ElonMoonsk

ElonMoonsk

We have been hovering between 61-64% for quite a while now, and we are not at the point where BTC.d will make a decision. As we've seen dominance dropping these last days, a downward break is most probable in my eyes. A downward break would start the altseason everyone has been waiting for. However, were it to break upwards, alts would probably start bleeding...

ElonMoonsk Updated 

This coin has dropped a lot due to BTC movement recently. Now we might see BTC dropping to 40-41k$ today or tomorrow. I hope it will stop there and I think it will be a good point to pick up some BTS. I think the chart might be displaying an ascending triangle. This is a bullish pattern. Once we break out on the upside, we can try reaching targets (green lines...

ElonMoonsk

Today we saw BTC do a small crash all the way back to the 47k USD range. It has recovered since and is currently hovering around 53k USD. We might see a further decrease in price, which will probably cause alts to bleed out even more. Currently, we are heavily oversold since the only reason we saw a big price drop today was due to the volatile behaviour of...

ElonMoonsk

For the past 1-2 days, the altcoin market was under heavy correction. BTS was no exception, and we dropped back from 170 sats to 135 sats. For a brief moment the BTS price even hit 106 sats, which is extremely low compared to the past days. A possible explaination for this market correction has to do with BTC dominance. If BTC has more dominance on the market,...

ElonMoonsk Updated 

Technical indicators: 1. MACD -> Currently, MACD indicates downward movement. However, I assume that in ~3-4 hours, this might be reversed. This is because we can see the starting of a curve and since we are currently oversold according to the StochRSI, a reversal should be most likely. 2. StochRSI -> Indicates that market is currently oversold. As we can see the...

ElonMoonsk Updated 

For the last 25-30 hours, BTS has been hovering, stabilizing around the 130 sats. By looking at the MACD, we can see the signal line currently being above the MACD liine. However, it seems like that is ready to change any moment now. And when the MACD line gets above the signal line, this indicates that it might turn bullish. I would say, current price (129...

ElonMoonsk

Today I also posted about the (not yet completed) descending triangle in the 1D timeframe. However, if we look at the big picture of the 1H timeframe, we can see a descending triangle aswell. It was broken before, but BTC's rally forced BTS back into the triangle. If this is real, we might have broken it again today, in a seemingly bullish manner. I think we need...

ElonMoonsk Updated 

The descending triangle might indicate a bearish breakout. Volume is still low, not a lot of action around this coin. It reacts to the BTC price fluctuations properly, but other than that, not much yet. Lets hope the descending triangle is not correct and that it will break upwards instead of downwards.

ElonMoonsk

huobi + binance future listings retest of current ATH gathering volume

ElonMoonsk Updated 

As you can see, I made a triangle. Together with the FIbonacci retracement thingy. This is without doubt the greatest investment out there. This is a great coin with real life application. See you @ MARS. ONCE IT BREAKS THE RESISTENCE @ 125. WE MOONIN OUT HERE FAM. TRUST THE TRIANGLE, THE CHRISTIAN HOLY TRINITY WILL ONCE AGAIN TURN OUT VICTORIOUS T1 160 T2...