BTSBTC trade ideas
Bear AttackAfter the news of China, comes down to a crackdown on ICO's. This is the best news that could happen to BTS. This means that massive chinese exchange may use loads of users to decentralized exchanges.
BTS has the largest and most advanced decentralized exchange. You can see a volume increase of 500.000 USD to 3000.000 USD. It is already happening because chinese users dont trust their gouverment.
This means that in time BTS may overtake chinese exchange volumes. In my opinion this can raise BTS to a 5 billion market cap before mid 2018.
On the short term there will be a massive bounce to at least 3400 sat. Perhaps will extend to 4 k sat.
BTS potential short term breakoutBTS is currently accumulating along it's bottom in a wedge formation between support and resistance.
Once Stoch RSI hits oversold and crosses back up we could see a breakout hitting the black target lines which fall in line with previous resistance and support lines.