Forming the other shoulder?So in my last published idea I had put in a secondary potential fall point, which it seems to have held. Look for a climb to .75 - .80 and then rest of the correction to fall back towards the bottom trendline , .30 - .40.
Pay attention to it breaking the yellow trendline, that'll be important. If it doesn't stop at B and blows by it, we could be looking at new ath.
BTSUSD trade ideas
Have we formed the A on the correction?The green correction wave may just be finishing A and headed back towards B (hopefully) and then complete at green C. The other thing that may be going on is this green correction wave being a retracement B wave (black line) on at a much larger scale. Thoughts?
BTS / USD **Will BitShare survive or die below 0.30**
Hello trader,
Its doesnt look good for BitShare, on the way to break the support line again and thrend is going down...............
Let me know if you disagree and why.
Happy trading,
Darwin
Going along with the Head-Shoulders theoryI'm just getting into TA so take it for what it's worth. The sharp downtrend has to eventually lead to a spring back. Are we putting in a D next?
So going along with Head-Shoulders theoryJust getting into TA so... I don't claim anything other than I like drawing lines and maybe I get lucky. There seems to be a hard push downwards, that I'm pretty sure everyone and their aunt is predicting will have to lead to a spring back.
BTS breakout or middle of larger ABC correction?My initial thinking was that this correction on Bitshares was simply a bull flag (ABCDE) which would mean today we broke out of it. However, as I recount the waves (something I've just been learning to do in past few weeks so high probability I'm wrong in my count) this could be an ABC correction after the completion of wave 5. That means price could rise to around $0.70 (wave B) and then drop (12345) to around $0.45 area to complete wave C. I'm brand new at this and would appreciate your thoughts. A shout out to "just-joe"... I'm posting this for you! Thank you for helping me learn. By the way, for full transparency, I bought Bitshares at around $0.53 and am still holding it as I ride this emotional rollercoaster (and yes I know we aren't suppose to have emotion in trading but I'm not a robot... yet).
Cheers all, and happy trading.
p.s. this is clearly not investment advice... I'm just an beginner student of Elliot Wave and chart patterns. If you want to follow someone who knows what he is talking about, check out "just-joe".
BTSUSD, Fly to the Moon Call me crazy, but the chart and history tell me something. We are in the the third wave pointing to 8 dollar, in the sub-wave our position is in the D wave correction. Hopefully once the correction done, our profit will gain significantly.
BTS—Log Chart, Weekly, Three Possible Sell ZonesIf you look XLM/STR and XRP charts these sell zones start to become realistic.
Math of Market Cap:
XRP: Circulating Supply— 40,000,000,000 Current Price—2.5$ per/coin Market Cap—11,000,000,000$
XLM: Circulating Supply— 18,000,000,000 Current Price—.65$ per/coin Market Cap—97,000,000,000$
BTS: Circulating Supply— 2,600,000,000 Current Price-.74$ per/coin Market Cap— 2,000,000,000 $
This shows how much growth is left in this coin.
*Not financial advice*
Good luck, everyone.
I will be updating this weekly until this time next year if you want to hangout for the long haul.
Tips:
Bitshares: sjm603
DGB: DKsA6RL5fDqGKyM2XE3jE1H62GQP94T2ho
Thanks!
BTSUSD - Falling WedgeBTSUSD forming a falling wedge. Looking to complete the last leg over the next couple of days. Should keep a watch on a break over the falling resistnace.
BTS/USDT Quick Short term Update! very bullish pattern. will shoot up very very soon. BTS is a beast that will run to the top!
good luck everyone!
Bitshares, when the pull back, 2018This is just my marking price study.
i dont put any penny on this analysis.
try to find another deep for bts
bu if it go at the market price, i try took another TA sooner.
i might post the result either it failed or success.
Bitshares (update BTS/USD) Has broken out of previous resistance. I would expect it to return to the trend-line for a good entry and bounce to the upside. (This is for educational purposes only)
Bitshares Market cycle evolution Bitshares (BTS) is now painting a very nice path on its new market cycle, attempting to paint a much larger carbon copy of its younger fractal in the previous emotional cycle.
My goal is practising the ability to use the Laws of Elliot wave theory and chart pattern recognition in harmony together as a powerful algorithm to help predict the future price pathway.
We are currently experiencing a small rest, Deserved after this first impulse to new ATH's. The correction is taking the form of a triangle and is working through an ABCDE pattern and seems to be nearing completion.
Once complete we could see continuation towards higher targets.
The elliot waves painted in blue are difficult to project precision hits, More a guideline to the possible price pathway. Try not to trade these subwaves, Patience is key wait for the 5th wave profit point and sell into greed. Elliot waves are very useful in this respect as attempting to plot these subwaves give's you an idea of the next probable pathway and counting them during the move helps alleviate fear and panic.
TP= Take Profit
For this Market cycle I will be looking to take profit at these dollar targets, These Targets are Based on the Fibonacci extensions an Elliot wave theory laws.
TP1= $1.90-$2.00
Take 50% profit off the table here, If you have been following this trade from my first recommendation of $0.5 cents we will be up almost 40X our initial investment. Always important to take such a large gain and walk away humbly with the profits, never stay around to be the last seller.
TP2= $3-.$3.50
If the 5th wave transpires like it did in the last market cycle its not out of the question for BTS to really moon right up here, Take the remainder of your profits here sell the greed and prepare to pick up a lot more shares at the bottom for the next market cycle.
To the long term investors in this project Bitshares has so many unique features going on, One great one is allowing you to sell the BTS coin for dollar pegged asset's on the exchange itself which include BITUSD, BITEURO and BITCNY. Under estimated is this novelty in a young crypto atmosphere where the only options presented currently are park your funds in the Volatile BTC or controversial Tether currency. Anyway Time will tell with the long term projection, for now focus on selling high and protecting your profit to buy the bottom of the next ABC correction.
Remember my padawans The force is everywhere, Under your feet and in the air around you, it is infinite in this galaxy, when you open your mind to the fact you are this very force living and breathing in harmony with it, then you will know peace. Peace deeper inside your soul then any material or monetary possession can give you. Do not let the lust for crypto profits corrupt your mind, you are a beautiful human being and you are perfect just the way you where born to be, playing under the sun right here on this amazing blue and green home floating in the stars.
Namaste,
:)
BTSUSD : pattern recognition updatedHi guys,
This post follows my BTSBTC post (). At the light of my BTSBTC TA i have decided to rework my pattern recognition on BTSUSD pair to match them together. A good TA is when logic is respected so obviously by making my TA BTSBTC projection ive decided to rework my older post :
The compressive corrective triangle now look more like an ascending triangle in an extended form (A-ABC-B-ABC-C-ABC(?)-D-E). I have integrated BTSBTC pair TA to be able to apply a better pattern recognition on BTSUSD pair.
note that point E can be lower, forming a bull wick in the case it goes lower. In this circonstance, the projection is still valid, in fact i would love to see a bull wick at point E which act like a catapult for the next impulse.
I have some people recently accusing me of copying Hae Jin, i always gives credit when it is appropriate. Please note that this post is not inspired by hae jin, and yes i know he posted a blog about an ascending triangle but i did my own work here and i applied my own conclusion.
