Author Topic: BTS TA FOR 12TH MAY 2020  (Read 95 times)

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Offline chigbolu

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BTS TA FOR 12TH MAY 2020
« on: May 12, 2020, 09:35:28 am »
Currently BTS price is close to 0.018USD which is currently acting as a critical support, recall from last month it was a resistance level as at this time. Bitshares has traded between 0.016 to 0.022USD within that time a rough 37% gain if u had caught both positions. So far BTS appears to be in a downtrend channel on the daily and 4H charts however it is testing the 0.017-0.018USD support as mentioned earlier, with current resistance at 0.0215USD level, a failure to hold support may lead to a crash to the 0.013USD a main support line when Bitcoin crashed to 3000USD in March, once again BTS is still heavily dependent on bitcoin's performance; this shows in the fact that BTS has devalued heavily against the King of coins, however Bitshares is planning a new release in June called BTS4.0 with massive new features like P2P lending and new improved upgrades to Bitshares governance this may lead to price increase.
LEVELS TO WATCH THIS MONTH
SUPPORT LEVELS: 0.0175, 0.015, 0.013
RESISTANCE LEVELS: 0.0195, 0.022, 0.03