportunity but unfortunately it slipped. Click above to check. The price is now below the resistance line of the weekly downtrend again, but is refusing to continue the downtrend - normally when the breakout fails, price drops without hesitation. Look at what happened in July, for example, we see price being immediately pulled back after touching the resistance line. It did show some price action around 0.2978 after the touch, but eventually continued with the downtrend. So what's the difference between then and now? There are several differences, first one being the breakout. Previous touches did not break through the resistance line - price reversed as soon as they touched it. This time, however, the price managed to breakout and stayed above the line for a while. This is significant because the price finally managed to breathe fresh air after several failed attempts. The second difference is consolidation after the breakout. We already see two respectful bounces after the pullback. I say 'respectful' because the bullish reversal is very strong. As soon as the price touches the level, it almost immediately bounces back up with strong momentum. The third difference is the most important: volume. Have a look at the volume here. Previous highs do not have any significant volume spikes. By my calculation, average daily volume was around 4 - 5 million USDT during the downtrend. Last 5 days had volume of 420+ million USDT in total. This is a significant spike we cannot overlook. Volume does not lie. Let's look at July 17th when the breakout happened. We see the initial breakout, pullback, second breakout and an uptrend. These two points would be where we would've entered. First entry is where we confirm the breakout and the break of structure, second is where we confirm the reversal of trend after touching the resistance line. The uptrend unfortunately stopped and reversed in 0.3643. Similarly, if we see a break of structure where the green arrow points at, this will be our first entry for LONG. Even better entry would be here where the price pulls back to the BoS level and shows reversal. Where would we set our TP and SL? For TP, there are five different levels we can expect a resistance. I would sell most of my position by 0.3643. I will leave some to possibly sell at 0.4. If the price fails to reach 0.4, I will exit then. SL would be where the price pulls back to the resistance line. However, if we confirm a reversal there, we might shoot for a new entry. If not, new opportunity will knock at our door for SHORT!
Long
by QJEEE
#BICO(SPOT) entry range( 0.1900- 0.2390) T.(0.6399) SL(0.1790)BINANCE:BICOUSDT entry range (0.1900- 0.2390) Target1 (0.3899) - Target2 (0.6399) 1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high. SL .1D close below (0.1790) *** collect the coin slowly in the entry range *** *** No FOMO - No Rush , it is a long journey *** **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO ****
Long
by Crypto_alphabit
BICOUSDT possible uptrend!In my previous post about BICO, I suggested that BICO might stop the months old downtrend and switch to an uptrend. We now see a strong bull candle breaking through the resistance line - great evidence of a possible uptrend. It might be too risky to enter now, but if the trend reverses back to the BOS line and bounce back, that might be a good entry point for LONG. The volume also suggests strong signal for the start of an uptrend. I expect a pullback as low as 0.2265.
Long
by QJEEE
BICO/USDT: Looking Promising for a Breakout!BICO/USDT: Looking Promising for a Breakout! BICO/USDT is showing signs that it may be on the verge of a strong upward move. This setup is creating excitement as traders watch for a potential rally in the coming days. Here’s a detailed look at what to keep in mind to maximize your breakout trading strategy: Breakout trading tips 💡 1. Confirm the breakout: A true breakout happens when the price pushes above the resistance level with solid momentum. Look for a strong candle close above this level, backed by increasing volume. This indicates that buyers are committed and less likely to reverse. Avoid jumping in on weak moves, as “fake-outs” can trap traders who enter too early 📊 2. Watch for retests: Breakouts often come with a “retest” where the price dips back to test the old resistance level as support. This is a crucial area to watch, as successful retests can confirm the strength of the breakout. This can also offer a better entry point with reduced risk, allowing you to take advantage of the trend without chasing the price 🔄 3. Set smart stop-losses: Protecting your capital is key. For breakout trades, placing a stop-loss slightly below the breakout level or retest point is a smart way to limit losses in case the breakout fails. A well-placed stop helps you stay in control even if the move doesn’t hold up 🛡️ 4. Track market sentiment: Breakouts are often influenced by the overall market environment. Keep an eye on Bitcoin and other major cryptocurrencies, as sentiment shifts in these can impact smaller assets like BICO. Strong bullish or bearish trends in the market can either boost or stall breakout momentum, so always stay aware of the bigger picture 🌐 5. Set realistic targets: Map out potential resistance levels above the breakout point. These can act as targets for your trade. Taking partial profits at these levels allows you to lock in gains while leaving some position open if the trend continues 📈 Trade with caution and keep these tips in mind to make the most of BICO/USDT’s promising move. This isn’t financial advice—always DYOR! 🔥
Long
by Crypto-By-Ghazi
1
