Bitshares - possible count to 5000 satsPossible play with fractal. Price action is looking very good right now, and this could bring us to multiple cups in the overall chart making it even more bullish long term.
BTSBTC trade ideas
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.
BTS Leads the pack of Graphene TechsEverything looks bullish on $BTS. Price action higher lows, EMA Cross, Closed above 200 EMA, RSI higher lows and above 50 and looking to break above the resistance line. A pullback on the EMAs is a buy opportunty. Goodluck! Not a financial advise.
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!
BTS/BTCSame as IOT.
"Crypto is looking like it's about to reverse, although this is most likely just a bull trap.
Good time to sit back and wait for the insiders to make their insider moves.
There's always going to be another long or short entry... No need to ride every wave or chase every profit."
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
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
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.
$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
BTSBTC. Hard ForkShort-term growth on news. Targets - Fibo levels
Starts on June 7, Thursday
Development Cycles*
Feature Release (non-hard fork):
Three-week sprints
Core Release (Hard Fork):
Twice annually: first Thursday of June & December
Bitshares -parabola in the makingThis is one of the sexiest charts I have ever seen in my life...don't miss out.
Dear brothers, im still bullishHi guys,
Remember when we were hunting the bottom together earlier this year :
1) (press play)
Then we felt bullish for april :
1) first bullish emergence with good indicator (press play)
2)1-5 with extended 3 (press play)
Then we were looking for the retracement
1)ABC - fibo 0.618
2) extended ABC - fibo 0.382
--------
Of course with time have gained some accuracy, but overall if you followed each of my alert/comment on each post you should have followed the story between the bulls/bears probability scenario.
Im still consistent with my last projection were i was calling the end of the ABC retracement at 2600 sats 2 weeks ago and didnt stop feeling bullish since. Of course market force you to something flip on a 10cent about your projection but since we reached 2600 sats 2 weeks ago and now; im still seeing the behaviorism of a bullish market
------
So for now you got good indicator of a STD DEV sync bullish movmt with a projected major 1-2 stopping at 0.382 which is a good EW/fibo ratio.
Can you guess what signal im waiting for to confirm the next major 3 target to confirm below projection ? I you followed my past post you should have an idea
------
Bullish projection
1) early step
2)Bigger picture
BTS is sky boundBTS has completed triple bottom hourly and might be on its way up with a high ceiling. I foresee a c&h in the future
Bullish crossover tomorrow ?! Small updateHi guys,
Small update. we are very near from a bullish macd signal crossover on the 1D. Note that after completing the ABCDE we broke major resistance as you can see.
Main post :
Quick Bitshares BTS updateAlthough we did hit 0.618.. BTS has retraced regularly to 0.9 in the past...
That said, the tiangle seems to end a 0.786 so I'm hoping for an impulse at that point.
*** Something to keep an eye on : BTS seems heavily correlated to BTC...
Bitshares - correction brings opportunity to BTFDBTS is to me probably the most undervalued token out there. The hype cycle still hasn't come in yet imo. Once this correction is over I don't think we will see these levels possibly ever again. I see a possible dip down to .78 fib and since we didn't get much of a bounce on the other fib levels I am expecting to see one once the price hits the next fib level. This could bring price to .14 to .16 cents. Something to be aware of. BTFD
