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RE: Bitshares (BTS): Updated Price, Indicator, Pattern & Waves

in #bitshares7 years ago (edited)

Full disclosure, I own both TRX, and BTS in my portfolio because I think they're both equally attractive. I'm not trading this correction with either coin. I'm taking Haejin's advice to be long term greedy, and take profits after a larger trend "5th wave" and/or "3rd wave" impulse, and of course - drop the entire bag if the 5th wave extends drastically.

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I took a risk and am trading both, but with small amounts. 😅

Think you could easily reload at the 38.2% retrace, add 10-15% to your position.

Yeah, that's what I did before this post. TRX looks promising but BTS is not so.

There's always the chance that an expected ABC turns into an ABCDE triangle and you're forced to reload @ a loss.

I'm really glad you noticed this too. I'm abstaining from taking action until I see the signs of a market reversal. In my opinion if the markets are still bullish it's not worth the stress of the trade right now. TRX may retrace 75% or more but I dont see it as being likely at all. In fact I don't believe it will retrace anywhere close to what XVG just did, and I had no problem hodling through that mess. I'm not even that bullish om TRX, but it is still very far from its previous ATH so growth should be fairly easy as long as BTC keeps moving up.

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