It's time to Bit(Share) the joy. BTS/BTC 1000%+ potential gain
This is going to be little bit of a different trade and will incorporate the same idea on my recent long time frame NANO trade I placed.
As you might've noticed, I've been sharing trades that in general have a very short time frame of selling. Get in, take the profit 5-20% and get out. We did this on BAT/BTC twice, ARK/BTC, VTC/BTC (This trade is still active) and NANO/BTC (Trade also still active). This trade will be different.
We will accumulate from 400 sats all the way to 150 sats if the price keeps falling. BTS has shown a very large correction and is one of the older cryptocurrencies.
Short term, it looks okay, but we are not here for the short term. We are projecting the price movement of this coin in the next 3-4 months. The targets are drawn on the charts. I believe this coin can easily go 1000% if not more according to my chart. Weekly RSI is looking extremely oversold and we are on one of the last support lines for BTS and very close to its all time low price in terms of BTC.
Considering that this is a longer time frame trade. We need to be patient with the price movements and take profits all the way up. We will not bother ourselves with 10% price movements for this trade.
As you might've noticed, I've been sharing trades that in general have a very short time frame of selling. Get in, take the profit 5-20% and get out. We did this on BAT/BTC twice, ARK/BTC, VTC/BTC (This trade is still active) and NANO/BTC (Trade also still active). This trade will be different.
We will accumulate from 400 sats all the way to 150 sats if the price keeps falling. BTS has shown a very large correction and is one of the older cryptocurrencies.
Short term, it looks okay, but we are not here for the short term. We are projecting the price movement of this coin in the next 3-4 months. The targets are drawn on the charts. I believe this coin can easily go 1000% if not more according to my chart. Weekly RSI is looking extremely oversold and we are on one of the last support lines for BTS and very close to its all time low price in terms of BTC.
Considering that this is a longer time frame trade. We need to be patient with the price movements and take profits all the way up. We will not bother ourselves with 10% price movements for this trade.
Comment:
UPDATE:
Still accumulating BTS. Buying it until 150 sats.
Still accumulating BTS. Buying it until 150 sats.
Comment:
UPDATE:
This is why slow accumulation is king in oversold bear market. We continuously bought between 400-190 satoshi and if we did this correctly, our average should be between 300-270 satoshi range.
Right now BTS is showing good strength, good volume and its about to close its 4th green weekly candle in a row.
Now we wait and watch the magic unfold.
This is why slow accumulation is king in oversold bear market. We continuously bought between 400-190 satoshi and if we did this correctly, our average should be between 300-270 satoshi range.
Right now BTS is showing good strength, good volume and its about to close its 4th green weekly candle in a row.
Now we wait and watch the magic unfold.
As I sad before, the goal is to average out or beginning position as much as possible.
We are accumulating from now until 150 sats.