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Bitshares

BitShares - The End Of Correction?BitShares fell down to 3k satoshi support after reaching the high at 6.6k satoshi in January, while the decline resulted in over a 60% loss to Bitcoin. The strong support was found at 61.8% Fibonacci retracement level, that price failed to break and close below, although spikes lower have been the case. From 3k support, the price went back up to 4.7k resistance and once again moved down to the 3k support. Currently, BTS/BTC could be forming a double bottom around the support area, which is now also confirmed by the 4/1 Gann Fan trendline as well as the 200 Moving Average which is being rejected yet again. There is also a possibility that consolidation will take place and price will range between 2.3 and 3k satoshi, nevertheless with the given facts, it looks like the correction is coming to an end.
Long
by CryptoPAMM
1
BTSBTC - Longterm PerspectiveAnalysis : BTSBTC is rounding out a nice cup and handle pattern. The current ABCDE correction can be seen as wave 2 of a higher degree impulse wave up. I have drawn an extended 5th wave, as BTSBTC seems to love those. Extended 5ths often lead to very significant corrections, which is why I have drawn a steep ABC correction to follow. You may also notice that wave 3 and wave 4 of the impulse up form a higher degree cup and handle pattern. A cup inside of a cup, if you will! Not much significance with that, I just love recursive patterns :P Target : All signs point towards 0.00040800 BTC! But how much will that be in USD? It's difficult to say... If BTCUSD holds at its current price of 10k, then 0.00040800 BTC would be worth roughly $4.08. However, I see BTCUSD dropping to as low as $1200 over the next 2-3 months ( see my analysis ), so 18x gains in BTC may translate to little in terms of USD. With that in mind, I am somewhat hesitant to trade this, despite the strong technicals. Legal Disclaimer : This is not financial advice and I am not a financial advisor. This is merely my opinion and is intended for educational purposes only. All investments have risk and you could lose everything. Never invest more than you can afford to lose and always do your own research prior to making investments.
Long
by triangles_and_lines
4
BTS/BTC Bottom may not be in but +1000% VERY LONG TERMHi guys was doing some personal analysis and decided to share as BTS 0.00% is behaving strangely at the moment. The weekly chart looks great we have definitely reached a bottom and are still in a clear uptrend and can see plainly the nice wave 1 rally. The wave 2 correction as ABC looks like it not done just yet however. Wave C must always have 5 waves down which at the time of writing the current wave C hasn't formed 5 clear waves that do not break Elliot wave rules (I have tried many cases). I also find it hard to believe we are getting a running flat (wave C shorter than wave A) in a bear market as well as taking into account BTS 0.00% had one of the weakest bounces I have seen from BTC's 6k dip. So for me my primary count is further downside which I have drawn for you. 1D INDICATORS RSI: Looks to have formed bottom MACD: More room to go down BUY ZONE AND TARGETS Buy zone: Anywhere between 1800-2500 sats -2.57% . Targets Mid term: 4500, 6000 sats -2.57% . Targets Long term: 12000 sats -2.57% Targets Very long term: 18000 sats -2.57% (new ATH -0.47% +1000%!!!) This is a very long term trade so do not expect the annoying moon anytime soon. *Not financial advice*
by HyperionAllied
6
BITSHARES YEAR END TARGET $3.00-$3.50! %1200-%1400 Profit! Bitshares looks ready to break the correction phase of wave #2. We have completed A-B-C-D of the correction phase (also coiling pattern, or triangle). There is still the (E) touchpoint that has yet to complete, but also, may not. We could simple break out of our triangle here at (D) and continue upwards. Either way, this is a long range projection target. Wave #3 would take us to about $3.00. Correction wave #4 would bring us back down to about $2.20. Final impulse wave #5 would then take us back up to about $3.50. All of this should occur before year end. Also, it is worth noting, should we have a major hack on a centralized exchange (more likely than not), decentralized exchanges like Bitshares will become extremely popular, increasing the probability that these targets will be hit and exceeded. Happy trading my crypto friends.
POLONIEX:BTSUSDLong
by stewdamus
8
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
POLONIEX:BTSUSDLong
by Perspect
1
Bitshares ready to share againBitshares has been around for a long time yet has been somewhat forgotten about amidst the mainstream adoption of BTC The realization of a decentralized exchange, without shady passport and address approval systems baiting the authorities to come and have a look; will only gain popularity as the crypto space emerges further mainstream in my personal opinion. and for that reason combined with promising signals on the Long term charting, im Long on Bitshares into 2018. Potential buy zone around 1000 satoshis but i may be wrong and the Rocket could take sooner.
Long
by Basil13
2
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!
POLONIEX:BTSUSDShort
by astoinis
2
Bitshares possible movementThere are two possibilities for bitshares now but both of them at the end will lead us to previous local ATH. Everything now depends from bitcoin, if it goes up bitshares will follow it and we can have a breakout of a triangle. There are also some good news for bitshares which can influence it's price: 1) Bitshares has been upgraded to B- on the well respected Weiss cryptocurrency ratings. 2) Lykke exchange is going to list Bitshares and also implement it's blockchain. Also yesterday I had a conversation with the owner of a big ICO (I can't tell you the name) and he told me that he is going to use bitshares blockchain for his tockens in addition to ethereum one. That's why I'm almost sure we will go up in a long run. Bitshare is a good coin to buy.
by Pandamonster
1