Bitshares - 2 cents targetRevised chart to 2 cents zone if WXY pattern holds up. Could be great entry zone. Be safe.
BTSUSD trade ideas
BITSHARES AND EOS being combined Bitshares and EOS chain Being combined thanks to Stan Speedy recovery.
Stan Larimer on Behalf of the Larimer Family HOSPITALIZED
"While in the midst of his recent travels, Stan has suffered from a medical issue that has resulted in him being hospitalized. Further complications occurred, and he was transferred to a nearby facility"
"While in the midst of his recent travels, Stan has suffered from a medical issue that has resulted in him being hospitalized. Further complications occurred, and he was transferred to a nearby facility"
Get well soon sir.
Stan Larimer in Critial Care, Hospitalized "While in the midst of his recent travels, Stan has suffered from a medical issue that has resulted in him being hospitalized. Further complications occurred, and he was transferred to a nearby facility that could address his condition appropriately."
"At this time, Stan is in critical care"
I belive it to be a stroke
Get better Stan.
BTSUSD : Possible structure by ElliotHi guys,
I post this because I want to archive it as probable (I dont have a pro account so I cannot save charts). It is more to bring it back later than a 100% certitude that it is the current pattern.
I was saying in my anterior BTS post that we have a unidentified structure. Dont work tonight, got time to extrapolate, so my hobby is to open Elliot Wave Theory book and make brain works.
The Theory rules are in the chart. It potentially correlate with the BTC move that I project as BTS fluctuate at higher rate than BTC. This is something that I will put in my bag and re-use it if needed.
If you are a swing trader and follow my call blindly (which i do not recommend since Im not Elliot) just follow this safer picture :
*type error in chart : normally C waves are retracement waves. but ABC waves can be bullish when they are part of a subsequent pattern that follows it like flat, expanded flat, etc. You should read "Wave C: Prices move impulsively higher in five waves"
Bitshares - breakout comingBTS landed on support and almost broke out of the resistance line. The MACD had a bullish crossover signalling bullish momentum and the RSI broke out of a falling wedge. Expecting bullish movement.
Buy & sell positions in our crypto signal scanner (comment).
BTSUSD : hard to follow. New scenario.Hi guys,
So all the work time spent on the impulsive waves hypothesis has been done for nothing (see last BTS post). I expect a little bounce but no bigger pattern to help define precise target. I still maintain that BTS has saw the end of the correction in August, still that doesnt mean an immediate bounce up.
I love the fact that 1D MACD seems to have found a supply zone :
Im expecting short term minor gain and looking to update target once i got more data. Sub wvaes indicates a short term bounce up with little to gain :
Even with no count of discerned pattern, we still can use a pragmatic approach. We are in a demand zone with HL, where I called end of correction in August, behave like one, indicators correlate.
BTSUSD : new target unknown pattern.Hi guys,
I propose a step by step TA for this move. BTSBTC bounced exactly at the target zone but in BTSUSD i had a better entry so I hodl.
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BTSBTC last update :
From this post :
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BTS seems to follow the bullish outcome that I project. We may reach a 30% increase from last highlighted entry at low 0.09 where i took some long positions. I project that we are heading toward resistance 0.13$ and MA100 (0.129$).
For now, unknown pattern so I will update often for the next 3 days to project better the landing zone.
Daily are on the bulls side (see post). As well as weekly who is near a bullish crossover that normally announce a sustained background bullish recovery but weekly suggest more a 0.147 target :
Possible end of correction ?HI guys,
Everything seems in place to conclude to a near end of the correction. Only this part i had difficulties. I reviewed the theory for some hour. We have a double three structure, a three, an another double three structure.
The rules for this WXY :
Guidelines
• A combination of two corrective structures labelled as WXY
• Wave W and wave Y subdivision can be zigzag, flat, double three of smaller degree, or triple three of smaller degree
• Wave X can be any corrective structure
• WXY is a 7 swing structure
Fibonacci Ratio Relationship
• Wave X = 50%, 61.8%, 76.4%, or 85.4% of wave W
• Wave Y = 61.8%, 100%, or 123.6% of wave W
• Wave Y can not pass 161.8% of wave W
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According to this you see where we will land, mostly stop at 0.086.
