BCN Might be about to make another run up. It seems to be pretty good for swing trades right now. Maybe it will make another ~30% move?
Careful though, this is Binance's chart for it. Poloniex has a better one, but I'm trading on Binance so I am using this as my reference.
It could go either way, but this might be a safe place to buy with a tight stop, since it probably won't drop much lower unless it's really going to drop.
Hi, what is the green line for? which pattern are u looking at?
brettfb
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@HaVy, Looking at the Stochastic RSI and the low prices on the candlesticks. The candlesticks are making lower lows while the stochrsi is making higher lows. So the candles span the same duration of time and follow the bottoms of the main chart and the indicator.
HaVy
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@brettfb, i see. no sign of reversal for now, I expect it might go lower to 103
brettfb
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@HaVy, Definitely could. I was able to buy at 107 so I figure I'm safe to hold with a tight stop. There are a bunch of big buys around this range. At the moment it doesn't seem like it will break 106, and probably not even 107. With such low prices though even the move from 107 to 103 is a big one percent wise, so I'm going to just be careful and keep my stop fairly tight at 104.
@HaVy, Me too man, it seems like whoever is driving this thing has decided to do some range trading on it. I'm hoping for a bounce to around 130. There's so many big orders in it that someone has to be making out pretty well. As we speak there's 40btc on the top offer. Volume has been relatively low today but it seems like there's pretty high liquidity on it, at least.