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SUMMARY
Look how beautifylly Elliott Waves and Chart Patterns comingle to outline high probable price pathways! The below a,b,c,d,e triangle consolidation pattern only means higher highs since price breached the upper line. I believe, the price could go near vertical and sentiment could become uber bullish and that potentially means prices of perhaps $1.32 to $19 in short order; should sentiment become unbridled!
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?
Follow me on Twitter for Real Time Alerts!!
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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
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
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.**
It looks to me like a cup is forming. Do u see this differently?
Me too. I'm actually seeing somewhat similar patterns on several coins including NEO. I wonder what @haejin's target for NEO is. Noob me sees a cup & handle ending with a triangle on 1 Hour chart.
bigtime...im showing a massive Cup and handle on the 1 day chart on trading view...if it is the thrust on this thing will be monumental
Yes thanks for this one so much. Didn't get the 100000 recommended for retirement. But I got to 10000 and have a nice back up pot now 🤗
If BTS gets to $343 you won't need anywhere near 100000. Your 10000 would give you $3.4m you've got be happy ETH that !
holding exactly 10k, bts could me a monster of the mosters.
I am exactly the same, bought them at 5cents, good times.
I also bought some at around five cents. Glad I did!
Still a good long term buy even now at 0.40c even if it retraces a little very short term - long term kaboom !
Hoping for a pull back in BTS to buy another 20,000
Thanks
BTS collaterize for BitUSD -Half to EOS -half to steem cover all 3
can you explain me please
This is an example of how to short the hero, but you can do the exact same thing with bitUSD
https://steemit.com/bitshares/@billbutler/borrow-hero-and-short-it
Search how to do collaterize bts for a smartcoin. Then you can figure out the rest good luck.
@tt-dogg I've read BTS posts where they talk about earning interest while holding BTS, do you know if that's still the case? Because I don't find anything about it.. There was 1 guy somewhere on a forum that said they removed it. If that's the case, do you know why?
Not sure about interest. But there are different ppl that are working on and developing trading bots for the DEX. They will give them away for free or at very low cost. The benefits are 2 fold. It will increase liquidity and volume in the dex. And if you use the bot you would get a source of passive income. Good luck. FYI. Hero coin is a MPA that gains 5% interest a year. If you hold a lot of bitUSD for a long period of time. It loses purchasing power. but hero coin doesnt
Thanks for your insight @tt-dogg.
I was not aware of this...I will have to look into it.
There you go again, playing possum....acting like you dont know what is going on yet a fountain of wisdom.
What do I know. I’m a high school dropout and a hobo. Lol
Never trust a stranger on the internet. Trust but verify. Is key.
The idea behind HERO on bitshares is that you can earn 5%APR interest on your holdings in hero. The price of hero is pegged to what the price of a dollar would be before the US gov severed the dollar's link to gold so about ~163, however, the market for heros fluctuates up and down at the moment because their isn't enough liquidity. Once a critical mass start saving in HERO, the whole world can have savings account that posts 5%APR
http://www.sovereignhero.com/
There's a channel on YouTube called goBitshares. It has very good tutorials on how to borrow. Check it out
Thanks
Dank...let us know if you have any other questions...it took me a little bit to get comfortable with the UI but now it's smooth sailing...we are here to help...Bitshares is going to be massive
The UI of what? I was getting it from an exchange. Didn't check out the YouTube yet
The UI of the Bitshares exchange at Bitshares.org...sorry may have misunderstood..you may already be using the Bitshares exchange
that' s my favorite move. the fact that you can do that is just amazing.
I have been working toward my BTS bag of 100,000 so my family can praise my name for generations to come :)
Don't forget to migrate your profits to EOS when it's up and running. EOS is going to be much bigger than BTS.
Make sure that, as an EOS holder, you are aware of what you need to do in order to have your tokens registered. It will come down to how many EOS tokens you have in your ETH account (matched with a registered EOS key) once the crowdsale ends and the token is locked.
Check out the EOS FAQ. Pay particular attention to item #21.
https://eos.io/faq.html
Bts will be a dapp on eos. People still will want to trade
Possibly but not necessarily. The main point is which provide more utility. EOS can do a lot more compared to BTS including running BTS on EOS. That's all I need to know to figure out which is the bigger deal.
I keep reading that the EOS Token has no real value as Dev's don't need to use it. Could you shed any light on this? thanks
EOS is currently just an ERC-20 token on Ethereum platform. It's nothing different from making your own token on Waves platform with just few clicks. When EOS platform release next year you can use your ERC-20 token to register yourself as an owner of a piece of "EOS blockchain".
Think of the token as paper gold. Technically it's just a digital thingy. If EOS is real and not a scam you can claim a part of it. It's just a promise. The devs can just take the ETH and decide not to give any ERC-20 token holder anything. So the token is theoretically worthless.
