Maybe it's time to get some more BTS, for long-term holding.
BTS is always my favorite crypto.
From the simple technical analysis perspective, we can see in the above price chart that price had been stable at the base since the beginning of this month. Indeed, it's rising very slowly.
Markets always oscillate between a period of high volatility and another period of low volatility. BTS remain in the period of low volatility for about one month. Once the price breaks out this narrow flat channel to the upper direction, it would be a high probability that the price will continue going up. That would be a good buying opportunity.
What a relatively long term of low volatility tell us? We can read it from the angle of supply and demand. Or buying and selling force. Price remaining above USD0.05 in most of the time, meaning that the selling force of this market is exhausted. And since the BTS ecosystem is fundamentally strong IMO, so I am quite confident that this is the base, and thus a good time to buy.
But this is not an investment advice for sure.
This is just a short remark in my Monday morning, before getting to work. I would write more about the fascinating BTS ecosystem in the future.
Have a nice day, my friends.
