This coin has dropped a lot due to BTC movement recently. Now we might see BTC dropping to 40-41k$ today or tomorrow. I hope it will stop there and I think it will be a good point to pick up some BTS.
I think the chart might be displaying an ascending triangle. This is a bullish pattern. Once we break out on the upside, we can try reaching targets (green lines show us some resistance/support zones).
RSI and MACD don't really tell us a lot. RSI looks a bit bullish for now, but it doesn't really give us any certainty as far as I know.
I think BTC dominance might crash in the near future, sparking an alt rally. This is when BTS will shine.
I have opened a small long position futures trade at 6x leverage @ 0,037 USD. I think we might reach that price if BTC is to drop to the 40-41k USD zone, after which I hope we see a little bounce back upwards.
Keep in mind that futures trading is risky and the crypto market is very volatile. Manage your risks, liquidation happens a lot and you don't want to lose your money.
This is not financial advice, this is just an idea that I, a random nobody with no economical background, made up and shared.
Hope it helps you guys. Cheers
I think the chart might be displaying an ascending triangle. This is a bullish pattern. Once we break out on the upside, we can try reaching targets (green lines show us some resistance/support zones).
RSI and MACD don't really tell us a lot. RSI looks a bit bullish for now, but it doesn't really give us any certainty as far as I know.
I think BTC dominance might crash in the near future, sparking an alt rally. This is when BTS will shine.
I have opened a small long position futures trade at 6x leverage @ 0,037 USD. I think we might reach that price if BTC is to drop to the 40-41k USD zone, after which I hope we see a little bounce back upwards.
Keep in mind that futures trading is risky and the crypto market is very volatile. Manage your risks, liquidation happens a lot and you don't want to lose your money.
This is not financial advice, this is just an idea that I, a random nobody with no economical background, made up and shared.
Hope it helps you guys. Cheers
Comment:
We just saw a little push upwards. Even though this is nice, I am not going to count this as a breakout yet. Maybe if a candle closes on 103 or higher I am willing to consider it a breakout. But currently it just looks like some whales are playing with the price.. Absolute cunts. Order book is full of bots trying to manipulate the price (@ Binance). However, it is possible that this is the start of the breakout. I'll keep watching for a confirmation.