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Burst VS Bitcoin - Battle Begins
アップデート済
Burst found a strong support at 68 satoshi that has been rejected few times. The support is confirmed by the 427.2% Fibonacci retracement level applied to the corrective wave after the ascending channel breakout.
After rejecting the support BURST/BTC broke above the triangle pattern and then above the downtrend trendline. These are first signs of a potential corrective wave up or even a trend reversal. For now upside targets are not clear but it is clear that if it breaks below the support the bullish outlook will become invalid.
In any case, it seems that the growth potential is on its' way and the risk/reward ratio is huge. This could attract investors and push Burst much higher.
After rejecting the support BURST/BTC broke above the triangle pattern and then above the downtrend trendline. These are first signs of a potential corrective wave up or even a trend reversal. For now upside targets are not clear but it is clear that if it breaks below the support the bullish outlook will become invalid.
In any case, it seems that the growth potential is on its' way and the risk/reward ratio is huge. This could attract investors and push Burst much higher.
ノート
Burst should be ready for a boostノート
Thank you all for comments and likes :)ノート
Hope you didn't forget to get some Burstノート
yay... looks niceノート
breaking above the previous high!ノート
closed above the moving averageトレード終了: 利益確定目標に到達
The trend up could continue, although I find it a little risky to hold nowノート
Perhaps will re-enter when it breaks above 166 satsトレード稼働中
uptrend continuesトレード終了: 利益確定目標に到達
resistance at 225 satoshi, break above should push it higher but for now fixing profits
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