BTSUSD trade ideas
BTSUSD Example of a EW countLets use this post to talk about EW count. I usually dont post these because its not clear for everyone, i used to stick with chart recognition, but heres is my real count.
BTS/USD possible movementBitshares had a very long correction and now it's finally time for it to grow up. First TP 0.57, then some correction and next TP around $1, then one more correction and new ATH.
BTSUSD AN ANOTHER POINT OF VIEWHi guys,
Since this week, BTCUSD have gained a beautiful +20%.
I had this perspective in my older post :
We saw huge sell pressure on the BTSBTC last days which gave us suppressed price but yersterday we saw a huge volume appearing after 0h00 UTC. Why ? Well if you add 4h macd, once neutral, turning in the bullish zone to this :
We might have an hidden inv SHS too here but i will wait pattern confirmation before assuming this.
i would say for now that our target in USD in 0.33-0.35.
I think newbie trader dont know this aspect of trading :
Example :
if you have 1000 BTS worth 1 BTC, and BTC is worth 10 000. Then your 1000BTS worth 10 000$. So if you trading your BTS for BTC you will end with the same amount in USD.
If BTS stay phasic with BTC and you have 1000BTS. BTS follow BTC, 1000BTS now worth 1.2 BTC and BTC now worth 12 000$. If you traded before your BTS for 1 BTC before you will only have 12 000$. But the holder will have 14 400$.
Thats what the BTSUSD charts shows us. Holder is more richer than the one who sold (which make suppressed price on the BTSBTC pair) earlier this week for BTC. While BTS holder made 75% (in USD) since point C and BTC made +50% (in USD).
So trader sold one of the fastest blcokchain tech for BTC and accuse losses. This is great to hear but i dont know if they have the capacity to see these things since they looking for quick gains.
Bitshares (BTSUSD) LONGCoin: Bitshares (BTS)
Trading pair: BTSUSD
Platform: Poloniex
Entry: $0.20 - $0.30
TP1: $1
TP2: $2
Stop: $0.17
TA:
Target 5th wave @ $2
I counted all the subwaves in wave 1 and 3.
Fifth wave incoming. Did an ext fib retrace to come to $2 at the end. (deleted in chart)
Then did a fib retrace to show the subwaves of the fifth wave.
FA:
Bitshares is a decentralized exchange.
Because of all the hacks there is a fast growing demand for decentralized exchanges.
Bitshares is one the first working well! POLONIEX:BTSUSD
Bitshares new bull run is comingBitshares for those who don't know, is a very promising altcoin...
as you can see on the chart it's getting ready for a next bullish run!
1. A "rounded bottom formation" tells us we are entering a "market reversal". (Bearish to Bullish)
2. If we break "major resistance" it may retest it as new "support".
3. 'Buy-in' at around 0.205 USD // 'Take profit' at around 0.306 USD;
4. Each candlestick represents 1 day
5. Stay in the trade for about 1-3 weeks depeding on the market.
profitable regards,
Perspect
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!
BTS/USD price update 6th Feb 2018A look at the daily chart of BTS/USD market shows Bitshares in a partly bearish and consolidation momentum according to MACD and the price drawing close to the $0.15, if we dont see a bounce at $0.15, it goes lower to form a new support and resistance between $0.05 and $0.15.
With the news of BTC regulation and rumours of ban, BTS may dance to the tune of the news in a bullish or bearish manner.
Margin traders should be extremely careful in this trend of market as to avoid margin calls until the time is right.
bts long, if bitcoin behavessee related bitcoin idea, if btc behaves according to it, my bts target would be 0.47$
BTS/USD Head And Shoulders Pattern Analysis update and TutorialWhat is a Head And Shoulders Pattern?
Head and shoulders pattern in technical analysis, shows a chart formation that predicts a bullish-to-bearish *trend reversal*.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
The analysis and tutorial is based on current price action on Bitshares versus US Dollar trade dated 3rd Feb 2018
This give a clearer picture of what is actually going on in the market and help make trading decisions.
from the chart, 2 heads and shoulders were formed in the 4 hour time frame chart which gives an accurate prediction of a bearish trend reversal. An *inverse head and shoulder* gives an indication on of a *bullish trend reversal*
the first head and shoulder formation took the price of Bitshares from $0.80 down to $0.55
the second head and shoulders took the price from $0.55 to $0.28.
Bitshares currently trading at $0.32. trading above my initial buy signal in my previous post.
BTS Update. Is the Bottom in? Head and Shoulders confirmed?It is best that you know that i am new to this and can not be taken seriously, or as financial advice. I am passionat about BTS and want to help get more charts drawn and community interaction.
My gut says we go lower once more to hit bottom.
Wave 2 of C runningIn classical 3 part corrections in elliot wave the C wave should be of the same length as wave A and wave C should be the most violent. So far we can witness a 5 part impulse wave that we can label A and a 3 part retracement wave that we can label B. What needs to follow is a wave C and here it gets tricky since having the same length in wave C as wave A would bring us into negative territory. The price can never be negative.
Wave A and wave C tend towards equality while C = 1.68*A ist the next most likely outcome. Since this is not possible we can see the current pump as wave 1 of some degree what implies that we are in the corrective wave 2 of the same degree now. Wave 2 tends to be a 0.5 to 0.61 retracement of wave 1.
I marked the area that the elliot wave rules project as the typical target for a retracement, with the lower half being more likely than the upper half. It would also match the typical bubble charts that pop up so often in crypto (and soon for the stock markets as a whole). A conservative estimate would be to watch out for a confirmed reversal from a low anywhere in between 8 and 18 cent. Due to the nature of the DEX and margin calls for bitAssets we will be able to get BTS for considerably lower prices as the 10% discount on liquidations tends to trigger a acceleration on the way down. That will be a great day for a trader who makes profits from this kind of inefficiencies.
Happy trading!
BTS forecast. Would love critique. my current thoughts on BTS. Wold love to buy at that price. Best blockchain tech out there.
Long or Short? Mid I will go Short - Long term I will go LongYou can wait to buy BTS at a Lower price to increase the profit, but you can also miss the Long train. Your choice.
Bitshares trading against the Dollar. Market updateIn preparation for February trade.
BTS has had a healthy correction for 13 days and is now consolidating. This looks like a good entry position for short and long position on the next up trend. lets take a look at the chart of BTS/USD and see what might be expected.
we have the buy region from $0.31 - $0.44, Late entry above $0.55, First sell region from $0.60-$0.76 and HOLDers to $1
BTS USD pair bullish future. #bitshareslong term projection.
only price has been projected, not time. But i think this time frame is fair.
wave 3 to begin