But damn how the hell you can project a double three. I now understand why I was confused with my last 2 structures of BTSUSD.
BTSUSD : Potential nice move upHi guys,
Time to make a hypothetic target. We finished the combination structure (pattern recognition) that i projected in my last post :
For this one Im using more my wave analysis than pattern recognition "skills"
You can see i circled the potential bullish crossover on the daily MACD. This one could lead us to higher high near 0.16-0.18. I agree this target zone is pretty high in regards to our current level but on a mid term/longer time frame it could indeed impulse to there. My BTC indicators looks good as well so definitely the Bitshares price could correlate if BTC price rise become reality.
The bullish crossover could correlate with a test of the 0.124 resistance :
Weekly MACD make us expect a bullish sentiment over time as the MACD could make a bullish crossover as well. Bullish divergence on the histogram too :
But first lets watch the behavior at 0.124
Bitshares, revisiting the ideaLooking at fib pulls & possible patterns, keeping in mind BTS will most likely be heavily pulled up by BTC and EOS.
Thoughts?
BTSUSD : new target zonehi guys,
The corrective pattern seems finish. looks like a bullish outcome is to be expected. Mostly toward 0.140 as target.
We reached my last projection of my last post :
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Still got the triple double in back of my head. That indicate a long term bullish perspective
Sept. 11th I spotted it
2.5 weeks later still valid
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BTSUSD : risk management on target 0.14Hi guys,
So the follow up of our last post of the expended flat correction with impulsive outcome. See here :
Step 2 was about making a hypothesis in regard of the impulsive wave :
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I will add some details. If BTS doesnt seem to regain strenght or bounce on the MA on the 4h we can expect this :
The 4h MACD still have some histogram bullish divergence but the MACD head toward neutral spectrum which indicate a high fluctuation outcome. Risk management would tell you to take both scenario for granted and take profitable position independantly of the scenario.
BTSUSD : expanded flat correctionHi guys,
So we were due for an update. Pattern recognition of an expanded flat correction that respect all the rules about the form. A 2 subsequent ABC ending in a 1-5 wave. I do not exclude that wave 5 can be more extended to 0.08 ish lvl before being buy out as BTS behavior tend to support extended waves.
I share you an example of this pattern here : d.stockcharts.com
The fundamental of the pattern recognition are there. The MACD 4H is not on the best position but adding the RSI we can accept that the ongoing oversold state will prevent further lows for now.
That being said normally we should see a bounce toward 0.12 at the precedent major B.
I do not reject a continuation of the wave 5 since BTS often behave with extended wave but that should not compromise the projection.
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I can add this perspective too :
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If we prefer to base our projection of the anteriority we can see that ABCDE (compressive price) pattern on the oversold state and minimal negative histogram lead more than often to a re-up in price :
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The BTSBTC pair is very intesting, a triple combination structure. We can see very symmetrical pattern. Each WXY ( or you can use ABC) lead to form WYZ (this is where the 'triple' thing came from) to a relatively flat support and lvl. While each X is identical in their form with a 1-5 structure (both X need to have same structure because they are named X, otherwise this is not a WXYXZ). Each Sub W link together as well as each X links together forming a channel. There is many correlation in this structure
The triple, the WYZ, have the same correlation form on other indicators such as RSI and similarities on the MACD (if you exclude the compressive form of the MACD a.k.a. higher lows)
I discard a double zig zag with a lower Y (which is named Z in the triple combination structure) because the is no ABC between W & X that could lead me to include a lower low than Y of the Y in the WXYXZ. There is many correlations in this structure that why i share you this idea.
Of course this MACD on the BTSBTC pair isnt in the best position but I expect a relatively minimal negative histogram in regards of the compressive price we have
BTS Either the best of times or the worst of timesEither be best of times or the worst of times
Five touches forgot one arrow
BTSUSD : expecting to reach 0.15-0.17 as first stopHi guys,
Again retracement and move up as been spotted from last post. I reported that : once we will be there we will have all indicator ready to have a bullish crossover on all time frame
-Which is happening right now as we can see
I kept the arrow so you can better remember the reversal zome i was speaking about. was expecting reversal at 0.096 but price stopped at 0.10. If you filled up like me we should have +-50% profit on this if we reach the first projected area :
