SUMMARY
During corrections, a person's true colors comes out. The level of one's emotional maturity shines; or the lack of it. Just look at the comments in my blogs. Since 1997, my journey as a trader has been more about self discovery and growth than profits. Humans have a tendency to want to project their guilt outwards and that way, temporarily make themselves not the responsible ones and so gain a period of relief from guilt. It's quite ego based. But, one can arrive at a state where such doesn't become your first instinct. That's called discipline. The discipline to remain calm under fire is well possessed by those with battlefield military experience. Such iron discipline allows them to excel quickly as traders because they never blame others. This is why I often say that a "Good Trader" is a "Bad Trader" who first forgives himself for his mistakes, learns his lessons and tries again. I see no other pathway to becoming a Good Trader.
Bitshares (BTS) has delivered >2,000% in profits from $.045 to $0.91. I believe soon, it will do FAR MORE than that! BTS is using this correction as a pre-breakout setup. The below chart shows how BTS can choose between teh yellow or white a,b,c,d,e pathway. Once that resolution is made, the pathway will be clearer with unchanged destination...UP! There is a chance that price could go sideways for a while. But no matter, time has no stake in my projections.
Legal Disclaimer: 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.
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?
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Buy bitshares everyday 😀
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Oh! I missed this post... What a beautiful cup and handle! Missed that in my analysis :) But talk about other viable points:
BitShares (BTS) - Analysis (403% POTENTIAL PROFIT) https://steemit.com/bitcoin/@benkalashnikov/bitshares-bts-analysis-403-potential-profit
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I am doing the same.
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Right right. Firesale! Get 'em while they're cheap!!
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Do u buy it ?
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Bts is the cheapest coin right now even after the recovery , good coin for short term trade as well as long !
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Thats good news for BTS . Thank you !
I wonder what's up with STELLAR on monday there is suppose to be good news. It broke out of its triangle will there be a correction first ? Bearish or Bullish ?
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BTS is a 5 year hold, for $100 at least.
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Stellar Lumens is in the same positive category as BTS, but larger and less hyped here... remember we're in a community that is very BTS-affine because Steem is sort of BTS' little brother.
Stellar is being mentally associated with Ripple as it has similar functions, so what it does (because of buyer psychology) is follow Bitcoin with a lesser tendency of following Ripple...
In general, it tends to shoot as soon as Bitcoin is out of the water.
I'm personally still waiting for this to happen, and it just hasn't happened yet.
As long as there's another serious Bitcoin dip ahead, why would anyone want to even day-trade (though that was actually very easy these last days, but I was too lazy).
Should the dip not come, insecurity would last for another week or more.
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Please update NULS.
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Let me do a very small question.. in terms of smart coin, what is the strength of BTS compared to others such as Kyber Network ??
p.s. ah I'm also BTS holder and buyer:)
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Even .45 cents is a bargain to what BTS will be by the end of the year.
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대단히 감사합니다
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Bitshares is the future, plan and simple. Either you accept it now or cry later because FOMO.
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Truth be told! People are going to be running to bitshares bitassets (bitUSD/bitCNY/etc) when the tether bubble pops. Also, don't forget that there are two new assets coming to bitshares soon. The quint and quintS, pegged to the value of gold and silver, AND fully redeemable in actual physical silver and gold. Woohoo!
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Hi there. Could you explain this news further please? I just tried searching online, but your post is the only thing I have found. I am already invested in bitshares, but I am doing my due dilligence at the moment and am always looking for coins that are backed up by meaningful assets, rather than just being naked bits of code. Thanks for posting the news, but if it could be fleshed out (if you have a link then great) that would be ideal
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We need accurate knowledge of how things work in other to maintain our emotional stability during market corrections. Ego is a reciprocal function of knowledge, the more the ego the less the knowledge and the more the knowledge the less the ego.
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Very well said, couldn't agree more.
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Brilliant description of ego kevaton! I absolutely agree. May knowledge soothe the ignorant's fears.
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Keep loading up the Bitshares. I'm torn, I want Bitshares to go up, but then again I want it to stay low a little longer so I can get more. #Cryptoproblems
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I love BTS , I would be interested in people's views on prices targets by the end of 2018. My own view is this could reach $2 by the end of the year, but appreciate that this could be too conservative.
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We are well aware that at one time it was .045...not all of us were able to buy in at that price...some of us got caught up with some more recent TA analysis you did suggesting imminent moon shot...definitely over $1....instead we got a crash...so lesson learned...what's time....what's a few thousand dollars among friends...
