Few would call the price action thats occuring on BTS a head and shoulders.
Its a stretch imo because the neckline should not be angled.
Either way, a close below 3800 sats would signal a divergence and invalidate my projection - typically a good place to cut losers early.
parameters of the neckline are fine, BTS has fallen significantly since yesterday. We are close to sub 50 from 64, well below haejin's 57c. There is strong resistance at 45c, that's where I'll be adding
I've been playing the stock market for 25 years but only the cryptos for 1 and following haejin for the past 2 months. I have made decent profits, initially with XRP and LTC, I took my 700% profit from LTC and poured it into BTS @20c and have built it since then substantially because i believe that bitshares has tremendous potential.
My theory is that the banking powers will attempt to disrupt BTS and create FUD. If BTS falls below 45c I'll be buying more, a hell of a lot more. Good luck
This is what Philikone says and note it came out after what i said
I agree with kone, between 50 and 42 sic my 45c placement. Target by end of year is $11.53
BTS is going to go 20x in the bear market 2nd half of 2018? Sign me up for more.