RE: Bitshares (BTS) MACD Bullish Cross

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Bitshares (BTS) MACD Bullish Cross

in bitshares •  7 years ago 

Or the previous scenario could happen.

Bitshares.PNG

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Interesting... could you please explain this analysis further?

I used Haejin's previous prediction and tried to understand why that price drop could happen. And I saw a repetitive pattern with head and shoulders. And every price drop goes almost the same straight edge with the same corner. Here is a bigger picture of the correction.Bitshares2.PNG

Cool, but where does that take us you think?

Just a longer correction and then to the moon I guess :)

@haejin what do you think?

  ·  7 years ago (edited)

Uhmmm...I don't know. LOL!

Hopefully not, but thank you for providing a bearish take on the situation.