SimonMercier

BTSUSD : LAST STAND OF THE BEARISH TREND IS NEAR

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

Hehe you know that i secretly watch BTS all of the time !

In a previous post i posted my projection to see BTS at 1$ in april. But for this, the logic implies that the bearish trend need to finish. So here my projection :
  • Target (reviewed) : 0.07-0.09
  • Pattern : ABCDE correction / Zig zag 5,3,5 ( flat correction )
  • Factors of validation/invalidation : Price break the major trend log resistance and exit the bearish spectrum
  • Opinion : Highly probable

My strategy - Risk management
If you have followed my anterior post strategy you have already gained +30% by laddering in with fiat at 30% at 0.11, 30% 0.10 305 at 0.09 (if you subdivised your ladders i.e. : 0.09 0.095 0.0975). So you are already in profit. What i do, according to my projection, is to sell 30% at 0.13 or higher and subdivid again your fiat at 0.07-0.08-0.09 (and subdivise again between each like 0.095-0.09-0.0875-0.085-0.0825-0.08 .. etc.)

I bet this zone gonna be rapidly bought so have your ladder already set because as you see, everytime price enter the HOT BUY ZONE it gets rapidly buy, almost instantaneously. BTS is mature from what i see (i saw plenty of indicator stabilizing) but seems to follow his pathway toward point E. Very exciting time for BTS lover like me, the sentiment should change as price will gain in price in April and give everybody a break for the depressing state of continous lower price.
Apr 02
Trade active: interesting development ! already got my idea about whats next. gonna try to make post today ! go a lot of work do finish before working on chart
thanks for sharing, can tell a ton of work goes into these ideas
+1 Reply
SimonMercier Bobby_Petrino
@Bobby_Petrino, hey thanks !
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Take a look at OBV and RSI in combination - somehow interesting:
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SimonMercier Alex-al-Citadel
@Alex-al-Citadel, yea i got 5.8k too, you can see my scenario on my btc post. im starting working on data gathering for my next post. 5800 seems interesting
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there is a lot of coins based on bitshares blockchain now . many updates . its just a metter of time to bitshares to shine
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By the way, I've just noticed the volume on your chart.
Woow... look at it ... it is almost all gone. I think this is not depletion of sellers but loss of interest. Not a good sign for BTS.
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@MaxL82, it is very common though to see volume disappear for a small period and then bang a huge impulse of buying pressure arrives with these alts/market cycles.
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So sad to watch this but I guess this is how it works with high token supply chains.
Can't believe BTS will most likely enter October 2017 price levels ... yeeezoluuu... talking about price being destroyed :(
Recently I wrote I sold all of my BTS and moved to EOS... one of better calls I made. I think many others who were invested in BTS moved to EOS as well. It is place to be for time being.
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@MaxL82, Im sure that BTS price will rise along with good news. Making a return of the hold hodler to BTS. ONce you know what BTS is aimed for and his tech you cant really forget completely about it.
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