Giá lên

BlockMason Credit Protocol - ready to lift off again? (BCPT)

BINANCE:BCPTBTC   BlockMason Credit Protocol / Bitcoin
Hello everyone,

this is my first post on TradingView.

BCPT has bottomed out nicely after it's recent incredible rally, and put in a double bottom . We had a breakout, and the price action formed a nice bull flag (in orange), which should take us higher soon, in my opinion.

The retrace of the recent breakout found nice support on the 50% retrace (not seen on the chart), and the EMA 50 (in purple). The price action is narrowing down, which should indicate a breakout to the up or downside soon. The Stoch RSI , which is indicating an oversold position, and the bull flag make me think that we will break to the upside.

I have identified 4 targets, which represent former levels of support/resistance .

Target 1: 0.000117 (this would also roughly be the target for the bull flag )
Target 2: 0.000133
Target 3: 0.000143
Target 4: 0.000149 ( ATH )

If we can repeat last week's rally, that would mean a profit of around 60%

You could either enter now, or wait for a breakout above the bull flag and the previous high.
I would set a stop loss below the EMA 50, or below the flag.

Good luck trading!
Giao dịch đang hoạt động: So we have a nice breakout of the flag!
Confirmed on the 1 hour chart.
Let's see if we can reach target 1 now.
Bình luận: Target 1 reached.
Well, almost. 39 Satoshis short ;)

It's always a good idea to take profit a little before the target, and that's what I did.
I intend to buy back my position at a 50% retrace, and then hopefully continue to target 2.
Bình luận: We have a nice pullback, and the price action is forming a falling wedge, which could lead to a break to the upside again.

We are between the 50% and 61.8% retrace now - the price could drop even a bit further to around 9540 sats (that would be -61.8%), but it also just might stabilizere here, so I think it is already at a good level to buy.

The Stock RSI shows that we are oversold again, so a break might happen soon.
Bình luận: So at the moment it looks like we are running a bit out of steam here - altough that can change quickly, as we all now.

We are hovering around the 50% retrace of the recent rally.

I will set a stop loss just below the 61.8% retrace, because if we break that, I think we will revisit the 8100 Satoshi area, where we started the rally from.

Bình luận: It's interesting that both the EMA 50 (in purple) and the EMA 200 (in blue) are also exactly at the 50% retrace at the moment, obviously making this level very significant.
Đóng lệnh: dừng lỗ: Got stopped out.
Let's see where the bottom is.
Nice try
Phản hồi
CryptoCow TradingStatistics
@TradingStatistics, Thank you!
Phản hồi
Is the trade still active?
Phản hồi
@AnsAkk, Not for me, I got stopped out. And for you?
Waiting for anoter entry now. With Bitcoin crashing, this might also go down further.
Phản hồi
@AnsAkk, Nice breakout today :)
Phản hồi
AnsAkk CryptoCow
@CryptoCow, I jumped out to LTC when started to fall down. Note sure I wanna jump back again to BCPT. Never got luck with it at all so far but then again the whole market is going crazy! we'll keep watching!
Phản hồi
Good one. Missed target 1!:(
Where is the 50% retrace in terms of price?
Phản hồi
@AnsAkk, Actually we are now at around the 61.8% retrace, so if you buy now, you get an even better price :)
I bought back 50% of my position at the 50% retrace (at 10300), and the other 50% just now.
Good luck!
Phản hồi
AnsAkk CryptoCow
@CryptoCow, Thanks! I did the same earlier at 50% at 10200 and thinking of another 50% now at 9800.
Do you recommend a stop lost ?
Phản hồi
@AnsAkk, I don't do stop losses very often, because in crypto they can be dangerous, imo. Sometimes you have a long wick to the downside, liquidating stop losses, before it turns to the upside.
That being said, you can do a stop loss, I just wouldn't recommend them to be very tight. Maybe 3% under the last support.
Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất