SimonMercier

BTSUSD:As MACD going steady at the bulls. Bulls lead probability

POLONIEX:BTSUSD   BitShares / Dollar (calculated by TradingView)
Hi guys,

I will keep it short and sweet as im posting this between 2 homeworks.

Im starting to be realy ambivalent as time pass and indicators stabilizes for BTS             . As you know i was bullish in April.. and April at the moment shown to be effectively bullish . I gave the mission to myself to post my objective point of view, in the respect of my follower if im starting to be ambivalent about an ABCDE count that i projected, i should let yall know and give my perspective to yall so you can make your own decision based on what i said.

In my past posts, I was waiting for the last point; point E (a new lower low). This scenario loose some weight as time past and price & indicators stabilizes. BTS             showed low fluctuation past days, even a grow while BTC             showed much more bigger fluctuations. So my inner question is : what if it was all this time an ABC correction. On one hand i expected an ABCDE but on the other hand an ABC correction can be possible. The current price sitting right now at the lvl             of the past major 1-2 of the precedent bull run, which by experience an ABC correction end

If you bought on my recommendation at 0.09-0.1-0.11, then dont touch it. If you sold 30% at 0.13 and higher as my risk management strategy was saying, then look to re-enter at no lost / or / if you sold higher than now try to make your own conclusion if you wanna wait or enter. **always keep 10% fiat on hand.**

To conclude : Im not calling an immediate up in price. Im retrograding the new lower low from 'high probable' to 'probable'. Then when/if MACD crossover centerline to the positive spectrum, then the lower low will be again downgraded to 'low probability' etc. etc.
Trade active: So i was practicing wave count. If BTS is bullish we should saw the first target at 0.21

Could have this form :


Or this form :


could take some more time before going there. But at least i have this one target to test the trend. Following this count would secure the bullish hypothesis.
Trade closed: target reached: 0.21 reached
Trade active: 2 months ago i eas talking about bitshares going to have a fiat ramp on Lykke trading platform. I just have received confirmation from the team that Bts implementation shoud still be in April. They will use Bts as the backbone main currency of the platform. Follow lykke trading platform for tge official release this month !
Trade active: BTS listed on HUOBI today ! : https://www.huobi.pro/fr-fr/
Comment: i will try to find a data for a new all time high target for BTS in my next post. Working hard to try to perfect my method on bullish impulse and cycle. stay tuned !
Comment: recommended at 0.14, now at 0.22. Thats good profit already.
Trade active: Next target. If data stay like this we can interpret that the next target is there. Definitely a part of my next major update on BTS but will wait at least to tomorrow to see if this target is to be considered. As for now, perfect fibo & EW proportion for wave 1-2 & 1-2 minor :
Comment: Going as expected
Trade closed: target reached
Bitshares is different from bitcoin right? I notice you follow bitshares a lot. Why bitshares?
Reply
SimonMercier samiswilf
@samiswilf, i will answer later. Got a lot to tell you my friend
+1 Reply
samiswilf SimonMercier
@SimonMercier, Thanks. And thanks for posting and contributing. I read all your posts and appreciate that you make them.
+2 Reply
SimonMercier samiswilf
@samiswilf, thanks sir i aprreciate this !
+1 Reply
I like your chart,and I have followed you. I hope you can Follow Me at the same time.
+1 Reply
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