Bitshares / Bitcoin (BTS/BTC) Analysis: BULLISH!!! Target 0.0002 Bitcoin (21x Profit Potential!!)
SUMMARY
These are the types of gift horses that you don't want to stare at the mouth! Here is an extremely bullish BTS/BTC Elliott Wave count showing that blue circled waves i,ii,iii,iv,v placed a very nice impulse and wave v was very extended. This most usually leads to a very deep retracement and it sure did! The requisite red a,b,c three wave retracement went as deep as the level of blue circled wave ii. But, I think the correction will shortly, if not already, be done!
If the red a,b,c correction is complete, the first sign of a trend change will be for price to impulse upwards. Look at how BTS is basing from mid October to now...it's creating its launch pad, IMHO. The rocket fuel will be pent up bulls coming out to release all its buy energy! What? Bittrex delisted BTS? No Matter! What? Volume is too thin? Not for long! So, let's see if an impulsive break....no surge...no blast off to the upwards direction occurs. Hold tight...anytime now.....be ready. You should be laddered in with a few more lower rungs in place.
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
I appreciate you believe that TA begats the fundamentals but perhaps this is the fundamentals that you have already identified:
https://www.cryptoninjas.net/2017/10/23/openledger-proposes-bitshares-3-0-blockchain/amp/
Thanks Haejin these posts really help. At your convenience, can you please analyze Maidsafe Coin (MAID) and No Limit Coin (NLC2)
very nice as usual!
ETH is doing well as expected. What are your targets? Is it possible for ETH to reach ATH or will this be just a small increase?
no change from last analysis
Thanks.
Could the chart for the previous ~7 days can be considered cup&handle or does the bottom need to be more curved?
Not really
It is an exciting outlook and one that if it does hit your ultimate goal of $340, could mint people a lot of money.
This is interesting because few people truly believe these opportunities exist.
As I noted in another post, this is worth $100 at a minimum even as a flyer.
Long term hold on this. Trade only 30% of it.
Quick question for you haejin. I've noticed that some of your charts are logarithmic and some aren't. What are the reasons why you choose one over the other for particular charts? Also, can you take a look at NXT? Thank you so much for everything.
When there are huge spikes, log better normalizes it.
In the few months that I've been following your blogs, I don't think I've ever seen you so bullish on a coin.
When you see a probable potential, you feel it in your bones and in your blood and in your guts!
Thank you!
thanks
haejin , who trades BTS shares now ?
since im in NY i cant open a poloniex account,..
tia
You can sure open an account at www.bitshares.org
It's not the easiest to use, but poke around and learn. Then it'll be easy.
thanks again!
We have official BTS DEX (decentralized exchange)
Bitshares.org/wallet
Or open ledger...
bitshares.org is slightly easier