BitShares (BTS) Update: Attractive Buying Opportunity Approaches!!

in #busy3 years ago

SUMMARY

BitShares (BTS) is not a crap coin! One thing for sure is that it's not declining because BTS is a bad coin or a dead coin..not at all! It's called a correction. And a healthy one for that matter! My personal impression is that not too long from now, most cryptocurrency exchanges will be run on the decentralized platform. In fact, most exchanges, including the NYSE, NASDAQ, Nikeii, Kosdaq; etc, will be running on a decentralized blockchain platform which could become the golden standard. It would be priceless to see such a transformation of transparency!

The below chart contains slight updates to the prior Elliott Waves of the correcion that's in progress.The red a,b,c waves could be in based on the subwaves...however, this correction is too fast. It doesn't adhere to the "Hurry Up & Wait" syndrome of the Altcoins. The impulse waves (1,2,3,4,5) almost always completed with rapid movements and the corrections are near guaranteed to be slowere than molasses flowing uphill, outdoors in Maine in the middle of January! Yes, that slow with grueling churn of price at a slower pace than an ant walking a mile! So, I well expect this down wave to bounce and likely morph into one of the 36 corrective combinations.

This chart provides more of a bigger picture perspective. The Cup & Handle pattern is quite visible and how the current correction fits into the pattern. If the prior five waves (i,ii,iii,iv,v) represent wave 1 of a higher degree of trend; then the subsequent red a,b,c then represents the wave 2; it woudl naturally mean that wave 3 is in progress and the current rise and correction represents 1 and 2 of higher degree wave 3. Now that's exciting! The MACD shows a bit of oversold zone so a bounce could be visible.

Legal Disclaimer: 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.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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BTS

This is very painful

@kimjongpoo is coming for you!! image

So is now a good time to buy BTS?Or should i wait at least a week?

I'm seeing how @aloha collateral is burned and I feel pain.

AriseBank CEO Jared Rice has confirmed announcement will happen today of buyout of 2 banks. If you have bts HOLD and stop selling. If you have reserve coins buy bts now before the boom.

i like bts but what about this
https://medium.com/@aenigmacapital/investor-warning-arisebank-ico-strategic-partnership-with-bitshares-is-a-scam-96b8b473a61d

lets do some digging. that was only 1st page of a google search lol. Seems like scammers are trying to take advantage of hype. I like bts idea but if they are involved too I might, heck I'll probably still trade it because none of this shit means anything. We all speculate on price and could care less about any fundamentals. 95% of coins have no fundamentals anyway, barely even got working mvps or profit producing products.

Time will tell regarding ARISE. There are enough people claiming "scam" without evidence. These guys want/need to hold their info close to the vest and as a private business, they are entitled to. I can see how a community built around open source would react negatively to this strategy but at the same time, let's give them a chance and see if they can bring other assicated businesses up with them. I won't buy the coins from their ICO at $1.45 but I will buy them on the secondary market after all this FUD hopefully drives the price down and they show some actual working product.

Ouch. Thank you for this... very sketchy. .. And I was just about to buy some today. The article doesn't say much about BTS other than they openly state they plan to "do business" with these aparrant frauds. That doesn't reflect well on Bitshares, imo

HODL BTS!

U5dscRmUjPzQFcUWdMN9Vt1npkXMy28_1680x8400.jpg

I'm so happy the price has come down so much. I had FOMO after selling way too low and now I'm back into a MAJOR position!

HODL HODL HODL HODL !!!!!!!!!!!!!!!!!!!!!!!!!

I am buying more BTS at 15 cents

haejin TA is like this pile of poo!!
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haejin TA is like this pile of poo!!
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haejin TA is like this pile of poo!!
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haejin TA is like this pile of poo!!
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haejin TA is like this pile of poo!!
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haejin TA is like this pile of poo!!
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Looks like a great opportunity to buy more. thanks for the update as always!

Slower than asmatic ant walking uphill.....carrying heavy shopping!

This is a surreal opportunity to buy BTS! If I knew how to invest fiat money into it, I'd buy thousands of dollars worth of it today!