We just have to trust the devs to keep their promise and they have economic incentive to do that.
The eos token will be worth its proportional weight in free network bandwidth and decentralized encrypted cloud storage. So, dapp devs will have to have tokens they put up to be locked in a smart contract (therefore removing them from the supply of eos tokens able to be traded on the market) in order to deploy their DAPP on the network. The more dapps, the more tokens are locked up, the higher the price of eos goes
That's the real EOS that isn't even out yet. What we currently have is an ERC-20 token. In Etehreum it's harder to do. But on Waves Lite client I can make a token called STEEM under 60 seconds (If the name is not yet taken) and distribute it as I see fit. current EOS is like that. It's a lot like a promissory note.
Why do you think EOS will bigger than BTS ? Do you think BTS will be migrated to the BTS blockchain ?
Possibly but not necessarily.
Cobinhood is a DEX running on ETH though it's not as great as BTS. According to @dan ETH can be run as a single smart contract on EOS. That should answer your question.
You make a good argument ! BTS is offering a specific solution to a future major issue (hack of centralised exchange or government intervention) which I think could push its price paraboliclly higher !
lol same here
@tonypeacock our mission is synonymous
Thanks Tony for your work in building the Bitshares community. I'm sure that has gained you some more Bitshares. I hope you reach your goal of 100,000!
Definition of UNBRIDLED : (of an emotion) uncontrolled and very powerful-
ex: unbridled passion
Thanks to you, now I am holding a lot BTS now, waiting for the $300 in 2-5 years, I don't mind the wait :P
Hopefully its more like next year!
Damn @haejin.
Either you are a total nutter or I am going to have to fly over there in about 6 months and give you a big kiss on your forehead.
😁
Make sure you videotape it. Lmao.
This thing hits like he says it will and you can afford to come over as the video crew.
kinky lol
Haha.. Dont say that man.. Haejin may stop give us his analysis. And we can't afford for that to happen.
Nah I got it covered, I'll bring a 6 pack of beer with me.
Im sooo weird, can you help me @haejin? I lost everything
I upvoted you to get you back on your feet. heres $0.03
Thats all I got. Sorry :(
how did you lose it all?
Talking about the Chalice of Wealth, wow awesome gains!
So much optimism around BTS. Wish BTC would introduce it again.
I bought enough @0.05 so that @0.40 I could sell some to pay for the holdings. So I have done this. Now MY BTS and EOS is all free money. I did this to eliminate my emotions. But when we reach $19 well I haven't planed for that.
$19 will bring a lot of people massive profits - it will be hard to know if to take profits or HODL for higher prices. Your strategy seems pretty sensible and it eliminates emotion when you are playing with free money !
Take a little off the top and hold the rest :)
Sounds like a good plan my friend ! I'm holding everything for now but $19 or $100 that's when I'd have to give serious consideration as to what to do !
Just canceled my sell order for .475...thanks for the early morning update....
me too. thank you for the update Haejin!
Ya, I insta cancelled all of my sells too!
first of all, thanks mr lee for all you are doing, changing lives. not mine quite yet haha, but am sure will get there. I have just started out with crypto, and find your teachings on elliot waves and other trading methods, really valuable. I made a few mistakes recently, where i kept on panicking and selling/ buying bts and xvg at the wrong times. That amature mistake cost me about half of my folio.... Though i was sad, some few good trades got me a tiny bit up. I was just wondering what would the best way be for me in order to accumulate more bts and verge, since fiat isnt that accessable right now. If you could possibly do another in-depth video on either one of those two, it would be great. Thanks
I have 45600 of these babies and I bought them at 12 cents (was my first ever alt coin investment on recommendation from Haejin and I was blown away by his analysis).
I sold at 42 cents earlier yesterday and thank god it's come down to 39 cents because I was worried I'd suffered a terrible GREED punishment.
But Haejin's angels have come to the rescue and I will not succumb to greed on BTS.
(Until it reaches $350 a coin and I have enough money for my grandchildren's grandchildren to prosper with).
Thankyou Haejin!
Here's my count... let me know what I did wrong here. :-)
Hey there, green circled wave 5 cannot end below the prior impulse waves' high in your cup (hence it should be targetting at least $0.51 or so on your chart). Did you put the ABC correction randomly? Check out Haejin's tutorial on Fib ratios, that's gold! :)
Thank you!! So wave 5 should go up to .51 and possibly higher as per Haejin's post?
For the ABC correction I used the Fibonacci retracement tool and started from the start of my primary wave 1 up to 5 and placed it between 0.5 and 0.618. Should I have started it at the beginning of 5?
Many thanks for your help!
