Selling trading idea on BQX/BTC
I am seeing a bearish M-pattern in the latest spikes of BQX/BTC. This could mean a possible downtrend in the short term. Besides that, I can see a possible breakdown line at around 0.00033850 BTC. As you can see the volume is still very high, so that's not a good breakout sign either. Furthermore, it has had its natural correction, but BQX still hasn't retraced to the perfect buy zone on the Fibonacci Retracement. The product developers of BQX (Ethos) does not seem to have any short term announcements, so I wouldn't expect a short term price spike.
With that being said I am looking at the following targets.
I am selling if it crosses: 0.00033850
New support: 0.00026657
This is my first uploaded technical analysis so let me know what you think! Negative and positive feedback is always very welcome.
With that being said I am looking at the following targets.
I am selling if it crosses: 0.00033850
New support: 0.00026657
This is my first uploaded technical analysis so let me know what you think! Negative and positive feedback is always very welcome.
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