BTCST seems to have broken out of its descending triangle with a bullish uptrend, which could be due to the upcoming pool launch today.
We have quite a lot of resistance floors ahead of us but if my prediction is true, the pattern will upwards could be in the movement of creating a cup formation up to usd 65. If that is the case, i.e. the pattern is in the movement of creating a cup and handle, we can expect a retracement after usd 65 for the formation of the handle pattern.
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BTC has shaken things a lot the past 12 hours, but BTCST has strong support at 37+, which is an upside. However, this implies that BTCST's recovery will be delayed until the market has become more stable and more side-tracking along 37-40 is expected.
It is likely that BTC will shake more things up the coming days, so be prepared for a bumpy ride.
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We are still in recovery and it is not likely we will se an upswing until BTC finally tries for the next ath.
@arash63 BTCST has strong support in the range between 38-40, spikes downwards have often been due to BTC. The risk for lower prices should be considered currently as low in my opinion.
DC92T
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@arash63, You got your lower now!! Lowest you'll ever find!! WTH happened to this thing??!!
Illustrus
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@DC92T, lots of things happened, BTCST was subject to a redenomination split of 1:10, resulting in 350 usd split to 35 usd coins. Whatever happened afterwards resulted in a rush with people not knowing of the split so it rushed up to 80 usd, only to be dumped. So here we are at 30+ waiting for recovery, which has been delayed because of BTC's swings.
soranss69
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it spuse to be listed in coinbase .but there is no news for thate . guys be pationt on it the first tp is 45 second tp is 52 the third is 65 and fainly 100 $$$
tangkm2511
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March is traditionally bad for crypto as it is the month of tax in US. Let’s hope the passage of the price continues northwards. The much rumored options will be expiring in about an hour’s time.
Illustrus
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Unfortunately BTCST is very sensitive to BTC’s movements. However, as soon as the coin has more stability in terms of the platform and coming news, it is likely it will be as stable as CAKE is now.
DC92T
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What FUD absolutely decimated this asset?? From >350$ down to under 100$ in less than a minute!! Something must have happened.....
tangkm2511
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Anyone with voting rights here? If yes, please do the hodlers a favor by demanding BTCST to reveal the coins they held in their so-called attempt to prevent pump and dump of the coins.
Umarzia
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@tangkm2511 you should ask this question in btcst telegram community