TradingView
koryu
Aug 29, 2016 11:58 AM

Will BitShares ever leave the bear market? 

BitShares / BitcoinPoloniex

Description

There has been a 2 year bear market for BitShares. It's like there is only one way -> down.
But bulls start to attack the log down trendline again. Will it break this time?

Comment

this escalated quickly ;-)

Comment

full retrace, typical bitshares
Comments
nathansonic
This is probably my favourite comments section I've seen. Lots of nice follow-on perspectives. Thanks
leo_87
lets wait until peerplays sharedrop finish 17 september and the news on blockpay drop the 5 of septembre, bts has huge potencial from the tech side.
koryu
Didnt have the patience and closed with minor profit before break even. Maybe you are right and its just a retest of the downtrend but there is also the the risk to end up as a bagholder of bitshares. But I keep watching.

leo_87
Could be a retest or may be it is, in any case, you can wait some confirmation before enter again.
koryu
yes, playing it safe. 1050 could be a keylevel
Ingemkts
For me it looks very bullish, in lineal scale it looks very bullish too due to the two H&S's and they are releasing the peerplays in next days...also they have those Openledger, Blockpay...etc. It is a great stuff....
koryu
oh didnt know about the fundamentals, thx for sharing. With some good news it can maybe really break out.
Ingemkts
;) thanks to you for sharing your ideas too
More