Bitshares (BTS): Bullish Ascending Right Triangle Pattern Target $0.079 (143% Profit Potential)
SUMMARY
Bitshares is primed to launch...crouched to leap upwards. The below chart shows an ascending right triangle pattern which is bullish. Its minimum price target is $0.079 which would represent a 143% profit potential. The minimum price target is calculated by drawing a parallel line to the rising line of the triangle and then drawing a vertical line from the apex.
Here is a didactic link that explains the Ascending Triangle pattern:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:ascending_triangle_continuation
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Hey @haejin, have you ever done analysis on BAT? I'd be really interested in how you see its recent movement as well as going forward. Thanks for your great analysis.
Here is the BAT analysis, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/bat-coin-target-usd0-28-186-profit-potential-mid-term-and-then-usd3-66-24x-profit-potential-longer-term-check-out-this-analysis
Excellent. Thank you so much! I watched it all. I will be getting the two resources you mentioned. :)
I wish you MASSIVE profits!
Not bad a all for short term traders.
I’ll accep 0.079 but only on the way up to the tippy top you promised!!
Unfortunately, I make no promises. But, know that I have tons of skin in the game such that I'm not just being an arm chair analyst. I've already made tons of money on GBTC call..check out the most recent blog I just posted on GBTC.
Looks like we just hit your bitshares dollar target! Where to next?
A small correction and then $0.10 or higher.
Sounds good to me. I find it difficult to trade regularly due to time constraints so I try and identify coins I like and am prepared to hold over a longer timeframe. I really like bitshares and I’m hoping it will do great things in the longer term.
I too won't be tradin BTS. But at insane profit levels, I will take profits on 1/3 to 1/2 of position.
Agreed. If it rockets I may have to take some chips off the table. I now wish I had bought more!!
Oh well. Looks like I did buy more after all. I had an unfulfilled ring on my entry ladder at 0.00000800. That has now been filled after the sudden drop of the past few hours. Every cloud has a silver lining and all that!
I just checked it out and commented thanks. As I said I would prefer to buy btc but I’m going to check if I can buy Gbtc inside my pension. Pretty sure I can’t!
Hey Haejin, did you notice the bitshares spread on bitshares.org is too high? since the volume is pretty low on the platform, it's tough to buy/sell. I hope bittrex can re-list it in near future.
Buying volume on Poloniex is pretty good. Been buying BTS there and then sending to my BTS wallet.
Poloniex is banned in WA! :(
Wow!! I had no idea... how strange! Sorry to hear that.
Large spreads go away as prices rise. When BTS is $0.50, the spread will be tight.
can you check substratum. It is the new coin with a good technology and lots of hype.
With very little price data, this is best I can provide:
I watched PIVX do this before the coin went from$2.85 to$4. I never noticed the down trend in volume though. I'll pay attention to that.
The volume trickles to almost nothing before it explodes.
Thanks for updating!
Two days ago you suggested a .75 to $1.20 target...has that been adjusted here to .079...? Instead of 75 cents closer to 8 cents? Just want to make sure I understand where decimals belong...thanks.
No, not at all. This 0.079 is intermediate, on its way tothe toppy top target. Understanding waves would prevent this confusion. Please consider purchasing the Elliott Wave principle book, it'll be very good investment.
@haejin What is the name of the book? I'd like to purchase it for further study.
those were longer timeframes
I wouldn't mind that... :D
Isn't this the same pattern we a seeing on ETH?
No, a line across the tops is not horizontal.
Ok thanks.
how is .079 143%? im reading your chart and i dont see that. am i missing something