Bitshares (BTS) Update: All Time New HIGHS Approaching!! Target $0.55; Check out this Analysis!
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SUMMARY
Bitshares (BTS) has had a phenomenal run to as high as $0.206. For me, that's 357%!!! But, you ain't seen nothin yet!
Below chart shows how BTS put in five impulse waves on the left and did a massive correction as a,b,c waves. Given how extended the fifth wave was, this level of correction was not surprising...actually expected! Thus it was a foreseeable event!
Now, price is comleting the Cup & Handle pattern...extremely BULLISH! I had forward discerned this pattern weeks ago! So, the handle formation is almost done. I've also positioned the resulting next round of impulse waves and we could see ALL TIME NEW HIGHS!!! Target is $0.55....!!!
BTS/BTC target remains unchanged. However, check out the blue Cup & Handle projection. The handle formation could coincide with the wave 2 minor correction! As BTS/BTC is lagging the BTS/USD pair, fireworks are about to go off on this pair!
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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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 am glad I have my 100,000 shares of BTS
Gotta love that cup and handle formation. Lets see that bullish rise.
All I have to say is. 1) bts. 2 eos. 3) steem. I know I keep repeating myself. But ppl just don’t get it. Lol all the way to the bank. !
ADD BTC and im with ya tt-dogg!
Mo Money, Mo Money, Mo Money...
For the long term I'd say 1)EOS 2)STEEM [watch out for SMT] 3)Bitshares [Getting overshadowed by EOS/Death by EOS]
What order matters not to me. As long as it’s the big 3
Totally agree. Bitshares is the most undervalued out there.
eos & bts are doing very well, steem should also follow the similar pattern.
thank you for the update!
if you have time, what about EOS ?
i was waiting for a dip but there was hardly any ...
thanks again :D
@haejin do you think we will ever see bitshares over $100? I know you are very bullish on BTS and I want to understand what makes you so certain from purely TA perspective?
Haejin's logarithmic chart at $342
I have been reading haejin's every post. What I do not understand is this finality, in which $342 is crafted. Following the same pattern, we can get easily to $968 after a few corrections. Why don't we go there? Why not $2,698 shortly after?
After three wave correction at $342, I'll look forward to $968, and after another three wave correction, I'll look forward to $2698.
https://steemit.com/bitcoin/@haejin/bitshares-bts-analysis-how-bts-can-make-new-multi-millionaires
Dec 2017 > $0.28
Jan 2018 > $0.60
Feb 2018 > $1.31
Mar 2018 > $2.83
Apr 2018 > $6.13
May 2018 > $13,24
June 2018 > $28.60
July 2018 > $61.78
Aug 2018 > $133.46
Sep 2018 > $288.28
Oct 2018 > $622.69
Nov 2018 > $1345.01
Dec 2018 > $2905.22
how are u multiplying price each month by a factor 2.1 times the previous month ?
Once we break through the $333B total market cap that we bounced off of a couple days ago and bitcoin begins to rise to new all time highs again, look to see the new market cap out at $500B and watch BTS/BTC rise with it.
Maaaassive Prophetssssss....
Nice one :-)