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Bitcoin Diamond (BCD) Bullish: Double Falling Wedge

At Coin Inquire, we offer free price signal of
Bitcoin Diamond (BCD) and other cryptocurrencies. Today July 06 we are beginning a new series of free signals for top cryptocurrencies including Bitcoin Diamond (BCD).

Bitcoin Diamond ( BCD ) Overview

Bitcoin Diamond ( BCD ) is a hard fork of Bitcoin . The fork occurring at block height 495866, implemented changes including a new proof of work algorithm to deter attacks on the network and segregation of transaction signatures from transactions on the chain for additional capacity allowing a greater number of transactions per second on the network as a whole.

Bitcoin Diamond ( BCDBTC ) Chart Analysis

We are looking at Bitcoin Diamond ( BCDBTC ) on the daily time frame, we have the bullish pattern called “Falling Wedge”, let’s take a look: 

  • We saw a falling wedge , drawn left, that produced an 85%+ breakout. Now we see a second falling wedge forming for Bitcoin Diamond which we believe can produce even more gains. 
  • This pattern is supported by bullish divergence on the MACD , marked with magenta arrows. 
  • We have the same divergence shown on the RSI . The bounce on late May might as well have been an accumulation move. 
  • Big bags are being accumulated by whales and big money all across the board… Something really big is coming. 

What do you think?

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