BitShares BTSBTC - Long Setup D1

POLONIEX:BTSBTC   BitShares / Bitcoin
Use fib lines as targets - both time and price analysis are available on the chart.

Measure fib zone 1 to fib zone 2 to determine a time estimate for the formation on the right side of the cup chart pattern within fib zone 3 to fib zone 5.

RSI shows plenty of action on the upper +50 range, indicating bullish bias.

MACD shows fresh momentum.

No volume divergence.

Double bottom pattern shows minor correction is done.

EMA bounce up, no cross.

Trade active
Comment: buy the break out, when price action leaves/breaks the downward channel (moving up)

Comment: leaving the buy box

Comment: BOOM

Comment: fractals on 4H

Comment: btc correction took bts with it, a double bottom has appeared on 4H

Order cancelled: btc
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