BTS/BTC - Descending Triangle @ 1D chart

2021年2月9日

The descending triangle might indicate a bearish breakout. Volume is still low, not a lot of action around this coin.
It reacts to the BTC price fluctuations properly, but other than that, not much yet.

Lets hope the descending triangle is not correct and that it will break upwards instead of downwards.

2021年2月9日

註釋

If it turns bullish and breaks out, a decent target would be the recent high (230 sats). I will probably sell there, then await the correction wave to buy it back again at a cheaper price (~150 sats).

At the moment, it is looking fine. Slowly it climbed back a bit and nearly recovered completely from the damage BTC did. Lets hope we can go beyond this point soon.

2021年2月10日

註釋

UPDATE: Seems like it is breaking upwards. However, this is not yet convincing enough. If the candle closes above 118 sats today, I think we have a good chance of a bullish breakout.

2021年2月11日

註釋

Seems like we broke out upwards, good. Orderbook is getting stronger, volume still low. I think we will see an increase in volume before it pumps.

I think & hope this is just the beginning.