BTSBTC - Daily Chart "Cup and Handle or not?"Should be retesting blue curve, the prior larger fractal could repeat thus invalidating a cup and handle (handle should be in making now then). If we break blue curve strong odds that we are not making cup and handle for higher levels and the previous fractal repeats.
Good luck trading,
-TheTrex
BTSBTC
BTSBTC - Buy opportunity for a good r/r ratio 1. Daily trendline confirmation
2. slight volume increase
3. overall uptrend
4. Just feels right
BITSHARES On a Wave Up? (LOW RISK)If you were a member for over a month, you already are invested in this coin and made some significant profit.
For everyone else...
We see this coin as a good investment if you don't have a better option. Not too encouraging, right? Not at all! We love this coin but we understand that better coins are available to invest in such as DOGE, BYTECOIN and a few other one's available for members.
BTS another wave up!BTS just bounced from MA and showed strong support at 4.2K sats area bouncing fast and strong. Indicators are confirming reversal and this is a strong buy right now.
Targets are 100 FIB level, 131.8 and 161.8
BitShares(BTS) Long-term Buy and Short-term trade opportunities.This is a long term buy and hold or short term trade both appear to have great potential. BitShares finished a full retracement around mid-december and has recently started trending back up. RSI also confirms reversal on 1H chart for short term traders. MA 100 is holding support on the current trend line. i believe that now is a good entry point assuming that the price will bounce from the current trend line . This looks like a great long-term trade opportunity.
This can also be used as short term trade based on the current trend
short term trade targets:
Entry: 0.00004500
Stop/loss: 0.00003500
Target 1: 0.00007000
Target 2: 0.00009000
Good luck traders!
Bitshares Long PotentialI got some Bitshares long ago and am seeing another wave potential to recoup its past negative correlation. The potential for a market breakout seems inevitable at this point. This is especially true looking at its popularity on Poloniex. I said this in January 3rd, and I will say it again two days later. The long term potential of Bitshares as a decentralized exchange as well as its given value seems likely on a positive upswing.
BTS HeroBTS Hero has shut his mouth, broke out of consolidation mid december after breaking downtrend in OCT-NOV.
This is a long-term hold for me.
Why?
Functional Decentralized Exchange, and extremely quick. can handle 3300TP/s, median confirmation time is 1.5 seconds, over 100X times faster than BTC, quicker than DASH, ETH, Cash, and LTC. It can handle over 285 MILLION daily transactions at a cost of 1 cent per transaction. Blockchain can handle close to 1 million operations daily. over 20 million blocks produced to date. BTS is leading decentralized exchange sector, and once it grows can beginn to take market share from centralized markets such as Bittrex and Binance.
Decentralized exchanges will be one of the big things in 2018, next to MJ, masternodes, new hashing algorithms, real ICOs, anonymity, zero fee coins, atomic swaps, and more.
BTS seems to have been working on their stuff on the down-low, more focused on the foundation before scaling.
This says a lot about the team, this is clearly a long term project.
BTS is in my core holdings for 2018.
Bitshares starring in CUP-CEPTION - Target: 16000 SATS!Bitshares has been a juggernaut ever since it hit rock bottom in October due to being delisted from Bittrex. In two short months Bitshares has gone from a low of roughly $0.045 to a whopping $0.80 as of writing! That's a gain of ~1700%!!
So where will Bitshares go from here? Well, it's already completed a cup and handle on BTSUSD and broken out of an ABCDE correction as we explored in
This also coincided with the completion of a cup and handle on the BTSBTC pair. However, there is also a much bigger cup and handle in play which will see Bitshares rocket to at least 16000 satoshis, if not to 18000!
This is going to be one hell of a ride!
BTSBTC Market ReviewA daily summary of the previous day’s market activity and review of current state of market on Cryptos.
Analysis
Daily Time Frame read
On the daily TF after the price breached the green ray we are in overall buyer’s territory and I could see the momentum dead completely when after retracing 100% and then I thought of entering the trade once I don’t see any HH but price made a HH and shoot north. ATM I can see there is a disturbance or indecision between the sellers and buyers. I don’t have entry rite now with the Daily chart let’s see how 240H transactions are going on.
240H Time Frame read
On the 240H after price breached the orange line we can see some selling pressure coming up and bears are not giving any chance for the bulls to gain some momentum now buyers are struggling to make HH and not making it up to the mark. I can see a wick on the bottom giving me a sign that buyers are not willing to make LL. I don’t see any buy right now in 240 also unless and until the price challenge the next high i.e 0.000065 Sats.
Entries, Exits
There is no logical reason right now to short or long.
Aggressive Entries and Stop loss
Noting there at the moment (ATM)
Conservative Entries
Noting there at the moment (ATM)
Risk Management
• If you are an aggressive trader you can risk 2% of your capital on this trade.
Tight SL below green ray. Position Size should be calculated based on 2% of the capital/SL by Sats.
RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm.
HODL overnight not more than that because BTC market is speculative atm.
• If you are a Conservative trader you can risk 1% of your capital on this trade.
Wider SL below the wick under the green Ray.
Position Size should be calculated based on 1% of the capital/SL by Sats.
RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm.
HODL overnight not more than that because BTC market is speculative atm.
Trade Management
Noting there at the moment (ATM)
What can go wrong with the market?
If I enter the trade now based on the 240 analysis then sellers know down aggressively then I will lose all my positions.
Psychology
Relax, Meditation, and Patience
Keep practicing the above mentioned three.
BTSBTC Long: PoloniexI am definitely sensing a long position for Bitshares on Poloniex. They have completed a wave before, and it looks like the potential of having another positive correlation wave again. While this is still a medium risk strategy, it still looks like a conservative investment with the potential of reasonable gains for a past 3 month holding. I believe you are right at the point of having reached a dip in price and the correlation will continue mostly positive for the first quarter of the year. (Invest in your own risk)
Bts next target (?)As we can see the bollinger bands showed an important volatility in the previous sudden move of BTS, where I also applied elliot waves in both periods (Jul), current one. As we can see in the current trend there's a high probabilty to be in the presence of an elliot wave cycle here. It had a long down trend since the last corrective elliot correctivity period, Hence we may see this new elliot wave coming true.
Target: 1. 4500 satoshis
Target : 2. If it goes above 4700 sats it's very likely that we see a higher impulse in this wave. Setting target 2 at 6200 satoshis.
Thoughts?
I'm placing buy order at the range of 2700-3000 which is the correctivity period of the current impulsive wave.
Hope you find it useful, have safe trading !