alanmasters
Long

Bitcoin Diamond Completes Its Retrace? 160% to 390% Profits Pote

BINANCE:BCDBTC   Bitcoin Diamond / Bitcoin
Just two weeks ago Bitcoin Diamond ( BCDBTC ) had a strong breakout which produced a nice 67% profits, after which a classic retrace started...

Take a few minutes to hit like now, if you want to, and let's take a look at the signals coming from the Bitcoin Diamond chart.

BCDBTC's price retraced all the way down below EMA10 and EMA50 and also almost reached 1 Fib. retracement. Soon after, a bullish Doji candlestick showed up which is signaling the end of this move.

Bear volume is really low and the RSI remains strong.

All these signals are telling that this retrace might have come to an end.

Looking at the chart below, if we aim for EMA200 and EMA300, we are looking at 160% to 390% profits potential respectively on the next wave. Here is the chart:
The first barrier (resistance) to break is the 207-213 range, a strong close above it, and a new bullish wave can start.

This is a friendly reminder. I will be riding this wave and see how it goes.

If you have any questions or anything to share, feel free to use the comments section below. I am always happy to read comments and all feedback.

Thanks a lot for reading.

This is Alan Masters.

Namaste.
Mar 27
Comment: If you go for Bitcoin Diamond based on this analysis, remember to always have a plan (targets and stop-loss).
Mar 28
Comment: Resistance is being challenged and volume starting to show... These are positive signals if you are a bull.

Apr 05
Trade closed: target reached: It moved as expected.

Enjoy the profits.

Namaste.
💬 FREE Telegram | https://t.me/AMTrades

🌐 Alan Masters Trades | Profit Crypto Trading
https://alanmasterstrades.com

🅰️ Altcoins Signals| https://t.me/AMC1REGBOT

⭐️ Binance Calls | https://t.me/BCREGBOT

💎 BitMEX Trades | https://t.me/BBLREGBOT

Related Ideas

Hi @alanmasters, Have you looked at BCD lately?
Is what we see here a new jump coming?
Reply
What do you think of this now boss
Reply
alanmasters MaynerdSheen
@MaynerdSheen, It will go lower.
Reply
Alan Awesome Stuff and keep up the great work !
+3 Reply
@mycotoxin, Thanks a lot. Will do.

Namaste.
+4 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out