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Looks like you're projecting/blaming others for your mistakes. Maybe read his posts before shitposting. You're now the prime example of what Haejin was just talking about.
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Lol..
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you only lose if you sell lil man
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of course you need a long intro because you made plenty people loose money on BTS already... you dont shout 3.12$ 2 days before the coin plunge to 0.22$ so far your predictions have been full of shit... and yes you made me in a situation to be margin called... I lost 80% of my BTS THANK YOU.... because TA analysis is inefficient in REAL world of REUTERS so shut UP
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crying because you got Margin called? Don't play with money you don't have. If you played with money you had, you wouldn't care about a correction that has effected 90% of the market. The only one to blame is your self. If you weren't on margin you could have simply waited with patience for the market to correct. When BTS crosses the dollar mark I reckon you will learn not to leverage trade. Patience is key. Don't play margins if you can't afford to get REKT!
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@daysaway808 - How about those of us who play with money we have? Even though I take full responsibility for my own decisions, truth is I wouldn't have increased my margin position if it weren't for Haejin posting about $3.
When the price plummeted I had to quickly make a bank transfer that miraculously only took one day to come through. It was pure luck that I got money into the dex quick enough to increase my collateral before getting called.
Hey, I pumped in more money close to the lowest price, as long as it goes up again I'll be just fine, but I can understand peoples frustration as it's easy to believe all the praise people are giving Haejin and buy into the hype, literally.
I've learned my lesson, luckily without any losses. Sorry to hear you didn't make it @buckland
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TA analysis should just be a tool in your tool chest. Use all the tools you have to accomplish the goals that you set for yourself. Never rely on 1 tool. Also, Margin trading on cyrptos?? Do not margin trade if you are not willing to take the risk.
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1
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It's ultimately your fault, admit it, else you will always loose.
Also, read this: https://steemit.com/bitcoin/@cryptovestor/why-bitcoin-is-perfect-for-most-first-time-investors
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How did you lose 80% of your bitshares on a margin? Did you margin on bitshares dex, because if so, I'm pretty sure you only lose 45% of your collateral?
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Sorry...don't know what your talking about..i myself and friends made a ton of money on BTS
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Not a loss until you cash out. If you believe it's going to be to ATMs at some point just hold.
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We agree with that !
https://steemit.com/bitshares/@tatchcapital/tatch-trading-analysis-bts-classic-bump-and-run-an-opa-underway 👊😙
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We agree with that !
https://steemit.com/bitshares/@tatchcapital/tatch-trading-analysis-bts-classic-bump-and-run-an-opa-underway 👊😙 but first some push lower
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Yeah from my own experience I understand that I need to work on being disciplined and not allowed myself to take useless risks.
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I second your TA by using fractals:
https://www.tradingview.com/chart/EVrwFueQ/
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why dont you post a screenshot, as it would be more convenient for people to see
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Looks good to me, not unexpected. I only wish that damn Bitcoin psychosis was already over, praying for that final dip ;)
Which means it may not come...
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it will reach to minimum dip of 1k $
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@zeeshan. What, a minimum dip to $1000? or are you saying $10k? Howdo you come to that conclusion if you really mean 1k? If that's what you really mean, lots of alcoins will drop to $0. How possible is that?
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dont worry it was just a forecast by some blogger, it may or may to come to that... some of them says at the end of year it will reach 34k
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when to 1k？
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The time for that will come,bitcoin will crash but not soon,you still have some time,in the mean time,invest in good alts and wait and keep reaping money and save your initial investment.
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Trading is not easy, need to learn and learn more. What comes out in the comments is exactly a reflection of how much a person know.
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Is it right time to invest in ripple??
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Well said, I should have stayed in BitUSD because I never suspected BTS could go to $0.23 cents!
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Sorry bud...hard to see these stats and come to the conclusion that it's a scam
https://steemit.com/bitshares/@steempower/bitshares-state-of-the-network-16th-january-2018
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buy bitshares
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Very excited about BTS, bought some more during this dip!! :)
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Totally agree! Although i hope they begin to add more coins soon - im sure when they do the price will begin to stretch out a bit
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We've had 4 years. Bitshares has long deserved the hype. :/
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I know it. As I am really interested in the long term in BTS it would be much more convenient if it rises in a more constant manner.
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