Yesterday I wrote about taking a position in BitShares HERE at an average of around .0518 (1151 Satoshi). Not quite the recent low but pretty darn close. .05 has acted as solid support before and my thoughts were that it would again.
We are up about .006 cents so far today off of yesterdays lows and while that doesn't sound like much, its almost a 10% fiat USD gain. It's possible that is could crash through .05, but I think this is very solid support. In fact, BTS bounced 3 times off that level yesterday.
Priced in Bitcoin, we are up to 1203 Satoshis or about 5%. Still way early in this trade, but so far so good.
There is a huge margin call out on the DEX right now that is still sitting at 73.7 million BTS that can't be ignored and could obviously have an impact on the price in the short run.
Everything is moving in sync with Bitcoin right now though. Most of BitShares peers in terms of MarketCap from CoinMarketCap.com are also up to similar degrees, but I'm still a huge fan of this DEX and the tokens ability to outperform in a bull run.
To invest in Mene24k Gold Jewerly click Here
To open your own BitShares account, click Here
To open your own Binance account, click Here
