Looking at the chart, we see some similarities in term of set up from the last breakout up to the 48 cent level or so. After this burst, it seems we have settled around the.38 cent level. It looks like this base is established (touching this level a couple times) If we sort of follow the pattern in the first set up, we could find ourselves slowly moving up at...
Let’s take a look at BTC from the perspective of the 1W chart.
Well as you can see we have a cup with handle pattern forming.
This is bullish.
We may have a small pullback ($5800 - $6800) – handle but after this, we should go north.
Let’s look at the rest of the indicators.
• Weiss Waves – the current green wave we are observing is thelongest one...
BURSTCoin (BURSTBTC) just printed a massive green candlestick on the daily chart. This is the highest volume BURSTBTC has seen since July 2018. This break managed to take out EMA50, EMA100, and EMA200. BURSTCoin price stopped short of reaching EMA300 (gray line).
The RSI is at its highest since December 2018 and it is going to reach the highest today since the...
$BURST reached long term support line and in the meantime coming closer to the apex of the falling wedge which is quite bullish.
In the upcoming weeks if price will make successful breakout out of the falling wedge we might see up to 268% gains.
On daily chart MACD there is a clear bullish divergence.
Green - buy. Red - sell.
It's not a financial advice.
Zooming out on a 1 Week chart:
Just picked up some Burst
Also have another bid set at 67 sats
Bullish divergence on histogram
Willy stupidly oversold
Target is the 50% fib which lines up with top of value on VPVR
Positive volume coming in on OBV
Bearish volume has stepped up so the 67 sat price is possible which will also line up with the bottom end...
Heres my trade setup on $BURST anticipating a bounce off this level. Stop loss is in so this is a set and forget with alerts at targets. Key is risk management, cut losses quickly and ride winners (I can sleep peacefully). I may consider a a trailing stop loss if we get some decent upside momentum. This could bounce or head further south, if my SL gets hit so be...
Idealism is the despot of thought, just as politics is the despot of will.
I am conscious of my inability to grasp, in all its details and positive developments, any very large portion of human knowledge.
After an downtrend burst is making an uptrend.
So keep an eye on this. Take position into this when market is stable.
Invest at your own risk as it seems good profit from here but market manipulation can do opposite things as well so if you enter then do by using stop loss as well and invest only what you can afford to hold/loose for long in crypto.
Burstcoin bounced from its big historical support level (green line). It is possible that price falls again to retest this support level or fall below to test the second green support. Anyway, Risk/Reward is good enough to entry for long in my opinion.
I did not enter to this market, but I follow this coin regularly. the team and the project is great and the new...
Low cap, new tech, dramatic growth potential:
PIVX: Lovechild of DASH and POS and Zerocoin
BURST: NEXT NXT 2.0. The Linux of Blockchain. Green tech POC
GAS: the NEO utility token, fiat for the NEO smart economy
Undervalued Large Cap Gems:
NEO: Smart contracts ecosystem for a new smart economy, China’s largest cryptocurrency
ZCASH ZEC: Bitcoin 2.0 privacy...
As part of our trading group pool we mapped out BURST and bought at the entry point of wave 3. A pump came from somewhere and it smashed through all targets. Low volume coin so i had to sell at 3 different price points to get rid of the trade.
Nice 26% return in a few days.
Trade is now closed, nice to see targets being hit.