Quote from: werneo on October 14, 2015, 09:39:04 pm

This could be a bear trap followed by a return to the wedge formation. Otherwise if the medium-term downtrend resumes in the next 24 hours, we could see deeper lows well into the 1700s very quickly.

I can't believe any of you guys are looking at charts right now. The price or 'trends' you see are wholly irrelevant because of the upheaval of this upgrade and people having to move their BTS. THe one thing experienced technical traders have told me is to STAY OUT of the market whenever there's big news...unless you are damn sure of the reaction. Frankly, I'm not even looking at prices right now; I couldn't care less if BTS goes up or down. The price isn't real until things settle.

That's all fine. But regardless of the transitions muddling the technical picture, there are still definable price trends, and within the framework of those trends it's still possible to make a reasoned analysis about the future price of bts.

The topic of this thread is, after all, "Bitshares price discussion".

Update: The price of BTS dropped from around 2050 to below 1700 satoshis a few minutes ago. I called it here hours ago:
https://bitsharestalk.org/index.php/topic,16894.msg244949.html#msg244949

new upwave confirmed:



wedge looks to resolve itself sometime next week.

During the initial import it DID list my balances correctly and after it finished there was nothing.

^^Go to the Dashboard screen > Click Settings > Click Wallet > Click "Claim Balances" > You should be able to claim your balances from 0.9.3 into the web wallet.

https://bitsharestalk.org/index.php/topic,18969.msg244207.html#msg244207

I managed to import my wallet into version 2.0  here: https://bitshares.openledger.info/#/account/werneo/overview

... unfortunately the balances page is blank.  During the import process, graphene confirmed my account name, and the amount of bts, brownie pts, etc., that was in my 0.9.3 wallet. But now that I finished the process and looked around the wallet, I don't see an inventory of my bts anywhere.

Also, at this moment I am still logged into my graphene wallet through my google chrome browser. I wanted to see what would happen if I tried to login from a different browser, but when I visited https://bitshares.openledger.info in firefox, there was no visible way to log into the wallet.

Should I be concerned?

Soon after raiding my stash of Gorilla Glue #4, I had the following vision:



Now I'm wondering if that 45° green up channel might be too ambitious. The blue lines suggest another broad wave coming up at a lower angle. Not sure if it's a mirage, but we'll know soon enough.

The trading range is ascending. Right now it's anywhere between 2500 and 2325 satoshis, with a steady incline. If the trend holds, the top will move to 2600 sat by tomorrow. But if the price can't get meaningfully over 2500 and keep it there, then we could see a sell off to the low 2300s before the uptrend resumes. Meanwhile I'm watching for FOMO spikes into the 2700 range.

the stars are lining up....



4.6 million btc bid at 2400 is goosing the green lines....... and it's gone.

My analysis, for what it's worth...

Violet lines: uptrend since September
Green lines: short term downtrend
blue: very short term uptrend
yellow: resistance

the yellow line at ~2372 satoshis defines an important zone of resistance. Right now the price is stalled at around 2300. Buyers and sellers are at a crossroads. It's a moment of tension but look for a resolution by Monday. This week, smart people will be hearing about bitshares for the first time. They will take their time to study it before investing any money. That's why I have doubts about whether "this is it". I don't anticipate a frenzy into bts on Wednesday. I think the price might sink because a lot of people intend to pull their coins out of poloniex on Monday so they can have have them in their wallets for the snapshot on Tues.   edit: jsidhu rightly points out that removing bts from polo would cause the supply to drop and price to increase.