BICOUSDT analysis (1H, 1D)I've done a NEIROETHUSDT analysis in the recent past, and one thing I learned from it was that we should never overlook the volume . We look at the BICOUSDT chart here and similarly we see a big volume in recent hours. The red line represents the resistance line of the downtrend from 1D chart. The downtrend has been continued for last 6 months , and we can see that this line has had a lot of price actions since this March - making it very important & historical. And now, we see the price approaching the line again, but this time it is exceptionally aggressive - the candle is tall, the volume is nothing like we've seen in past 2 months. Going back to the 1H chart, we can identify the supply zone just before the aggressive climb takes place. We can rely on this zone because it has shown numerous price actions in the past - whenever the price steadily declined down to the zone, it has shown reversal of trend. The only time it did not respect the zone was this - a massive bearish candle delivered by the volume spike - almost 50 times higher than the previous one. When the price moves aggressively like this, we cannot expect reversal to happen: this is why we always enter AFTER confirming the reversal. The price is now being retested in 0.22 - 0.23 zone. One strategy we might use here is good old 'liquidity grab' strategy. The principle of this strategy is catching the false breakout of the liquidity grab line and enter short when we confirm reversal of the trend. Momentum Oscillator will help us in confirming the reversal. HOWEVER, the unusual volume spike in recent candles could make such approach risky. Although it might be profitable temporarily, it is definitely not in long term. (At least we cannot expect it to be.) Considering two factors - one, price is very close to the resistance line of the downtrend with high volume and two, BTC is on an uptrend as US election nears: these could mean that BICO is ready to stop the 6-months downtrend and reverse into an uptrend. When price is being this aggressive, it might not respect any zones, lines or levels. BTC movements are also very unusual. Back to BICO: And just as it shows in its history, it doesn't mess around in an uptrend. Stay tuned!
by QJEEE
BICO's Situation: What Shall we Expect !!!BINANCE:BICOUSDT BICONOMY hit a new ATL at $0.163, and now holding at $0.230 above the support zone If support holds, we could see a potential 300%-500% rally in coming months ,Targets: $0.98 to $1.3 . ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
Long
by CobraVanguard
1
BICO Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic. I’ve been sharing insightful charts and analysis for the past seven years. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: BICO recently hit a new all-time low at $0.1631. With the current price at $0.2497, BICO is holding the support trendline, and it's likely to bounce back if it maintains this support. If a rebound materializes, we could see a 300%-500% rally in BICO in the coming weeks. Note: BICO needs to maintain the support trendline to stay in the game. A weekly close below the support trendline could have negative consequences for BICO. Key levels: - Crucial Support/Accumulation: $0.21. - Target: $0.97 to $1.3, - Invalidation: A weekly close below $0.21. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
BLong
by Cryptorphic
#BICOUSDT Ready for Bullish Breakout from Descending ChannelYello Paradisers, could #BICO be gearing up for a breakout or further downward movement? Let's look at the latest analysis of #BICOUSDT: 💎#BICO is currently trading within a descending channel, but it’s nearing a key demand zone that could ignite a significant move. We’re eyeing a potential bullish breakout from this pattern. 💎#Biconomy ( OMXSTO:BICO ) has been sticking to a descending resistance line, but the price is inching closer to a crucial demand level at $0.20–$0.22. This zone could be a game-changer. If the price taps into this level and gains momentum, a bullish breakout could be on the horizon. 💎A break above the descending resistance could propel #BICOUSDT toward the major supply area at $0.49. This is a critical zone—if we see a successful breach, expect a strong bullish move targeting the next resistance zone. 💎However, we must stay cautious. If #BICO fails to sustain momentum and gets rejected at the supply area, the price could pull back. A bullish rebound might occur from the lower strong support at $0.178. 💎But be aware—if OMXSTO:BICO drops below this level, it could signal a prolonged bearish trend, keeping the price trapped within the descending channel. The market can turn quickly, and those who are disciplined will be the ones to capitalize. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
BICO targets for 2023BINANCE:BICOUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️Fib relevant. Always when we under 0.27 zone its time for accumulation ➡️We are in accumulation stage over 296 days ➡️Most crucial level from sellers at 0.56 ➡️To reach 0.23lvl we need to see with current circulation supply 2.76 B market cap. ➡️First target 3.17 its a weekly imb ➡️Draw white line theory when we will see resistance and form downtrend line. ➡️Hard to say about timing but most likely we will see drop again around September Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
5
BICOUSDT | New High Soon?Market Context Is BICOUSDT gearing up for a new daily high? The charts are looking promising! Weekly Analysis On the weekly timeframe, we've finally broken above and retested the 20 EMA—a classic signal for a move higher. With altcoin season just around the corner, BICO is poised for a significant upward move. Strategy I'm jumping in and longing the market now! The stars are aligning for BICO, and we could be on the brink of an exciting rally. Let’s ride this wave to new heights!
Long
by minno91