Updated
BitShares (BTS): Decentralized exchange looks bullish
Hi guys, I was reading about this dev and It seems to be a great stuff, It consists of a decentralized exchange plus a lot of dapps. In past days BitShares announced the "PeerPlays Drops", which is part of a vast developing which includes Openledger, BlockPay, etc.....
When BitShares releasing, the price started bottom up, which is not common in alts, as the most of them start in higher prices. So this means BitShares would probably have to make an important retracement phase to settle and accumulate, so that happened. It is for that reason BitShares didn't look like other alts.
In a day timeframe we have a H&S and at the time a descending wedge, this means it is very probable the commencement of a long-term bullish rally.
Let's see what happens in the next weeks.
These are my past publications:
When BitShares releasing, the price started bottom up, which is not common in alts, as the most of them start in higher prices. So this means BitShares would probably have to make an important retracement phase to settle and accumulate, so that happened. It is for that reason BitShares didn't look like other alts.
In a day timeframe we have a H&S and at the time a descending wedge, this means it is very probable the commencement of a long-term bullish rally.
Let's see what happens in the next weeks.
These are my past publications:
Note
Trade active
Good times coming to BTS Note
Possible correction Order cancelled
Only bots trading now, low volume...I will wait out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.