In my last post, I was showing a monstruous year long :
Lower support seems to have hold. Descending are a shift between demand and offer, the only thing to make it valid is the lower support angle must be less than the angle of the resistance. We are very near the apex and we should see a new trend forming (different ratio of demand and offer) on the mid term. Normally we see an uptrend but lets be conservative here after this year of market and not take it for granted. This is still a high risk time but I entered when price was 0.035, lets see what happen.
Im expecting a bounce and no lower low (IN BTSBTC not BTSUSD). You can see an imminent MACD-signal crossover in the daily. However, the weekly is not fully in position. Still histogram contracting and stay near the signal but still under it. Overall, i project BTSBTC on mid term to go near 1400 as daily suggest a short term bounce. It takes 7 days to complet a set of data on weekly so lets update once we are there :
If we gain slowly some higher lows we will have an upward new trend as expected. Of course projection in time cannot be effectively made on this until we have more data to speculate on a new uptrend. Right now, its more neutral trend with the purple line as lower support, previous one was the downward price green trend line from the wedge.
New post when data gets clearer.
MACD not in the best position. higher chance of bearish crossover but that doesnt excluded testing higher resistance before retracing. more details to come
this is what im seeing,