The likely fall in the price of the BTS token to the level of 800 satoshi.
Hello, gentlemen..
BTS/BTC currency pair.
The fall in the price of BTC is characterized by a fall in the price of most alcaino.
Exchange Binance, a timeframe of 1 day.
Two days ago, the price of the BTS token broke through local support (2). As a result , the price of the asset will probably first fall to the level of the previous support (3), the price of which is 0.00001 BTC. This will be followed by a slight rebound.
In addition it is necessary to remember about the level of support (4), with the price 0.000008 BTC.. The fact is that when the line (2) is broken, at least three very powerful resistance lines were formed on the exchange chart of this coin. (5, 6, 7)
These lines will put very strong pressure on the price of the BTS token in the near future. So traders working on this pair, it is better to get out of this financial asset and wait. Soon it will be possible to buy a coin at a much more attractive price.
I think traders will be able to earn profit when the price of BTS is in the 0.000008-0.00001 BTC corridor. It just takes patience
Good luck!
The @upvoteinvest team
A formal disclaimer
Some of the posts might contain our opinion on trading strategies based on our technical and fundamental knowledge. However, please, invest at your own risk. We can’t be held responsible for any losses.
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