Bitshares (BTS) is now painting a very nice path on its new market cycle, attempting to paint a much larger carbon copy of its younger fractal in the previous emotional cycle.
My goal is practising the ability to use the Laws of Elliot wave theory and chart pattern recognition in harmony together as a powerful algorithm to help predict the future price pathway.
We are currently experiencing a small rest, Deserved after this first impulse to new ATH's. The correction is taking the form of a triangle and is working through an ABCDE pattern and seems to be nearing completion.
Once complete we could see continuation towards higher targets.
The elliot waves painted in blue are difficult to project precision hits, More a guideline to the possible price pathway. Try not to trade these subwaves, Patience is key wait for the 5th wave profit point and sell into greed. Elliot waves are very useful in this respect as attempting to plot these subwaves give's you an idea of the next probable pathway and counting them during the move helps alleviate fear and panic.
TP= Take Profit
For this Market cycle I will be looking to take profit at these dollar targets, These Targets are Based on the Fibonacci extensions an Elliot wave theory laws.
TP1= $1.90-$2.00
Take 50% profit off the table here, If you have been following this trade from my first recommendation of $0.5 cents we will be up almost 40X our initial investment. Always important to take such a large gain and walk away humbly with the profits, never stay around to be the last seller.
TP2= $3-.$3.50
If the 5th wave transpires like it did in the last market cycle its not out of the question for BTS to really moon right up here, Take the remainder of your profits here sell the greed and prepare to pick up a lot more shares at the bottom for the next market cycle.
To the long term investors in this project Bitshares has so many unique features going on, One great one is allowing you to sell the BTS coin for dollar pegged asset's on the exchange itself which include BITUSD, BITEURO and BITCNY. Under estimated is this novelty in a young crypto atmosphere where the only options presented currently are park your funds in the Volatile BTC or controversial Tether currency. Anyway Time will tell with the long term projection, for now focus on selling high and protecting your profit to buy the bottom of the next ABC correction.
Remember my padawans The force is everywhere, Under your feet and in the air around you, it is infinite in this galaxy, when you open your mind to the fact you are this very force living and breathing in harmony with it, then you will know peace. Peace deeper inside your soul then any material or monetary possession can give you. Do not let the lust for crypto profits corrupt your mind, you are a beautiful human being and you are perfect just the way you where born to be, playing under the sun right here on this amazing blue and green home floating in the stars.
Namaste,
:)
My goal is practising the ability to use the Laws of Elliot wave theory and chart pattern recognition in harmony together as a powerful algorithm to help predict the future price pathway.
We are currently experiencing a small rest, Deserved after this first impulse to new ATH's. The correction is taking the form of a triangle and is working through an ABCDE pattern and seems to be nearing completion.
Once complete we could see continuation towards higher targets.
The elliot waves painted in blue are difficult to project precision hits, More a guideline to the possible price pathway. Try not to trade these subwaves, Patience is key wait for the 5th wave profit point and sell into greed. Elliot waves are very useful in this respect as attempting to plot these subwaves give's you an idea of the next probable pathway and counting them during the move helps alleviate fear and panic.
TP= Take Profit
For this Market cycle I will be looking to take profit at these dollar targets, These Targets are Based on the Fibonacci extensions an Elliot wave theory laws.
TP1= $1.90-$2.00
Take 50% profit off the table here, If you have been following this trade from my first recommendation of $0.5 cents we will be up almost 40X our initial investment. Always important to take such a large gain and walk away humbly with the profits, never stay around to be the last seller.
TP2= $3-.$3.50
If the 5th wave transpires like it did in the last market cycle its not out of the question for BTS to really moon right up here, Take the remainder of your profits here sell the greed and prepare to pick up a lot more shares at the bottom for the next market cycle.
To the long term investors in this project Bitshares has so many unique features going on, One great one is allowing you to sell the BTS coin for dollar pegged asset's on the exchange itself which include BITUSD, BITEURO and BITCNY. Under estimated is this novelty in a young crypto atmosphere where the only options presented currently are park your funds in the Volatile BTC or controversial Tether currency. Anyway Time will tell with the long term projection, for now focus on selling high and protecting your profit to buy the bottom of the next ABC correction.
Remember my padawans The force is everywhere, Under your feet and in the air around you, it is infinite in this galaxy, when you open your mind to the fact you are this very force living and breathing in harmony with it, then you will know peace. Peace deeper inside your soul then any material or monetary possession can give you. Do not let the lust for crypto profits corrupt your mind, you are a beautiful human being and you are perfect just the way you where born to be, playing under the sun right here on this amazing blue and green home floating in the stars.
Namaste,
:)
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Note; When reviewing my charts pay no attention to the monthly time frame along the bottom, This elliot wave analysis is dinfing the probable outcome of price pathway. Not a prediction of time itself, be wary of the traders who promises you something in a certain timeframe. Patience is key in this game, Wait and you will win.
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