BitShares / Bitcoin
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BTS - The hard slog

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Hi fellows, today I'm looking at BTSBTC, which seem to struggle hard and repeatedly to maintain momentum to break up beyond a crucial 50% fib level.

The ascending triangle cautions to watch for supporting trendline to break for a retrace to the 38.2% fib level.

Additionally, there is an important resistance level to consider just beyond this 50 % fib level, which can lead to a potential bulltrap in case price skyrockets and punters flood in once the 50% fib level is broken.

Disclaimer: I'm short from the 50% fib level atm.
No advice, ensure your own due dilligence.

Happy trading.

Catatan
Macro view of what I'm looking at below

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