BTS/BTC - Pending Breakout - BUY SIGNAL

12 Feb 2021

For the last 25-30 hours, BTS has been hovering, stabilizing around the 130 sats. By looking at the MACD, we can see the signal line currently being above the MACD liine.
However, it seems like that is ready to change any moment now. And when the MACD line gets above the signal line, this indicates that it might turn bullish.

I would say, current price (129 sats) is a fine price to enter. If you want to buy, buy now. Because it will go to the moon.

I outlined the resistance and support levels. I think out first target will be @ 150 sats. And I think it will start moving this evening (in about 3 hours from now).


Hope we can see some nice action today.

13 Feb 2021

Nota

As you can see, we indeed saw a breakout just like I expected.
The target of ~160 sats was easily hit, which is great. Currently, the MACD is neutral and does not indicate anything. A good thing is that volume has increased a proper amount. I think we will see 185 and maybe even 200 sats before tomorrow evening. I feel good about BitShares, also the Stochastic RSI has a very low value indictating that it is currently oversold (at 157 sats). We will probably see more upward movement tonigth and tomorrow, and the volume will probably keep rising.