SUBBTC Ascending triangle

29 Ara 2017

TA: SUBBTC is forming an ascending triangle that has tested and held the support line several times already.

FA: It is a promising, relatively low market cap with a solid team in a space that has been seeing a lot of headlines as of late. The alpha tests have been nothing short of spectacular, there is an open beta next month, bittrex soon, and a coin burn with the bittrex event.

31 Ara 2017

Not

For newbies: TA is not about predictions and certainties - only probabilities and trying to win more than you lose. In this case the trendline ended up not holding but the market not dumping. In the updated chart there is a very clear higher high and higher low pattern that is forming after the ATH. Because of this, I am still bullish here.