BCD/BTC appears to be rising after a corrective down move. Price has recently been trading within a rangebound structure between horizontal resistance at 0.0050 and a at 0.0041.
Price is picking up 6% yesterday (01-30) and 19.76% today since then it has been having more upside on the hourly chart.
I am expecting BCD to pick up momentum after the bounce on the horizontal , and a move up to the horizontal at 0.0051
This trade could play out in 2 ways, I have outlined these below:
-Price find support at 0.0040, and continues to pick up momentum after the breakout, creating an impulse that will reach the horizontal at 0.0051.
If price manages to stay in the horizontal support again at 0.0041 first, it will be preferred because the up and down moves across have been so sudden and sharp.
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