BTS at Critical Juncture
Updated
Bitshares, fundamentally, is one of my most respected cryptos. However, with respect to the long-term growth trendline, it needs to break this downward channel and make a play outside the downward trend line soon.... otherwise it will break downwards past the long-term growth trend and be in no-man's land until it can find its way. Fundamentally, the price is in a buy-zone. Technically? I couldn't do it without a very strict stop. I recommend if you must buy, you do the same. Wait for a play in either direction first according to my chart....
Note
Alright Folks,BTS is looking... interesting. I do not recommend trading yet unless you are aware of what makes BTS special, believe in the project, and fundamentally believe that this is a low price.
Long-Term (In for the long haul): THIS IS A BUY
Intermediate-Term (Couple weeks+) & Short-Term (max of a few days): WAIT FOR CONFIRMATION OF ONE GREEN CANDLE THAT CLOSES ABOVE THE DOWNWARD TREND LINE.
For Short-term traders, BTS is a roller-coaster. Remember, Shorters are in play on Polo. If you take a short-term trade, be aware of this, and set a stop that lets the market breathe... I recommend 11% below your buy-in.
One thing to note: We could be in for an accumulation period much like
XRP -- plan accordingly.
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