Chartomatic

BitShares (BTS) Trading Setup

Long
BINANCE:BTSBTC   BitShares / Bitcoin
BitShares is a decentralized platform designed to provide a more efficient global payment network and is commonly used for securely trading cryptocurrencies without any intermediaries.

It was originally launched in July 2014 under the name ProtoShares (PTS) but was rebranded to BitShares ( BTS ) less than a year later.

The platform is powered by the BitShares ( BTS ) token, a native utility token that can be used for several purposes, including the creation of smartcoins known as “BitAssets,” which can have a variety of parameters and can represent practically anything — such as reward points, collateralized fiat-pegged tokens and IOUs.

The BitShares platform is managed by a decentralized autonomous company ( DAC ), which allows BTS token holders to decide the future of the platform, and decide which features to add next.

It runs on an open-source blockchain implementation known as Graphene, which is reportedly capable of processing up to 100,000 transactions per second ( TPS ) — making it faster than both MasterCard and VISA combined.

As of January 2021, BitShares is in the process of a relaunch, and will be going through several major changes throughout going forward.

BTS is one of my fav's, completed by the ones that I have already posted. It's one of the old school coins I was trading back in the days, with a huge upside potential.
You got trading setup with entry points in support zone , and also resistances.

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Comments

Hits R1 then back in P point, is that sweet? Yes it is. It means chart is drawn correctly and trend has changed. Good luck!
Reply
When do you expect movement? Volume seems rather small, with just ~40 BTC of 24h volume @ Binance.
I think we need an increase in volume and a stronger orderbook before we will see real action, do you agree with this? Or do you think we can pump without volume & orderbook?
Reply
Chartomatic ElonMoonsk
@ElonMoonsk, regarding movement I think this weekend we will see if there is upside potential or not yet, as for the move to happen, I have no doubts about it, it's not about IF, it's about WHEN. There were 3 major news this week, first futures listing on Binance, next day futures listing on Huobi, and yesterday isolated margin listing on Binance. So, from my point of view, patience on this one is the key.
Reply
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