BTCS Inc (BTCS)

[Watcher411]

I've seen some good TA that suggests that about the 7k BTC level, could produce a very nice opportunity for a turn around. If that fails, personally I'd like to see bitcoin retrace back to about 6k, but not break it. That should produce a large descending wedge (bullish) on the bitcoin chart, ripe for a reversal in my opinion. If it breaks 6k, time for a long break. I feel that's unlikely.

Timing for this ticker is about July/August, and suggests a larger more exaggerated peak than last we just experienced. While only my opinion, I think we find a bottom relatively quickly in BTC, and we move north to build and produce a result better than 0.115 in BTCS, as was the last peak.

I have reason to believe that this is a special year for cryptos (without going into reasons or details), and for that to be true, breaking down to 3-4K and working up over a half of year or so, invalidates that claim entirely. We will have to see whether we remain over 6k, or break below. Depending on how BTC breaks, is the difference of that large exaggerated peak in BTCS showing at maybe 0.05 - 0.10 cents, or one at maybe 0.50 cents.