SUMMARY
Bitshares is primed to launch...crouched to leap upwards. The below chart shows an ascending right triangle pattern which is bullish. Its minimum price target is $0.079 which would represent a 143% profit potential. The minimum price target is calculated by drawing a parallel line to the rising line of the triangle and then drawing a vertical line from the apex.
Here is a didactic link that explains the Ascending Triangle pattern:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:ascending_triangle_continuation
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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.**
Hey @haejin, have you ever done analysis on BAT? I'd be really interested in how you see its recent movement as well as going forward. Thanks for your great analysis.
Here is the BAT analysis, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/bat-coin-target-usd0-28-186-profit-potential-mid-term-and-then-usd3-66-24x-profit-potential-longer-term-check-out-this-analysis
Excellent. Thank you so much! I watched it all. I will be getting the two resources you mentioned. :)
I wish you MASSIVE profits!
Not bad a all for short term traders.
Hi Haejin,
You nailed it on BTS with this post!
I’ll accep 0.079 but only on the way up to the tippy top you promised!!
Unfortunately, I make no promises. But, know that I have tons of skin in the game such that I'm not just being an arm chair analyst. I've already made tons of money on GBTC call..check out the most recent blog I just posted on GBTC.
Looks like we just hit your bitshares dollar target! Where to next?
A small correction and then $0.10 or higher.
Sounds good to me. I find it difficult to trade regularly due to time constraints so I try and identify coins I like and am prepared to hold over a longer timeframe. I really like bitshares and I’m hoping it will do great things in the longer term.
I too won't be tradin BTS. But at insane profit levels, I will take profits on 1/3 to 1/2 of position.
Agreed. If it rockets I may have to take some chips off the table. I now wish I had bought more!!
I just checked it out and commented thanks. As I said I would prefer to buy btc but I’m going to check if I can buy Gbtc inside my pension. Pretty sure I can’t!
Hey Haejin, did you notice the bitshares spread on bitshares.org is too high? since the volume is pretty low on the platform, it's tough to buy/sell. I hope bittrex can re-list it in near future.
Buying volume on Poloniex is pretty good. Been buying BTS there and then sending to my BTS wallet.
Poloniex is banned in WA! :(
Wow!! I had no idea... how strange! Sorry to hear that.
Large spreads go away as prices rise. When BTS is $0.50, the spread will be tight.
I wouldn't mind that... :D
Thanks for updating!
Isn't this the same pattern we a seeing on ETH?
No, a line across the tops is not horizontal.
Ok thanks.
how is .079 143%? im reading your chart and i dont see that. am i missing something
Thank you!
I watched PIVX do this before the coin went from$2.85 to$4. I never noticed the down trend in volume though. I'll pay attention to that.
The volume trickles to almost nothing before it explodes.
can you check substratum. It is the new coin with a good technology and lots of hype.
With very little price data, this is best I can provide:
Two days ago you suggested a .75 to $1.20 target...has that been adjusted here to .079...? Instead of 75 cents closer to 8 cents? Just want to make sure I understand where decimals belong...thanks.
No, not at all. This 0.079 is intermediate, on its way tothe toppy top target. Understanding waves would prevent this confusion. Please consider purchasing the Elliott Wave principle book, it'll be very good investment.
@haejin What is the name of the book? I'd like to purchase it for further study.
https://steemit.com/bitcoin/@haejin/5k3kgx-haejin-s-ta-book-recommendations-for-elliott-wave-and-chart-pattern-recognition
Thanks, I got the answer it his recent video on BAT. Ordering those two books, cheers!
those were longer timeframes
Wow! Bitshare is exploding today!
Bitshares and EOS both on the way up..interesting.
Hi haejin, do you mean 0.079 or 0.79?
Thanks
$.079
0.079; this is not the top top just intermeidate.