BTS (BitShares) Coin Analysis 26/03/2022Fundamental Analysis:
BitShares is a decentralized platform designed to provide a more efficient global payment network and is commonly used for securely trading cryptocurrencies without any intermediaries.
It was originally launched in July 2014 under the name ProtoShares (PTS) but was rebranded to BitShares (BTS) less than a year later.
The platform is powered by the BitShares (BTS) token, a native utility token that can be used for several purposes, including the creation of smartcoins known as “BitAssets,” which can have a variety of parameters and can represent practically anything — such as reward points, collateralized fiat-pegged tokens and IOUs.
The BitShares platform is managed by a decentralized autonomous company (DAC), which allows BTS token holders to decide the future of the platform, and decide which features to add next.
It runs on an open-source blockchain implementation known as Graphene, which is reportedly capable of processing up to 100,000 transactions per second (TPS) — making it faster than both MasterCard and VISA combined.
As of January 2021, BitShares is in the process of a relaunch, and will be going through several major changes throughout going forward.
One of BitShares’ major distinguishing features is its integrated decentralized cryptocurrency exchange platform (DEX), which allows users to trade regular cryptocurrencies, as well as more traditional financial instruments (via BitAssets) without middlemen.
Because of its native DEX and support for synthetic assets (BitAssets), BitShares is often touted as the world’s first DeFi capable blockchain.
As we previously touched on, BitShares uses distributed autonomous companies (DACs) to produce a self-governing, self-financing system that allows BTS holders to set the business rules that govern the BitShares ecosystem through a secure proposal and voting procedure.
BitShares is also one of the few blockchain platforms to completely do away with addresses. Instead, it uses simple memos to distinguish users, making it one of the more accessible crypto platforms. It is also built around a popular referral program that is used to incentivize the growth of the network by distributing upgrade fees between referrers and the BitShares network.
It was the first blockchain to use self-governed delegated proof-of-stake (DPoS) technology and has an ~3-second processing time for transactions, making it one of the fastest blockchains currently operating.
In September 2020, the BitShares platform underwent a hard fork, leading to the creation of New BitShares (NBS) — a derivative project that is not affiliated with the original BitShares. As a result of the fork, BTS holders were airdropped NBS tokens at a 1:1 ratio.
As of January 2021, there were just under 3 billion BTS in circulation. This is equivalent to 83% of the maximum BTS supply — making it highly diluted.
BitShares was initially funded by community investments totaling 5,904 BTC, as well as 415,000 Proton Shares (PTN) in 2014. At the time, this was worth around $3.6 million.
The full BTS tokenomics are not publicly available.
BitShares uses a custom delegated proof-of-stake (DPoS) consensus mechanism to secure its network. This uses a combination of witnesses and decentralized voting processes to produce a more democratic consensus system that avoids the possible negative effects of centralization.
This system reduces the need for multiple transaction confirmations, ensuring BitShares transactions can be finalized extremely quickly. Instead, delegates (known as witnesses) are responsible for producing and broadcasting blocks, with numerous safeguards in place to ensure these witnesses act in the best interests of the network.
The current CoinMarketCap ranking is #454, with a live market cap of $73,058,255 USD. It has a circulating supply of 2,994,600,000 BTS coins and a max. supply of 3,600,570,502 BTS coins.
Sentimental Analysis:
There seems to be a huge fall of BTC.D or Bitcoin Dominance coming and the Total Market cap Rise, which can be interpreted as an Altcoin Season initiation, and its confluences with the current Price to Value Ratio of some Crypto Assets, makes a good Sentimental Indication, that the Altcoins are going to pump and gain some Price Appreciations in the upcoming months.
Technical Analysis:
As this Asset has Fallen to the 90% zone of its All Time High, it seems to be undervalued and worth of investment at this level so we have used Fibonacci Tools to define 3 Up coming targets where the new Cycle will Go through in its formation so we can squire off our Positions and liquidate the holding asset to maximize profits.
There exist a Bullish Divergence of Price Action with MACD, which is a very significant sign of Bearish trend reversal and Beginning of the new cycle with the impulsive bullish trends.
there are total of 3 Targets defined with the Fibonacci Trend base Extension tools where as the 3TP gets its confirmation as the Price Touch or Crosses the 2 TP followed by some Price correction.
