With the alts and Bitcoin getting into a more bullish market you might wanna look out for elliott waves. BQX seems to have began its first new wave and will likely dip back to 7160 sats. You can then hold for a bit and watch the resistance lines I have drawn.
Buy-target: 7160
Sell-target: 8540 or higher
Stop-loss: 6900
I am not buying now. That's fomo
Ethos (BQX) did very well and gained almost 90% the last 2 days. The eliot wave seems to predict a small correction to the support area that's formed between 6500 sats and 6350 sats.
Buy area: 6500 - 6350
Stop-Loss: 5870
Target: TBA
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Third support (0.00006348) from my previous TA will probably be hit before a bounce. We will see 5 dollars EOY if BTC doesn't screw us over.
Buy zone: around 0.00006348
Idea and the information contained herein is not intended to be a source of advice or credit analysis with respect to the material presented, and the information and/or documents contained in...
BQX has seen a lot of negative trends and isn't giving any strong signs of reversal. BQX is now creating a pattern on the second support, coming from the latest peak in December. RSI is just above oversold and MACD is showing bullish. There is a probability that BQX will peak to support #1, in which support #1 will act like a resistance making the BQX go back to...
I am seeing a bearish M-pattern in the latest spikes of BQX/BTC. This could mean a possible downtrend in the short term. Besides that, I can see a possible breakdown line at around 0.00033850 BTC. As you can see the volume is still very high, so that's not a good breakout sign either. Furthermore, it has had its natural correction, but BQX still hasn't retraced to...
