BTS might be setting up for a nice tradable bounce. After losing 90% of its value from the pump its worth taking a gamble on this one.
It also entered a support zone and the RSI didn't make any new lows for a long time while price did. This bullish divergence might give us the reversal sign we are looking for.
I am adding to my position and will sell on new...
As we have seen many Altcoin pumped in the last months, LTC is pretty stable for a period of almost two years. LTC is in a really large triangle and according to my drawn trendlines, it is finally breaking out to the upside. it still has to be confirmed by a weekly close outside the triangle. Currently the ltcbtc ratio is at lows we haven't seen in many years....
LTCBTC is heading to a major support level. with a oversold rsi on the weekly we could see a bounce here. if 0.005850 wont hold i expect a big selloff. Looking to risk reward it might be a good long here with a stop under 0.00580. if it doesnt hold the support it will make 3 year lows.
With all the ETH madness going on last week it follows the classic altcoin bubble cycle pattern. we have seen many coins doing this kind of cycle like DRK and LTC. be careful buying eth here because if history repeats u will get rekt buying the top here.
Happy new year bitcoin traders,
Here is my first published idea where i will take a look at starting this year.
We could be forming a nice cup and handle here which could take us above 500.
If we keep hanging around this level and dont break 400 i will take a long position with a target around 530 assuming the cup and handle will play out.
When 400 gets...