BTS getting ready to bounce
Updated
BTS has tried to bounce and go back up but could not break the 0.382 fibonacci support level at 0.00003859 despite the increased volume as shown on the chart. We need a little more accumulation and volume before it can really jump beyond that resistance level.
In the next week or so, I expect the price to go further down to the next support line at the 0 fibonacci level and bounce from there.
This can happen between now and mid-next week after which I expect the bulls to come in the market.
The TDI, MACD and RSI indicators are all agreeing and showing bullish signs on the day chart.
If volume keeps increasing, it will send the price to the levels indicated by the chart.
- BUY ZONE: shown on the chart
- TAKE PROFIT 1: shown on chart
- TAKE PROFIT 2: shown on chart
- TAKE PROFIT 3: shown on chart
I am new to this and I'm not giving financial advice.
This is for pure fun and everything I say needs to be taken with a grain of salt.
Do your own research before investing your money.
Happy Trading!
In the next week or so, I expect the price to go further down to the next support line at the 0 fibonacci level and bounce from there.
This can happen between now and mid-next week after which I expect the bulls to come in the market.
The TDI, MACD and RSI indicators are all agreeing and showing bullish signs on the day chart.
If volume keeps increasing, it will send the price to the levels indicated by the chart.
- BUY ZONE: shown on the chart
- TAKE PROFIT 1: shown on chart
- TAKE PROFIT 2: shown on chart
- TAKE PROFIT 3: shown on chart
I am new to this and I'm not giving financial advice.
This is for pure fun and everything I say needs to be taken with a grain of salt.
Do your own research before investing your money.
Happy Trading!
Note
BTS is in the buy zone now... We should see a jump from here.
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