BitCrystals (BCY) has been going down since it reached all time high back in September 2016. Now that it broke-out of a downtrend for more than a year, the potential is huge. An entire year is a lot of time going down, just this one signal can be enough for a long hold trade. But there is more, much more.
Let's look at the trade instructions first and then we can move to indicators.
*** Alan Masters Trade Analysis for BitCrystals (BCY) ***
- On the daily chart you can see a small breakout today and all the indicators showing bullish signals. That's 5 different indicators. - Short term we will always have huge swings, just like you would have huge swings if you look at the 5 minutes charts. We will go up and down on the daily chart, but on the weekly chart, we are looking really strong. - The weekly chart is showing all the indicators turning bullish, MACD, RSI, STOCH, DMI & OBV, and plenty of room for growth as well. This is the type of chart we like, with plenty of room for growth. - Low trading volume is also a signal of plenty of room for growth.
>>> A Message of Courage
When you want something you have to go out and get it.
The first step might be hard, but maybe because we don't know the first step.
When you want something you have to go out and get it. But how do you do that?
The first step is to say it. Say it and repeat it, repeat it long enough until you believe it.
Once you believe it, start living it as if it is already real, already yours.
Once you are living it, you already have it.
Namaste. Mantra: "Om Stanesha Vahtu Nevehem"
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After taking off on the day we launched this trade, BitCrytals (BCY) rapidly found support.
This price level called support is now where we, the buyers, accumulate (load up on coins) until the next run.
We are within buy-in range, so you can feel free to Buy-in (open new positions), Re-buy (buy more if you sold) and Reload (add more positions to the coins you already have).
The weekly chart looks excellent, showing a MACD crossover and plenty of room for growth. The daily chart also looks good, looking for a few days of consolidation.
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We are holding all trades. The market is looking better, the altcoin prices are bouncing but the correction is not yet over. I am still looking at Bitcoin and waiting for stronger signals as to when we will start to move back up.
For now we hold patiently. I am not closing any of our trades since this is a market wide correction.
P.S. Tomorrow we will have a better understanding as to where Bitcoin is going, but we will resume trading soon.
Thanks for your support. I love you!
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Bitcoin's correction is still underway, but here is quick update.
BitCrystals is now within our buy-in range.
The trade still looks good. The indicators have moved to retrace+consolidation but all the potential is still there.
Take a quick look at the daily chart:
We are holding patiently.
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BCY reached a bounce and had a strong push up.
The indicators are turning bullish on the 1h and 2h charts. This can turn into something positive, let's see how it goes:
(2h chart)
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BitCrystals has been live and actively trading on Bittrex since 2015... That's a long way back. It is still here now and the chart is still looking strong.
We are holding this coin until the market wide correction is over, once it takes off you will be glad you held. The potential is huge, you can look at the daily chart below to confirm my comment...
1D chart: BitCrystal Trade Analysis by Alan Masters
Guys be careful following AlanMasters - he's been closing a lot of trades that promised good gains hut just didn't deliver, and on TrustCoin he's lost all investors a packet by saying there would be a quick 100% gain on some news- and there just wasn't anything like that at all!
Actually it dumped.
DSchuff
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@BobbyJGold, Yeah we're in a market wide correction, he's closing the trades because as he's told everyone he needs to have a few days off, and he's only human so yes from time to time something doesn't work out as planned. I've learned a lot from watching why and how he does things and also from his demeanor!
BobbyJGold
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@DSchuff, maybe he's a lovely guy - or maybe he's getting rich off everyone...
Ever wondered if he's giving the same targets that's he's working from??
Maybe on those shit coins he pumps je's selling it all after a 10% gain...
Don't blindly trust someone just because they rotate images of bodhisattvas on their profile, and occasionally say namaste at the end of their posts.
DSchuff
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@BobbyJGold, Every time I see anyone recommending a commodity my kneejerk reaction is "more schill bait", I'm pretty heads up to folks motivations and BS. I share promising stuff from time to time myself, it has crossed my mind that this doesn't hurt the prospects ,however it hasn't nor will it motivate me. The masses greed and fear (including FOMO driving green candles) fuels the volatility of the market. Outside of this relatively huge and slow correction, the investments recommended by Mr. Masters have been some of my best performers as of late. He also tends to provide sound fundamental reasons for picking both commodities and price points. I actually got into TRST prior to finding his recommendation and Hodl now patiently as I like the potential of the investment looking forward. For the last couple weeks coinmarketcap has been mostly red day after day after months of mostly green, blaming anyone for things not doing well now seems kinda' like shooting the messenger.
AndersBitcoinSorensen
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@DSchuff, He is better at predicting the market than me, so I gladly follow his advices and hold when he say hold because my head begins spinning crazy just after a few days in the red hahahaha.
AndersBitcoinSorensen
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@AndersBitcoinSorensen, Like a super computer that try to calculate 1000 possible ways to make a profit when everything is in the red XD
And when you cant read a graph your investing fucking blindfolded. Then its a 50% 50% and then the head begins spinning when you see red 3 days in a row and you want to sell and buy something green XD I try to be smart, but my brain wont stop spinning. Because I know that i cant predict anything but just hope the best in reality XD
SergeyKozlov
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@BobbyJGold, TRST is good, 1. News been postponed (not by Alan, or TRST team ofc) 2. Its undervalued project with Ethereum creator as advisor. Its a good trade anyway.
To pevent you going broke when the market manipulation just is too strong. (banks/governments/the rich elite)
AndersBitcoinSorensen
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@AndersBitcoinSorensen, Forgot the worst - The media. They boradcast the "possible bad news" world wide and make it sound 10x worser than it is. A possible bitcoin bans becomes a 100% bitcoin ban and so on. We are fighting manipulation on a huge scale, more than anything else.
AndersBitcoinSorensen
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@AndersBitcoinSorensen, Why buy cheap undervalued coins is a 100% long term. Better than ICO's that you can buy for pennies during a dump/manipulation time like now.
Actually it dumped.