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BTS/BTC - Cup & Handle - 1D A cup & handle formed on the daily as I predicted yesterday. We can set the target at ~195 sats using Fibonacci retracement. This is slightly below the Fibonacci level. It might be smart to sell here, wait for a sell off and buy it back a tad cheaper. Cup and handle is a bullish pattern that indicates an upward movement after completion. In the current situation, this would indicate that we will see upward movement the coming week. Bitshares is also going to make an announcement today regarding staking & NFTs, which could give us more upward momentum. The MACD has bounced, giving us room for bullish continuation. The StochRSI is also low and pointing upwards, which could indicate bullish continuation aswell. We have hit the 150 sats zone a lot recently, we have to break through these levels. If this happens, I believe we can easily approach 200 sats in a short period of time. I think BTS is looking good, both on short and long term. The coin is heavily undervalued and I believe it will most certainly reach its 1$ ATH again. For the short term, you can use Fibonacci retracement tool to find major sell off points. On the medium term, I think 0,095$, 0,11$ and 0,20$ are good targets. And for the long term, I think this coin can become worth anywhere between 1 and 15$.
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by ElonMoonsk
1
BTSUSDT (BITSHARES) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - BTSUSDT brokeout above descending trendline resistance. - Price action is printing an ascending triangle pattern. - This is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the ascending triangle's horizontal resistance (R1). TARGETS 🎯 - Horizontal resistance level (R2). - Horizontal resistance level (R3). SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
BLong
by Chibuike_Odoh
6
Lets get started tonightOne more trade for today for you, wolves🔥 There is an ascending triangle on 1h timeframe on BTSUSDT. Previous Bullish trend was broken and now the price is accumulating an energy to break. According to Elliott Waves theory Wave D is done and the price is heading to Wave E but the price may break any of zones sooner. So follow the chart and look for the breakout carefully. If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
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by Berzerk_invest
4
BTSUSDT (BITSHARES) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - BTSUSDT is printing a major ascending triangle. - Price is retesting the major ascending triangle's inclined support. - Price action is printing a minor ascending triangle pattern at the retest area. - An ascending triangle pattern is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the minor ascending triangle's horizontal resistance. TARGET 🎯 - The major ascending triangle's horizontal resistance. SETUP INVALIDATION ❌ - Breakdown below the minor ascending triangle's inclined support.
BLong
by Chibuike_Odoh
2
BTSUSD +1000%What Is BitShares (BTS)? BitShares is a decentralized platform designed to provide a more efficient global payment network and is commonly used for securely trading cryptocurrencies without any intermediaries. It was originally launched in July 2014 under the name ProtoShares (PTS) but was rebranded to BitShares (BTS) less than a year later. The platform is powered by the BitShares (BTS) token, a native utility token that can be used for several purposes, including the creation of smartcoins known as “BitAssets,” which can have a variety of parameters and can represent practically anything — such as reward points, collateralized fiat-pegged tokens and IOUs. The BitShares platform is managed by a decentralized autonomous company (DAC), which allows BTS token holders to decide the future of the platform, and decide which features to add next. It runs on an open-source blockchain implementation known as Graphene, which is reportedly capable of processing up to 100,000 transactions per second (TPS) — making it faster than both MasterCard and VISA combined. As of January 2021, BitShares is in the process of a relaunch, and will be going through several major changes throughout going forward. Who Are the Founders of BitShares? BitShares was co-founded in 2013 by some of the cryptocurrency industry's biggest names, these include: \ Daniel Larimer, an accomplished software engineer and the co-founder of several other prominent blockchain ventures including EOS.IO, Block.one and Steemit. Larimer is an esteemed name in the cryptocurrency space and is widely regarded as one of its leading innovators. Charles Hoskinson, an entrepreneur and mathematician who is one of the original eight co-founders of Ethereum — the second most successful blockchain platform (behind Bitcoin). Today, Hoskinson works as the CEO of Input Output HK (IOHK), the research and development company behind Cardano (ADA). As of January 2021, the BitShares core team consists of 17 permanent workers, supported by more than 60 long-term contributors — covering a range of disciplines including economics and legal, to systems admins and highly skilled developers. What Makes BitShares Unique? One of BitShares’ major distinguishing features is its integrated decentralized cryptocurrency exchange platform (DEX), which allows users to trade regular cryptocurrencies, as well as more traditional financial instruments (via BitAssets) without middlemen. Because of its native DEX and support for synthetic assets (BitAssets), BitShares is often touted as the world’s first DeFi capable blockchain. As we previously touched on, BitShares uses distributed autonomous companies (DACs) to produce a self-governing, self-financing system that allows BTS holders to set the business rules that govern the BitShares ecosystem through a secure proposal and voting procedure. BitShares is also one of the few blockchain platforms to completely do away with addresses. Instead, it uses simple memos to distinguish users, making it one of the more accessible crypto platforms. It is also built around a popular referral program that is used to incentivize the growth of the network by distributing upgrade fees between referrers and the BitShares network. It was the first blockchain to use self-governed delegated proof-of-stake (DPoS) technology and has an ~3-second processing time for transactions, making it one of the fastest blockchains currently operating. In September 2020, the BitShares platform underwent a hard fork, leading to the creation of New BitShares (NBS) — a derivative project that is not affiliated with the original BitShares. As a result of the fork, BTS holders were airdropped NBS tokens at a 1:1 ratio.
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by MiguelFTCurado
BTSUSDT (BITSHARES) - UPTREND CONTINUATION ANALYSIS 🔎 - BTSUSDT brokeout above the descending trendline resistance (1) and hit swing high. - Price the retraced for a retest of the flip horizontal support and 0.618 fibonacci retracement level. - The retracement was resisted by the descending trendline resistance (2). - Price brokeout above the descending trendline resistance (2). - Price action is printing an ascending triangle pattern. - This is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the ascending triangle's horizontal resistance. TARGETS 🎯 - Horizontal resistance level R1 - Horizontal resistance level R2 - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
BLong
by Chibuike_Odoh
2