Sentimentalanalysis
Outlook on SPY leading into the weekendI know this is a little bit of a messy chart. Alot of trend lines and yellow rectangles-
Here is the breakdown and outlook for SPY leading into the weekend and next week-
I am anticipating a small correction this morning that will lead us to Pre market gap fill with a target of 426.44. This will achieve gap fill and trendline support (Green box for reference)
From there, i will be looking for confirmation of strength and bounce and will enter a long position (Put Credit Spreads likely) where my next bullish target will be 437.10. This is my breakout target for the massive triangle we have seen (we can see part of it in the chart) AND it is a gap level that will be filled once hit. (Purple box for reference)
There is a much larger gap towards the bottom of the chart. I do anticipate us to fill this gap at some point in time. However, generally when there is a large trend reversal, we almost always leave a gap for us to come back and respect.
NZD/JPY Downside Fundamental Bias NZD/JPY 📉 Downside Fundamental Bias - Active Trade 🟢
- This forecast is very valuable if you currently have trading experience.
- If you are a day trader, you can look at the technical levels and trade to the forecast direction we predicted and make more profits.
- This forecast is based on the current market sentiment and the fundamental value of the currency. Sentiment can change on the news at any time.
- Please Follow Money Management
NZD/JPY BUY Swing SetupNZD Bullish and Market Sentiment Playing Risk On.
Long Term Target 78.445
- This forecast is very valuable if you currently have trading experience.
- If you are a day trader, you can look at the technical levels and trade to the forecast direction we predicted and make more profits.
- This forecast is based on the current market sentiment and the fundamental value of the currency. Sentiment can change on the news at any time.
- Please Follow Money Management
Are you an emotionally invested bear? Spare me a quick read.Lets sit back for a quick moment, and relax. Forget about price for a few minutes while reading this post.
Love it or hate it, markets just do not work out for most retail traders. You got into this because of hype at some point anyways right? Hype is a huge reason for your losses. When markets dump unexpectedly (Or is it really unexpected?) retail has this idea of "Trend Lines" that prices have to stick to, "Supports & Resistances" that price HAS to react off from. Almost like an IF ELSE statement.
Obviously, no one can predict where the market is going the next few weeks. If you've caught up with the narratives as of late, you'd suspect that sometime this week could be a bullish sentiment shift. And some are still validating bearish sentiment news that has been apparent for a long time now.
If you take the law of "Nothing ever comes easy in this market" you'd know that following the herd without much deep dived evaluation of everything, is where you'd lose the most amount of money potential.
Right now, the emotional sentiment of the markets is: We're dropping, we're free falling, shits just going down anyways. No one is really thinking about anything bullish right now correct? In history, that is always the point where shit starts to fly up.
Investing as a get rich quick scheme gets you rekt
Investing with the idea of being "Performant", makes your investments efficient.
The beauty of the markets is that 95% of people are head-down sucking up news and reacting off it, giving up, being greedy etc.
To stay in the market long, one must realize that both sides of the train gets you rekt.
Just sit back and relax, and invest as much as you can afford to lose, invest in the right protocols and let them do their thing, you'd be so much better off in a market filled with volatility.
Things that are getting cheap does not equal to them being worthless. Markets always tend to overreact, at some point markets will receive a bounce. SO TLDR, it is UP TO YOU to decide to worth of a project, how great is the R:R of this investment. Good luck out there everyone!
Gold to 2000? Just a clear chart. No drawings. Sometimes simple look shows the way. Inflation, technical analysis, sentiment analysis and no trust in fiat will push the gold up. Not suitable for day traders. Think long term.
My opinion only. The trade u gonna make which you would gain or loss is ur responsibility.
SQ double bottom?This is a very classic setup on SQ. Buying off daily 200 on a double bottom. And in the last 3 bars it was a perfect breakout. Nice close today. Nice increasing volume on the long bearish dip in Oct 4th meaning people are trapped. Nice 1.4 risk/reward ratio.
But the experienced trader inside me is yelling and saying I should buy the stop of this classic setup. What do you think I will do :wink:?
GOLD potential LiquidationWith the BC point in motion, we are anticipating an UPTHRUST retest which result in short sell thereafter it, until the UTAD, where there can be a strong upswing. With the NFP Friday ahead, gold will have bullish moves as a result of the high expected rates that might not be met.
Gold: How to Combine Technical & Fundamental To Get Best ResultsWhat Does Market Really Follow?
We all know that market is normally run by based on Technical Analysis, Fundamental Analysis, and Trading Sentiment. If you want to get a high result on your trade, you must combine these 3 analyses.
