BTSUSD trade ideas
MSFTI just posted a few alt analysis, showing that things might be bearish short term, but with all i mentioned that Bitcoin is still very neutral at the moment. An hour ago we had another attempt to break up from this triangle but again it got pushed down.
BTSUSD - Bullish!BTSUSD is still holding floor over the descending wedge patter. RSI still strong holding floor as well. LONG!
BTSUSD ready for a massive movementBTSUSD has broken a strong resistance line of a descending wedge pattern. Massive Movement imminent. RSI is above Key resistance level.
BTS PULLBACK AND BUY ZONEHello all,
My favourite, BTS, could be making a pullback to around $.03. If so this could be an opportunity to pick up a long position. Looking for 200% up to the next resistance after this pullback.
Who knows?
Good luck.
*This is not financial advice*
BTSUSD : +66% since last post. What nowHi guys,
We reached our target of 0.025 of the last post. I was betting on a bullish run and entered at 0.018. Now, we at 0.031. DO we sell and hope to catch a dip ? Too early at my taste to propose such move.
1. We know that a weekly MACD signal crossover and double bottom are bullish and reliable. Weekly crossover indicate mid-term to long term trend. Google is your best friend if you want to know more about bullish and bearish MACD signal crossover
2. Weekly RSI shows no overbought :
3. We have an Expanded flat correction that I project that it seems to be finish. Normally, after expanded flat correction we see bullish impulse : Expanded flat correction meaning in trends : ewminteractive.com
4. We are currently testing a 2 year resistance. Outcome might be profitable.
5. 0.025 act now like a support. I expect if we break this resistance to go fast at the weekly MA50 at 0.04.
I will post a daily microTA tomorrow or monday.
BTSUSD : signs of recovery 2.5 mid termHi guys,
I wont go into details, but been pretty busy with the army past years. Im now back at stable place where i can work on TA again.
The grand picture speaks for itself. Seems like we are in the recovery zone at the end of a 5th wave that could complete the C (C wave are made of 5 impulsives waves) of the ABC of the retracement cycle. ABC retracement often correct at price lvl of wave 1-2. ABC is made of 5 waves and i think we are near the end point since long term indicator such as weekly MACD shows a double bottom with a bullish signal crossover. MACD still in the negative spectrum so I expect prices to test 0.02 now and in the next weeks then test 2.5 in the next months (which gives +25-35% for an half a cent rise lol). The compressive triangle conjugated with the MA 25 shows us the same thing, a price movement toward 0.025 mid term for a test. Lateral move short term. I have bought 90k BTS at our current lvl for nothing. Lets see how it goes.
If you are new with me read Elliot wave theory so you can understand better the 1-5, ABC, ABCDE pattern, WXY pattern, fibonacci, compressive triangle concept. I have a good historic in the past look up my forex projection too and follow if you like what you see.
I can do work on charts that you like if you want. Just ask in the comments
Market Cycle of EmotionsI'm feeling depressed, angry, and doubtful about my BTS position.
I can feel the emotion creeping in. I can feel the thoughts coming on: "sell now, you can find another coin. This coin is dead."
In the cycle of market psychology, it could be the time for me to buy more.
If BTS was at .20 I'd probably have a million and one emotional reasons to buy more.
We have retraced 98% from ATH. What an opportunity!
Horizontal lines are support levels.
Who knows?
Good luck.
Detailed GANN BOX ANALYSISHere is a detailed GANN analysis.
Feel free to ask questions.
BTS is looking incredible. Wow. Huge moves incoming.
Education using BTSI'm eternally bullish on BTS, but a year-long bear situation is possible...
When trading, look at the risk to reward. Shorting to the bottom of the triangle would yield 50% returns. Although you may get the false pride of buying the bottom.
However, longing to the NEAREST resistance level is 100% returns.
Longing to the second nearest resistance level is 300% returns.
There is lots of infighting in the Bitshares community right now, but at least there is fighting going on. There is no growth without decay.
Who knows?
Good luck.
BTSUSD ready for 13000% BTS has retrace 98% from its ATH. It is one of the fastest blockchains out there. Created by Dan Larimer of EOS + Steem + Block One +Voice, token weighted governance, decentralization, instant, a bank, projects created on it like BEOS (EOS+BTS middle chain, jurisdictional agility, satellites in space, created by Stan Larimer, RUON). Bitshares pump could be epic.
