Bitshares appears to be at the finishing edge of a long correction. If it dumps under 150 sats all bets are off, but based on the monthly correction candles this would be the perfect time for a strong bullish reversal. BTS has been in the past a great indicator for when other alts will pump hard. The question is will August be the month? I think it is very likely.
Bitshares seems to have hit the bottom. A falling wedge has been formed. MACD shows a bullish crossover. Bitshares will now enter accumulation phase (look on binance you will see it was stop hunted a few weeks back, usually what bulls do before wanting to pump something (check STRATIS).
Targets are red lines. Can sell a portion at each line.
Crypto market is not moving. World economy is playing role right now, the world is focusedg on the Eurozone and the US and China trade war.
Since last week the total marketcap has been dropping $10 billion in trades each week. This week we are in the 40 billions and still with no volume prospects.
ALTs are moving slowly, but without profitable spread, except for...
Price is testing our first resistance (horizontal overlap resistance, 100% Fibonacci extension ,38.2% Fibonacci retracement ) where a strong drop to our major support (horizontal pullback support, 50% Fibonacci retracement , 61.8% Fibonacci extension ) might occur. Stochastic is also approaching resistance where we might see a drop .
Trading CFDs on margin...
What's up guy's and girls LiquidMEX here with another prophecy from the future!
As so many know all my calls on XBTUSD have been SPOT ON! $8800 call yesterday NAILED IT!
As well as so many more it would take all day to name them all so have a look for yourself in the
related ideas box to view some of them follow me if you want REAL SOUND MARKET ADVICE not...