Crypto Analysis Spotlight 2017.12.25 – BitShares, engine up!

in #money • 6 years ago

Bulltrend in BTSBTC

There has been a large increase in bitshares value. This has given the illusion of an uptrend. This was initially confirmed by some volume, but this activity has died down.

I think the price will be flat or see some decreases in the near future and we should wait for the correct to enter.

I repeat, as I am still not sure this is a definitive move upwards I am waiting.

Confirming the observation using the RSI

The RSI is currently still 79 and which means that the stock is overbought and in a decrease in price is to be expected. As before, RSI is a helpful indicator which in this case it is useful as a recommendation not to buy.

The prediction

I currently recommend selling the position completely. The upside will subside.

Till next time,
Tinus

** Images courtesy of tradingview.com

#analysis #trading #cryptocurrency #bitshares
6 years ago in #money by
$2.89
  • Past Payouts $2.89, 0.00 TRX
  • - Author $2.63, 0.00 TRX
  • - Curators $0.26, 0.00 TRX
11 votes
Reply 1
Sort:  
  • Trending
    • [-]
     6 years ago 
    Qurator
    Your Quality Content Curator
    This post has been upvoted and given the stamp of authenticity by @qurator. To join the quality content creators and receive daily upvotes click here for more info.

    Qurator's exclusive support bot is now live. For more info click HERE or send some SBD and your link to @qustodian to get even more support.

    $0.00
      Reply

      Coin Marketplace

      STEEM 0.29
      TRX 0.11
      JST 0.033
      BTC 63901.15
      ETH 3133.40
      USDT 1.00
      SBD 4.05