unaveragejoe

BTS Rally to ~$0.20, then a retracement (Buying opportunity)

Long
POLONIEX:BTSUSD   BitShares
BTS has had an exceptional bullish rally to about $0.15. However, all good things must come to an end..temporarily.

Looking at support and resistance lines, we may see a buying opportunity after testing the $0.20 resistance. We might see a retracement to the $0.10-0.13 support levels marked on the chart.

I expect something similar to happen to BTSUSD as has recently happened to NXTUSD, where there was a retracement before a huge push to the upside.

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