Bitshares (BTS): Is this Just a Bounce? Keep an Eye on Bitcoin!
SUMMARY
I believe Bitcoin (BTC) is bouncing and Altcoins are following. The below BitShares (BTS) bounced off the 0.78 Fib level. Thus far, the BTS bounce is very three wavish as labeled by a,b,c. The first target for wave c is the 0.5 Fib level or $0.4799. The white impulse wave for the likely one more lower low is shown making a tag to the lower support zone at around the 0.866 Fib zone near the horizontal white line. Again, much of this depends on Bitcoin's direction.
The alternate scenario would allow the a,b,c rebound to extend further to the 0.38 level. However, this likely means that the pathway is different but same bottom destination. The white impulse waves would be expected to stretch towards the white horizontal line.
Legal Disclaimer: 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.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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If the price drops lower as you suggest it will give me/us the opportunity to load up on BTS before the next surge! Let’s hope you are right.
That is the thinking of a true investor! No greed, no fear, no blame; just awareness and confidence! Well done!
Really waiting for Bitshares to get back on track!
Thanks for this. I posted my prediction on BTS a cpl days ago. Would be awesome if you could give feedback on it:
https://steemit.com/bitcoin/@benkalashnikov/bitshares-bts-analysis-403-potential-profit
haejin TA is like this pile of poo!!
can u i get an up vote bro
i got you
me too guys lol
i got you!
I got you, too.
I upvoted up. Get me back.
Got you both👍✅
right back at you!
Got you both 👍✅
Don't buy any crypto until you see this: https://steemit.com/bitcoin/@investingtips/why-i-see-another-crash-for-bitcoin-and-the-general-crypto-market .
Looks like Bitshares does not care about BTC price anymore.
You got it cheers 🥂
Same :)
HERE IS WHAT HAEJIN TECHNICAL ANAL CHARTS LOOK LIKE!!!
I just upvoted everyone on this post! Hit me back with an UPVOTE!
Great breakdown.
D day is coming... ;)
Will bfd on bts. Haejin can you do reddcoin sometime.
Utilizing the BTS pairs, I've increased my BTS holdings and will keep making more BTS in the future.
please explain? I suck at trying to obtain more coins lol.... I swear it looks like its about to drop so I sell it and try to get lower.... it doesnt drop 😥. Then when I buy back and hold less it starts to drop lol.
How have you been able to get more?
Simply day trading it? buy the dip and sell the spike?
You should watch @haejin ‘s Elliott Wave tutorials he has posted at the bottom of his videos. They explain a lot and have helped me a lot when it comes to predicting price movement
thank you. I do watch them and I have the books. i am doing pretty well but on the shorter term trading I cant seem to get a good understanding. like day trading using Elliot waves. it seems that its not as accurate.
What do you think?
Don’t day trade, just swing trade, that’s my advice. It’s too hard to time cryptocurrencies from being so viotile
Day trading is impossible!! Extend your timeframe !! Look for C bottoms then HODL for profits!!
@ryan313 and @bitshareboy
But, but, I get so bored!
any hobby suggestions? I wish I could go to some crypto events or something. I work from my computer but all my friends work day jobs lol. So I have nothing to do but day trade when I am bored. aka loose money
Write detailed blog posts about your fears and thoughts, and why you make one or other decision. How it relates to the theory in books and what scenarious can happened and your actions.
I have the same problem even if I am trading while doing my day job. It is a really bad habit. Take some time to plan a solid strategy for the next months and do your day trading in a paper trading account. If your paper trading looks better you can switch back ;)
If you want to day trade, definitely check out https://steemit.com/@philakonecrypto He both swing trades and day trades. He's super transparent and has a lot of tutorials, live trading videos... etc. He uses EW, trendlines with RSI and MACD.
Buy feezcoin lol
Good post creative information friend that serves us all is very important and is what is spoken today! Congratulations friend, you have my little vote