BTSBTC high risk reward vertical ascent (speculative)Looking at the current and past price structures of BTS/BTC they are strikingly similar and are even on the same BTC levels. We all know history tends to repeat itself.
Bitshares
BTS still going upI think it's a good strategy just to hold BTS because a global trend is not broken. It's still going up.
I'm in love with Market cicles... and now, here come to $BTSnew good elliot wave start on BTS... good profit potencial for strong hands
BitShares BTSBTC - Long Setup D1Use fib lines as targets - both time and price analysis are available on the chart.
Measure fib zone 1 to fib zone 2 to determine a time estimate for the formation on the right side of the cup chart pattern within fib zone 3 to fib zone 5.
RSI shows plenty of action on the upper +50 range, indicating bullish bias.
MACD shows fresh momentum.
No volume divergence.
Double bottom pattern shows minor correction is done.
EMA bounce up, no cross.
READY TO GO.
Bitshares well positioned for increased interest in DEX With all this talk of hacked exchanges it's fair to assume more interest/capital will start flowing into the DEX space. BTS/BTC has been forming a textbook cup/handle pattern for the past few months and just broke the channel to forma new higher low signaling the start of a new market cycle. Watching this one closely but the risk/reward is looking mighty fine.
Bitshares - This coin will wo wild in 2018! [Buy Opportunity]I strongly recommend to buy Bisthares.
It is a young pretty solid project with enormous potential and it is offering a whole stack of financial services for the blockchain world.
In my analysis it has a big grow potential too, referred my chart structure, indicators and previous highs and with this, very good looking fibonacci levels.
Targets are:
1 | 0.00004316
2 | 0.00006857
3 | 0.00008911
4 | 0.00010965
5 | 0.00013889
6 | 0.00017614 | old all time high
7 | 0.00028371 | new all time high <— Fib. 1.618 extension
Also it is a recommended portfolio pick by the early January palm beach confidential report.
When BTC & market correction is over we will see gains, expect truely massive!
... and watch the targets ;)
Relax your life and get what you deserve.
Bitshares - breakout of correction triangleI think it's very likely Bitshares correction is over for now! If you zoom in to 4 hour and 2 hour charts you can see the elliott waves impulsing up.
Bitshares is growingBitshares is a very good project which really works. You can download their application and start trading. I'm absolutely sure that this project is going to have a very bright future. Such coins must be bought and hold and who knows how much they can bring you in a long run.
Very conservative medium time TP is 6000 sat.
Long TP - 13800 sat.
update to BTSnice movement last night, check previous post for more in depth analysis.
time to accumulate more before this goes UP
BTSBTC / Bullish Long Term Trend - 4H Elliot Wave AnalysisBTS/BTC looks like a very text book Elliot Wave progression. The current price movement is in the initial motive wave of another 1,2,3,4,5 pattern. Remember these patterns are fractal and this idea is charted out on a 4H chart. Price could experience these same wave progressions on smaller time scales 5M,15M,60M. If you keep track of the major wave in progress, you should be able to make some nice trade setups on the smaller time scales. The prior pivot points become key levels for corrections before continuing on in bullish price movement.
I like to have a big picture perspective of a coin pair before I start looking for a shorter term position. This is a good example of having a big picture idea on what price is doing. If price is behaving with the big picture then paint your day trades with it. Let the market work for you not against you.
-Jared
BTS USD pair bullish future. #bitshareslong term projection.
only price has been projected, not time. But i think this time frame is fair.
wave 3 to begin
Bitshares BTS breakoutBitshares reached support zone and will now bounce between .236 fib and support zone until it breaks out.
BTS new Moon cycle!bigger picture of what is comming next. clear fib retracement and new Elliot Wave incoming
bitshares - heavy metal correctioncorrection could go down as low as .000022 btc area but i think it could almost be over...
BTSBTC - Daily Chart "Cup and Handle or not?"Should be retesting blue curve, the prior larger fractal could repeat thus invalidating a cup and handle (handle should be in making now then). If we break blue curve strong odds that we are not making cup and handle for higher levels and the previous fractal repeats.
Good luck trading,
-TheTrex
BitShares Cryptocurrency Technical AnalysisThis is my first public post on technical analysis, I would still consider myself a beginner to Elliott Waves. Any feedback would be appreciated. :)
BTS to head up to HIGHER highs after this consolidation is overBitshares is consolidating after a great run up to ~90cents and consolidating to near terminal end of WAVE 2.
Based on its history and fractal past wave 3 tends to be and extended 3rd wave of a 3rd wave extension, which basically means its going to move up unlike other coins do during their 3rd wave up.
Normal fib ratios of 1.618 to 2.618 will be surpassed to extension height of nearly 3.618 x the height of wave 1.
During a wave 3 extension of 3rd wave extension here are some characteristics and clues to be looking for while its making its run up:
Extension characteristics:
-sometimes the subdivisions of an extended wave will be nearly the same amplitude and same time (unit) duration
-this will appear on the chart as a 9 wave series of movements vs the traditional 5 waves (since there are embedded subwaves to a lesser degree of trend within their greater whole)
**in stocks typically "extensions of extensions" occur most often within 3rd waves VS traditional commodities bull markets tend to see extensions of the 5th wave (also uncommon)
IN cryptos tho, extensions of the 5th wave are no stranger. So maybe we will see an extension of the 5th wave....which doesnt really matter as an extension of either wave 1,3,5 should yield 9 total waves.
mind you, time is not necessarily predictable and so this price climb could happen as soon as this weekend or move into next week or beyond
$BTS Buy ZoneBitshares just landed back on the trend line, providing us with entries before the big pump.
I will update later with my target
