Crypto-Hamster

BTSBTC: a move is soon

POLONIEX:BTSBTC   BitShares / Bitcoin
BitShares is at the end of the triangle. Considering the long history of the project and also the fact that it one of the highly rated blockchains by Chinese ranking, 300% returns bitcoin-wise against 50% loss risk may be not that a bad trade.

Not a financial advise.
Comment:
BTS went down with BTC, but didn't recover. Still it is above a strong support of ~1400 sats, so without a drop of BTC it is unlikely to break it. So, I would set my buy orders at 1406 with a stop at 1384 sats. The next level to look at in the case of going lower is 1000 sats, but if BTC will go really low, it will unlikely to hold too. But, if bitcoin will make a dip and then recover soon, and BTS will not go below 1400, it would be a very nice setup for a long trade.

Not a financial advice! ;)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.