BYTECOIN (BCN) Update: Cup & Handle

in #bitcoin7 years ago

Here is a fully labeled chart of Bytecoin. Waves 1,2,3,4,5 were placed with the 5th wave extension. The corective a,b,c (red) are complete and price is setting up the finishing touches of the handle pattern of the cup & handle bullish formation. Waves i, ii are in and soon, prices should start surging on wave iii and finish with iv and v.

Here is didactic explanation of a cup & handle pattern:

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation


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And volume is very low, descending lately. Hope the team will be able to make the roadmap happen later this year.

Thanks for all your great analysis

@Haejin - could you give us an update on ByteCoin (BCN)? thanks

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