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BTSBTC

Quick and dirty outline of wavesJust some quick and rough sketches: import targets are 3600, 4200 and 5k. Now, let me be the first to say that I don't believe in predicting targets this way. First of all, BTCUSD is too twitchy to make accurate predictions at the moment. Additionally, it's all about counting waves and subwaves for me - these Elliot waves will be adjusted and re-adjusted in the upcoming days. Once first waves become more clearly defined and clear pivots appear I can start overlaying fibonacci levels to see which hypothesis works best on what's already manifested itself. As is at the moment, there's not enough info to do more than this type or roughing-things-out. Either way, I'm think we might be seeing a nice drawn out triangle for the first day or so, going into wave 2 of 2 of 2 of 2 :-) After that, I'll have more to go on.
Long
by thomasvandenabeele
Nicely on track!BTSBTC behaving pretty nicely, despite bitcoin movement destabilising things temporarily. Given previous pivots and final (dark blue) 5-wave structure of the C leg of the ABC correction, it looks like a 0.5 retracement for 2760 is plausible. We could go deeper of course - golden zone between 0.618 and 0.65 retracement remains a statistically probable zone for reversal, but given the evolutions in BTCUSD I wouldn't be surprised if we reverse at the 0.5 retracement, or even a little before that (the 0.5 retracement often shows a "front run" movement). After that we should hopefully be seeing wave 2 of wave 2 of the larger degree trend, which is the big push upwards. Fingers crossed!
Long
by thomasvandenabeele
2
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 Cup & Handle - Sell target around the ATHENGLISH : If we see a clear reversal on the cryptomarket (i.e. BTC price action goes bullish), we'll most likely see this idea getting confirmed. The entire pattern is there, the handle is a bullish falling wedge. The sell target, depending of when it breaks out from the wedge, will probably be around the ATH, as shown by the projection. OBV indicator is showing accumulation (descending price and ascending/horizontal OBV). PORTUGUÊS : Se acontecer uma reversão de tendência no mercado (ou seja, caso o preço do BTC entre em alta), nós muito provavelmente teremos a confirmação dessa ideia. O padrão inteiro está aí, a alça é uma falling wedge de alta. O alvo para venda, dependendo de quando o preço romper a wedge, provavelmente será em torno da ATH, como mostrado pela projeção. O OBV está mostrando acumulação (preço descendente e OBV ascendente/horizontal).
BLong
by MatheusFranco
2
Are we there yet?Clear 5-wave going up from june 24th to july 9th, but how deep will BTSBTC retrace? Will it be the black ABC to .5 which is wrapping up as we speak, or are we taking the red ABC down to 0.618, 0.786 or even 0.884? This one will be exciting to watch, as all of these levels have been significant pivots in BTSBTC's recent history... Argument for 0.5 retracement: there seems to be a complete ABC in place already. Then again we might go for ABCDE. Argument for 0.618 to 0.65 retracement: golden zone, high statistical probability. Argument for .786 retracement: strong pivot points Argument for .884 retracement: given that this is wave 1 and 2 on a higher degree of trend, the retracement in this early stage of trend reversal is often very deep. Also, their is the lower support line on the daily timeframe that might suggest going down deep to .786 or .884 level. Exciting. Any input on why one of these retracement levels is most likely is welcome!
Long
by thomasvandenabeele
4
BitShares (BTS) Long positionLooking at BINANCE:BTSBTC on a macro level, we can see that it has had two prior breakout on exactly on the 200 day trend line. On the 1st of July, hints of a third breakout were shown with increased buying volume + June 30th was the exactly 200 days since the first breakout. If the 100 day breakout cycle continues and another breakout occurs, it will reach its peak in around 20 days. (Yay for making a first analysis prediction, lets wait and see if it pans out :D)
BLong
by Fujiang
6
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 Market UpdateThe BitShares/Bitcoin pair (BTS/BTC) started to show signs of bullishness in past April. With a bottom in place, buyers began to enter the buying scene. This started a strong rally from 0.00001782 to 0.00004438, on April 30. While the market has been retracing since then, this time could be a chance to buy the possible higher low. BTS/BTC dropped to 0.00002479 on May 24 and that was where bulls came to the marketplace. Their presence inspired a bounce to 0.00003817 on June 3. While the pair is currently correcting, this can be an opportunity to buy the confirmation of the support. BTS retraced to the 78% Fibonacci level, also near the lower Bollinger Band, at 2350 sat. Yesterday it closed above that level and currently is aiming the purple moving average at 2587. The strategy is to trade the retest, or, to buy the confirmation of support as close to 0.00002300 as possible. A retest refers to prices reversing direction after a break and returning to the breakout level to see if it will hold. In the case of a break to the upside, for example, after the initial wave of buying has run its course, prices may stall and trigger very short-term profit-taking selling. The tendency is for prices to return to the breakout level, which should now act as support and attract buying interest. If bulls can stay above this level, they may gather the momentum needed to climb to the next Fib level at 2797 satoshis. This idea can be invalidated if BTC trades below the 6200-6300 range.
BLong
by KiaCryptiola