BTS
Next BTS rallyHi guys, Bitshares is getting hot again BITTREX:BTSBTC , this pattern is very similar to the one before the first rally, ending with a triangle, combined correction, some sideways. This will happen when BTC lets the perfect conditions to the Alts' time, I mean BTC should be ranging into a small zone. Nevertheless we cant discard a possible lower "e" ending.
BTC two symmetrical form i put an indicator to be able for all of you to see the trend easily. As we can observe "A form" and "B form" quite similar to each other. Trend line now of B Form is going down, if BTC did not break the yellow line i expect it will retrace at 3250-3500 then bounce back to retest the yellow line again. Its still bullish as its forming a symmetrical triangle ,after breaking this yellow border line expect to jump the price up to $5000
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Bitshares (BTS/BTC) - Potential 100% Trade!Analysis:
- Bitshares seems to have bottomed out and buyer volume has increased
- Fundamentally, BTS owns a decentralized exchange, which is key to giving Chinese investors access to crypto markets
- RSI has crossed back above 30 on the H4 - Bullish signal
Targets
1. 2,900 (38% profit)
2. 3,600 (71% profit)
3. 4,500 (120% profit)
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BTS getting ready to bounceBTS 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!