Bitshares (BTS) Cup & Handle? Short Term Target $0.1054
SUMMARY
Below is a short term pattern and target of $0.1054 or so.
It would be most ideal if Bitshares (BTS) could sustainably breach above $0.10 and stay there. Below is the daily chart with the horizontal resistances. The first is at around $0.10 so breaching that would be paramount. The second is at around $0.205; and of course, once BTS breach that level, anyone with 1 Mil+ BTS coins would be that much richer if they bought at $0.045 range!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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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.**
Bitshares currently does 50% more daily transactions than Bitcoin while having just 0.2% of the market cap. See http://blocktivity.info/
Investors are starting to see past the smoke and mirrors and put their money where real value and adoption are. Bitshares is No. 3 in the world for average daily transaction (Steem is No. 1 and Eth is No. 2). How long can the No. 3 blockchain by use remain No. 30 by market cap? Boooom!
BTS has such great potential. Maybe one of the most undervalued amongst the Alts...
Let’s kick this up a level for Haejin (1) upvote (2) resteem (3) follow (4) tip the man
I love to see all this support. The man works his ass off for us. Trust me, he spends pretty much ALL his free time to help people here. You guys are awesome!
WELL SAID UPVOTED STEEM ON
and comment
steemvoter.com for auto-support.
I remember you talking about BTS at 342usd, but the only question i have bout this is the following:
When using the DEX/Open ledger, the fee for trading is 1BTS. Does this mean transactions will become more expensive of does BTS also have 8 decimals?
Fees are adjustable by voting. Whenever they are too high or too low we can change it
Thanks, will keep that in mind!
Bitshares is being getting some problems due of the ceo left the project, is a very good project but people didn't like the exit from the CEO
Thanks for the TA
It doesn't have a CEO and never had, that's what a decentralized platform means.
Is not a regular CEO like in a company but is a big name and people relate to that.
You're right @ravid but still perceptions count - and Dan Larimer is a big name in crypto so him walking away from a project is bound to raise doubts over it with some people in Joe Public regardless of it's fundamental soundness and potential.
Dan Larimer to bitshares is like Satoshi to bitcoin. Nakamoto is not involved anymore - do you see btc struggling in any way?
I get what you are saying - it adds to people's doubts, but there's nothing we can do about it. People rely on rumors too much for investment advice and then surprised they lost everything
There is talk of it merging with EOS as well.....but none of that matters. A new big name could walk in and blow Dan out of the water.....news is news is news, and it doesn't change the scenario it's going to play out. Maybe Dan leaving is the news that some people were waiting for to get in...we don't know, that's why it's not taken into account in the EW counts and chart pattern recognition.
Dan Larimer didn't walk away; he merely started the project so he could move forward to new things. The team that bitshares is stays in contact with Dan. Dan also created Steem and cares much about these platforms. But an artist has to move on from his works for something new.
Foolish to call it art, which (mostly )has century-old and longer antipathy to the utility that is the prime motive for craft. NOTHING has ever come from the art world that could directly transform the entire world, conceivably saving (or at least preventing the premature and unnecessary loss of) many, many lives, that the application of STEM, especially the math/CS part, in such a crafty way as Dan & company's work...
Please do okcash when you can. Blessings!
Short term and long term would be amazing, again blessings!
check his previous posts, i sold my okcash for a profit but it could still run
Unfortunately: BTS is currently under maintenance or experiencing wallet/network issues. Deposits and withdrawals will remain disabled until a solution is found, which may require an update from the BTS team. Any updates must be tested and audited before enabling.
Ummm.....no it isn't.
That is Polo. They heavily manipulate the market by shutting down withdrawals when BTS goes on a run. Has nothing to do with Bitshares - use the DEX!
I think when Bittrex removes BTS on October 13th, the price would keep going down..
Dude, october 13th was a month ago. Are you a spam bot?
Lol, Sorry Bro I got confused between Oct & Nov.
Anyway, Let's wait and see how is it going to act.
cool, yesterday was a +26% today +33% :)
Thanks Haejin. Any chance of analysis on Verge (XVG)?