As USD and Gold both are safe-haven currencies and reserve currencies as well. USD and Gold have a negative co-relation. If the USD rise, Gold will drop. If the USD drops Gold will rise.
Which Fundamental Factors Are Responsible for Golds Move?
1. US Economical Reports
2. World Wide Economic Conditions
3. Man-made or Natural Disaster (For the moment Covid Situations)
4. Political or Economic Crisis
5. Central Bank's Rate Decision and some other reasons.
What to Do Firstly?
You must have a look at US economic reports. US job Market Report, CPI, Manufacturing Reports, and FED economic Overview. If most of the fundamental reports are positive from the USA, that means fundamentally USD is in a good position, which means Gold has a chance to drop.
especially CPI / Inflation reports are important for hiking bank rates. So, if you see recent most of the high-impact reports are positive, that means gold has more chance that it will drop and FED is going to deliver the hawkish statement. FED's hawkish statement will give an extra benefit to USD what is negative for Gold.
What to Do Secondly
Now see your technical chart. A trading view has many awesome tools to draw your Technical Charts. Personally, I do follow pure price action. Based on your chart analysis, find an entry rate, exit rates, and where the stop loss and profit should be put. You can use any kind of technical tools, indicators of what is suitable for you.
What To Do Thirdly?
To get the trading sentiment, Option expiry and Cot reports will help you a lot. Especially cot reports are free, so check last cot reports. Day Traders usually follow non-Commercial contract positions. if you are a day trader checks a non-commercial contract. if most of the contracts are in a short mode, that means banks, hedge funds, and other financial authorities are selling more.
commercial contracts are also very important. because they are big guns and big companies. you should also check their position. Non-Reputable contracts are not really important.
How Will I Combine Technical and Fundamental Analysis and implement to my trade?
This is the final part. If you see most of the US economic reports are positive in recent months, especially job market reports, manufacturing reports, and Inflation reports. In this case, most of the time FED delivers a hawkish statement. So, you think for Buying USD and Sell Gold.
If you see US Economic reports are not supportive, then think about selling USD and buying Gold.
This is the first part. I will write details about it in my second part. till then keep reading.
If you think this article helped you then, like, comment, and share with your trader's community.
Sunday Prep 7/25 - $SPY/$ESThe market gave the retrace back to the 50d like we were thinking it could. But the problem for me is that it didn’t spend any real time down there. Instead, it immediately bounced and we are already back at new ATHs. It really gives me concern about whether it can actually hold. Only time will tell, but moving forward, I will be pretty cautious with longs. As always, the higher it goes without any consolidation, the more I will lean towards looking for short setups. Starting to wonder if 4500 is in the books for this week at some point. Butttttttt………..remember, this is arguably the biggest week of earnings season, so if certain names miss on numbers and get smoked, so too might the market.
Interesting thing is that we haven’t lost the previous month’s lows since last September, almost a year ago. Obviously we will see signs of weakness well ahead of ever losing the previous month’s lows, but once we start to see signs of cracking, this would be something I look for to get confirmation that we may very well be starting to roll over. But please don’t misinterpret this as me being bearish. I’m merely doing the necessary prep work to always be ready for anything. Till then, laissez les bons temps rouler. To the moon!!!
TV Chart link:
TV Chart link:
Trader's worst enemy ☠️Hi everyone,
Wish y'all have a profitable life.
📌 Today I would like to talk about a very important factor that every trader has to consider very important in their technical analysis.
⚠️ The topic is "EMOTION" and how it can lead to possible profit and or losing money.
⚠️ And how can you avoid "FOMO TRADING" !
📍It's almost been a year that I have started trading and at the beginning I have participated in various technical classes such as ICHIMOKU, Price Action, E-Wave, etc. Furthermore, I can assume that I have made some money as well as some losses.
🧐 The question is; how to avoid serious money loss??
📍 The answer may differ from each person to the other and person by person. However, the most common answer might be: "EMOTIONS"
📌 We are human-beings and it is completely normal for each human-being to decide based on emotions and not considering facts and reasons.
🧐 What does this exactly mean?
📍 The answer is: We may dismiss or not consider some reasonable facts and decide emotionally not reasonably.
📌 As you can see my E-wave analysis may be THEORITICALLY correct but not resoanbly.
🧐 What does it mean if we have a total of 9Trillion dollar of worth in crypto-currency?
🧐 What if this new version of .com bubble explode at some points?
