BTS Ready for recovery?BTS has been hurt badly. The chances are big that large investors will start to close their shorts.!
BTSBTC trade ideas
Shorting on BTSBTS possibly will go to 78.6 fib retracement (relevant support too), nice opportunity for shorting.
Entry 8500
Target 5000
Stop 10000
Note: Trade at your own risk, this is an especulation.
BTS/BTC 78.6% Fib Retracement. BTS/BTC is about to hit the 78.6% Fib Retracement level for a potential 15-25% reversal. It had some nice previous retracement on the 50% Fib and 68% Fib that could repeat on the 78.6% Fib.
Bitshares: Tricky time
will be interesting to see if Bitshares drops below the major support line and within the Fib Retracement buying zone. will the buyers see this as an opportunity to buy or will traders get scared and sell off down to next to support zone.
BTS (Bitshares) - Possible Bottom with Breakout.We seemed to have bottomed out now. As we approach this lower trend, if it breaks down, you must sell and short. If it doesnt break down, you must buy and hold long. Looks like though it should go up since all other alts are up and there are some good advancements coming for BTS soon.
Blue area is all buy. The lower red dotted line, if broken on the 240m you should stop loss and potentially short.
Tips welcome:
LTC : LZAzuZN3JXnRYxjVUT6xaEE316LfbRRV2h
BTC : 1AxjpnwAv9w1y3Fp8wKT7W6oMg69VAJsji
BTS July update - More pain to come?I have a hunch here that BTS might see some further losses while struggeling with multiple and compounding Gann resistances in the short term. I anticipate further correction to form a fat double bottom at the 38.2% fib level (around 8000-8004) drawn from its major pump, thus I still tend to favour the short side atm.
However, from this second go at the 38.2% fib level we should find support again and thus see a solid leg up, with some resistances along Gann lines, fib speed lines, and former support and resistance zones (blue dotted lines). Please note that the ghost feed - especially the trajectory of the anticipated leg up - is purely imaginative.
I have no position in BTS atm but consider to enter long as I find the fundamentals of BTS assuring in the medium to long term, even though it has copped a severe flogging lately. No advice, ensure due diligence. I record this analysis purely for posterity.
Happy trading everyone.
BTS - 4h breakout of falling wedgetrendreversal incoming... i_d say we need to leave the cloud for a strong confirmation
BTSBTC - Quick ChartBTS broke out of a longterm channel/triangle should be heading up now to prior resistance levels which are dotted in red.
BTSBTC is rising up SOONI see the opportunity to buy BTSBTC
in previous 2-3 days the price was bullish and price is dropping down
Now, the recent price is really not a good place to sell
So I recommend to buy this pair
Target and Stop is already set
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[First analysis, feedback encouraged] $BTS preparing to bounceIt looks like (on the 2h) $BTS is preparing to begin wave 4 of an on going Elliott Wave formation, before presumably bouncing to complete the formation (that is, if it doesn't continue to break the pennant, which will signal a reversal)
BTS - The hard slogHi fellows, today I'm looking at BTSBTC, which seem to struggle hard and repeatedly to maintain momentum to break up beyond a crucial 50% fib level.
The ascending triangle cautions to watch for supporting trendline to break for a retrace to the 38.2% fib level.
Additionally, there is an important resistance level to consider just beyond this 50 % fib level, which can lead to a potential bulltrap in case price skyrockets and punters flood in once the 50% fib level is broken.
Disclaimer: I'm short from the 50% fib level atm.
No advice, ensure your own due dilligence.
Happy trading.
BTS bullish descending wedge!We POLONIEX:BTSBTC in a bullish descending wedge, I shall be looking to enter long on this pair at around 8300-8500 with targets at around 11000. Personally I am a fan of BTS decentralized exchange and with the constant growth of crypto it will attract a lot more attention, also offering smart contract and more it is definitely one of the cryptos with the most "action packed" features.
4HR; RSI told 'It's good time for buy'The final decision for BTS, I do not expect S2 will be broken.
BTS at Critical JunctureBitshares, 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....
Bitshares shortBroke trendline on the bottom and it wants to retest this fib before falling. Target 6000.
BTS Consolidation faseIf you are unlucky the consolidation fase can take max 1-2 months. If your lucky BTS will breakout hard and go above 12. If it stays there for over one day the uptrend will continue. All in all BTS is holding a lot of its gains, and its looking great long term.
BTSBTC will be down to 0.000078 in 2-3 daysI see the opportunity to sell BTSBTC
it break the Head and shoulder the last 12 hours and came down since.
the down trend is not finish yet
I suggest to sell this pair
the possible paths are 3 ways in the case
all cases are going to 0.000078
trade safe
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