BitShares (BTS): Short Term & Longer Term Perspectives
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SUMMARY
I hope you've all had an enjoyable and memorable holidays! While we were merrying; the cryptos never slept!
NOTE: If this Blog post gets downvoted; @ranchorelaxo has our backs!!
Below is the chart of Bitshares (BTS) and the pattern is that of an a,b,c,d,e ascending right triangle. As of now, if the slight piercing of the bottom triangle represents a bull wick; then price should see higher highs.
However, the daily chart with the MACD indicator looks a bit toppy. BTS has had a near vertical run since $0.19 cents and MACD is showing that it could require some rest. The blue circle highlights the area of MACD to indicate a level of overbought state. If so, a correction could occur to alleviate this overbought state in the MACD.
Below shows the BTS/BTC pair and little has changed since the last update. IF Bitcoin (BTC) still contiues to correct or if the demand for BTS/BTC outstrips the rate of rise in BTC; then the very large cup portion should finish at around the 12,290 Satoshi level.
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 this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
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 think this kind of content is too niche to show in the global top 5.
That's huge upvote power!!! 4 upvotes $205.50. This is the first time that I saw this huge upvote power.
Explanation for high upvote : https://steemit.com/steem/@transisto/temporarily-pausing-my-anti-abuse-efforts-while-sbd-is-off-the-chart
Thank you for sharing sir. I will read in to this. :)
Oh I think you misunderstood @transisto. It was just really first time for me to see a huge upvote power like this. Self upvote is really fine with me. I have nothing against it. On love! :)
KABOOOOOOOOOM!!!!!
I love this. What some don't see is if we have massive success with someone like haejin, it could bring a lot of people to steemit. I'd be a millionaire if SP hit $342. Bring it on!
Happy holidays, Haejin. Not sure if you have seen this.
https://steemit.com/haejin/@saadithya/haejin-christmas-tribute-from-fans
Dont miss another update from @Haejin
Anouncing @Haejin SMS notification service > https://steemit.com/elliotwaves/@libertyranger/steemit-new-blog-post-sms-messaging-for-haejin-crypto-annalist-post -- Please resteem this post
This is what happens when BernieSanders attacks you.
I hope your account recovers from berniesanders bots. He is a POS.
Crypviser announced:
“Crypviser concerns about recent problems within Ethereum network and sees the current situation as unreliable and business critical for our project. The speed of transactions for the authentication system is too important to be disregarded.” They further elaborated that since their application would be used by millions of clients globally they would to bring “superb quality solutions to the market” and one of the crucial factors for them was “maximum speed of transactions.”
I love it! Upvoted!
That is GREAT!
This just made my day! I think this elf invests in Crypto, she seems more excited than all of us :D
Soy nuevo en steemit, porfavor seguidme Crypto_Analysis o jomaqui
thanks !!!
nice
Good info. Let's hope BTC shoots up again soon! Thanks for your post
its all about BTC. Whether you like to admit or not, its the moon that moves the tides.
Please upvote as bernie has downvoted me so much i can no longer upload pictures and video.
Thanks
BTS is among my all 3 investments
Lol :)
Awsome
HAHAHA exactly
PERFECT!
Welcome back. Everyone missed you and need your help. Please keep posting. Due to income that you have helped to generator for my friend and I, we are giving away 10% of everything we make to charity.
Good deed👍. Upvoted
Thank you. It is the least we can do for the gift that Haejin is giving us.
woop woop!! Welcome back @haejin!
Thanks for the update :)
Thanks! Time to get some BTS!
Nice big cup of wealth!!