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RE: BitShares TA Update

in #investing7 years ago (edited)

TA is awesome because it's subjective and everyone see things from different perspectives. The more TA analysis you research, the more confident you can be in your own trading decisions.

BTS is currently trading in the PWSH range from last May/June. This is the level I'm watching for the 40-50c range. BTS has bounced off trendline support and trading back within the PWSH range. It's a pretty wide range and I could see BTS being range-bound for a few weeks before continuing higher.

@cryptographic If BTS breaks below 20c, are you buying more?

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Those look like good round numbers. We've got up into the .55 area, where we saw some selling, and now price is moving back up to challenge again. I'm looking to buy back on pullbacks down in the low 30s and mid-20s, but I'm not holding my breath. 😕

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