BTS followed BTC trend, it dropped 9.9%. Now it is approaching 600 MA line (yellow light). If it drops below 600 MA line then bearish trend will possibly grow stronger. Estimated range 10 ~ 14c
NOTES:
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
