BTCST BoomFIb retracement 50% level is a crucial support and the trend channel and internal trend lines too. As far as BTCST maintains these supports it will go to $41. 50% retracement was retested again and again as a resistance but yesterday it broke this resistance and it is now an important support.
It looks healthy.
*NFA*
Btcstlong
is BTCST about to create cup and handle pattern?Fundamental:
As per latest news about bearish trends in gold, USD and oil, people will look to invest in another things such crypto currencies for the time being.
Technical:
I just look this time for 1D and 4h timeframes even that it was a rejection in LL which indicates the end of bearish trend in CURRENT timeframe (4h), also after checked pivot zones i saw that there are a couple of them which are quite important and it is just to wait for breakout to see if cup and handle patter will be created. Also checked squeeze momentum and i found bullish divergences in 1D. No MACD divergences till now, CRSI is overbought now which indicates a little consolidation in low timeframes which can be 30m or 1h in order to get "normal" levels. About supply-demmand seems acumulation zone was tested in past days and comes with a big spike but for now acumulation zone is ready to go to supply zone (red square in chart) as first target.
BTCST Brings Bitcoin to DeFiFrom the T.A., a break and retest of the red trend line would produce a spark to TP
Find entry, sl and tp in T.A.
$btcst
Trade safe...
#e2kclicks
What's next for BTCST?The next big move could be close for BTCST until it touches the $ $66- $ 72 levels. The RSI is calming down and in the meantime the price places us in a wide range on the daily chart.
An ABC pattern.
Wave C is on and I think the RSI will bounce when it reaches the trend line (54), which is necessary for this bounce.
I consider that the best buyback point would be between $ 38 - $ 41 .
For the movement to be successful, at the close of the day I consider that the RSI should not break the trend line.
In addition to breaking the resistance with force accompanied by volume and showing a close above $ 50 (0.618 fibo).
Stay tuned with BTCST.
LongBTCST in making of a nice curve
and at good support level
take long entries at 40-42
with the stop loss of 38
Target 1: 50
Target 2: 57
Long term : 90 & 140
Maximum Supply 15M
