The 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.
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!
dear... have u looked at the supply of bts... there are more and more advanced decentralized exchanges are coming.. it will be a very tough fight..
gencdahi
⋅
@CRYPTOAWARE, bitshares has a developer team, BTS team will not sleep while opponent dex doing baby steps, bitshares already proved itself since 2014
b-sky
⋅
BTS at $342 means a market cap at $880 bn.
With the explosion of the blockchain tech, cryptocurrencies and DEXs, such a market cap by 2022 does not sound that funny.
Let's see :)
b-sky
⋅
880bn could be roughly the btc market cap in 2022 btw, if it's over 50k.
@WilliamFiltzpatrick, actually this was just an excuse from Buttrex to delist it. Actually the blockchain of BTS is one of the fastest and really decentralized... so... don't believe in the FUD out there.
WilliamFiltzpatrick
⋅
@SmartonoseN, Thanx for explanation... If it is like that, bittrex is even bigger shit that I tought. Thx m8 :)