Just some quick and rough sketches: import targets are 3600, 4200 and 5k. Now, let me be the first to say that I don't believe in predicting targets this way. First of all, BTCUSD is too twitchy to make accurate predictions at the moment. Additionally, it's all about counting waves and subwaves for me - these Elliot waves will be adjusted and re-adjusted in the...
BTSBTC behaving pretty nicely, despite bitcoin movement destabilising things temporarily. Given previous pivots and final (dark blue) 5-wave structure of the C leg of the ABC correction, it looks like a 0.5 retracement for 2760 is plausible. We could go deeper of course - golden zone between 0.618 and 0.65 retracement remains a statistically probable zone for...
Textbook proportions: wave 3 = 3.618 times the length of wave 1, wave 4 = 1.618 times the length of wave 1. Now it's time for a correction, most likely ABC. The big question, once again is how deep will we retrace? I'm on the fence: VPVR seems to indicate 0.5 for BTSBTC which is definitely feasible given the bullish rumors. On the other hand VPVR for BTSUSD seems...
On the 24th of June, BitShares found the bottom at 1980 satoshis, where it has rejected cleanly 78.6% Fibonacci retrenchment level. Then price went up and broke above the 50 Moving Average and the descending channel, reaching 2800 satoshis high. On a corrective wave down, BTS/BTC retraced down to 2500 satoshis area, where it rejected the 61.8% Fibs level, along...
ENGLISH : If we see a clear reversal on the cryptomarket (i.e. BTC price action goes bullish), we'll most likely see this idea getting confirmed. The entire pattern is there, the handle is a bullish falling wedge. The sell target, depending of when it breaks out from the wedge, will probably be around the ATH, as shown by the projection. OBV indicator is showing...
Everything looks bullish on $BTS. Price action higher lows, EMA Cross, Closed above 200 EMA, RSI higher lows and above 50 and looking to break above the resistance line. A pullback on the EMAs is a buy opportunty. Goodluck! Not a financial advise.
Clear 5-wave going up from june 24th to july 9th, but how deep will BTSBTC retrace? Will it be the black ABC to .5 which is wrapping up as we speak, or are we taking the red ABC down to 0.618, 0.786 or even 0.884? This one will be exciting to watch, as all of these levels have been significant pivots in BTSBTC's recent history... Argument for 0.5 retracement:...
Looking at BINANCE:BTSBTC on a macro level, we can see that it has had two prior breakout on exactly on the 200 day trend line. On the 1st of July, hints of a third breakout were shown with increased buying volume + June 30th was the exactly 200 days since the first breakout. If the 100 day breakout cycle continues and another breakout occurs, it will reach its...
Technical analysis: . BITSHARES/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 59. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . The price...
Technical analysis: . BITSHARES/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 59. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . The price...
Bitshares is currently on its Support & Demand Area. We can look for entries within the 2000-2200 satoshi range Take Profit Zones 2440 2680 2940 3210 Stop loss 1920
Get into BTS around July/August.
Today Bitshares has reached 4/1 Gann Fan trendline, which at this stage has been rejected cleanly. Another major support is 161.8% Fibonacci retracement applied to the corrective wave up after breakout of the uptrend trendline. This is 2300 satoshis level, and previously price has rejected it. Perhaps the confirmation that BTS/BTC has found the bottom, would be...
Hello! As per my XVG chart (referenced below) you can see we have touched the same level on our RSI despite being on a downtrend. It wouldn't surprise me if we saw BTS lazily drop back to the 0.618 low we've seen previously from the price action, but if alts move into being bullish I'd hope for an upper break followed by a climb to the 4600 range. I'd be waiting...
Hello Lads and Ladies, Toady we are taking a look at Bitshares - BTSBTC. On the daily chart it seems tobe forming a huge cup and handle formation. We are going to take a look at what is happening and what possibilities are there for BTSBTC. Basically, as every other coin in this space BTSBTC has seen a humungous push in December of last year. Taking this push...