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Tag: bitshares

Why is Bitshares Spiking? Up 25+%

March 25, 2019 Published by

Bitshares has been up as much as 30+% today on some MASSIVE Volume. I have been a big proponent of graphene based blockchains because the ability to scale and how quickly they can move transactions and confirmations. Currently bitsahres is trading over $0.063 and one of the biggest movers on coinmarketcap.

Does anyone know the reason for this spike? Was their news…or are people just getting smarter?

Granted the level is 20% from where it was a few hours ago, you now have a MASSIVE level to hold long against.

If you have any ideas for this move, leave it

March 12, 2019 Published by

It’s being a long time since I last speak about BITSHARES and I think it deserves a following up post… also because seems to me that BITSHARES has bottomed already a few weeks ago according to the daily chart I show you below:

According to this chart,
BTS touched its lowest point by the end of November last year…
Actually, it did touch the bottom twice, the second time the end of
January this year.

What is most interesting to see is
that, even if BTS touched twice the same ground, the RSI indicator
marked a prominent DIVERGENCE, which is a clear

Crypto Contest January 19: BitShares

January 19, 2019 Published by

BitShares (Poloniex: BTSBTC) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, BitShares began a wave one advance in October 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, BitShares should be heading next towards the January 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe BitShares is currently in the red wave three (blue sub-wave iii).

BITCOIN: In the Neckline of the “inverted Head and Shoulders”

January 8, 2019 Published by

Many people ask me why lately I only use BITCOIN in my daily analysis and why not to search for other good altcoins willing to “Pump” and generate quick profits…

Quick and easy answer, because BITCOIN is the reference Crypto, still and, despite I am strongly convinced that there are much better 2nd or 3rd generation blockchains as STEEM, EOS or the like… I cannot deny the supremacy of the “king” besides is “beauty” in being the great invention of this, our beloved Blockchain technology…

Having said that, and coming back to the usual post topic here that is the TA analysis

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