zooby
Long

BTSBTC - Potential Bullish Moves

BINANCE:BTSBTC   BitShares / Bitcoin
After having a sizeable ABC correction after 5 very bullish waves up, I believe BTSBTC is looking good here.

Falling Wedge , Fibonacci, Bullish Pennant - After finding a bottom at the 0.88 fib level, BTS had a month long sideways movement out of the falling wedge and eventually have a small pump in early April to then consolidate and form a pennant , with a volume profile to match.

Daily Chaikin - After spending time underwater, the Chaikin Money Flow is now nearing the 0 line, showing increasing buy pressure.

4H RSI , 200MA - The 4H RSI is showing some hidden bullish divergence on this pennant . The flagpole shows a large spike in volume after breaking the 4H 200MA, overall BTS is looking good for now.
Trade active: BTSBTC has broken out of the handle/pennant!
Target for this run using the flagpole is resistance point at 2500sats, with a stop along the way at the .88 fib/2250sat.
"with a stop along the way at the .88 fib/2250sat. " whoops I mean the .786 fib
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