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 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.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.