Hello. I'm seeing a cup and handle formation. Should see a second closure above blue line before confirming long trend. not a financial advice, just my view. Cheers.
As we approach the center line, we are seeing big movements, generally. I think if the 0.075$ holds, we can see potential upside till 0.23, which is a major fib resistance sits. If we break the 0.075 area, we can buy bts at lower price around 0.068.
A cup & handle formed on the daily as I predicted yesterday. We can set the target at ~195 sats using Fibonacci retracement. This is slightly below the Fibonacci level.
It might be smart to sell here, wait for a sell off and buy it back a tad cheaper.
Cup and handle is a bullish pattern that indicates an upward movement after completion. In the current...
The Bitshares cycle is as follows. It is not financial advice.
Aug 2014 - 0,080 $ lowest - 0,0017 $
May 2017 - 0,080 $
Jun 2017 - 0,54 $
Dec 2017 - 0,96 $
Dec 2017 - 0,96 $ lowest - 0.0084 $
May 2021 - 0,096 $
Jun 2021 - 12 $
Dec 2021 - 18 $
BTS Long Trade 20210306
signals:
Blue -> Green
Red -> Green
BTS, BITSHARES,BTSBTC,BTSUSD,BTSUSDT,BTSUSDTP
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
