BitShares Price Action

[BTS WEEKLY CHART]
On a long term picture, BTS still has plenty of upside to go on its way to retest all time highs. On the WEEK chart we can see price has just hit a major level of resistance. This are will make the price on the smaller time frame bounce around and I wouldn't expect price to go much higher from here.

[BTS 4HR CHART]
As we zoom into smaller time frame(4HR) we can see several key levels of support and resistance formed. On my previous price analysis of BTS, price reacted almost exactly to my prediction. We still remain bullish on BTS as one of the better cryptos, based on price action and fundamentals. Currently price has made a big attempt to break through a key level of resistance, we should expect price to test that zone and possibly fall below it, as price never just goes straight up without pulling back. Price may go a bit higher to test the high of the major bull channel but i wouldn't expect price to go much higher.

[BTS 1HR CHART]
The 1hr chart shows there may be a measured move of 1-1. Usually these moves like to be completed as thats somewhat the nature of price action. Currently price is sitting just above resistance level and i expect that level to be tested many times over. Possibly price will bounce around that area for several days.

This not a signal service, nor is it financial advise. You buy and sell as you please.
Plese upvote if you like.
Happy trading folks.