BITSHARES had a pretty extended bull run as most other cryptocurrency consolidated, now as the rest of the market pushes on into the green, BITSHARES fails to find buy-side interest.
Buy Zone: ~$725-740
Target 1: ~$805
Gonna face some resistance here, if it breaks through, we're on to Target 2. If not, I'd say we dip back down to the buy zone.
Target 2: ~$865
Long term hodl position for me so these are small swing trades.
BTS/USD
Indicators - UP , News - Good , TA - controversial figures. Descending triangle into the expanding rising wedge.
07 June 2018 - Hard Fork, Development Cycles 2018.
Target
0.43
Follow BTS Chart at given buying zone with available target in the above chart
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BINANCE:BTSBTC POLONIEX:BTSBTC POLONIEX:BTSUSD BINANCE:BTSUSD
Technical analysis:
BITSHARES/DOLLAR is in a down trend and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 34.
Trading suggestion:
*The price is in a down trend, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone...
have you seen this kind of 100% correct analysis? it just realy kissed the last resistance line. lets hope it will hold for a while, but overall this is bad picture and may cause more panic. (WE ARE STILL IN BULL PATTERN!) well before we break it hard..
- Big money is changing momentum North
- The 5m charts showed several big money injections in the past two weeks
- 12/4: In 30 min price exploded from $6.900 to $7.900 and demolished the short term trendline (1)
- 13/4: Price broke through resistance and retraced back the following days (2)
- 20/4: Price destroyed (3) the downwards trendline (since 17/12/2017) >>>...
BITSHARES/DOLLAR
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
*There is still possibility of temporary retracement to suggested support line (0.2005) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the...
BITSHARES/DOLLAR
New trading suggestion:
* The price is in a range bound, but we forecast the uptrend would begin.
*There is still possibility of temporary retracement to suggested support line (0.2005) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the...
It seems that BitShares has found the support, while forming a double bottom at $0.118. The following wave up resulted in a break above the downtrend trendline as well as 50 Moving Average.
There are to resistance levels to watch, first minor resistance is at $0.17, where the downtrend trendline was previously rejected. Second major resistance is at $38.2%...
BINANCE:BTSUSD
Bitshares has been moving up strongly over the past 4 weeks, from $0.10 USD to $0.22 USD, but still far away from the all-time high level $1.03 USD. A level which I expect we will surpass this year, perhaps this semester.
We had a MACD positive divergence signal for a few months, which means MACD moving up while price was moving down, which was...
Please note that this type of recommendation is not followed up. Set your target and stop your loss yourself. If the analysis agrees with your idea of view (make sure that the analysis agrees with your idea of view, the analysis is not followed)
Nothing is a surprise here. If you followed my last post, I showed 2 options here for Bitcoin. One was a bullish count, and one was bearish. And surely enough, we are filled with signs of bearishness. Please check it out if you haven't so you can get caught up on what you missed.
So, I keep going back and forth on the overall count, and I'm just going to stick...
The last time Bitcoin's RSI fell below the critical 30 level was 5th Feb, when the Stochastic RSI also indicated selling momentum was exhausted. That event immediately proceeded a rally taking BTCUSD from 7000USD to 11000USD in just 12 days.
The BTCUSD RSI, Stochastic RSI and candlesticks are all lining up to replicate that event almost exactly. Expect a further...
