Bitshares VS Bitcoin: bearish short-term ?
Today Bitcoin broke above its falling wedge, a bullish reversal pattern, although I'd like a good volume for confirmation:
Historically, when Bitcoin rally, its dominance over altcoins increase, and cause the laters to drop sometimes considerably.
Only then, they start pumping like crazy.
There is a surprising number of resistances here:
- The 38.2% Fib. level
- The daily MA-30
- The trend-line of the rising wedge
My current strategy is to sell BTS for BTC if a clear break-out of the wedge's bottom happen. Then buy back at levels marked by white-dotted lines.
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