$BTS/BTC breaking from lowsBitshares is another old project preparing for a strong uptrend.
This chart is based on Poloniex due to it having the longest history of the coin, which i deem very important,
As there is lack of activity on Poloniex, most action happens on Binance where one can also see steadily rising volume at the lowest end of the price range.
This is indicating accumulation of whales which are setting the base for a price increase.
Once again, although there is a possibility of sudden price jumps in short time frames like DOGE, I'm prepared to go through a longer period uptrend until i see my targets hit.
Btsbtclong
BTSBTC cup patternCup pattern formation,
With the blue breakout line loss limit and the cup depth gain limit, which is equal to the static resistance of the horizontal line.
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BTS/BTC (Pullback to 200D MA?)BTS/BTC
-BitShares broke the mid-term trendline resistance
-The price today has already retrace almost to key support area
-This zone of support is a confluence of 200D MA and previous resistance
-If we can see Bullish rejection or reversals signs
-That would be a good buying opportunity
-The upside potential is up to 400 sat
BTSBTC | Weekly EMA Cross OverFor the first time, the price is going to see a weekly EMA cross over where the 10W EMA is crossing over the 20W EMA signalling an uptrend and the price is likely to go to the upside.
The targets are mapped on the chart, the price would provide a 127% rise as this point acts as a weekly resistance.
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BTS/USDT TA Update (bullish breakout?)BTS/USDT
BTS finally changed the 4H trend after breaking the trend-line resistance and making its 1st Higher High.
We can see a bullish MA cross and the RSI trading above 50 condition level. If a pullback is going to happen,
the area between 0.01600-0.01440 must be defended to keep the strong bullish momentum otherwise
an equilibrium play is going to play-out which will take a longer trading action. No red flag today, market bias is to the upside.
BTS/BTC TA Update (Early sign of Bull Breakout?)BTS/BTC
BTS is starting to show some sign of potential bottoming as the volume is increasing, the price is testing the 50D MA as well.
If BTS fails to break 50MA, I'm eyeing for a pullback at the key support area. This key area must hold and consolidate for at least 1-2 weeks
to provide a decent amount of trading activity to keep the price within the range for the breakout of this bullish descending channel.
Daily Bullish Signal $BTS #BTS (18 Feb 2019)RED ARROW indicates the EXPECTED Time and Targets
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$BTS #Bitshares - CUP & HANDLE - Entering the rockets!!! Hello Lads and Ladies,
Toady we are taking a look at Bitshares - BTSBTC. On the daily chart it seems tobe forming a huge cup and handle formation. We are going to take a look at what is happening and what possibilities are there for BTSBTC.
Basically, as every other coin in this space BTSBTC has seen a humungous push in December of last year. Taking this push into consideration we apply the fibonacci retracement. These lines of retracement have been respected very well throughout the whole period of time. As well as the middle in between of each of these lines have been playing a major role as supports and resistances.
The starting point of the neckline is the beginning of February, when BTSBTC started a very heavy downtrend falling from 4000 satoshi all the way down to 1500 satoshi, where it has found its key support.
Hitting this key support 3 times, it has started a beautiful rise up towards and over the 4000 satoshi line making almost 150% gains.
Of course after such a huge push there has to be a health pullback which we are experiencing right now. Looking the chart formation pullback is the handle of the cup and handle formation and has been extended unnecessary due to the whole market taking a blood bath lately. It is very likely that it will continue to the 78.6% fibs line, since it is very near to it and would have a beautiful level of support from where it could make a big bounce and leave the handle and with start rocketing above the previous high of 4000 satoshi and also targeting the 6525 satoshi line.
Taking a closer look at it we have to consider a second more bearish scenario because of the extended handle, which was failed to be left at the 61.8% fibs line. Based on that we have to see a big scale bounce to at least the 61.8% fibs line staring from the 78.6% fibs line. Otherwise, we will most likely see BTSBTC heading towards the key support of 1500 satoshi line, where it will most likely make a very huge bounce.
Looking at the RSI I personally believe at a the bullish scenario after coming to the 78.6% fibs line. RSI is right now at around 45 points and would be in the 20 point area if it came down to the 78.6% fibs line pretty soon, from where it would have the best position to start the anticipated huge push that we are looking for.
Anyhow, during the push I see it breaking the 61.8% fibs line, coming back to it and then continuing the push towards and above the 4000 satoshi line.
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Cheers, Tomas