Bitcoin Diamond (BCD): Low Liquidity!

SUMMARY

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Bitcoin Diamond (BCD) likes to generate price wicks and this is likely due to low liquidity. So anyone wanting to jump into this with $20 Mil to buy....bad idea! The chart shows that price impulsed in five waves up and wicked pretty high. Even then, the ABC corrective waves are still in progress and could be complete. The next chart shows why.

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The red C wave compled a clear wxyxz complex sequence and price is still within the basin phase (blue rectangle). I believe that price should start building the right wall in an impulse fashion (blue). The MACD is also patterning out the broad shape of a rounded formation. It should rise to support the right wall building of the price.
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