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.
For more analysis, please hit "Like" and "Follow"!
BTCSTUSD
💡Don't miss the great buy opportunity in BTCSTUSD @BTCST2020Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (21.43).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCSTUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 27.16
TP2= @ 31.92
TP3= @ 37.43
TP4= @ 41.81
TP5= @ 48.75
SL= Break below S2
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💡Don't miss the great buy opportunity in BTCSTUSD @BTCST2020Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (21.43).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCSTUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 27.16
TP2= @ 31.92
TP3= @ 37.43
TP4= @ 41.81
TP5= @ 48.75
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
BTCUSDT: Elliot Wave Intraday TradingHello everyone
Bitcoin price has formed an upward correction in wave 4, after which it may continue to decline rapidly in wave 5 of wave 3 (in medium-term wave 5 of wave C in ABC wave pattern).
The general dynamics in the derivatives market is a bit strange, so I marked a critical level of activation of alternative versions of the situation.
I do not publish the alternative scenarios yet due to their ambiguity.
In general, now is an excellent place to open a short position with excellent risk to profit parameters.
It is possible to open a short position now and increase the volume on a breakdown of the minimum of the current wave 3.
Best Regards,
CEO Tornado Capital
BITCOIN STANDARD HASHRATE (BTCST) new volume and support 🚀Hello 🐋
Based on the chart after a long time, correction to the downside the price breaks the descending channel to the upside, and we can see appropriate amount of new volume for the price ✔️👌💡
if
the price breaks the major and weekly resistance area to the upside, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀
if
the price breaks the range area to the upside, we will see more gain 📖🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
BTCST 1d analisysThis is the 1D BTCST chart that i checked for latest analisys, so we can see light blue square which is a consolidation zone to continue acumulation phase before a bearish move, also we can see easier the end of bearish trend for with LL and 1D bearish squeeze momentum divergence.
is BTCST about to create cup and handle pattern?Fundamental:
As per latest news about bearish trends in gold, USD and oil, people will look to invest in another things such crypto currencies for the time being.
Technical:
I just look this time for 1D and 4h timeframes even that it was a rejection in LL which indicates the end of bearish trend in CURRENT timeframe (4h), also after checked pivot zones i saw that there are a couple of them which are quite important and it is just to wait for breakout to see if cup and handle patter will be created. Also checked squeeze momentum and i found bullish divergences in 1D. No MACD divergences till now, CRSI is overbought now which indicates a little consolidation in low timeframes which can be 30m or 1h in order to get "normal" levels. About supply-demmand seems acumulation zone was tested in past days and comes with a big spike but for now acumulation zone is ready to go to supply zone (red square in chart) as first target.
BTCST/USDT UPDATEInsights shown here are for follow-up purposes only.
Not Acceptable as ANY Investment Advice
btcst best my coin As shown on the chart, the location of the support it can land on
... and its targetI put it on the chart
BTCST Brings Bitcoin to DeFiFrom the T.A., a break and retest of the red trend line would produce a spark to TP
Find entry, sl and tp in T.A.
$btcst
Trade safe...
#e2kclicks
What's next for BTCST?The next big move could be close for BTCST until it touches the $ $66- $ 72 levels. The RSI is calming down and in the meantime the price places us in a wide range on the daily chart.
An ABC pattern.
Wave C is on and I think the RSI will bounce when it reaches the trend line (54), which is necessary for this bounce.
I consider that the best buyback point would be between $ 38 - $ 41 .
For the movement to be successful, at the close of the day I consider that the RSI should not break the trend line.
In addition to breaking the resistance with force accompanied by volume and showing a close above $ 50 (0.618 fibo).
Stay tuned with BTCST.
BTCST - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BTCST is sitting around a strong demand zone in green so we will be looking for buy setups.
on H4: BTCST formed an inverse head and shoulders pattern but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
Trigger => Waiting for a momentum candle close above the gray neckline to buy.
Meanwhile, until the buy is activated, BTCST would be overall bearish can still trade lower till the green support before going up. In this case we will be looking for new buy setups to form.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTCST/USD Bitcoin Standard Hashrate Token Winding Up.Hey guys and gals I wanted to give an update to my idea for BTCST/USD (first idea tagged). My first idea was that we had already broken out of the symmetrical triangle we have been in since the 1:10. After seeing how it's behaved it looks to STILL be within this pattern and I have updated the chart accordingly.
Elliot wave analysis: We are in wave 2 currently waiting to breakout of the sym. triangle. The measured move of this pattern is typically the previous high and low at initial entry of this structure. Once breakout is confirmed we can apply this measured move and confirm the beginning of wave 3. Wave three is typically 1.618 x Wave 1.
Fibonacci analysis: After wave 1 we had a beautiful bounce off the .618 fib level. This will give us a feasible target of the inverse 1.618 which is typically the wave 3 target. It just so happens that the measured move of this triangle breakout lands right on the 1.618, assuming we breakout near the apex.
Short-term: We can breakout at any time. We should know within the week. Look for some volume build up accompanied with the move.
Mid-term: After the breakout, you could set a target for the 1.618, but you could take profits at previous high and then 1.618.
Long-term: Take profits 1.618, buy in at completion of wave 4 to 1.0. Then take profits at previous wave 3 high and wave 5 high.
BTCST/USD Symmetrical TriangleI got into Bitcoin Standard Hashrate Token after it was introduced to the Tron Century Mining Event. I was able to score some amazing APY returns after staking in the BTCST-TRX LP Pool. After I was done staking.. I held on to my BTCST in hopes of more gains. This not to well token seems to be gearing up for a nice wave 3 on both USD and TRX pairs. As you can see, we are near the end of a symmetrical triangle. The measured move of the triangle actually puts us exactly at the 1.618. with a target of about $125. This is going to be a nice return for those wanting to get in. The trx pair shows a nice cup and handle as well if you are wanting to earn more TRON. The question remains when will this token break out of the triangle. Watch over the next few days as we could see it by 4/30. I would love to see the RSI go even lower as we approach the apex. Either way.. nice gains ahead.
Ready to climb to fill half the GAPThere is a large GAP chart that can fill half of the gap and reach the green box according to the pattern formed.
I have an offer to buy in two steps, which I marked one step in the chart, and you can place the second step on MA100. Resistance specified in the red line chart
Do not forget to like and follow to see more analysis
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.
🆓BTC Standard Hashrate Token/USDT Analysis (5/2) #BTCST $BTCSTBTC is heading to $100 zone after it breaks out of $80 resistance zone.
If BTCST turns back and falls out of 76-80$ zone, we can wait to buy at $60 and $65.
📅NEWS
No News
📈BUY
-Buy: 76-80$. SL if B
📉SELL
-Sell: 98-102$. SL if A
♻️BACK-UP
-Sell: 76-80$ if B. SL if A
-Buy: 64-66$. SL if B
-Buy: 59-61$. SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