📍Always, consider fundamental analysis in your technical analysis and your technical analysis in your fundamental analysis
⚠️ Keep your faith for when you are in church and your belief when you are in a hospital
⚠️ Trading is a game of numbers and numbers do not understand any emotions...
⚠️ Trading is a game of indexes, algorithms, pure mathematics and supply and demand, please do not believe in chart!
🧐 I am looking forward to update my toturial and tell you guys more about sentimental analysis.
Please let me know if you have got any problem and or questions
GBP/USD Swing Trade IdeaThe Pound has been gaining strength lately due to the heavy market-sentiment-driven market pressure. The UK is inching closer to reopening its economy to international travel, reviving the hospitality sector, increasing positive data from the services and manufacturing data. The majority of GBP pairs have been in consolidating as we await the June 21st decision. PM Johnson has expressed concerns around the growing numbers of cases due to the Indian variant but is facing pressure from his party officials to remain on the track of reopening the economy as planned. Any movements seen recently will be due to the market sentiment as technicals and fundamentals set up in a favorable manner.
Key Dates I'm watching for:
June 15 - Gov Bailey Speech about the growth in the financial sector and CPI
June 16 - US Interest Rates
June 17 - Unemployment Claims
June 21 - Decision about the UK economy
June 24 - UK Interest Rates
BTC/USDT : Low TF trading plan. BINANCE:BTCUSDT
Hello everyone 😃
Just wanted to clear some thoughts and have make a trading strategy for those who interested into trading on current market's situation; Also I added some points for long-term vision, So read this article till end 😉
I will talk about three things on this article :
1️⃣ Chart's direction and technical analysis
2️⃣ Recent fundamentals definition
3️⃣ On chain data analysis
1️⃣ Chart's direction and technical analysis :
LTF wise I'm willing to take a long if we sweep below and aim for the FVG.
If we sweep below first and then break the H12 that's a good bias for longs at that level...
but if we tap the H12 level first and then sweep I probably wouldn't long the flip of the H12 anymore !
📌 Also according to volatility, It have a bearish crossover and so we may see the daily open...
2️⃣ Recent fundamentals definition :
- Elon Musk : Right now Elon is focusing on his meme coin ( DOGE ) and so he just tweeted a new FOMO idea about DOGE and he said that he won't sell any of His Dogecoins holdings.
It can be good for whole market (in short-term), But as we are talking about it, 66% of people are not trusting Elon's word and they called this tweet as a bearish sign and 88% of traders disliked his tweet. (This information are provided by other source's data)
- Vitalik Buterin : As I'm writing this article PlanB and Vitalik are believing into a possible risk if BTC shows another weakness and it can rejects the pair below the major bullish trendline which is leaded the Bull Run from beginning !
- U.S. Treasury Wants to Ramp Up Cryptocurrency Tax Enforcement : The United States Department of the Treasury is calling for cryptocurrency transfers that exceed $10,000 to be reported by businesses to the Internal Revenue Service starting from 2023,
The new initiative is part of the Biden administration's revamped tax enforcement plan.
The Biden administration is also seeking to double the IRS staff with $80 billion in additional funding, according to the Wall Street Journal.
🔰 For now it can't affect the market and my worries are just starting with the on chain data. !
3️⃣ On chain data analysis :
According to exchanges BTC's balance, The day started with -3895 BTC in TOTAL and Now As I'm writing, It's changed into +6956 BTC in TOTAL !
This information are recorded without the recent 10000 BTC inflow to BitStamp exchange.
Actually; We are standing with +50K BTC in last 7Days's change, Have to mention that Binance more than +17.5K BTC's change in last 24Hours...
Now According to RSI indicator we are standing above a supportive trendline, But Based on mentioned information we may see another dip which should be located around last ATH's support zone now !
🔰 Based on current funding rate; We have to retest a major support level and close a daily candle in green status to refresh the funding rate.
📚 I'm Predicting on important dates that can change the market's condition ( They are like pivot lines with a little difference ), One of them was 19th May Which I predicted a sharp dive and quick bounces after it. Also I mentioned that it could be a 30% dive after China's FUD.
Then next located date is 25th May ; I'm so sure about the exact direction for now, But I have a filling on FVG line and another rejection to lower levels to form a double bottom on daily chart !
I will update my vision If it's needed...
📌 There are few important trendlines that can help you in your decisions :
Hope you enjoyed our analysis about Sentiment view on BTC's possible directions🙌
You can support us with your likes.
Also you can share your opinion with us in comments 😉🙋🏼♂️
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades