BTS what's next after new high : Key level
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I d like to share my view on BTS, After big sell off yesterday, Bitshares is still inside the channel up, many indicators are showing daily oversold condition MACD is in bullish territory, RSI show continuation of the trend. We see a lot of bull div on many time frame.However, volume is low. 1300 level is the 0.382 retracement of the last leg down is a key level for this channel.
As the chart shows, the 100 SMA and the bearish ichimoku cloud prevented further gain and may act as resistance for the future at 1650-1700 level. However, the bullish sentiments increase with tenkan/kijun cross on the daily chart. The bearish cloud is becoming smaller. To me it's more bullish than bearish and we can break up the key resistance if volume increase. On the other side if resistance we will retest the 1000-1100 level.
Historically Bitshares followed Stellar Lumens wich was strongly bullish last two month.
My target based on previous support resistance are
TP1 : 2100
TP2 : 3100 level
TP3 : 3700-3800 level
Stop loss at 1100 level
On the downside we retest 1100 level, stop loss at 1700 level.
Happy trading
As the chart shows, the 100 SMA and the bearish ichimoku cloud prevented further gain and may act as resistance for the future at 1650-1700 level. However, the bullish sentiments increase with tenkan/kijun cross on the daily chart. The bearish cloud is becoming smaller. To me it's more bullish than bearish and we can break up the key resistance if volume increase. On the other side if resistance we will retest the 1000-1100 level.
Historically Bitshares followed Stellar Lumens wich was strongly bullish last two month.
My target based on previous support resistance are
TP1 : 2100
TP2 : 3100 level
TP3 : 3700-3800 level
Stop loss at 1100 level
On the downside we retest 1100 level, stop loss at 1700 level.
Happy trading
Nota
broke down the channelNota
retest of the Kijun sen, let's see if it holdsNota
the kijun prevented loss + bull div
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second rejection by the cloud, a retest could lead to breakoutNota
wave 3 on the cards Nota
hesitate to enter the cloud. watch closely, i expect to break up
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Time to buy the dipNota
We are trying to break the resistance for another time, if we close over 1500 on the 4h chart it will be a strong entry pointNota
Broke major resistance. Buy order can be placed at 1600 levelTrade attivo
Nota
impulse wave 3 of this cycle, i expect to grow fast, because of the fundamentals : fastest blockchain, good project with bigger number of transactionsTrade chiuso: obiettivo raggiunto
Target 1 reached ! sold 20% Enjoy 2100/1351 = 55,44% PROFITTarget 2 in progress ...
Target 3 in progress ...
Nota
I will update this idea soon, the target may be higher than predicted.Nota
look like consolidation is over, we have a new support zone on hourly timeframe between 1950-2000 sat, highlited in blue. If the momentum stay we are going for new highsNota
another entry point Nota
touched support line, i expect the uptrend to resume.Nota
If we close over 3100satoshi this week, expect 8870 level before the end of decemberTrade chiuso: obiettivo raggiunto
Target 1 reached ! sold 20% Enjoy 2100/1351 = 55,44% PROFITTarget 2 reached ! sold 10% Enjoy 3100/1351 = 229,45% PROFIT
Target 3 in progress ...
Trade chiuso: obiettivo raggiunto
Target 1 reached ! sold 20% Enjoy 2100/1351 = 55,44% PROFITTarget 2 reached ! sold 10% Enjoy 3100/1351 = 129,45% PROFIT
Target 3 reached ! sold a part ! enjoy 3800/1351 = 181% PROFIT
I expect stronger price movement for the end of the month with target near 8900 sat
this analysis is closed; hope you loved it, if you made some serious gain . I'll be thankful for a tip :)
BTC : 19qhhN3kR8Lvh2ykN6nqkqvxhdLzxgm6cq
Nota
a daily close over 3900 level will give us the 8800sat level :) enjoy
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