BTS
BTS, good for one more spike?One of my favorite underrated coins/projects... Bitshares has been strong since April, nearly tripling in BTC price. Hidden bullish divergence is strong on the 1H chart as price consolidates in a symmetrical triangle, suggesting continuation of upwards trend despite the long term chart showing completion of impulse waves. This is a high risk short term trade with a high potential reward. Breakdown of triangle would potentially lead to a longer term correction before ultimate continuation of price rise.
BitSharesAfter some recent heavy volume, BitShares is showing some bullish signs moving towards $0.44 as the next point of resistance. If the candle breaks up and tests $0.36 as a support level, then $0.44 will be even more likely to be the next step. If the candle falls below $0.36 and it becomes a point of resistance, then I would be cautious as the next major support zone lies at $0.28.
I'm optimistic with BTS, but you never know what is going to happen next in crypto. The best thing to do is be cautious and stick to your plan and adjust accordingly.
Bitshares bullish formationBTS is currently in an ascending channel, after a sharp increase, giving us a nice bull-flag formation. Zooming out to the daily, we can see previous price action in the 0.00004700 area. I would expect for us to re-test that level. I see great potential in this project. Decentralized exchange/banking/financial services. Market cap still under 1Billion, it has room to grow. Do your own research, good luck
BitShares , A long-term trading opportunity to buy in BTSUSD.Technical analysis:
BITSHARES/DOLLAR is in a down trend and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 34.
Trading suggestion:
*The price is in a down trend, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone (0.1127 to 0.0438), if so , traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.1127)
Ending of entry zone (0.0438)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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 special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.2005
TP2= @ 0.3170
TP3= @ 0.4536
TP4= @ 0.5638
TP5= @ 0.6736
TP6= @ 0.9800
TP7= Free
Go, go Bitshares! This is a update of my other analysis of BTS. Well... BTS is about to break our great resistance. The indicators demonstrate that there may be (or not) a minor correction, before overcoming the green patern of resistance. After breaking the green patern of resistance, BTS should fetch some targets as I pointed out on the chart. Above the dashed line, if you can overtake, the target is free. See ya ;)
BITSHARES: NEW DEVELOPMENTS PROFIT = 33.44% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 33.44% PROFIT!!!
The increase in price may also be explained by positive developments including:
March 6: Current registered wallets/accounts within the Bitshares network is 802712; an increase of 11317 wallets/accounts since last week
March 6: Today, AEX exchange has just announced that they have issued GAT (Global AEX Token) on the blockchain of Bitshares. The cap of GAT is 100 billion. aex.com is the former btc38.com, which was the biggest altcoin exchange in China.
March 29: Bitshares Core version 2.0.180328 is released.
April 1: Rudex.org a decentralised cryptocurrency exchange using an Ethereum Gateway and based on the BitShares platform experiences rapid growth.
April 4: Huobi Pro cryptocurency exchange launches BitShares trading.
April 18: Current registered wallets/accounts within the Bitshares network is 875034; an increase of 17620 wallets/accounts since last week
April 18: HUOBI.PRO has listed Bitshares/USDT trading pair on their exchange following Bitshares/Bitcoin trading pairs added a few weeks ago.
April 25: Current registered wallets/accounts within the Bitshares network is 886825; an increase of 11791 wallets/accounts since last week
April 25: Liquidity on the Bitshares DEX has had a notable increase this week; Open orders on the Bitshares DEX have increased 37.5% from last week. BitCNY has also seen a 21% increase in issuance this week.
All of these developments and the rise in DEX's has led to an increase in the price of Bitshares.
Trading volume seems to be spread out evenly with a majority of trading volume occuring on Bitshares own exchange (BitShares Asset Exchange) with 21.93% of volume. Binance is currently 24.17% and Poloniex is 13.99%.
BITSHARES: UPCOMING MAINNET RELEASE = 33.44% PROFIT !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 27th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 38.46% PROFIT!!!
