There is a possibility for the beginning of an uptrend in BTSBTCTechnical analysis:
. BITSHARES/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001510 to 0.00001290). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001510)
Ending of entry zone (0.00001290)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00001930
TP2= @ 0.00002130
TP3= @ 0.00002400
TP4= @ 0.00002750
TP5= @ 0.00003050
TP6= @ 0.00004115
TP7= @ 0.00004870
TP8= @ 0.00005830
TP9= @ 0.0000710
TP10= 0.0001020
TP11= 0.00014140
TP12= Free
BTSBTC trade ideas
There is a possibility for the beginning of an uptrend in BTSBTCTechnical analysis:
. BITSHARES/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001510 to 0.00001290). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001510)
Ending of entry zone (0.00001290)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00001930
TP2= @ 0.00002130
TP3= @ 0.00002400
TP4= @ 0.00002750
TP5= @ 0.00003050
TP6= @ 0.00004115
TP7= @ 0.00004870
TP8= @ 0.00005830
TP9= @ 0.0000710
TP10= 0.0001020
TP11= 0.00014140
TP12= Free
Bitshares : new cycle incomingHI guys,
So lets take a break of counting under 4h charts. Too much micro count lead to at more margin of error because fractals mean pattern in pattern in patterns.. to the infinite (e.g. : 1-5 in a 1-5 in a 1-5/ ABC in an ABC in an ABC, etc.). Lets just keep it very simple for this time. Since i started counting every micro count under 4h charts I literally see charts and graphs in my dreams.
One thing is sure, if we going for a new cycle BTS is projected to reach at least 2$ . Fibonacci tell us to use ratio to have rational projection. I simply use last cycle last low and his high to have a ratio and apply the same logic at our current price.
I wasnt wrong telling cycle ended in August :
I was wrong on some count after that but overrall got nice call and target reach %. I though I was getting crazy calling end of cycle/ end of correction for now almost 2 months, but I am still right in regars of my first post backin August. I get mad at myself trying to find the exact pattern that followed those bounces after we touched, what I am convinced to be the bottom of the correction, knowing that overall on macro time frame I was seeing the exact same thing.
I wont invest the same time I did during last month to count pattern under 4h until we have impulsive waves or seeing something that could indicate that Im wrong on calling this upcoming 'new cycle' not a new cycle. It drive me crazy to go back and forth on 15min/1h etc. for 1 cent or 2. I like clear, detailed and strongl backed projection that small time frame charts doesnt provide. We had almost 2 months to get good entries, now lets get back to real and detailed projection.
I know that I might be wrong like I did in the past. I learned from these. I got better, spooting bearish trend and the bottom :
the first bottom here :
the 2nd bottom here :
Spotted the3rddbottom there :
The last bottom there :
And provided an another good entry here :
So lets be real and stop this micro counting shit. Find the entry that you are confortable with and we gonna count the impulsive wave together.
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Enlighten others
Watch that wave!Since a couple of charts I've been bearish on BTSBTC, in spite of the price moving higher over the past 2 weeks or so. I'm confirming my "Messy Macro View" idea here: there's a strong downwards fibonacci channel at play here, and very little to be excited about in the crypto market. As I've said before, everybody is basically waiting for everybody else to start a strong, impulsive move up. The result is, of course, that nobody's buying much, volume is reduced to a trickle showing little confidence in the crypto market in general, and in the end, prices drop because people phase out of the market. With the little volume there is, people leaving the market can cause steep drops, and I'm convinced the recent Goldman Sachs move was only the trigger for a move down that was going to happen anyway.
But, back to the chart shown here! In fib channels the centerline is key, shown here in purple. From may to july BTSBTC tried to break through, succeeding at the start of last july. The centerline then became support, resistance, support and now, finally resistance again, with the break to the upside turning out to be weak.
So, I think we're about to put in the 5th wave down of the last leg down, as shown above. No predictions about how far we'll go, because there are so many pivot levels that are significant that predicting the right one is a waste of time.
My practical advice at the moment would be five things:
1) Short or stay out of the market. Don't go long for now.
2) Wait for the daily RSI to drop below 30 - something that hasn't happened to BTSBTC in ages. Given that our "bubble peak" in june 2017 went to 87 on the daily RSI (which is 13 above the 70 signal line) , it's only fair to assume that we can also drop significantly below the bottom 30 RSI signal line.
3) Monitor for subwave structure in the current leg down.
4) As the price reveals itself, watch where pivot levels cross with fib channel lines.
5) IF (and that's always a big if) price drops down, dollar cost average in when the subwave structure and daily RSI seem to indicate the end of the wave down.
After that, I'm confident we'll go up again and see some nice gains.
There is a possibility for the beginning of an uptrend in BTSBTCTechnical analysis:
. BITSHARES/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001560 to 0.00001040). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001560)
Ending of entry zone (0.00001040)
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 the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000213
TP2= @ 0.0000260
TP3= @ 0.0000309
TP4= @ 0.0000411
TP5= @ 0.0000470
TP6= @ 0.0000590
TP7= @ 0.0000710
TP8= @ 0.0001020
TP9= @ 0.0001760
TP10= Free
There is a possibility for the beginning of an uptrend in BTSBTCTechnical analysis:
. BITSHARES/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001560 to 0.00001040). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001560)
Ending of entry zone (0.00001040)
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 the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000213
TP2= @ 0.0000260
TP3= @ 0.0000309
TP4= @ 0.0000411
TP5= @ 0.0000470
TP6= @ 0.0000590
TP7= @ 0.0000710
TP8= @ 0.0001020
TP9= @ 0.0001760
TP10= Free
$bts $bitshares looks good compared to most coinsLets look at something else hey?
lots of things look like ltc, xmr, eth, snm, blah blah blah
other stuff long ded sideways
ppc, nmc, pasc, bcy, xcp, fct, vtc and almost ded zec, etc,
some stuff looks good, really good. like mana, and bts is also alright.
$Bitshares Update#2Welcome back!
Bitshares is a coin i recently made a Youtube video talking about why i felt like it was a good buy.
I wanted to update you guys to give you an idea of where were currently sitting in the market cycle.
Taking a look at the daily time frame we have two corrections taking place.
One bigger retrace accompanied by a smaller retrace inside of its market structure.
Both retraces are 5x5x3 corrections which are coming close to the terminal end.
It's possible prices dip lower(as indicated by blue line) Either way, were coming close to Wave One of One and a 100% retrace of that would invalidate the Elliott Waves entirely.
Overall, its a great time to catch the dip!
Want more updates? Subscribe to me on youtube!
Link is in my profile description.
God Bless,
Vajolleratzii