Bitshares (BTS): About to Surge into 2018?
Those of you who follow crypto prices on a daily basis like I do know we've seen some red today in most of the market, but Bitshares really jumped out at me when I was browsing through prices of coins in my portfolio.
This is the best chart format I could come up with today (compliments of investing.com) for BTS so my apologies if it's lacking in some way...
I find a 5 hour time frame to be a bit odd but that's by far the best method I could find using this (or any other) particular charting service and the daily time frame showed up weird so I went with this one. I usually like to use Bittrex for my charts but they don't display data for Bitshares.
But on to my point--BTS is holding strong near its all time high of about $0.65 after a huge run-up in the past month or so and I also noticed the following
- RSI is only 57 in this time frame. It's 70 on the daily chart which means it's not overbought even in terms of the longer time frames
- There's an ascending line of support which has been tested a couple of times and the price has come nowhere near the support line recently
- Price range is getting narrower and forming an ascending wedge pattern
I'm not gonna spoil it and call a breakout coming soon but things sure do look good for Bitshares going into the New Year! I'm stocked up pretty well on BTS now and I'm going to take some gains from another currency that I won't mention to buy a little more if it dips again.
Bitshares is currently at #22 in terms of market cap at $1.67 Billion at the time of this post which isn't small but pales in comparison to the ballooning market caps of some of the other coins out there (Ripple....ahem). I'll be curious to see where it is in a month or two and even a year from now.
Looking at this list--I was a bit surprised to see Ripple (XRP) take down Ethereum in terms of market cap and I won't comment on that for now.
I guess we'll just have to wait and see what the new year brings for all the different currencies out there but I've got a good feeling about BTS.
Disclaimer: This is not financial advice. Never invest in or trade anything based on the advice of anyone but a financial professional and always do your own research before buying. It's your money so don't throw it at something based on something that some guy on the internet said.
It’s $0.68 and at all time high I do believe. I’d like to see it keep going even though I want a little more!
Why did you say on another post that people are hoarding SBD because they know what's up. What is up?
The price of SBD is way up vs the dollar. It surged to around $13 this month and there's a very limited number of SBD compared to other coins (according to coinmarketcap.com there's under 5 million in circulation). Many are speculating that the sky is the limit for SBD. We'll see though. It's pulled back to about $7 last I checked but a lot of coins have been down some this week.
Here's the chart
Ok, thanks for the info.
Tradingview.com is your friend :)
I'm hugely bullish on Bitshares for 2018. It just finished a nice 5 wave up though and should consolidate a bit over the next day or so. Good time to ladder in.
I'm hugely bullish on BTS as well...I was able to buy a lot back when they were around .14 back in November and I'm obviously super excited with the gains, but I think this train is just getting started. If you listen to Stan Larimers' interviews over the past several weeks, there is going to be a ton of demand for BTS in collateralized assets being launched on the platform. This is going to vacuum up a lot of the supply in the first part of 2018. I think there will still be some large %age swings, but if one HODLs for a year, I think this coin will have some huge returns.
Bitshares is glossed over and not understood by many. But those of us that understand what the platform is and the features it delivers are going to be sitting well when the rest of the herd catches on. Most folks don't realize that bitshares are getting locked up to create all sorts of derivatives that provide tons of great investment vehicles for many different types of investors.
The fact that it's decentralized and available to anyone that has an internet connection means that everyone now has a suite of financial tools at a global level backed by smart contracts available to them. In a word, this is amazing and can do wonders for our globe if Bitshares actually realizes it's full potential.
Thank you for the site suggestion! I usually don't have a hard time finding / putting together good charts but finding a good BTS chart was difficult.
No problem, happy to help.
Do you trade on the Bitshares DEX?
I've had a lot of success trading there and am refining my trading strategy.
No I haven't traded there yet. I should go check that out.
Thanks for the reply and the suggestion! It's nice getting so many quality (and not generic one or two word) replies to my post!
No problem. Good to connect with you here. The Bitshares DEX is different from other trading platforms, but has great potential because of those differences. I'm all in. I just trade on the DEX.
If you have any Bitshares questions, don't hesitate to ask. I'll do my best to answer them.
Thanks man I appreciate it. I've followed you. See ya around in 2018!
Bitshares had its first surge today. A good way to start the year!
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Thanks for the info! Everytime I read posts like this I almost hope the uptrend will wait a bit so I have more time to buy some bitshares. Because a lot of people seem to think it will prosper in the long run (which I guess all this cryptomania is really about, right?)
Yes I'd like to get a bit more around the $0.50 level or below. We may have some time yet. The market is so volatile nobody can truly predict it but the chart looked pretty good at the time I posted it.
Just keeps going up tonight, but yeah hope it comes down a bit again once in a while before going completely to the moon!
Do not rely on the statement 100% .
The market has been affected by some rumors that the market is negatively affected or the important answer is that the digital currency field is still at the beginning and will know a lot of the necessary developments waiting for this You must check any deal before and enter the information from reliable sources.
I wish everyone success .