[BCDBTC](474) Bitcoin Diamond Double Falling Wedge

Alan Masters
July 6, 2019
Closed
[mcrypto id="29363"][/mcrypto]

Bitcoin Diamond (BCD) Overview

Bitcoin Diamond (BCD) is a hard fork of Bitcoin. The fork occurring at block height 495866, implemented changes including a new proof of work algorithm to deter attacks on the network and segregation of transaction signatures from transactions on the chain for additional capacity allowing a greater number of transactions per second on the network as a whole.

 

Bitcoin Diamond (BCDBTC) Chart Analysis

We are looking at Bitcoin Diamond (BCDBTC) on the daily time frame, we have the bullish pattern called "Falling Wedge", let's take a look:

[BCDBTC](474) Bitcoin Diamond Double Falling Wedge
Source: https://www.tradingview.com/x/B0Qs9phY/

  • We saw a falling wedge, drawn left, that produced an 85%+ breakout. Now we see a second falling wedge forming for Bitcoin Diamond which we believe can produce even more gains.
  • This pattern is supported by bullish divergence on the MACD, marked with magenta arrows.
  • We have the same divergence shown on the RSI. The bounce on late May might as well have been an accumulation move.
  • Big bags are being accumulated by whales and big money all across the board... Something really big is coming.
  • Let's get to the trade details...

 

Bitcoin Diamond (BCDBTC) PREMIUM Trade by Alan Masters

Buy-in: 0.000093 - 0.000105

Next support: 0.000085

Target:

(1) 0.000120
(2) 0.000135
(3) 0.000160
(4) 0.000180
(5) 0.000205
(6) 0.000230
(7) 0.000250
(8) 0.000280
(9) 0.000323
(10) 0.000395
(11) 0.000510
(12) 0.000580

Profits  potential: 474%
(Buy-in calculated at 0.000101)

Stop-loss: Close weekly below 0.000078.

Capital allocation: <3%.

 

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Living in the moment might not be easy, but it is the way to win.

So start living in the moment, appreciate the moment, enjoy the moment, focus on NOW!

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Namaste.