Thanks for the heads-up anyhow... Namaste :)

www.coinbase.com

Why don't you just get some crypto that is easier to acquire with fiat, and then trade those for some BTS? ^-^

it is easy....

bitshares.org
try online exchange
create account
click account name
click deposit
select btc or whatever
wait for ur funds to arrive
go to exchange
select open btc market tab
click BTS on the tab
buy dat shiit

Getting BTS when you first have a crypto is easy enough. OP said he was missing a way of going from fiat money to BTS though. Then getting another crypto from for example Coinbase first seems to be the way to go. Soon we will probably be able to go directly from fiat as well, with Arisebank joining the BTS team.


wow.jpg

Sorry if I'm missing something, I'm tired, but,
How do you get 700+ ATMs in 1100 locations?
Anyway .. YAY Bitshares !

I hope they get 100 coins over there , then people will join !

Yes a bigger market is needed (bts volume is good) but it also offers things you can't get anywhere else.
Collateralise BTS for bit.usd loan and buying more BTS with it as a for instance. Time that one right and your laughing.
I'm sure smart traders will make bucks and move over.
Personally I'd like it to do well so the benefits can become a bigger part of my day to day portfolio and trading strategy.

What would be the interest rate on that loan ? sounds amazing !!

You are risking your BTS against market movements so there is that to consider.
I'm not going to try to sell the ideas here.
Probably best to take a look see in the help / guide.
Quite the eye opener.
http://wallet.bitshares.org/#/help/dex/shorting]

It’s interest free but if you do it just realise what you are risking because it’s very easy to move that collateral slider and get your self a maximised loan. I’m holding on by a thread right now..

Informative ! Thanks for your great effort for making this information! I will buy some . But bittrex is not providing buying service now .

@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
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Implosion is imminent:

To the moon! Thanks Haejin :)

Implosion or explosion ?

Implosion means that the matter is first "sucked in" (like a correction in crypto sense) and then massively explodes (like a coin going to the moon)! :D

Let's hope the explosion starts soon !

@haejin I dont know. TA skills are impressive. But is this the case of TA of like in the 90s' any stock u picked was bound to go up.

Where was TA during 14k showing EW correction all I saw was 17k or 23k btc. I guess Every triangle does not break Up as shown in every TA triangle TA post.

My observations

Who is ALOHA 11 Millions $ margin called of its bitUSD debt in the Dex right now?
Can someone lend me 33 millions BitShares to swallow this overprice sell order?!!! :) Who is Aloha a private…Screen Shot 2018-01-16 at 18.36.18.png
https://steemit.com/bitshares/@buckland/who-is-aloha-11-millions-usd-margin-called-of-its-bitusd-debt-in-the-dex-right-now

Muchas gracias por la información

Thanks @haejin you are really the rarest post that i have seen suggesting us to buy because it's really excellent buy opportunity..... Just because of prices going low don't do panic selling because it's rightly said

'Either you take risk and be prosperous or be secure'. I would suggest to take risk and be prosperous rather than just being secure!!

Careful Haejin, almost sounded like some fundamentals up there :P

@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
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Thank you haejin! Holding to bts, and it's good to have something positive among all the FUD today...

please what does FUD mean

Fear Uncertainty Doubt
Basically any news that gets investors worried so they panic and sell. Seems to be working.

Buy now or cry later....!!!!

It seems like Capitulation of Blow Off Phase -- I would retrace to the EMA 200 on daily chart to find the target price.

As always, excellent market analysis

I bought already, and will buy more bts. I remember you forecast $342. Strrrong hold))

Dont really think its a cheat coin either

Thanks for the update.. 👌

Upvoted and Resteemed!

Thank you, I love bitshares and I hope they will be huge in the future.. I only have a few but that doesn't change my dream for it.. I hope these few can bring my dream come true.

So is the price 0.30$ a good buy or will it go even more down?

This is all new to me but I have been considering bitshares as I believe it would be faster doing transactions. im wondering how to get past the slow transactions with Bitcoin right now. Total novice really so any advice very welcome. Think i need study some termonology to make sense of it all lol

Cheapest and easiest way might be to buy Litecoin and send it to bisthares using Blocktrades, which will automatically convert to BTS for you. The Litecoin transaction will show within minutes, and necessary 6 confirmations within 20 minutes ! oh and its cheap !

