Bitshares (BTS) technical alalysis #1

Bitshares take off It look like very promising story. Bitshares are on the edge of Blockchain technology. They are wining paradigm! So I also jump aboard and start to explore this wonderful world.

Let look on the chart of Bitshares from its DEX platform.

After hitting $0.05 level in October and stay there for a month in the begining of November BTS start rally upwards. It goes straight through all Fibonacci levels, gain 320% and stop at $0.16 level. This is massive gain. There is also runers beside Bitcoin, except they are not main stream.

After pick occurs rebounce from 61.8% Fibonacci level and upwards voyage is continuing. Te run will continue to the $0.20 level where some consolidation or rebounce is expected. So Bitshares people we are in the game.

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Image sources: tradethetechnicals.com, bitshares.org

Disclaimer: If you use my ideas and analyses in your investment ventures, you take all responsibility and consequences about your actions.

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