BTSUSD trade ideas
BTS (4/2/18) Triple top formationBullish Divergence indicator Triple Top forming on BTS.
The last Triple top failed (failure to make new highs), however, if an entry was made at 0.134 or 0.136 (on signal confirmation) then the trade could still be active with a generous stop loss. A Spread Triple Top has formed and a preliminary horizontal count gives us a preliminary target between 0.182 and 0.194
We seem to be in the clear and out of resistance but as a rule, I will wait for the signal to be confirmed before making a trade.
BTSUSD : LAST STAND OF THE BEARISH TREND IS NEARHi guys,
Hehe you know that i secretly watch BTS all of the time !
In a previous post i posted my projection to see BTS at 1$ in april. But for this, the logic implies that the bearish trend need to finish. So here my projection :
Target (reviewed) : 0.07-0.09
Pattern : ABCDE correction / Zig zag 5,3,5 (flat correction)
Factors of validation/invalidation : Price break the major trend log resistance and exit the bearish spectrum
Opinion : Highly probable
My strategy - Risk management
If you have followed my anterior post strategy you have already gained +30% by laddering in with fiat at 30% at 0.11, 30% 0.10 305 at 0.09 (if you subdivised your ladders i.e. : 0.09 0.095 0.0975). So you are already in profit. What i do, according to my projection, is to sell 30% at 0.13 or higher and subdivid again your fiat at 0.07-0.08-0.09 (and subdivise again between each like 0.095-0.09-0.0875-0.085-0.0825-0.08 .. etc.)
I bet this zone gonna be rapidly bought so have your ladder already set because as you see, everytime price enter the HOT BUY ZONE it gets rapidly buy, almost instantaneously. BTS is mature from what i see (i saw plenty of indicator stabilizing) but seems to follow his pathway toward point E. Very exciting time for BTS lover like me, the sentiment should change as price will gain in price in April and give everybody a break for the depressing state of continous lower price.
BTS Tripple Top Breakout FormationIt looks like on BTS triple top breakout formation is coming together. To my untrained eye it seems that BTS triple bottomed bouncing off support at about $0.12 before breaking through resistance at about $0.13
I used the horizontal count method to create a preliminary price target zone if this breakout signal is confirmed.
Bitshares-Beautiful Inverse Head and Shoulders Set-upNothing is for certain, but this is a possible inverse head and shoulders pattern on Bitshares the decentralized exchange that Dan Larimer created
We shall see
BTSUSD : Updated scenarioHi guys,
so update on my main scenario
(lets restart freshy and name it : A)
Scenario A
Target : 0.09-0.11
Pattern : ABCDE correction. MACD 1D low fluctuation in the negative spectrum. Lack of volume. Conversion line going under base line (see weekly chart (#2)).
Factors of validation/invalidation : Staying in the bearish log spectrum. Invalidation if MACD 1D cross centerline from bottom
Opinion : Medium to high probability
Comments : I love Bitshares and this is painful to watch.
1) original post
2)
Strategy
Ladder in (risk management) : 30% at 0.11 - 30% at 0.1 - 30% at 0.09
10% in fiat (to buy oversold price)
Bitshares - zigzag correction almost doneI count a 5-3-5-3-5 zigzag correction pattern almost finished with BTS chart. I would expect some sideways movement consolidation and after a while we could see more big impulses up.
BTSUSD : My buy zoneHi guys,
recently i have started to stack BTS. Adding +20% with the same amount of money is nice. But in my opinion BTS wont see that much of prices fluctuations like we saw past 2 months, forming the cup part of the cup & handle pattern as i show. I recommend for those who want to enter to look for price under EMA 300 which in my opinion is a really good bargain.
Of course, now i have developped a more diversitive spectrum analysis approach for my followers. Thats why recently i now post differents scenario in the same post instead of picturing them in a batch of different post, leading to some confusion. My projections of trend are good but i see my perception of time alterated sometimes which catalyze a new analysis and I often undo it by an older one. I will work on that.
To make a continuity with the last post, the scenario C which was bearish have see his probability become truth : A lower point C near 1800 area on the BTSBTC pair (which was completed at a lower target). But since we have to play with BTSBTC pair and BTSUSD sometimes projection became hard to express or hard to put every dimension in one picture. One more point i need to work on is to canalize the information and express it right in english. With all these numbers and different pathways, I need to verbalize them well so you can understand well what im trying to link in the picture.
So now : What is your interpretation after this medidation on your method Simon ?
1) There is higher probability that BTSUSD see is price stabilize near the 300 EMA (see : 'my buy zone'). The current presentation lead me to see a cup and an expecting handle in April. The convergence of the longer time frame EMA (white lines) put this scenario; cup pattern, as an high probability pathway. I add that BB is forming a convergence too while I expect more a projected center line crossover if the macd 1d stay like this (convergence to center line).
2) There is lower probability that BTSUSD see is price go down further but stay in the cup pattern (BB convergence price zone). If the macd 1d diverge with the signal, the probability of this hypothesis will grow.
3) There is a possiblity where BTSUSD see 0.11 and consolidate there. This scenario bring up a lot of no pre-existing indicator leading there for the moment. Thats why i calssify it as a possibility and not a probability.
The strategy underlying the 'my buy zone' come from the risk management. Since i expect a consolidation near our current level, the buy price under the EMA 300 reduce the lost of BTS going for hypothesis 2 and 3 while maximizing profit for the hypothesis number 1.
To conclude, I dont reject the thesis of BTSUSD going up toward EMA 100 but I expect BTSUSD price to stay between the 100 EMA and the 500 EMA for a undefinied short time frame (3-4 weeks). From experience, i see BTS price going throught his ending phase of a bear market cycle.
May i add that last month i have discussed with a member of Lykke team member. I didnt want to realease this at first because i dont want to speculate, i normally wait for the official realease. The team expect to finish BTS implementation of BTS as main currency in April. Lykke will provide a fiat ramp on/off for BTS on the same time (you will be able to transfert the money in your bank account and vice-versa). Funny thing is EMA converge toward this similar time frame. As you know, I always said that news will come to justify the expected price gain and not the contrary, thats the primary difference of philosophy between ellioticians and fundamentalist.
BitShares Falling WedgeThe price of Bitshares has formed a falling wedge and is now moving above a support. It might soon breakout of the wedge or break through the support and go to the bottom of the wedge, but this will highly depend on Bitcoin.
$BTS IdeaPrice broke out of a falling wedge signaling a great buy opportunity.
I see prices possible forming a head and shoulder formation which may or may not form.
Lots of ichimoku resistance but I see buyers coming in fierce.
BTS is making a decision, up or downGood trade opportunity in BTS/USD. Breaching the trendline will be harmful for long time perspectives of BTS/USD.
BTS Extreme Bullish ScenarioI expect it to make a move on 27. feb and than 8. march and then bull starts. this is the extreme scenario, im expecting at least 2 usd anyways
Clear Opportunity This analysis is originally based on the analysis of the remarkable Mr: JolleyCrypto
GOOD lUCK
Start of a 3rd Wave headed toward .50 - .55?It looks like the correction from my last idea has finally ended. Maybe we stay flat or maybe the volatility continues.