Thank you for your update. Keep it up!

didn't you say that yesterday? might be more attractive about 30per cent lower..

Did I? My bad

HODLing BTS. Hopefully by the end of this year we will see the true potential of BTS.

Looks like Haejin’s accuracy figures just went down from 80-90% to <50%

Looks like Haejin’s accuracy figures just went down from 80-90% to <50%

week ago you was drawing TOTALLY different chart. So looks like events drives price not price, yeah? :D

Master says "Prices drive action not the other way around"
This dump is temporary and not ppl loseing faith in BTC.

Bitconnect shut down and scammed

BTC Short Contracts expiring tomorrow (USA)

Overseas news shutting down exchanges

This is a great buying opportunity.

There are no Short contracts on the Futures markets yet !

I am gonna HODL, but this is gonna hurt.

My only concerns are is that if this is a high degree wave 4... it is already impeding upon the territory of wave 1. Anyone have thoughts on that?

More great work from Haejin, i wonder if Bitshares may drop even further?Not to mention every other coin right now...

It will likely follow BTC, so if BTC is tanking it will drag BTS with it. keep your fiat ready to jump in, BTS is a good coin to get behind

I have some ltc that I bought at 100 should i switch it out for some BTS? I know LTC is a winner long term but sounds like BTS is also. Thanks for any advice/suggestions.

Hi, thank you for everything you do!
Can you please update XVG and TRX
Thank You

To have dream is fine and what if the dream is materialized?

@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
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very impression your post, I really like, I want to like you what is its secret?

if you wish please visit my blog, i need your support .thank you https://steemit.com/@muliadi

@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
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if only you were not shouting about that big wave 3 ... i would have sold .... and that would have been great ... lol

@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
image

Everyone does realise there’s so much confirmation bias dont they? If he keeps calling for coins to go up from points where they’re obviously low and in correction, they will eventually go up because there’s nowhere left for it to drop. I can just repeatedly call for coins to go up and ill be right because eventually they will - days, weeks, months, years down the track they will.

But no one mentions it or calls him out when it goes the opposite way of his calls. They just say “Oh yeah, it’s all just part of the correction - he doesn’t have a crystal ball you know”. But then when it goes up - “he’s a genius!”

Where was his call that we were at the terminal end of a wave 5 with nearly all the altcoins and it was time to bail? He often says that best time to sell is terminal end of wave 5. If he’s such a master of TA why couldnt he see the obvious snowball rolling down the hill towards us?

Either, 1. His TA is really not that great. 2. He’s playing us all for fools. 3. He’s just stabbing in the dark in a bull market.

@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
image

@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
image

i think the end is near :))
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@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
image

@kimjongpoo your smell is disgusting

so when will it hit 0.11$?

Volume does not confirm H&S pattern.

Hahah the first thing I see is: "Bitshares is not a shitcoin" lmao.

this poo definitely stinky! smell that? its bullshit.
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and he only votes on himself!! not you ignorant followers!!
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haejin TA is like this pile of poo!!
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and he only votes on himself!! not you ignorant followers!!
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haejin TA is like this pile of poo!!
image

and he only votes on himself!! not you ignorant followers!!
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BIG ANNOUNCEMENT COMING FROM ARISEBANK TODAY!!!!! JARED RICE HAS CONFIRMED!!!!!!!!

THEY WILL NAME THE 2 BANKS THEY ARE IN PROCESS OF BUYING

1 RETAIL BANK

ANOTHER BANK IS FOR TRADING ON THE DEX!!!!

UPVOTE AND RESTEEM THIS POST....EVERYONE STOP SELLING AND HOLD DAMMIT!!!!

if this comment gets downvoted you know what to do!!!
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I keep buying BTS man, just I should have waited, never saw a drop to $0.30 coming...!

They were suppose to announce it on Sunday, Monday the latest. I really hope the follow through.

STOP SELLING AND START BUYING GODDAMNIT! And put on a spacesuit cuz we're going to the moon!

@tt-dogg I keep reading AriseBank is a scam so not sure what to believe. If it's not this s very good news for BTS

So is now a good time to buy BTS?Or should i wait at least a week?