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RE: BitShares (BTS) is Following the Prescribed a,b,c,d,e Pathway Pretty Well!!

in #bitcoin • 7 years ago

I don't often chart BTC pairs because it can mean a few different things:

  1. BTC has either tanked or mooned vs USD, but the other pair remained constant vs USD
  2. BTC has remained constant vs USD, but the other pair has tanked or mooned vs USD

I believe most people still, even if it's just at a conceptual level, translate BTC value back to USD anyway.

So, if BTCBTS completes the H&S it could still mean a higher BTSUSD value -- it just depends how high BTC goes vs USD, and how low the BTCBTS ratio goes. This is why I stick to USD charts as it becomes messy.

7 years ago in #bitcoin by
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     7 years ago  

    Yeah your right it gets messy. I have been having a day of fear and sold all my long term holdings at the low. and been buying and selling other coins constantly for no reason. making unnecessary loss's. funny how fear just takes a grip. I have to take a brake.

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       7 years ago  

      Exactly my thoughts. For me it is an indicator on how well the alt-coin is doing compared to bitcoin. One could even argue that the best performing ones could be the ones to threaten bitcoin, as I believe there will be dethroning of the king.

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