BTS SHORTGreat BTS short entry. Wave 1 has ended and wave 2 has rocketed to the biggest price possible ( in order to no violate the wave structure) .
See attached for bigger picture
BTSBTC trade ideas
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.
is bitshares going to skyrocket time will tell?with the way the charts are showing on poloniex it looks like bts is ready for a bull run my chart is based on the poloniex bitshares
Fast trade +34% 1 dayBTS got a might engolf like most altcoins when it was about to start a 5th wave, looks like with BTCUSD rebound it is going to fix everything or almost. This setup starts on the green dash line, after crossing it and stable above it, make another look into BTCUSD if it is still going up too I am going to enter with a trailing stop, which means if it reverts our stop get us out of the market with profit or not.
BTS Elliot Wave UpdateIt looks like its forming a Rising wedge.
This is the ideal location for a rising wedge : the 5th wave of a C wave.
Will try to make some cash on the bounces and place a short near the end.
* the final waves should be closer to eachother
BTSBTC Triagnle formation Double Three with a Triangle We're in the 4'th wave of the C correction
There should be another wave 5 up, it will resume the downward trend.
Closing all my trades until wave 5 plays out.
Will range trade in the triangle\wedge
Bitshares retracementIt was a bloody correction of bitcoin during last days. Bitshares was stable longer than many other altcoins but at the end it was dumped hard due to margin calls. I think a correction of bitcoin is not finished and we will probably have one more bloody day before we finally go up. But before that I expect to see some retracement of bitshares. And anyway in a long run bitshares is a very good coin and we will see new ATH during next months.
Correction to previous chart Elliot wave I messed up my labeling/ prediction in the last chart. here is the correction.
The overall direction was right tho, just because the higher trend is down.
Price is at resistence, could be a good entry for short. Place stop loss.
BTS Short Update on larger scale chart
We're in Wave 4 of A . Double Three with a Triangle Y correction pattern elliottwave-forecast.com
BTSBTC Short trade setup BTS will correct a bit after it broke out of the channel, forming corrective wave No 4 , but it shouldn't get higher than D (3737)
Open trade : as near as you can to 3737
Target: 2500
Stop loss: a close after 3800
We're in a Double Zigzag correction : textbook form here www.elliottwave.net
Papa's first BTS FractalWas just testing out fractals on BTS. Charts started following it, so let's see what happens!
BTS BUY ENTRYMore elliot, subjective rally hit 7000 Sat.
In this time stoch RSI very possible jump to top, but you must be carefully, if candle broke the uptrend line.
good luck.
BTS IS ABOUT TO SHINEHi guys,
From a TA point of view, BTS have finish his correction. Thank god it didnt trigger a panic selling to lower expected target. Indicators are very healthy and show strong bull signals. I can now put the bearish count behind us. I must say that BTS have a nice strong hodler base as you can see we pushed perfectly this line :
I was telling you all that we needed this macd 4h signal to stay positive () and we did it !
In my anterior post i posted on the 29 january signs of reversal, you oculd see this as i buy signal as i never explicitly told my followers when to buy when to sell.
According to EW rule. Wave 3 is at least 1.62x wave 1 Y values. Which mean somewhere between 14 000 sats or 17 000 sats. Positive trend are going to attract alts coin investor as they are so rare since BTC bearish run push everything down, this phenomonum is going to give nice impulse wave to BTS.
Cheers,
Take care,
Simon
bitshares breakoutbroken out of flag, eliott wave confirms wave 5 is coming, target1- 4.9k sats target 2 6.5k sats
BTS BTC: Elliot Wave 5 ready to goThere is a strong possibility that there is another rally coming. Here's why
1. The wave principle has not been broken by the new low. The 4th wave has not overlapped Wave 1. This means that we're due for another impulse wave. The guidelines says that it should be similar to wave 1 in length
2. There are reversal candles near the trendline support.
3. STOCH RSI Bullish divergence - see purple lines
4. BTCUSD fear is cooling off and is trading sideways . A trend upwards could boost the start of the new BTS wave.
Target: 5000.
Stop loss : a close overlapping wave 1's price line
Don't forget to take profits along the way.
BTS WyckoffIf you fib this out starting from the uptrend its at the 50 percent mark. Wyckoff indicates that its a good buy in addition to a possible bull flag formation playing out on the daily. The fractal that many are keeping an eye out for may indeed play out.
BTS Fractal, ready for the BIG MONEY BANG 2500%
Bitshares (BTS) started its actual bull run on 14th March 2017 at the price of 523sat and rallied for 3 months til June 13th trading at 14103sat which indicates a massive profit of 2596%.
History might repeat itself on the *FRACTAL* pattern shown in BTS/BTC chart shown below. *A CUP and HANDLE* formation would complete the price action following the *ELLIOT WAVE THEORY*
This could be the opportunity most traders missed last year Q1.
Make your trading decisions, who knows, you might be the next billionaire from 2018 and beyond
Your comments and questions are welcome and would be responded to as soon as possible.
*If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider some donations:*
BTS Wallet - trizle1
BTC Wallet - 1AxEcPUi6nNQDaaT8CKTohmBKeYFhUJyFE
ETH Wallet - 0xDFf7E134291E1C82F98E3976be47BC3484F595B9
LTC Wallet - LbpwNMUYPj2uPMXh6RiDwvzap7UBtQGiAS
Rocketing for first target of +113%BTS is looking set to a return of 480% to its ATH, on its path the first target could start anytime from now on as the inner wave 4 is basically finished and 113% in 7 days is not that bad at all.
Bitshares BTS/BTC C&H while agressive 3rd wave!We are within a Elliot Impusve wave. Completed correction wave 2 and are now in the longest wave 3. Currently building a huge Cup and Handle formation. When this gets ab, I expect the next move to be very impressive. To above 7000 + sats levels
BTSBTC high risk reward vertical ascent (speculative)Looking at the current and past price structures of BTS/BTC they are strikingly similar and are even on the same BTC levels. We all know history tends to repeat itself.
Bitshares Market update 29th Jan 2018 BTS/USD Binance
This is an update on BTS buy signal 11 days ago on my previous post steemit.com
Market: Binance
Coin Pair: BTS/BTC
Buy signal: 3046sat
Current Price: 4123sat
BTS from 3046sat to 4650sat, while some traders took profit indicating the correction ongoing at the moment trading 4123sat.
BTS is expected to go higher after this correction phase.
