BCPT has formed a nice uptrend channel (in yellow).
We are moving slowly, but steadily upwards. Volume is not very convincing yet, but constant.
Supports and resistances (=targets) are the red horizontal lines on my chart.
If we can remain in the uptrend channel, we could hit the first target of around 7,500 satoshis in around 5 days from now.
This is a conservative target - if we can gain some real momentum and see higher volume, we could get there much faster, and also get much higher.
As you can see, however, we are exactly at a major resistance atm, at around 6,500 sats.
We need to break this level first.
A retrace from here to the downside of the channel could very well happen, in which case it would be a good opportunity to buy some BCPT, if you are not in a position already.
A break to the downside of the uptrend channel could bring us to the support at around 5,800 sats.
Therefore, I have set a stop loss just below the downtrend channel (at 6,180 sats), and that's what I would recommend.
Good luck trading.
If you've found this post helpful, please hit the Like button. Thanks!
We are moving slowly, but steadily upwards. Volume is not very convincing yet, but constant.
Supports and resistances (=targets) are the red horizontal lines on my chart.
If we can remain in the uptrend channel, we could hit the first target of around 7,500 satoshis in around 5 days from now.
This is a conservative target - if we can gain some real momentum and see higher volume, we could get there much faster, and also get much higher.
As you can see, however, we are exactly at a major resistance atm, at around 6,500 sats.
We need to break this level first.
A retrace from here to the downside of the channel could very well happen, in which case it would be a good opportunity to buy some BCPT, if you are not in a position already.
A break to the downside of the uptrend channel could bring us to the support at around 5,800 sats.
Therefore, I have set a stop loss just below the downtrend channel (at 6,180 sats), and that's what I would recommend.
Good luck trading.
If you've found this post helpful, please hit the Like button. Thanks!
评论:
Well, thanks to BTC rallying we fell out of the channel, but quickly got back again.
Hopefully we can stay inside.
Hopefully we can stay inside.
评论:
We're having a really hard time here to keep up with the BTC rallies.
We fell out of the channel, and confirmed it now as resistance (on the 1 hour chart).
Let's see if we can get back inside soon.
We fell out of the channel, and confirmed it now as resistance (on the 1 hour chart).
Let's see if we can get back inside soon.
订单已取消:
Trade cancelled for now, I will re-evaluate after the BTC correction is over.
Let's see what the next attempt brings.