BTS
BitShares breaking out of 2 year long down trend.It seems it's breaking out. We have the capitulation candle before this last increase in price. 2 year long trend, that's a long time in crypto.
Number of filled orders just keeps increasing on the BitShares Decentralized Exchange. Liquidity is everything an exchange needs so even though it has a controversial past, it surely isn't dead. Projects are being built on top of it, liquidity and volume steadily increasing. cryptofresh.com
Platform itself has huge potential, could be a sleeping giant.
worlds fastest blockchain bts getting stealthTechnicals:
ranging value, uptrend started from the bottom, volume shows H for high, rsi/obvrsi breakouts.
Fundamentals:
Just saw how much is cooking for bitshares
stealth coinidol.com
1000 transactions per second with verification (most in crypto), 100k possible in future. bitshares.org
3rd most used blockchain:
BTC: ~250k (www.quandl.com)
STEEM: ~85k
BTS: ~50k (cryptofresh.com)
ETH: ~45K (etherscan.io)
ETC: ~15k (gastracker.io)
BTS breakout + STEALTH testnet available "in the coming weeks"Trade based in a @spacetrader public idea. His idea is linked in related ideas, check it to know his outlook of the situation.
I'm now slowly loading of BTSBTC, trying to buy as low as possible a remain unnoticed in the market. Basically i'm trying to buy low 300.
This is a non margin trade and i do recommend not using margin in this trade. This kind of markets can have huge wicks looking for overleveraged traders.
This trade doesn't have fixed targets nor stops, they will be adapted to the market situation. But those white areas are my ultra-bullish targets.
I'm into this trade due to both technichals and fundamentals. Keep reading to know more.
TECHNICHALS
-Daily MACD turned bullish and weekly MACT trying to do so
-Huge and old downwards trendline broken
-RSI's with room to grow
FUNDAMENTALS:
New project named Stealth almost ready to be unleashed, to learn the basics check this interview to company CEO coinidol.com
Basically, this is the most important pieces of that interview
What is Stealth?
"Stealth is a new transaction feature for the Bitshares blockchain that allows every user to send & receive any kind of funds or assets in 100% Privacy. Stealth allows users to hold any kind of funds hidden from all blockchain explorers, and enables users to send & receive funds and assets in 3 seconds or less. Since all transactions are on-chain, you have all the benefits of the blockchain plus the best anonymity and security you could ever ask for. "
When will be Stealth available?
"The core components of Stealth are already finished I expect the Stealth testnet to be made available for public testing in the coming weeks in 2017."
**published 23rd February 2017
After the success of my sdcbtc trade (check it in the related ideas), that had a similar technichal setup and a similar caliber hype event, i expect this trade to develop even better.
BTSBTC: Key decision time and price zoneBitshares has traced a 10 bar 3 day chart uptrend, which culminated with an explosive rally that blasted past the target ahead of time, and ran into low volume resistance, which made the rally close right there, and in the next two bars fall back down.
Right now, by April 3rd, the uptrend time will ran out, which implies a breakdown back to the accumulation base, if the 0.00001373 level doesn't hold for 2 more bars, forming on close a new mode here, which could serve as an uptrend continuation signal, and more reasons to hold and even add to longs, or enter fresh positions if you're not in the trade.
Take heed of the different levels on chart, and watch it closely, I'll update the chart when we get a long entry.
Cheers,
Ivan Labrie.
PS: Check my profile if interested in learning more about this analysis methodology.