BTSBTC
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 POSITION IN BTS / BTC
We have signs of profitability if the price stays above the trend line. The browser of the macd points us to go long positions also marks us a positive slope. The vomunen of the cryptocurrency has increased in favor of a change from bearish to bullish trend.
BTS/BTC easy 100% FIBs add up so beautifully on this chart it's a VERY good indicator for me. I am definitely a buyer on this one. Careful of the square up (circled on the chart) and protect your profit, there is alot of levels that can be considered dangerous on this chart. Move you stop loss up as the price go 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 Might moon soon. Here's why:We have multiple signals pointing to another pump
1. As we can see , there is a large cup & handle forming on the daily.
2. The last dip ended with a strong reversal candle, confirmed the following day and today ( the hammer candle)
3. We see the same pattern forming as the last time it mooned.
Trade opened at 30021 , target 1 8000 stop loss - a close bellow the hammer candle.
Good luck!
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
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.
$BTS BTC Bitshares Bitcoin Breakout going strongJust documenting things as I go. Cant wait to see how this one plays out
bts is long
Bitshares
decentralized exchanges
i think probebly bts are uptrand and have good profit.
deal your own responsibility for each trade.
