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BTS

BitShares Beating BitcoinOn the 24th of June, BitShares found the bottom at 1980 satoshis, where it has rejected cleanly 78.6% Fibonacci retrenchment level. Then price went up and broke above the 50 Moving Average and the descending channel, reaching 2800 satoshis high. On a corrective wave down, BTS/BTC retraced down to 2500 satoshis area, where it rejected the 61.8% Fibs level, along with the 50 Moving Average and the descending channel, all at the same time. Price continues to produce higher highs and higher lows, and considering all this price action, the uptrend is very likely to continue. Strong resistance is seen at 23.6% Fibs, that is 3630 satoshis level, which corresponds to the 4/1 Gann Fan trendline. Break above this resistance could be confirmation of the long term uptrend continuation, which might result in BTS aiming for the new all-time high.  At the same time, it is important to watch 2400 satoshis support area, because break and close below would invalidate the uptrend and the range trading or even a strong move down could take place.
Long
by CryptoPAMM
BTS - Bitshares - $1k to $100k Challenge - Day 1 Trade 1Here we go! I am going to attempt to turn $1000 into $100,000 trading altcoins by the end of this year. This will be fully documented trade for trade here and on my discord group. Why am I doing this? Why not!?! I think this is something that can be done and be fun to try, and I love a good challenge. BTS has solid support at 2500. Small correction from 2830 looks over looks ready for another spike in price. Day 1 Trade 1: Going with BTS here, all $1000. Bought: 2325 @ 2580 satoshi 3874 @ 2581 satoshi Sell target: 2710 for 5% profit Stop loss: 2450 Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
BLong
by redking75
32
There is a trading opportunity to buy in BTSBTC Technical analysis: . BITSHARES/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 59. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . The price is in a range bound and we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone (0.0000195 to 0.0000129). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0000195) Ending of entry zone (0.0000129) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000260 TP2= @ 0.0000316 TP3= @ 0.0000470 TP4= @ 0.0000590 TP5= @ 0.0000710 TP6= @ 0.0001020 TP7= @ 0.0001760 TP8= Free
Long
by ForecastCity
There is a trading opportunity to buy in BTSBTC Technical analysis: . BITSHARES/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 59. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . The price is in a range bound and we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone (0.0000195 to 0.0000129). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0000195) Ending of entry zone (0.0000129) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000260 TP2= @ 0.0000316 TP3= @ 0.0000470 TP4= @ 0.0000590 TP5= @ 0.0000710 TP6= @ 0.0001020 TP7= @ 0.0001760 TP8= Free
Long
by ForecastCity
Bitshares VS Bitcoin Hitting The SupportToday Bitshares has reached 4/1 Gann Fan trendline, which at this stage has been rejected cleanly. Another major support is 161.8% Fibonacci retracement applied to the corrective wave up after breakout of the uptrend trendline. This is 2300 satoshis level, and previously price has rejected it. Perhaps the confirmation that BTS/BTC has found the bottom, would be the daily close above 2300 satoshis level. Then it is likely that the price will start moving up, potentially towards the upper trendline of the descending channel. But, if Bitshares daily close will be below the Gann Fan trendline, then the downtrend might continue and BTS/BTC could reach the 88.6% Fib support at 1700 satoshis area. Overall it is important to watch the low produced today, that is 2220 satoshis.
Long
by CryptoPAMM
2
BTS Long Term Wedge AnalysisHello! As per my XVG chart (referenced below) you can see we have touched the same level on our RSI despite being on a downtrend. It wouldn't surprise me if we saw BTS lazily drop back to the 0.618 low we've seen previously from the price action, but if alts move into being bullish I'd hope for an upper break followed by a climb to the 4600 range. I'd be waiting on a buy in until it pulls away from the lower trend line. Feel free to join in on the discord for conversation and ask to be added to notifications if you'd like to be notified of posts. The link is still available on my profile, good luck trading!
B
by thomas58700
$BTS #Bitshares - CUP & HANDLE - Entering the rockets!!! Hello Lads and Ladies, Toady we are taking a look at Bitshares - BTSBTC. On the daily chart it seems tobe forming a huge cup and handle formation. We are going to take a look at what is happening and what possibilities are there for BTSBTC. Basically, as every other coin in this space BTSBTC has seen a humungous push in December of last year. Taking this push into consideration we apply the fibonacci retracement. These lines of retracement have been respected very well throughout the whole period of time. As well as the middle in between of each of these lines have been playing a major role as supports and resistances. The starting point of the neckline is the beginning of February, when BTSBTC started a very heavy downtrend falling from 4000 satoshi all the way down to 1500 satoshi, where it has found its key support. Hitting this key support 3 times, it has started a beautiful rise up towards and over the 4000 satoshi line making almost 150% gains. Of course after such a huge push there has to be a health pullback which we are experiencing right now. Looking the chart formation pullback is the handle of the cup and handle formation and has been extended unnecessary due to the whole market taking a blood bath lately. It is very likely that it will continue to the 78.6% fibs line, since it is very near to it and would have a beautiful level of support from where it could make a big bounce and leave the handle and with start rocketing above the previous high of 4000 satoshi and also targeting the 6525 satoshi line. Taking a closer look at it we have to consider a second more bearish scenario because of the extended handle, which was failed to be left at the 61.8% fibs line. Based on that we have to see a big scale bounce to at least the 61.8% fibs line staring from the 78.6% fibs line. Otherwise, we will most likely see BTSBTC heading towards the key support of 1500 satoshi line, where it will most likely make a very huge bounce. Looking at the RSI I personally believe at a the bullish scenario after coming to the 78.6% fibs line. RSI is right now at around 45 points and would be in the 20 point area if it came down to the 78.6% fibs line pretty soon, from where it would have the best position to start the anticipated huge push that we are looking for. Anyhow, during the push I see it breaking the 61.8% fibs line, coming back to it and then continuing the push towards and above the 4000 satoshi line. Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins. Fell free to request TA for ANY coin you are interested in!!! Cheers, Tomas
Long
by KongTrading
4
Bitshares - correction analysisWyckoff theory says that after a decline in price (usually 5 waves down) you enter the accumulation phase. BTS shows this very clearly before the last bull run. We had a small accumulation phase followed up by a markup phase, distribution, and now mark down. I think we have a little lower to go but after we finish this I expect another accumulation phase with possible new ATH. July 4th - 18th would be a key time to watch out for movements in price.
POLONIEX:BTSUSDLong
by lemonsandshade
6