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BitShares (BTS) Analysis: How BTS Can Make NEW MultimillionairesThe Idea was released by @haejin ot Steemit. This is the copy for TV audience. SUMMARY I am VERY BULLISH on Bitshares (BTS). In this blog post, a log chart is used to analyze Bitshares with Elliott Waves. The below chart shows white roman numeral waves i,ii,iii,iv,v and these are sub waves to the blue wave. 1. Elliott Waves states that after five waves, there is a requisite three waves retracement as shown by the red waves a,b,c. These a,b,c waves also compose the sub waves of blue wave. 2. As a Technical Analyst, I believe the ideal time to buy is at the terminal end of such an a,b,c correction. This is because there is a high confidence event for a trend change to turn up. Since blue wave 1 is complete and blue wave 2 is also or about to with perhaps one more dip, though not required, the next significant wave to be expected is blue wave. 3. This blue wave 3 is expected to take BitShares to never seen price levels. I note that this is a logarithmic chart and not a linear chart so the price ranges are very different. Regardless, Elliott Waves chart five waves. In this chart I have placed also blue waves 4 and 5 which peaks at $342. steemit-production-imageproxy-thumbnail.s3.amazonaws.com No, I'm not delusional. I'm sane in mind and spirit. My analysis is based on Elliott Waves and Chart Pattern Recognitions. Using these have brought sizable profits. I now hunt for that next MASSIVE profit potential and see BitShares as the prime target. It is this kind of opportunity that mints new millionaires, regardless of age, race or creed. A high school student who invests $50 to buy 1,000 BTS at $0.05 could be the owner of quite a bit of dollars should blue wave 5 transpire, and I believe it could. An investment of 10,000 BTS could lead to life changing events. Owners of 500,000 or more BTS would perhaps gain unbelievable resources to help others and do no harm. Elliott Waves states that a news or an event shall arrive to justify the forecast, and not the reverse. So, what event could propel BitShares to such heights? Didn't Bittrex just try and stomp it out of existence by de-listing it? The truth is, I truly don't know what could cause such a bullish rise. Perhaps the government will finally try and start regulating the centralized exchanges in the name of the IRS or SEC. This would cause many wallet holders in these centralized exchanges to suddenly desire de-centralized local wallets!
Long
by Reachbig
10
BTS moon dreams am I delusional? I got crippled by ripple on my last trade and lost some of my life savings. Now Im chasing loses and have shifted my moon dreams to another coin. I am going to put 50% in BTS. No stop loss. I've bought spot and I've also longed it on margin. Red lines are take profit zones. BTC seems be going sideways or correcting after its big move up. Knowing that I closed ripple at 4.1k sats after buying at 5.2k sats even ripple might start to go up because I lose most of my trades. In the same vein maybe BTS will go down now that I've longed it. For this to happen we need BTC to continue its chop sideways or correction and we need banksters and whales to get into alts. Will whales get into alts when every other end of year alts are always ded or correcting? I dont see why this would be any different which is why i might lose money on this trade but such is life as a gambler who got rekt an assortment of meme shitcoins. I doubt I will ever catch a moon before I lose everything. Ill probably end up losing my life savings and cement my destiny as a wagecuck instead of a meme coin trader.
Long
by captrade
9