BTS is going sideways. This could take for quite a while before it changes trend. BTS and other altcoins are all depending on BTC. BTC bearish trend is driving all other crypto coins down. Smart investors would probably wait till BTC goes much lower before they buy in high volume both BTC and other crypto coins (including BTS).
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Theory:
Technical analysis employs models and trading rules based on price and volume transformations, such as the relative strength index, moving averages, regressions, inter-market and intra-market price correlations, business cycles, stock market cycles or, classically, through recognition of chart patterns.
In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
https://en.wikipedia.org/wiki/Technical_analysis