The increase in price may also be explained by positive developments including:
March 6: AEX exchange has just announced that they have issued GAT (Global AEX Token) on the blockchain of Bitshares. The cap of GAT is 100 billion. aex.com is the former btc38.com, which was the biggest altcoin exchange in China.
March 29: Bitshares Core version 2.0.180328 is released.
April 1: Rudex a Russian DEX that uses a Ethereum (ETH) gateway launches BitShares trading.
April 4: Huobi Pro cryptocurrency exchange launches BitShares trading.
April 18: Easydex announces their open beta launch of EasyDex.Net. EasyDex is a new company creating services and providing an interface for the Bitshares platform.
April 25: Bitshares lists on RightBTC cryptocurrency exchange.
April 25: Increase in trading activity on Bitshares DEX (decentralised exchange) by 37.5% from prior week.
Buying volume seems to be evenly spread out with the second highest transaction volume occuring on Bitshares own DEX (21.72%). Conversely Binance is sitting at 24.22% and Poloniex is 14.04%.
bitshares cleared for takeoffLoaded up on bitshares 3 days ago and some more earlier today. Glad I did looks like it will hit its target sooner than later. Once it does I will start to ladder out profits and shift them to other alts that are on the verge of triggering...only leaving my foundational long term holding percentage of bitshares in after i've laddered out a few different levels.
BITSHARES setting up for another leap.We have seen what looks like the recovery of cryptos, with the past week seeing consistent increases in value. This looks like the building of a major cycle 1st wave, and could be the beginning of a bullish run that should take us back to the december highs longterm, and beyond. (see below for a rough longterm forecast- Ceteris paribus)
LONGTERM:
BTSUSD ,TP1 hit with 60120941 profit. New Buy Opportunity...BITSHARES/DOLLAR
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
*There is still possibility of temporary retracement to suggested support line (0.2005) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "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 special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 7 BUY trade(s) @ 0.17904856(day close price) based on reversal candle (Valley) at 04.12.2018 .
Total Profit: 60120941
Closed trade(s): 6750011 Profit
Open trade(s): 53370930 Profit
Closed Profit:
TP1 @ 0.2005 touched at 04.12.2018 with 6750011 Profit.
Open Profit:
Profit for one trade is 0.26800011(current price) - 0.17904856(open price) = 8895155
6 trade(s) still open, therefore total profit for open trade(s) is 8895155 x 6 = 53370930
All SLs moved to Break-even point.
Take Profits:
TP2= @ 0.3170
TP3= @ 0.4536
TP4= @ 0.5638
TP5= @ 0.6736
TP6= @ 0.9800
TP7=Free
Technical analysis:
BitShares/Dollar is in a range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 72.
BitShares Double Bottom FormationIt seems that BitShares has found the support, while forming a double bottom at $0.118. The following wave up resulted in a break above the downtrend trendline as well as 50 Moving Average.
There are to resistance levels to watch, first minor resistance is at $0.17, where the downtrend trendline was previously rejected. Second major resistance is at $38.2% Fibonacci retracement level. This should be the key price to provide further clues on the price development. Break above that resistanace could start a long term uptrend, while rejection should result in more consolidation.
On a downside, break and close below the $0.11 support should invalidate short term bullish outlook and send price slightly lower or just extend the consolidation.
BTSBTC - Potential Bullish MovesAfter having a sizeable ABC correction after 5 very bullish waves up, I believe BTSBTC is looking good here.
Falling Wedge, Fibonacci, Bullish Pennant - After finding a bottom at the 0.88 fib level, BTS had a month long sideways movement out of the falling wedge and eventually have a small pump in early April to then consolidate and form a pennant, with a volume profile to match.
Daily Chaikin - After spending time underwater, the Chaikin Money Flow is now nearing the 0 line, showing increasing buy pressure.
4H RSI, 200MA - The 4H RSI is showing some hidden bullish divergence on this pennant. The flagpole shows a large spike in volume after breaking the 4H 200MA, overall BTS is looking good for now.