BTS or Bitshares will be hardforking on the 4th of December 2018. This usually leads to a pump as a result of two new coins being released.
What do the charts say?
Bullish
MACD on the 1D Chart has flashed green for the first time since early June 2018 - the last time this has happened we saw a 70% pump.
The market has twice rejected a fall below $0.04275, indicating whilst there may be a volume gap that needs to be filled here - it is unlikely that it will occur.
A volume gap has to be filled at $0.06 and $0.07 and $0.08
A double bottom at $0.049 indicates we are seeing the start of an uptrend - we are unlikely to go lower than this present level.
It is more than likely that BTS will revisit its previous local area last seen in the middle of November, where it was $0.010 - this indicates a close to 2X move or 87% increase.
Bearish
RSI Stochastic on the 1D has recently crossed-over indicating that despite two new coins being released, a sell-off of both of the coins could see to a large downtrend.
A volume gap has presented itself at 0.04275 - there is a high chance this may be filled.
Nouvive Says: To invest or Trade in BTS at its current levels with a take profit for investors at $0.10 or a take profit for short-term traders at $0.07. A stop loss for both trades should be at $0.04680.
What do the charts say?
Bullish
MACD on the 1D Chart has flashed green for the first time since early June 2018 - the last time this has happened we saw a 70% pump.
The market has twice rejected a fall below $0.04275, indicating whilst there may be a volume gap that needs to be filled here - it is unlikely that it will occur.
A volume gap has to be filled at $0.06 and $0.07 and $0.08
A double bottom at $0.049 indicates we are seeing the start of an uptrend - we are unlikely to go lower than this present level.
It is more than likely that BTS will revisit its previous local area last seen in the middle of November, where it was $0.010 - this indicates a close to 2X move or 87% increase.
Bearish
RSI Stochastic on the 1D has recently crossed-over indicating that despite two new coins being released, a sell-off of both of the coins could see to a large downtrend.
A volume gap has presented itself at 0.04275 - there is a high chance this may be filled.
Nouvive Says: To invest or Trade in BTS at its current levels with a take profit for investors at $0.10 or a take profit for short-term traders at $0.07. A stop loss for both trades should be at $0.04680.