A second chance to buy in BTSBTC , Don't miss it.BITSHARES/BITCOIN
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* There is still possibility of temporary retracement to suggested support line(0.0000275), if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If the support line at (0.0000275) is broken, the forecast (Continuation of uptrend) will be invalid.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 7 BUY trade(s) @ 0.00001790(day close price) based on the reversal candle (Bullish Engulfing) at 03.29.2018.
Total Profit: 9900
Closed trade(s): 1110 Profit
Open trade(s): 8790 Profit
Closed Profit:
TP1 @ 0.000029 touched at 04.19.2018 with 1110 Profit.
Open Profit:
Profit for one trade is 0.00003255(current price) - 0.00001790(open price) = 1465
6 trade(s) still open, therefore total profit for open trade(s) is 1465 x 6 = 8790
All SLs moved to Break-even point.
Take Profits:
TP2= @ 0.000047
TP3= @ 0.000059
TP4= @ 0.000071
TP5= @ 0.000102
TP6= @ 0.000176
TP7= Free
Technical analysis:
BitShares/Bitcoin is in an up trend and continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 51.
BTSBTC trade ideas
BTSBTC : Major 1-2 could be in with 12 000 sats as targetHi guys,
was about time to post a full work.
The TA method on a bullish market differ a little of a bearish market one. In the bullish market the wave must respect specific proportion to have a valid EW count. EW must enter pretty strict rules of fibonacci proportion. If you read all my past post i started to spot early bullish movement by apllying the standard proportion :
the wave 1-2 which is wave 1 = 1 and wave 2 = 0.618 of wave 1.
So here we have an wave 1-5 completed with fibonacci propotion (see anterior post) for BTS. I use the macd 1D and macd 1W to see where is located the count on the historic of price on BTS. For now, it is pretty reasonable that we are still early in the bullish run which de facto let you think that more is to come. the amplitude of the rise in price are still reflecting minimaly in the macro MACD. So lets go by naming first round of :
wave 1-5 -- major 1
(original post)
MACD amplitude reflection on the 1W :
Major 1 and major 2 are for now respecting correctly the propotion with a standard ABC (with a 1-5 in the C) to fibo 0.618 of the projected :
major 2 :
You can see that the same method reflecting on past events :
According to this, if BTS consolidate here at 3300 sats or so. I have everything pointing me that a major 1-2 is hidden. So i apply the standard fibo/EW proportion to project a potential end point give us : 12 000 sats target.
Hard to say what price in USD will be at 12 000 sats. I had 1.26 or 4$ in earlier projection of BTSUSD. Thius will be subject to further work as BTSUSD must take into consideration more factor that impact the fluctuation as BTCUSD price itself.
So i say : Lets start from here, BTSBTC and go step by step with the rest.
BITSHARES - Uptrend + Cup and HandleBitShares is still very hot.
We experienced a correction that was a bit bigger then expected, but if we look at the bigger picture it makes sense and even was necessary.
We just confirmed the uptrend-line and formed the handle for the big cup and handle.
Indicators are down as well, so plenty of room to grow.
BTS, good for one more spike?One of my favorite underrated coins/projects... Bitshares has been strong since April, nearly tripling in BTC price. Hidden bullish divergence is strong on the 1H chart as price consolidates in a symmetrical triangle, suggesting continuation of upwards trend despite the long term chart showing completion of impulse waves. This is a high risk short term trade with a high potential reward. Breakdown of triangle would potentially lead to a longer term correction before ultimate continuation of price rise.
BITSHARES Shortterm - Bullish Pennant ConfirmedAfter publishing BitShares analysis especially for the longterm, now some shortterm analysis for my fans.
If you ask why I only publish BitShares analysis at the moment, the obvious answer is because BitShares is the most interesting Altcoin at this moment.
After so many government breakdowns, hacks and exit scams of various exchanges ofter the world, it is again obvious that we need a solution for this.
Sure there are other good projects out there as well, but they already have a much higher marketcapitalization than BitShares. And as we are viewing the whole situation from an investors side, it is important to get the most % ROI.
And last point is that BitShares can be margin traded on a trusted US-based exchange.
BTS ready to go boom!I know it's a lot to take in, many would say this is too many indicators, and I agree. I only wanted to prove a point by showing that there is confirmation across the board for a breakout. Volume spike= BOOM. Lets see how it breaks. No volume = the bulls will lose interest and sell and the bears will break down the price with shorts.
BITSHARES - Ready for monthlong bullrunWe look at the monthly chart here.
Some people say it's not the same with cryptocurrencies as with the stock markets and that you cannot use long timeframes like monthly ones, but if you look at the history of Bitcoin, it worked all the time.
It will work here as well, because technical analysis and looking at indicators is just making sense. If indicators would not indicate the next price move they would not be called indicators.
And as we are lazy traders that don't wanna daytrade but just want to buy now, hodl and then sell in a few weeks/months, we look at the monthly timeframe.
I published my first idea on Bitshares 1 month ago when it was at 2000 Satoshi. Anyone who listened to me made 100%, when Margin Trading on Poloniex 250%. Not bad for one month, is it?
Now we are at 4000 Satoshi. And I say, you can at least quadruple your investment from now on. The rallye just started, this is going to be huge. It is almost secure that we will see 3-5 bln marketcap already the next weeks.
What I wanna say, the rocket did not started now. The first train to the rocket airport may have already departed, but there will be some more expensive trains for the late-comers. And ladies and gentleman, the journey is still worth it as fuck!
Bitshares bullish formationBTS is currently in an ascending channel, after a sharp increase, giving us a nice bull-flag formation. Zooming out to the daily, we can see previous price action in the 0.00004700 area. I would expect for us to re-test that level. I see great potential in this project. Decentralized exchange/banking/financial services. Market cap still under 1Billion, it has room to grow. Do your own research, good luck
Go, go Bitshares! This is a update of my other analysis of BTS. Well... BTS is about to break our great resistance. The indicators demonstrate that there may be (or not) a minor correction, before overcoming the green patern of resistance. After breaking the green patern of resistance, BTS should fetch some targets as I pointed out on the chart. Above the dashed line, if you can overtake, the target is free. See ya ;)
BTSBTC BULL-BABYbaby bull run for the big bull run on BTS.
Will rise with bitcoin as it did in the past, HOPEFULLY.
but its crypto, maybe it just does what it wants whenever it wants.
Chart shows some big gains ahead, over the $1.00 USD equivalent. But first, has to break thru the 55-58 cents range.
patience is victory.
bigger picture
below