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jpnotmorgan
Feb 8, 2018 11:52 PM

End of consolidation for BTS? Long

BitShares / BitcoinPoloniex

Description

BTS has corrected quite a lot, but never seemed to have a proper bounce back like other coins. Maybe it is still to over priced, so I wouldn't hold my breath for too long. However I have been learning about squeeze recently and applied it here along with my double pitch fork and trend lines, and all looks pretty much ready, also TD sequential is quite in line, volume seems calm like before storm and last candle for today looks quite strong. De Marker is right in the middle, so it's 50/50 as for this indicator but: we may have a possible brake out.

If you decide to go long, watch the price movement as I don't think the correction is completely over for BTS.
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