BTCST Bitcoin standard hashrate | +4000% gains! | Elliott Wave
BTCST is a token collateralized by real Bitcoin mining power; by staking BTCST, holders can receive daily Bitcoin contributions that correspond to the staked mining power. As such, BTCST allows users to mine Bitcoin from inside the decentralized finance (DeFi) ecosystem.
The downtrend on the weekly chart has been completed, and we have already started a new bull run with a very impressive impulse wave!
If you are an Elliott Wave trader, then you usually want to buy the dip during the second corrective wave and ride at least the third wave to the upside.
We don't know how deep the correction is going to be, but we already hit the 0.618 FIB on the log scale and the 0.854 FIB on the linear scale, which is definitely a reasonable correction for the first impulse wave.
Also, we have a falling wedge bullish pattern on the weekly chart that was destroyed by the bulls last month.
You may say in the comment section that the news is bad, but this is a standard process and the news usually gets better during the third wave.
Overall, I think the technical analysis looks pretty juicy, and this altcoin provides a great opportunity for a long position!
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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BTCSTBTC
BTCSTUSDT - BULLISH SIGNAL UPDATE!!As you all know, BTCST is not performing well from last 7 Months and according to the Chart patterns, BULLISH Pattern is formed, Breakout formation is also nearly there and also indicators e.g. RSI showing bullish signal.
DYOR Before taking trade, as I'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
Duration:
Short-Term (1 - 3 Months) Trade.
Happy Trading :)
Good Luck!
If you like my idea, please support:
Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
BTCST - BULLISH SIGNAL UPDATE!!As you all know, BTCST is not performing well from last 4 weeks and according to the Chart patterns, BULLISH FLAG TRIANGLE is formed, Breakout formation is also nearly there and also indicators e.g. RSI showing bullish signal.
DYOR Before taking trade, as I'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
Duration:
Short-Term (1 - 3 Months) Trade.
Happy Trading :)
Good Luck!
If you like my idea, please support:
Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
BTCST- Diagonal PatternThe first uptrend ended at $ 92.99 range, and as the 240-minute chart shows, the corrective movement ended at the range of $ 53.50. As you can see, the price is completing the iii wave, which can be extended up to the range of $ 300.
The 60-minute chart indicates, at the end of wave ii, from the sub-waves of wave 3, a Diagonal pattern has formed.
BTCSTUSDT (BTCST) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- BTCST is supported by the ascending trendline support (ATS).
- The markets retracement was resisted by the descending trendline resistance (DTR-1).
- Price tested the ascending trendline support (ATS) and brokeout above the descending trendline resistance (DTR-1).
- Price then retraced for a retest of the descending trendline resistance (DTR-1) and 0.618 fibonacci retracement level.
- The pullback is resisted by the descending trendline resistance (DTR-2).
- A breakout above the the descending trendline resistance (DTR-2) could be a bullish signal.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR-2).
TARGETS 🎯
- Horizontal resistance levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support.
