Burst VS Bitcoin - Battle Begins
Aktualisiert
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.
Anmerkung
Burst should be ready for a boostAnmerkung
Thank you all for comments and likes :)Anmerkung
Hope you didn't forget to get some BurstAnmerkung
yay... looks niceAnmerkung
breaking above the previous high!Anmerkung
closed above the moving averageTrade geschlossen: Ziel wurde erreicht
The trend up could continue, although I find it a little risky to hold nowAnmerkung
Perhaps will re-enter when it breaks above 166 satsTrade ist aktiv
uptrend continuesTrade geschlossen: Ziel wurde erreicht
resistance at 225 satoshi, break above should push it higher but for now fixing profits
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