Bitshares (BTS) First $0.11 then $0.21...here is the Analysis!
SUMMARY
Bitshares (BTS) has one of the brightest futures, IMHO! As the video analysis shows, I often try and start with all old chart labels and markings removed, so a clean slate. This way, I often have ah ha moments of new counts or chart patterns.
The below chart is a relabel of BTS with its five wave impulse and subsequent a,b,c correction and the forward discernment of a cup & handle bullish pattern. The video takes you through the full details.
This time around, the ah ha moment was in discerning a Head & Shoulders bottom pattern. The Left Shouler and Right Shoulder are labeled with minimum price runs. If the Head & Shoulders does occur, we could see a dip into the $0.07s for a little while. A good time to buy the dip, if so.
Given that forward discerned cup & handle with Head & Shoulders point up in price, I've added short term target of $0.11 and mid term target of $0.21 as probable. The video has tons more details!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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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.**
Since you have gotten me into bitshares, I've been holding other coins on the platform too. Real nice.
Fill those rings!!
I'm little bit scared to try bitshares, because so many coins circulating and market cap nothing compared to it :O I'm noob please don't laugh at me
Bitshares is a win-win coin!
I wish you very fast multiple profits. Lol !! tm
For you too my friend!
Damn, good one!
BTs on poloniex crashed for a bit.
Poloniex is no good.
We won't laugh at you.....we want you to profit my friend! I'll tell you this 100% truth. Over half of all my crypto investment is in BTS. It's on it's way up as we speak, yes there will be hills and mountains to climb, but BTS will build wealth. In the last week, I have gained over 30% in BTS alone. I don't even trade it, it's hit it's bottom.....so that means we are heading up to the sky. It's definitely worth throwing a little bit of money at, there is still time of this one, it's not a big bang.....it's an evolutionary transformation!
circulating coins don't really matter. it's just psychological. what matters is the market cap
guys :( BTS is currently under maintenance or experiencing wallet/network issues. Deposits and withdrawals will remain disabled until a solution is found, which may require an update from the BTS team. Any updates must be tested and audited before enabling
You said this the other day and I was not having issue except with openledger....but not I cannot withdraw funds before the B2X fork happening in 7 hours or less. Thanks for the info.
Thanks guys for the reply. I will invest in Bitshares. Hopefully we'll all make massive profits Haajin's voice lol
mind you i bought at .55 cents.. honestly there are a lot of other high potential but STILL discounted coins (e.g. CVC, OMG) ... If you plan to be a long term holder of BTS, now would be a good time to buy. for me tho i'm buying at the bottom of a few altcoins - and once profit is realized, i will be selling it for BTS, EOS, and my other long term holds
can you delay BTS from mooning? i'm still waiting for more fiat xd
hahahhahaa!!
You have plenty of time. BTS is a long term hold.
Make China ban Bitshares. Make them use the Firewall. Call Jamie Dimon for help. It's not like his reputation can get any lower. A Chinese ban would create a great PR disaster and prove the case for a DEX that can handle NASDAQ volumes without Lightning networks and still say we are not done.
Ban Bitshares. Make another mini-crash.
Oh please form that Head and Shoulders! Then we could very possibly get a H&S inside a larger H&S!!!!!
Now we are really talking.
I was thinking of that watching the video and i was eventually surprised Haejin did not mention this possibility!
Well I'm still a novice in comparison, perhaps he doesn't see it as likely. Not to mention he sees a hundred charts a day, even for coins he's not all that interested in that get requested.
Here we go! Waiting for BTS at target line ;)
WOOP WOOP... BTS gonna make that money!
What do you think about Coinvest? "The world’s first decentralized stock market for cryptocurrencies". https://coinve.st/
Looks like bullshit to me.
Is BTS waking up?? :-)
Ty for the TA! Im a big fan of your blog so i made a steem account to be able to thank you!