Bitshares (BTS): Patterns, Elliott Waves and Indicators All Point UP!!
SUMMARY
Here is the WEEKLY MACD indicator for Bitshares (BTS). The 12 week moving average (white line) has curled up and is moving to cross the 26 week (red) moving average. This would be a SIGNIFICANT buying signal!! The white arrow projects the potential pathway of the MACD indicators. Also, the MACD is traversing well within the boundaries of a broadening pattern (blue lines). This si VERY bullish in that the prior high of $0.92 is likely to be overtaken by at least 2.5x or 4x. That means $2.30 to $3.68.
Here is the fractal posted on April 21st. I showed price to price markings with the "Your are Here" label. IF the above MACD is correct, then the all time new highs won't be hard at all.
The updated fractal projection for BTS. Since pric has risen quite a bit; I've updated the labels and repositioned higher the Your are Here markings. Do you have any Bitshares?
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Thanks for the analysis. $3 Bitshares would be insane. That’d be some 10x gain if buying now. Time to load more BTS into my wallet. :)
He made many predictions before showing BTS going even higher... all of them failed ...
I would be careful here. BTS has huge competition these days, plus BitFinex coming to EOS platform... I don't know.. I am not so excited about BTS as I was last year.
You should join some of the BTS Telegram chats. A LOT of good stuff is coming out.
HODL
We should not forget that currently most of the competition is made by scam and shit coins. Real products like Bitshares are almost not existent. And prices are made based on assumptions and not based on products.
It is true that there is a lot of competition to Bitshares and not so good marketing for them. I see Waves or 0x as the biggest threats to BTS. However, I feel like it will take much time before there is one clear winner, if ever. You can see many centralised exchanges nowadays, I can't see why it should be any different with DEXes. Competition forces us to bring out the best of us.
I agree. Looking like a strong Bullish trend coming soon.
Bull run finally arriving
🤗
Yes, I have BTS. :P
Coins mentioned in post:
Thank you for these statistics, Thank you again and good luck
thanks for share this
It's times like this I keep reminding myself
Bulls and Bears make money, PIGS get slaughtered.
What would be the first Target to take cash would you say and how many % ?
Wouldn't it be amazing!?! Thanks a lot for the information and potential gain. ;)
Namaste :)