Btsusd
BTS/BTC (Testing Swing Low Support)💎Technical Analysis Summary💎
BINANCE: BTSBTC
-BitShares is now retesting major swing low support area
-Every time the price touches these key areas
-A strong reversal happens within a few weeks of trading
-This will not happen 100% of the time
-So please wait for any sign of reversals like patterns
-Bullish divergence on indicators will add extra confirmation
-But I always recommend waiting for the breakout signals
-Be patient and do not rush into trading
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BTS/BTC (Bearish Pattern Confirmed?)BINANCE: BTSBTC
-Bitshares is confirming a bearish H&S pattern after the breakdown of the neckline
-The price dump by -40% down to the previous swing low and 200MA dynamic support
-If BTS can hold the area 300 sat, there will be a good chance of reaction bounce up to 440 sat
-But if the Bears won the game, the next support below is at 265 sat
-Be cautious, this is a fresh breakdown, please don't try to catch a falling knife
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^Not Financial Advice
^Please exercise Risk Management
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BTC | 4th September | History is of Essence. I called the bull trap in my previous analysis of BTC, the close and placement of last weeks Bullish Pinbar was chaos in disguise. Now i observe that history is repeating itself and the price movement is in line with September 2017. We are heading towards the final shakedown all thru September before the mega bullrun makes news in December 2020 and the herd moves in to buy the top. In my opinion the key levels for bitcoin to defend all thru september are $9200 and $7700. In the short term BTC should recover from this landslide and start distributing again at $11100 before heading down again.
My advice to you is stick to the basics and dont panic sell. Instead sell the tops and rebuy the lows.
Be safe! Tread with caution!
Here I buy BitShares and BTS will go upHere I buy BitShares
and BitShares will go up.
The price is testing the major resistance, so now I load my bags and the bullish breakout will start.
And BitShares will go up
See you up there
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
SHS on Bitshares BtsBtc shs occurred. 55% chance of working. I hope it doesn't happen.
this is not an investment advice. is my personal amateur work. Good luck to everyone.
BTS/BTC (Scouting For Higher Low?)BTS/BTC
-we made a daily higher high and broke above 50ma
-currently scouting for new higher low
-between the price range of 230-216s
-that area of support also coincide with 50ma & 20ma dynamic support
-must hold immediate support zone because
-this will be its first baseline of defence againts the bears
-if you are anticipating for daily higher low
-your stoploss should be place under 188
BitShares 4H Hidden Bullish Divergence and MACD Bullish CrossI see Hidden Bullish RSI Divergence in 4H chart of BTSUSD, in combination with a Bullish Crossover in MACD. These are 2 bullish signals for me. I expect growth towards resistance at 0.022.