In my opinion bitshares looks bearish.
Although the bts/usd shows an ascending triangle, bts/btc is making a rising wedge with multiple resistances:
In fact I just wrote a whole article about it.
@haejin also made TA with Elliot waves on it, saying that it could go to 0.16$
On the other hand SYS made a nice double bottom 😉 but now it has many long top wicks
I never try to predict short therm prices. I think it’s just a speculation. However, If you are right and BTS goes as low as $0.16 I’m buying additional 10k of them and keep it until it turns in to what I expect from BTS all along. Based on what I think, I expect a LONG term increase. I believe in worst case scenario in about 5 years the price should reach $0.7. With a 5 year investment and If I’m lucky enough to buy it at this $0.16 price you expect, the revenue would be around +- 430%. Your current $1000 investment may turn in to $4,300 in 2023. I’m taking it in a heartbeat. If we don’t get to $0.16 I’m happy, because I’m already invested in BTS.
By short-term I mean a few days to 1-2 weeks. If I can get money glad to "speculation", then I like "speculation".
It will reach 0.7$ way before 2023. Its ATH was 1.03$ on new year eve.
Good for you! I mentioned the worst case scenario. No one knows where it gets in 5 years. I just wanted to show you potential worst case scenario profit. Hypothetically.
Please notice the accuracy of my "speculation" 😜