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
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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.
After 40 cents BTS will quickly go to $1
The only coin I loaded my bag extra full of during this correction has been BTS...why? Because it will be $300+ one day....
Still, consider splitting a portfolio 70% HODL and 30% Trade. On the HODL, do exactly that. On the Trade, take profits when called for.
It is still indecisive
It's the time of year bitcoin tends to start gaining momentum up. Every year, same story. End of Feb. Beginning of March starts a bullish run.
Thank you @haejin for the update! Let’s hope it breaches the white line!
I have a feeling we are on wave B of a larger ABC correction similar to your last Bitcoin TA you posted but either way I’m happy to see BTS price going up again!
Yes, and so we need to watch carefully how the current bounce forms....if it's abc or three wavish, then we need to watch for the B; if it's a very robust impulse....then we can negate the abc.
Okay sounds good, thank you for the info I really appreciate it :)
This is my BTSBTC analysis. Please make your feedbacks. Thank you.
Yes, good short term and higher degree of trend. Though, I'm not sure if wave iv needs to be so close to the peak of 1. Usually, bigger the gap between 1 and 4 the better.
Thank you for your valuable feedback master Haejin.
Thank you for the update @haejin
Good work,good post.
Been a while since Ive been FIRST!
I have been waiting this for long thank you Haejin
upvote and resteemit has been done
@Haejin, can we have update on Lisk please? Thank you
nice post
Loving Bitshares, long term hodl, would love to fast forward to 2019 and see what we have! Thnx @haejin
Still be diveresified, never all in one coin.
Happy friendship day
Yes, well said.
Warm regards,
please voteback ..
thanx
It's lack of faith that makes people afraid of meeting challenges, and I believed in Bitshares.
1$ is the target price for me.
wow..... haha :( bts/btc price is 0.00002...
Nice analysis !!
DRPHYSIATRE....What does that mean?
It's my signature 😂
Seriously, this comment about "crap Haejin" is childish and unprofessional. You should stop spamming.
https://steemit.com/bitshares/@stew/bitshares-year-end-target-usd3-00-usd3-50-1200-1400-profit