BITSHARES (BTS) Update: Can Bitshares Reach $0.10 Short Term and Sustain it? Check out this Analysis!
SUMMARY
A few days ago, I had posted the below ascending right triangle pattern with a target of $0.0763.
Today, the below chart shows a near hit to that target....not too shabby!
The below chart is VERY tentative but the symmetrical triangle pattern is uncanny. So, I've labeled a potential impulse up in five waves. It would be ideal for price to reach $0.10 area and sustain it. Let's see what happens!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial
Laddering and Buy/Sell Setups.
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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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - d2e60e9856c36f34
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.**
Things are looking up for bts. I have a few shares stashed away which I’m looking to hold long term.
On BTS, Buy and never sell and buy more is a good strategy.
I agree. That’s my current intention. Fingers crossed it works.
I did not fully enjoy the wave 1 and now waiting for wave 2.
Thanks for the analysis. Long live the decentralized exchanges
Hail DEX!
I hope it migrates to EOS
Me too. Then BTS will become the de facto exchange in the crypto world and handle multiple billions of dollars worth volume with all the growth of the blockchain community. Death to the governments! Long live blockchain!
It will make bitshares greater than great ... I know bitfinex is exploring this option as well ... so lets see what develops!!! Free transactions...!!!
Thank you for the post...I'm learning from your analysis and appreciate your work. Keep it up!
I wish you MASSIVE profits!
I've done ok...looking for a more structured approach. I've made a more significant play in EOS...hoping reality matches the hype...1,000,000 transactions per second...holy cow!
I've held off from investing in EOS so far, but only because I think there are quicker gains to be made elsewhere. In terms of having faith in the project though it's as close to a solid bet as you'll get considering it's another Larimer project; BTS and STEEM are 2 of the few crypto projects that actually have A) working product B) a product type that will clearly be huge in the future.
Of course there's no guarantee that Steemit will be the profit sharing social media/publishing platform which makes it - anymore than early movers were guaranteed to stop Facebook - or that BTS will be the winning DEX, but the quality of platform already provided and teams behind them leave me very optimistic.
I'll be investing in EOS (hopefully) as soon as I get some decent gains in next week or so and it'll be a comfortable longterm hold.
STEEMit works because it's both a capitalistic and altruistic model.
Bts. Eos. Steem. No brainer.
HODL. The line. !!!
Yes master! We are taking off!!!!!
🐾❤️🐈So After BTC completes wave 5 $6800 then what is the forecast up....to?
$8k
🐾🐈🐾❤️Thank you and enjoy the cool weather, which came too quickly in New England as opposed to England...
@haijin...my fullest of thanks for turning me onto this one.
I started buying at $.05 and been adding a bit here and there ever since. I only have about 15,000 shares at the moment after adding more today but I feel very confident in your analysis.
I like the $.70 and then onto $.340.....
Hell even if your long term is 1/4 right, it is still a major home run.
Patience is key in this arena as I am learning. It will move just maybe not right now.
This is a buy and never sell coin!
Really? That is surprising coming from a trader like you.
You dont think that it smart to dump some after a 5 wave up and then try to buy after the three down....
Or is this one you dont risk it...just buy the dips?
He means you can go in and out if you're a master and to take some profits, but at least 50% hold long long term after a huge run up. In this video he goes into great detail about BTS. I have watched it more than once through. It's very enjoyable.
You got that right, PATIENCE! I'm gonna venture to guess you learned that by trading off coins RIGHT BEFORE they took off into the stratosphere? Same here, patience is not just a virtue, it is a MUST in this arena. if you don't have it already, learn it. Once you have patience down, then you can keep that hairpin trigger cocked and loaded to buy and sell like a champ!
There's totally no volume visible in BTS but as opposed to Steem, which seems to enjoy the proliferation of bullish wicks and is otherwise ars gratia artis, BTS is slowly and constantly rising. I also like the BTS system very much - so in doubt, I'll stay with BTS.
Volume will appear once we pass $0.5 or $0.75
hello
To investors in the currency market here are some tips that may avoid you big loss and give you a lot of profit
1 - Avoid margin buying and short selling because the burden of losing it exceeds your capital and lead to bankruptcy if you missed your expectations.
(Do not trust your expectations very much, because they may let you down)
2 - Do not believe the rumors, because the effect is imaginary and not real.
(Rumors of how much money was wasted, and lost of times)
3 - Do not risk everything you own, when you decide to sell or buy.
4 - Do not rely on one income method, invest to create another source of income (do not put eggs in one basket)
Thank you!