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SUMMARY
BitShares, soon to be the darling of every crypto wallet holder, is impulsing towards the upper target of $0.21 and in the chart below, the purple sub waves show the pathway. It's likely that the upper white trend line will be briefly pierced and then repelled to complete blue wave 2. Let's observe what today's price action brings out!
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Elliott Wave Counting Tutorial #2
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Tutorial on the use of Fibonacci & Elliott Waves
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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.**
bitUSD and bitCNY adoption are growing steadily, close to 25% of BTS circulating supply is currently locked up as collateral for MPAs and more is being locked up every day. Rumor has it that Bitthumb will list BTS. Stan and Michael have close two huge deals that bring large American corporations to BTS. Bitspark, Micromoney and Bankcoin moving to Bitshares.
Bitshares has more transactions per day than Bitcoin (BTC backlogged, over 100% capacity) while using less than 0.3% of BTS transaction capacity (see http://blocktivity.info/).
The fact that a shitcoin like IOTA can hit top 5 on CMC because they are 'demonstrating' their tech to Microsoft - tech that MIT found bugs with and tech that does not have a working wallet - means that a mature tech like Bitshares with real adoption by real businesses should hit top 5 on CMC easily. $5 BTS should be a given at this point. When the move happens it is going to be as violent at IOTA.
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(to the tune of My Darling Clementine)
Oh my darling, oh my darling, oh my daaaaarling B-T-S
Scooped you up for just a nickel
Now I clutch you to my chest
Oh my darling, oh my darling, oh my daaaaarling B-T-S
Show the people what they're missing
As you power the mighty DEX
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Left my home to find my fortune
Worked night and day with no success
Then Haejin Lee revealed the secret
The answer lies in B-T-S
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AMAZING! If people can keep this going and generate a number of stanzas, I will perform it on my guitar! This is the power of community!
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LOL!
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Haejin, maybe this is a dumb question - i can not buy this on Poloniex in USD/T all i can do is chart it from TV, so what is this analysis showing me ? i.e. normally you do a USD and a BTC analysis - in this one you have only done USD - yet for all intents and purposes that coin combination does not exist on Poloniex i.e. have to purchase BTC and then purchase BTS in SATs.
really keen to understand this please
Craig
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It does in bitshares DEX exchange.
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Finally, I registered for an account in DEx Exchange. I still have to play around the GUI because it’s kind of confusing for starters. I really want to transfer all my BTS coins from Poloniex to this exchange.
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is the $0.44 prediction going to be reached before BTC hits it top ?
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.31-.16-.55
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Is it possible to do a BTS/BTC pair analysis as well? Or are they the same? As always, thank you for your generous post!
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Nice! Note how the volume is also decreasing
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Wont it be profitable to convert crypto into some currency with lower market capacity????????? bitcoins are making so mucg progress right now all for what coz it has only 21 million market cap max... if u invest into something into even lower market cap then today or tomorrow u can make way more money...plus bitcoin mining is becomng so expensive now that unfortunately people will lose interest i think investing into btc wont be the best option u hv right nw
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I think what you might be trying to say is it would be better to select the highest percent profit potential altcoin
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Some coins with high supply and high market cap: Ripple, IOTA,Cardano
Some coins with low supply and low market cap: Unobtanium,Clams,Gensesis Vision
These shows that your premise is invalid
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if u ask my opinion if u want to do long term investment then u should go for monero or Zcash....this currencies have lower market capacities and monero is quite a famous currency too so probability of monero is highest after bitcoin.... ones bitcoin hits a higher values people will look for alternate ways....Investing in the currency is more like investing in collectible people r buying them coz there are less of the out thr if i had alot of money i would buy something rarer than something with alot of market capacity....If ur a long term investor u should know the meaning of increasing demand thats the main thing happening in the market right now it will sure make few currencies reach top of the market..
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Thx Haejin, can you please do ETC analysis? thx!
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Thank you!
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Thank you Haejin
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Thank you for shedding light on this one. BTS <3
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my newbie eyes are seeing that we're in another bull flag right now, yes?
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nice analysis bro, but i like to know that you have done analysis by which platform
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tradingview.com
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Weird, tradingview shows that BTS is trading $0.10 on Bittrex! vs $0.16 on Poloniex! BTS was delisted from Bittrex a while ago.
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Once again, thanks for this great information.
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