BTSBTC and BTSUSD price analysis and predictionexpecting much of the same as previous chart
only NOW I have extended the time frame to account for the sideways action.
who knows maybe my previous chart was still on track, but i think everything is goin to keep moving sideways until we see if bitcoin can recover from so much RED.
Btsusd
BTC/USDT To 5k??Back when we hit 6k, that was considered our resistance level. we bounced right off and uptrended back up. Now we face another down trend and seems we will be testing that 6k resistance again. if BTC/USDT breaks that resistance level, it should be our confirmation for around 5.3k-5.5k resistance. Then we will be done with our downtrend.
Bitshares BTSBTC LongCurrently bitshares touched strong support, from there, is increasing gradually the price, volume increasing, completed ABC, RSI is showing a positive divergence too. $BTS is preparing for launching so hard.
BTSUSD going down (Line drawing for amusement only)I see BTS going down, This is my unexperienced line drawings. 4hr down triangle, ema trends down, sell volume up, Price down (Except thse that bought in the .5-.1 range)
News: G20 summit wil disscuss regulation on crypto
Opinion : Govt intervention still not over on crypto
Conclusion: BTS going down.
Bitshare opportunityBINANCE:BTSUSD
Here is a potential good trade which has very good risk/reward ratio. On a daily time frame we'h got a big gap between Tenkan-Sen and Kijun-Sen forming a sea clamp(if you know a little about Ichimoku) that is eventually going to bounce upwards, could be in a matter of hours. The volume is increasing, look for the green arrow, The DMI and RSI is supporting upwards movement therefore a long trade. Entry above the green box about $0.30, Profit: between $0.45 - $0.58. Stop loss: $0.20.
BITSHARES YEAR END TARGET $3.00-$3.50! %1200-%1400 Profit!
Bitshares looks ready to break the correction phase of wave #2. We have completed A-B-C-D of the correction phase (also coiling pattern, or triangle). There is still the (E) touchpoint that has yet to complete, but also, may not. We could simple break out of our triangle here at (D) and continue upwards.
Either way, this is a long range projection target. Wave #3 would take us to about $3.00.
Correction wave #4 would bring us back down to about $2.20.
Final impulse wave #5 would then take us back up to about $3.50.
All of this should occur before year end.
Also, it is worth noting, should we have a major hack on a centralized exchange (more likely than not), decentralized exchanges like Bitshares will become extremely popular, increasing the probability that these targets will be hit and exceeded.
Happy trading my crypto friends.
BTS/BTC CUP AND HANDLE #BTS #BITSHARESBTS FINISHING UP CORRECTION PRETTY SIMPLE ZIG ZAG FORMED. i SAY BASED OFF NEEDING BOLLINGERS TO TIGHTEN WE HAVE A LITTLE BIT OF TIME. 50 PERCENT BUY AROUND 2669 SATS... 50 PERCENT BUY AFTER BREAKING THE CUP TOP. THIS IS WAVE 2 ON A YEARLY 3 IMPULSE WAVE MORE. WAVE 2 IS OFTEN EXTENDED AND OFTEN OFFERS BEST REWARD. WE BOUNCED OFF THE GOLDEN 61 FIBONACCI BUT STILL NEED THE 200 DAY MOVING AVERAGE TO CATCH UP
BTSUSD one more lower low?havent updated my charts since whenever i last posted this, but no need for a change...
everything appears to be following the path i charted before with 1 more lower low as a high probability i see that it has made its mini pump to possibly the final position for "D" as i do not expect a higher high in this market.
Which is fine, and expected
elliot wave theory states that after 5 waves up a requisite ABC correction must follow = where the correction can morph into a multitude of acceptable possibilities, however, without exception it MUST observe a 5 wave sequence down during the final descent of the "C" leg.
i count 4, means only one thing left to do...complete 5 waves down with 1 more.
target <16cents
ladder in.
depending on what BTC does, we may see BTS as low as 12cents! which is a tremendous buying opportunity you won't want to miss.
hooray the end is nearly here and we can all look forward to a cycle up!
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.
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!