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Offline Ander

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Bitshares Ascending Triangle (continuation pattern)
« on: June 29, 2015, 11:38:56 PM »

BTS has had a sharp rise followed by an ascending triangle consolidation pattern over the past five weeks.

http://www.investopedia.com/terms/a/ascendingtriangle.asp

Compare the chart in the example there to the BTS price over the last two months:
The recent highs have been at a horizontal line at .053 CNY, with higher lows occurring at.036 and then .040.


When .053 breaks we will rocket. 
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Offline jsidhu

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Re: Bitshares Ascending Triangle (continuation pattern)
« Reply #1 on: June 30, 2015, 12:06:35 AM »
0.53(high) -0.4(low) = 0.13(diff) + 0.53(high) = 0.66 is about the next bull target I see. If it gets to 0.79 it is happening moment kicks in.
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Offline Ander

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Re: Bitshares Ascending Triangle (continuation pattern)
« Reply #2 on: June 30, 2015, 05:31:58 PM »
You should count the lowest point of the triangle for the low,  .0366. 

Takes us to right about .07.  If we can break .053 of course.

BTS sitting here doing nothing while LTC surges is annoying.  Would be nice if one of our announcements actually pumped the price instead of just becoming a FUD target.


We really need 2.0 :P
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Offline jsidhu

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Re: Bitshares Ascending Triangle (continuation pattern)
« Reply #3 on: July 01, 2015, 02:14:36 AM »
You should count the lowest point of the triangle for the low,  .0366. 

Takes us to right about .07.  If we can break .053 of course.

BTS sitting here doing nothing while LTC surges is annoying.  Would be nice if one of our announcements actually pumped the price instead of just becoming a FUD target.


We really need 2.0 :P
Yea I should but I'm being safe and usimg latest swing. Btw 0.07 is a magic number to me I expected it to reach that ever since this medium term bull started
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