Last when BURST crossed the 200 daily vs. BTC, almost a year ago it gained 50% - on the peak of the bubble of 2017 though it was a 3.5x - I think we might be somewhere between - in any case I see high potential buildung up. Let's see what the weekend reveils!
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 is moving inside of triangle and is very close to breakout of it!
Events: 16 MARCH 2019
HARD FORK : Hard fork to enable “Tethered Assets” in Burstcoin, a type of token that has a fixed USD value.
( medium.com) source!
On the chart above :
- We are in the accumulation zone
- The trend...
$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.
make it yours to see how I did this and some things I look for. Dont have time to explain it, and some people might not care, also, you dont get vol profile for the whole thing.
If you like charting and enjoy sharing and discussing ideas, message me here or twitter.
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...
So We have finally arrived to the most awesome time for BURST.
Now, we need a bit of spike up, to confirm some interest from investors.
Also, for those that do believe in a project, are accumulating and thanking all those lovely sellers.
Nov 18 fractal is coming, so, a spike is inbound.
Good luck everyone ;)
BLUE = Bear/Resistance
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.
The Chart is looking great and is pointing way up to test the channel.
Price now of BURST/BTC is 0.00000153 BTC
Looking to enter at 0.00000120--30 BTC range.
Recently one of their their developer executed a blockchain transaction without an internet. So Development part is great.
Remember, when Mcffee Shilled BURST, it went to mars and visited top 20 alts...
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.