BTS/BTC. Two options. Timeframe 4 hours.

Hello, gentlemen..

Bitcoin exchange chart shows that its price is likely to fall to the level of $4600-$4800. At the same time, some traders believe that there will be no fall and bitcoin will cope with the "bearish" pressure. Because of this uncertainty, the direction of price movement in many altcoins also remains in question. Therefore, we will consider two options for the price rate of the BTS token.

Exchange "Binance", timeframe 4 hours

Line 1 is the main resistance line.
Line 2 is the main support line.
Line 3 - the psychological level at 1100sat.

Now the price BTS is inside the yellow pattern "expanding falling wedge", which promises us a rise in price after leaving the pattern. Yesterday, the price of the token tested the upper line of the pattern, after which it began to decline again. Based on experience, we can assume that the second attempt will be successful. If the price of bitcoin falls, the price of BTS will fall to the psychological level of 1100sat and after the rebound will begin a lateral movement within the expanding wedge (2, 3).

The second option involves an increase in the price of bitcoin. In this case, the BTS price will immediately break through the upper line of the pattern and begin a lateral movement inside the tapering triangle (1, 2)

Separately, I want to say that the resistance line 2 is very strong. Below it, the coin begins to experience strong "bullish" pressure. It's not that technical analysis says so. Just the BTS coin itself is very popular and is one of the main cryptocurrencies.

Good luck!
The @upvoteinvest team
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