It's the 17th of June and you're sitting at your desk with a coffee in your hands. You carefully open Poloniex and see BitShares is down to 0.00011016 BTC . Bitshares used to be 0.00015016 BTC at one point you say. And darn you are correct.
What is Bitshares anyway?
In the words of Bitshares themselves, it is
Built using the latest in industry research, BitShares 2.0 offers a stack of financial services including exchange and banking on a blockchain.
Why is it about to breakout
Bitshares has been going in a descending triangle for the past few days now, and is about to break out high.
Here is a graph supplied by a reddit user named skagee.
It shows the break out going up. Meaning, we will be seeing a big rise soon.
And the best thing of all is?
It's already happened.
But on the Chinese exchanges.
A day ago BTS was almost at 16,000 Sat on Chinese Exchanges.
Conclusion
Buy low, sell high. That is the trader's philosophy. Buy Bitshares now before it breaks out again.
Happy Profiting :)
Good points in this blog. Really appreciate you bring this to our attention. I strongly advice people to only buy in to cryptos that have a solid background: A solid team, product, advisors, preferably VC investors, etc. Sell all cryptos that don't have this solid background. It's a waiste of money. I found this great website: https://www.coincheckup.com They give great insights in the team, the product, advisors, community, the business and the business model and other techincal insights. Check for example: https://www.coincheckup.com/coins/Bitshares#analysis For a complete Bitshares Investment analysis.