so update on my main scenario
(lets restart freshy and name it : A)
- Target : 0.09-0.11
- Pattern : ABCDE correction. 1D low fluctuation in the negative spectrum. Lack of . Conversion line going under base line (see weekly chart (#2)).
- Factors of validation/invalidation : Staying in the log spectrum. Invalidation if 1D cross centerline from bottom
- Opinion : Medium to high probability
- Comments : I love Bitshares and this is painful to watch.
1) original post
- Ladder in (risk management) : 30% at 0.11 - 30% at 0.1 - 30% at 0.09
- 10% in fiat (to buy oversold price)
I did it because it looks like Poloniex legal team is looking into BTS and have some issues with it. It is due to type of tokens that are on the platform. I guess new SEC rules are not benefiting BTS.
Currently there is lot of traffic coming from Poloniex exchange (15-30%) and that is huge risk in case they drop BTS (remember BitTrex story ?).
I know they have big plans with BTS 3.0 and all that, but it looks like it has little effect on price and investor interest at the moment. Instead I invested into Steem, OMG and DGB.
Hopefully, we will see BTS shine again one day... but it could some time.