BTS is currently trading at 0.06... it's on a slow uptrend, at the current rate it should surpass 0.07USD by July... There is still a few weeks before a breakout from 0.08USD can occur if that happens we will have a very strong support at 0.07USD due to the slow build up... It's advisable to stock up BTS right now before July. On the downside BTS has a strong support at 0.04USD and 0.03USD should things go bearish...
N/B this is not trading advice
N/B this is not trading advice
Comment:
As long as BTS stays above 0.07USD for the week we should break the resistance line at 0.08USD by July. It all depends on Bitcoins continual rise which is causing indecision... We need BTC to be stable to have a strong green... On the downside if BTC goes red we might see a breakdown to 0.06USD again.
Comment:
BTS back to 0.06 after failing to cross 0.075 which is turning into a strong resistance for BTS
Comment:
Currently BTS has fallen below 0.06USd to continue it's downtrend for the week... It would probably fall a bit lower to 0.053 or stay btw 0.06-0.055... much lower lows for the week would 0.044USD...
Comment:
BTS is now below 0.044usd... current lows to look at right now is the 0.037-0.031usd price this will give us a double bottom on the weekly and hopefully a huge boost back to 0.075usd for a fourth retest... But if things get worse....
Comment:
It's taken exactly 1 month of sideways movement to push BTS to 0.037 right now BTS is oversold on the daily... Two things will happen tomorrow... We might see a huge drop below 0.036 or a slow recovery back to 0.045
Comment:
Bitshares is still on a downtrend after crossing the 0.036 line I had drawn, the new support is now at 0.03-0.027, but there is a possible breakdown to 0.01... however this can only happen if
1. Bitcoins price drops down to <3000usd
2. There is a huge sell off
Currently trade volumes have dropped due to lack of interest in BTS by investors so there's no chance of a huge sell off and Bitcoin is not going to retrace to 3000usd anytime soon and the BTS community has been working behind the scenes to make sure price goes back up... A strong buy by the close of the week will be good that would push BTS above 0.036 if not expect more sideways movement btw 0.035 and 0.030 next week
1. Bitcoins price drops down to <3000usd
2. There is a huge sell off
Currently trade volumes have dropped due to lack of interest in BTS by investors so there's no chance of a huge sell off and Bitcoin is not going to retrace to 3000usd anytime soon and the BTS community has been working behind the scenes to make sure price goes back up... A strong buy by the close of the week will be good that would push BTS above 0.036 if not expect more sideways movement btw 0.035 and 0.030 next week
Comment:
Warning BTS holders more doom before gloom... BTS is now finally ready to fall down to 0.027 the TA looks very bad now so get ready to buy even more...
Comment:
Another breakout imminent in the coming days... Get ready BTS could take off any minute... Everybody is saying alt season is near maybe they are right a little alt boom before Christmas would be nice... Current Targets are 0.04-0.05 and 0.025-0.016...
Comment:
BTS Bearish pattern is slowly playing out at 0.025 there is still a high sell pressure however there appears to be high levels of accumulation since the drop at 0.04usd so a fall to 0.016usd is looking unlikely or may lead to reversal of trend for BTS... Likely scenerio is that it would form a double bottom at 0.027.
Comment:
Despite the current price I still see a reversal soon BTS is showing a bullish Divergence on the daily. I may be wrong though
Comment:
Finally bitshares is reversing