💎Technical Analysis Summary💎
-BitShares is now retesting major swing low support area
-Every time the price touches these key areas
-A strong reversal happens within a few weeks of trading
-This will not happen 100% of the time
-So please wait for any sign of reversals like patterns
-Bullish divergence on indicators will add extra...
-Bitshares is confirming a bearish H&S pattern after the breakdown of the neckline
-The price dump by -40% down to the previous swing low and 200MA dynamic support
-If BTS can hold the area 300 sat, there will be a good chance of reaction bounce up to 440 sat
-But if the Bears won the game, the next support below is at 265 sat
-Be cautious, this...
I called the bull trap in my previous analysis of BTC, the close and placement of last weeks Bullish Pinbar was chaos in disguise. Now i observe that history is repeating itself and the price movement is in line with September 2017. We are heading towards the final shakedown all thru September before the mega bullrun makes news in December 2020 and the herd moves...
Weekly Chart via Poloniex on Bitshares. OG crypto players remember this one! I'm sure it won't make anywhere near the sort of move it did back in 17, but this can still be an indicator on rising altcoin & crypto prices. The way that 50sma looks is very very interesting
-BitShares broke the mid-term trendline resistance
-The price today has already retrace almost to key support area
-This zone of support is a confluence of 200D MA and previous resistance
-If we can see Bullish rejection or reversals signs
-That would be a good buying opportunity
-The upside potential is up to 400 sat
#BTSBTC Will pump big
The date will recur. it is not investment advice.
maks target: 0.0002400
-we made a daily higher high and broke above 50ma
-currently scouting for new higher low
-between the price range of 230-216s
-that area of support also coincide with 50ma & 20ma dynamic support
-must hold immediate support zone because
-this will be its first baseline of defence againts the bears
-if you are anticipating for daily higher low
Price has now hit a resistance line. From her, I expect a rebound to the support line and further growth.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