Bitshares (BTS): Patterns, Elliott Waves and Indicators All Point UP!!

haejin(85)

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SUMMARY

Here is the WEEKLY MACD indicator for Bitshares (BTS). The 12 week moving average (white line) has curled up and is moving to cross the 26 week (red) moving average. This would be a SIGNIFICANT buying signal!! The white arrow projects the potential pathway of the MACD indicators. Also, the MACD is traversing well within the boundaries of a broadening pattern (blue lines). This si VERY bullish in that the prior high of $0.92 is likely to be overtaken by at least 2.5x or 4x. That means $2.30 to $3.68.

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Here is the fractal posted on April 21st. I showed price to price markings with the "Your are Here" label. IF the above MACD is correct, then the all time new highs won't be hard at all.
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The updated fractal projection for BTS. Since pric has risen quite a bit; I've updated the labels and repositioned higher the Your are Here markings. Do you have any Bitshares?
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Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.