Block-Head
Long

Bitshares consolidation almost complete

BINANCE:BTSBTC   BitShares / Bitcoin
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Bitshares looks ready to move another leg higher.

Price has been in a downwards channel since May. Notice how price usually respects the centre line, which is where price is currently resting just above and is consolidating.

Stoch RSI is showing oversold suggesting that a move up could be on its way.

Expect a move to the top of the channel.

Entry : 1700-1600
SL : 1586
Target : 2100
Hi this look good! Can you make a TA of MTL/BTC?
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Good points. My gut feeling is we'll follow the channel down slooooowly until Bitcoin makes it's move up or down, followed by BTS breaking out accordingly.
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Block-Head thomasvandenabeele
@thomasvandenabeele, that is also a possibility my friend
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