BITCOIN (BTC) Morning Update: Price Pathway & BitShares Laddered Entry Setup
SUMMARY
Last night, I had indicated that the triangle below could have a breach of the bottom white line. And so it did, which thus invalidates the a,b,c,d,e count.
The below a,b,c (red) correction seems to be taking the position of primary count and this chart was introduced last night:
On a longer term perspective, the MACD of this daily chart shows a definite curling down of the white leading indicator which might cross the red indicator. I reiterate that this is not the time to make new bitcoin buying actions but rather a consideration to take profit sell actions during the next leg up, as indicated by the blue line arrow.
Bitshares (BTS) is used to setup a laddered buy entry. The video contains the full details on how local support/resistance regions are used to lay down the buy rungs.
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
I need to add more bitshares to my portfolio
Now is the time, it can only go up and it is very affordable. Risk to reward is awesome on this one.
i already did.
Wonderful post. :)
Please feel free to request analysis of a crypto coin.
What sort of percentage of your portfolio are you looking at investing in bitshares?
Not sure yet. I have BTS and have ladders in place..but could add lots more.
Iam away at present but I’ll have to look to buy in when I get back at the weekend.
Hi Haegin, what exchange are you buying BTS on ? the volumes on Bitshares asset exchange are so low, it is virtually impossible to trade. Thanks in advance
I bought 142K of BTS last night. I went a little crazy but it can only go up from here I feel. Although I must say that Bitshares is by far the most difficult and confusing exchange I have ever dealt with. I use 5 other exchanges along with BTS too. They really need to simplify it, big time.
back in @5130 , destination $6K
Great move, but I think it will be a good idea to sell before the fork...otherwise the timeframe might be a little longer!
That's a good price to jump back in ! You going to sell off at 6K ?
Forgot to ask if Haejin expected BTC crash happens is the best advice to get funds out of exchanges and in the bank ?
in the bank.
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i'm already out of bitcoin, haejin. but i'm still in alts, how do you think this will affect the alts especially ones that are quite low already (BTS, OMG, OKCASH)
I will provide frequent updates as we get closer.