POLONIEX:BTSUSD
Is BTS out of the disparate phase? it looks like going up fast and furious, will see.
There is a tone of resistance ahead, huge ichimoke cloud so could be a new beginning if it can pass through it.
I'm not very optimistic on the price so I think .35c would be good for starter, I'm glad when I'm wrong on price, I might very well be wrong on this...
Next to IOTA I see BitShares as a really good HODL asset from now on.
The breakout of the downtrend occured and the price broke through the first fibonacci retracement level & resistance.
This built a support and I see a lot of potential in the future for BitShares because of their concept (enormous scalability, security, Proof of Stake a.e.)
Bitshares is sharing a very similar fractal to Bitcoin from 2014-2015. I think it is possible that we see a major bull for this next altcoin season. This could happen in many alts, but I'm seeing promise in BTS and XLM.
The fractal I'm referring to:
BTS:
BTC:
Bitshares Displays a perfect Market cycle with a very strong impulsive 5th wave followed by a long drawn out ABC correction.
Bottom is in at support and we are now trending up in the start of a new market cycle.
First Target 0.20 Cents and then new all time highs incoming.
Little known Facts:
Fastest Chain in the world, Can process faster than Visa and...
I have never seen something like this: the begining of an impulse wave. According to this count probably price could start a rally from here.
Alternate scenario: we could be stop out when price touches "zero".
First one is my prefer scenario.
Best regards.
Given that the Segwit2x hard fork has been canceled (for now), there is some price action among alts. We will need sustained bullish action on the daily chart for it to be meaningful.
The lines that I drew are just where the apex may be if we continue on the same trend. It will be interesting to see what happens during this December timeframe.
It looks like delisting bitshares from bittrex has only made people more bullish. I think it happened at the best time too with local low. One of the most undervalued crypto currencies for long term investors in my opinion.
Price is reaching pre-pump levels (similar to price in may). Dont think it will go much lower, already below normal fib buy zones. aiming for 700 mil marketcap
