BITSHARES / DOLLAR ( BTSUSD) 17th Feb
10 days after the bounce of BTS from $0.15 on the 7th of Feb, BTS has been ranging sideways and updward slowly. As at time of writing BTS is trading at $0.27 which leave still in a profit zone since last update.
MACD still gives assurance of future uptrend. This is a hold or accumulate situation.
3 Doji has been formed in the last 3 days and the Doji is a transitional Candlestick formation, signifying equality and/or indecision between bulls and bears. The Doji is mostly found at the bottom and top of trends and thus is considered as a sign of possible reversal of price direction, but the Doji can be viewed as a continuation pattern as well that why i mention the price has been ranging for days now.
Expect a sudden price reversal but this time a high probability in the uptrend due to MACDs position.
BTS looking positive for day, long and margin traders.
CAVEAT: The analysis is based Education, my opinion and trading decisions. Good luck and trade with caution.
Your Comments, suggestion and questions are highly welcomed
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Thanks Trizle... When moon ? 😉
Hello Trizle..my Nizzle (as SnoopDogg says)! I typically like your price analyses, although I find them unnecessarily complicated with the inclusion of Elliot wave and MACD stuff. What's cool about trading is that everyone has a different approach that works for them. I come from the forex world and find that crypto doesn't always follow the same price delivery algorithms that the major pairs typically follow. I look at support /resistance, price voids, order blocks, and areas of confluence. I analyze from a higher time frame to lower and execute on a 5 or 15 min chart.
Here was my take on the BTS/USD from 2 days ago:
Here's where we are today:
Love your posts and keep up the great work~
Nice analysis mate. let's see more of what you got in future
I hope your prediction comes true.
I think BTS is a good project and more importantly...a working project!
Good fundamentals do pay of