BTS is looking set to a return of 480% to its ATH, on its path the first target could start anytime from now on as the inner wave 4 is basically finished and 113% in 7 days is not that bad at all.
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With market going almost sideways with a bias toward bearish it is very unlikely BTS will decouple from BTC and run from it's own, but we have seen it a lot times with small caps. BTS have a nice return to the mean and our setup is still valid. But I will keep the BTCUSD chart on mind first with a expected rebound from BTC which reflected here can go as much as +15% to +23%:
Comentário:
Our first target of this "little" spike of 15% was reached, but we need to keep looking into BTCUSD as it looking set to a bearish run. If BTC succeed on crossing the MA on 1H timeframe here we can also go more upward:
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If BTCUSD doesn't get straight to 8K, it is currently at 9061, I expected it to offer a rebound on the next 7 days, so I tried to get this timing from BTCUSD chart here and with 8 days of a bull run here things will get very good, but it is wise to wait a bit for a signal in BTCUSD:
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Wrong chart, here is the right one:
Comentário:
As it turn out, BTS got engulfed together with BTC, I didn't call for short here as I was already short on XRP, on another published idea...
