So Werneo youll be buying again once we break the upper line on that downtrend? Thats a good plan.
exactly. I don't have any idea when the true rise in the value of bts will occur. But right now over at poloniex, bts is the top traded coin by far. Mighty ethereum is a sad second place. So the "rise" that's happening right now is, imo, the result of polo pro traders goosing the price of bts in order to FOMO long term investors/amateur traders who are trying to protect their wealth from the wild swings in price. When I look at that chart, what I see is a generalized down trend from the peak of 3100 sat, and no confirmation of a trend reversal. So all the snorting of the bulls at poloniex feels like the smart traders looking to fleece the long sheep.