Crypto Analysis Spotlight 2017.12.07 – BitShares, the big tank?steemCreated with Sketch.

in #money • 7 years ago

Large drop in BTSBTC value

Last time I mentioned we are in the accumulation phase and recently there was quite a lot of volatility in the price the last couple of days.

On the daily I still cannot see a definitive change in volume to indicate a new trend. Thus we are still likely in the accumulation phase.

Confirming the observation using the RSI

The RSI is currently around 50 and this is neutral at current.

The prediction

I mentioned last time that a long is recommended. I still recommend the long, but keep holding if you already bought. It might still take a while, but there is good upside here.

Till next time,
Tinus

** Images courtesy of tradingview.com

#analysis #trading #cryptocurrency #bitshares
7 years ago in #money by
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     7 years ago 
    Qurator
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       7 years ago 

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