Many thanks Haejin for your recommendations. Bought my first batch under $0.06 so its looking good. Possible correction around $0.50 or just consolidation? Trying not to be too greedy here :)
continually praying for your projection of $342 by 2020 to unfold... :-D
Thank you.
Wow! Thank you for the early AM update of BTS @haejin. Yes, I’ve been monitoring The price action of BTS. I guess with this nice updated “higher high” price of BTS, I can have a nice breakfast.
And also, Thank you for those TA and video of BTS and urging us to buy when it was in the bottom of the “cup” at that time around .045- .05 cents range.
Thank you, Haejin! Very, very grateful for all you do..truly a blessing. The spiritual leverage you’re providing will be like a butterfly effect for good in this world..thank you!
What happen if BTC rise / rose to BTS/BTC pair ? What you think?
$19?? Isn't it typo?
Wow this sounds really good !Do you think there is a correction before we pass 1$ ? Bless you man!
@haejin thanks for sharing this analysis. I just bought few on blocktrade some minutes ago because I believe in the future of EOS and bitshares also XRP should not be left out of target.
OK, the patterns look GREAT and BTS has risen in the public eye a lot recently, so PLEASE tell me the quickest and fastest way to get some! I have a coinbase account, maybe a poloniex account I can still access?
TIA!!!
BTS is also on Binance which has a slightly better price than the Bitshares DEX due to more volume. It takes less than 5 min to set up an account and EOS is on there too among many others.
thanks FOOD!
I got me 298.5 BTS now ;)
I’m assuming you don’t have any account yet at DEX?
https://wallet.bitshares.org/#/
Fastest way I would think is to buy some LTC at Coinbase then send that to your Poloniex account. Convert/sell it to get BTC to buy BTS.
Had LTC at coinbase, did just that, sent a bit to polo and converted to BTC then BTS.
Proud Owner of 298.5xx BTS!!! :D
Interesting...Looks like Arise Bank might be partnering with Bitshares: http://www.zerohedge.com/news/2017-12-15/cryptocurrency-bank-arisebank-acquire-100-year-old-fdic-bank-partner-bitshares
Very exciting ico
https://www.arisebank.com/
Thanks @haejin for your continued analysis of bts. Liking what I see so far. Anyway you could do an analysis on Cardano or Request Network?
Can someone explain to me the difference between EOS Token Distribution and actual EOS coins?
EOS tokens are ERC-20 tokens on the ETH blockchain during development, and will become EOS coins in June, with launch of platform. It is necessary to register your tokens to receive coins.
https://steemit.com/eos/@noorzaidurrani/how-to-register-claim-your-eos-tokens-before-june-2018
I'm already in through wallet.bitshare.org, thank you so much!
Simple explanation of how EOS works from @dan
They're the same coin. The difference is how you get them. EOS is being distributed via https://eos.io/ by contributing ETH. However, the site blocks all US based investors as distribution is allowed to non-US based investors only. The amount of EOS you get from contribution depends on the number of investors who contributed ETH during the "period" (resets every 22 hrs). I tried VPN but did not work. On the other hand, you can buy EOS from exchanges such as Binance at market price.
Got it! great. thank you. @sandalphon,
I think a lot of people are holding BTS right now because OpenLedger withdrawal is terrible (it's been down for days), and they are nervous about paying the high fee for BlockTrades. I think there'll be a sell-off once OpenLedger get's their crap together. Does anyone have an alternative way to get my BTS into USD into my bank account? I am aware of bitUSD, but that's not what I'd prefer at the moment ;(
I bought it yesterday, right before the take off. I hold it for much higher targets. But one of the most promising investments for 2018 will be BitcoinCash, check out my article i think you will find there a lot of things you not thought off before.
is it true there are problems withdrawing the funds????
No. Never had issues. And holding in bitUSD instead of cashing out is the smart way to go!
Never heart about this issue and never had an issue.
I love you, thank you for what you do
Hell yeah!!
Now, we are heard ! And,I think that is dangerous !
Thank you!
Question - yesterday I sent BTC to bitshares wallet, no problem. Today I don't see BTC on the openledger.x gateway list - looks like I can't deposit it to bitshares. Anyone knows how to proceed?
-> https://blog.openledger.info/2017/12/16/ltc-btc-dash-gateways-are-under-maintenance-now/
Thanks, working already. Gonna bookmark this page. Cheers.
Thank you Haejin for all your support, bought at 5 cent!
Can someone please explain to me at around what price BTS might start correcting?
Is it too high to buy in? I'm assuming so, its at ath? maybe another correction?
Can BTS break through one dollar in the short term?
Congratulations @haejin!
Your post was mentioned in the hit parade in the following category:
Oh, wouldn't that be nice...