Bitshares (BTS) Needs to Breach the Upper White Line of Resistance
SUMMARY
Since last update, price has developed and traveled to the edge of the upper white line of the triangle as shown below. A decisive breakout is needed and I believe it'll occur as it's only a matter of time. The resulting impulse waves have been slightly updated given the passage of time. The wave 5 target is at around $0.40 or so.
A closeup of the chart shows that waves 1 and 2 are complete. IF wave 3 is n progress, then the blue waves show the projected price pathway in an impulse. Blue wave 3 would be well positioned to breach the resistance line.
If the breach does not materialize, the the alternate abcde needs to be watched. I would actually welcome this scenario as bullish buy rungs will be awaiting at those levels!
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BTS/USD
Wave placements are very good. Alternate could be an abcde where e is still to be.
Bitshares target 2018 —> $12
When Tether is gone BitUSD will dominate.
Surging inflation helping to lift both precious metals and cryptos today!
Thanks for the analysis!
I'm looking for a nice pop in BTS.
The only coin I loaded my bag extra full of during this correction has been BTS...why? Because it will be $300+ one day....
Still, consider splitting a portfolio 70% HODL and 30% Trade. On the HODL, do exactly that. On the Trade, take profits when called for.
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@lordoftruth
@salahuddin2004
@philakonecrypto
Top 3 master of TA.Choose best one & you love their work.Have a look
Trust me you will love their work.Everyone just one time look their blogs.
@lordoftruth
@salahuddin2004
@philakonecrypto
Top 3 master of TA.Choose best one & you love their work.Have a look
@lordoftruth
@salahuddin2004
@philakonecrypto
It is still indecisive
It's the time of year bitcoin tends to start gaining momentum up. Every year, same story. End of Feb. Beginning of March starts a bullish run.
Thank you @haejin for the update! Let’s hope it breaches the white line!
I have a feeling we are on wave B of a larger ABC correction similar to your last Bitcoin TA you posted but either way I’m happy to see BTS price going up again!
Yes, and so we need to watch carefully how the current bounce forms....if it's abc or three wavish, then we need to watch for the B; if it's a very robust impulse....then we can negate the abc.
Okay sounds good, thank you for the info I really appreciate it :)
Top 3 master of TA.Choose best one & you love their work.Have a look
@lordoftruth
@salahuddin2004
@philakonecrypto
Top 3 master of TA.Choose best one & you love their work.Have a look
@lordoftruth
@salahuddin2004
@philakonecrypto
Top 3 master of TA.Choose best one & you love their work.Have a look
@lordoftruth
@salahuddin2004
@philakonecrypto
Top 3 master of TA.Choose best one & you love their work.Have a look
@lordoftruth
@salahuddin2004
@philakonecrypto
Top 3 master of TA.Choose best one & you love their work.Have a look
@lordoftruth
@salahuddin2004
@philakonecrypto
This is my BTSBTC analysis. Please make your feedbacks. Thank you.
Yes, good short term and higher degree of trend. Though, I'm not sure if wave iv needs to be so close to the peak of 1. Usually, bigger the gap between 1 and 4 the better.
Thank you for your valuable feedback master Haejin.