BTS
Bitshares (BTS) BreakoutINTERPRETATION
BINANCE:BTSBTC Elliott wave 3 bullish run possible.
BUY SIGNALS
-T&K bull cross
- Price-T&K bull cross
- Price-Cloud bull entry & breakout
CAUTIONS/CONFIRMATIONS
- Wave 3, 4, 5 target extrapolation incomplete
POSITION
Entry @ 4000
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.
Long or Short? Mid I will go Short - Long term I will go LongYou can wait to buy BTS at a Lower price to increase the profit, but you can also miss the Long train. Your choice.
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.
BTS / BTC - Get ready to buyBTC is going to fall. This will create a panic movemement for all alts.
BTS is a good and stable alternative to BTC - I think that a lot of BTC holders will trade BTC for BTS
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
BTSBNB Binance trade complete, looking for the next move.I expect stagnation and a slight dip in btc over the next few hours and BTS I assume will follow.
Bitshares BTS breakoutBitshares reached support zone and will now bounce between .236 fib and support zone until it breaks out.
BTS going up! - min target? 0.57A lot of things seem to be going up.... looks like a barrier triangle.
lets see
bitshares - heavy metal correctioncorrection could go down as low as .000022 btc area but i think it could almost be over...
BTS/BTC long-game—Buy zone 3100-2200 SATSCrypto is volatile. I don't envision a situation where BTS pops to ATH without a more significant retrace to test earlier levels. A BTC bull run will have BTS testing lower levels. From a USD perspective BTS is a fine buy right now but an be leveraged with a BTC buy.
Also, people, let's start using the BTS platform. The future is here already!
GL!
peak
