BCPT short term projection
Updated
I've been watching BCPT for a few weeks now. I bought in yesterday at .00009850. It continues rise at a steady pace. It retraced from resistance at .00011229. We are now seeing a rise back in that direction. I expect it will push through that resistance and run up to the .00011996 resistance. If it follows the same pattern, I expect, at least a small retracement at that level, before continuing with it's bullish run. This is my prediction for the the next couple of days. I expect it will run mucher higher through the next few weeks.
My first target is .00011229 - 14% - I'll only reassess my position at this point.
Second target is .0001996 - 21% - At this point, I'll take some profit and rebuy after the retracement
Stop Loss at .00009304 - This would be a break of current support and a sign that the bears have overtaken the run
I'm still learning, so don't rely on my prediction alone. Any comments or criticisms are welcome.
My first target is .00011229 - 14% - I'll only reassess my position at this point.
Second target is .0001996 - 21% - At this point, I'll take some profit and rebuy after the retracement
Stop Loss at .00009304 - This would be a break of current support and a sign that the bears have overtaken the run
I'm still learning, so don't rely on my prediction alone. Any comments or criticisms are welcome.
Note
Sometimes Altcoins seem more like 3-D chess. No matter what the chart shows, there is always the BTC dimension that can wreck an analysis. With today's BTC bull run, it seems most of the altcoins were affected negatively. I'm staying in the trade, with optimism, that BCPT will continue on it's bull run when BTC stabilizes.Trade closed manually
Trade Closed. BCPT couldn't build the volume back up after the launch of LENDR.
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