In the past month bitshares has fallen from 0.033USD to 0.019USD approximately, about 48% loss in value, this drop is mostly attributed to the aftermath of the NBS fork as selloff continued. After the fork there were also rule changes to the use of bitassets, bitUSD and co on the DEX. BitUsd has been global setteled while bitCNY max supply and borrowing paramaters have been updated to limit borrowing, also forced settlement of bitEur was also disabled in attempt to improve borrowing of the asset. New bitassets with original parameters were also created during this time, these assets would carry the original design of bitassets and also would have little interference in terms of price feed manipulations etc.
Bitshares price is currently at 0.0198-0.02USD with low trade volumes which indicate that the selloff is over and bitshares is now in recovery mode, however the 0.02USD support line is now a resistance which may hold for a while before a new breakout to 0.022USD can occur both prices are currently key to a new uptrend. Bitshares should range between 0.022 and 0.018USD for the maintime until recovery is complete. the 0.018USD price is currently the strongest support for bitshares now and considered the bottom of the round curve. AN expanded curve could also form below this price at 0.013USD but hopefully with all the postive hype bitshares should hold up at 0.018USD.
Prices to watch
Uptrend 0.02USD, 0.022USD, 0.028USD
Downtrend 0.015USD and 0.013USD
     

Bitshares has traded between 0.028-0.0227USD. This means that BTS has slowed down on its uptrend and is now plotting a sideways trend in the range 0.028-0.025USD in the short term. In the long term its still on an upward trajectory, however this would change below 0.025USD which is a critical support for bitshares short term. Below 0.025USD bitshares would drop back to 0.022USD to retest that support and probably back down to 0.0177USD.
CURRENT PRICE TARGETS
Uptrend ---> abv 0.028 -> 0.033-0.04USD
Downtrend ----> below 0.025 -> 0.022-0.0177USD
Sideways ---> 0.028-0.023USD
The hype around the Bitshares 4.0 Update seems to have cooled off as shown in the sideways price, this is coupled with the fact that bitshares was ominously ommitted from the list of defi- coins which would have been a good PR for bitshares and that bitshares has dropped out from the top 100 cryptocurrencies making it even more oblivious to the crypto community. Hopefully the upcoming fork on the 20th of Aug due to the new voting system might drive some fresh interest in bitshares and see the price go up again.

                                   
OFFICIAL WEBSITES
https://bitsharescrude.i.ng
https://data.bitsharescrude.i.ng
DESCRIPTION
bitsharescrude is a class of asset called CRUDE with the first asset being CRUDE.NGN or simply put the Naira asset, which is pegged to the forex price of the Naira on the stable USDT market and is meant to reduce the entry cost and risk of getting into cryptocurrency trading.
MECHANICS
The asset is purely meant for DEX trading, but it can also be used as physical collateral or exchanged for physical cash. It has two markets where it derives it's value, a speculative one ngn/BTS and a stable one ngn/usdt, all the market data will be added on the data page so that users can keep track of the Asset's progress.
You can support the project by trading the pairs actively, it's a new market to speculate on do give it a try....

                                   
"CRUDE FINANCE" A decentralized exchange that uses the Automated Market Marker (Smart contract) features of bitshares to incentivise trading...

Website:
https://github.com/bitsharescrude/CAI
Wallet
    Wallet(window): https://wallet.bitshares.org/ https://ex.xbts.io/, https://dex.bitshares.ng
https://ui.crudefinance.site

    Android Wallet: www.PalmPay.io, bitsy wallet btspp.app bitshares mobile wallet

Social links: https://www.facebook.com/100002123407774/posts/3041438029270281/?app=fbl
https://t.me/joinchat/bitsharesnigeria2
https://chat.whatsapp.com/GQDzP0tjrVtCUxR6LrlMw1

Market fee sharing as described by BSIP86 involves giving a part of the income from the market fees of any asset to the network, it's meant to improve the profitable of BTS as a core token, since the accumulated fees are presumably used by the committee to buy back/burn BTS from the market. Market fees sharing is not new to BTS, infact it has been existing since inception starting with the 80% cashbacks on all transactions for LTMs, it is also already implemented on major bitassets and stands at 0.1% currently, these fees go to committee account, however out of this 0.08% goes to LTM referral accounts leaving a paltry sum as actual income on these assets (bitUSD, CNY,,etc), another asset GDEX.BTC also uses this referral reward pattern but only gives out 20% of it's fees instead of 80% as done in the bitassets, XBTSX uses the STH staking pattern to reward holders with their market fee income, other markets may have their rewarding system as well too, for example the market maker contest is another form of market fee sharing. BSIP86 if implemented will make all DEX asset owners to also reward the network (committee account) via market fee sharing which will either lead to an increase in the percentage charge (currently 0.1% for most assets) or a decrease in revenue for the asset owners (mostly bridge exchanges), that being said let us see the losers and gainers of this new system.
Firstly the losers, these are the parties that stand to lose a lot from the BSIP86: they include bridge exchanges and ordinary DEX users. Bridges would lose 50% of their revenue ( by default market fee sharing is set to 50%), considering the low trade volumes on the DEX and current low user base, add that to monthly running costs, it will only be a matter of time before the remaining exchanges pack up or jump ship, this will cause a ripple effect on the ordinary BTS users who still patronize these exchanges, firstly they will have to pay more to use the services of the BTS DEX, secondly they stand a risk of losing the value of their bridge assets should any of the remaining exchanges bail out, thirdly the new DEX economy model reward system may not be enough to cover for the expenses made on the DEX, add all these risks and you have a lot of discouraged retail traders leaving the chain for greener pastures.
This takes us to the gainers; they include the Whales, LTMs, and Committee account. The Whales are big stakeholders, who benefit from the BTS economic model, they have a huge stake in BTS including huge collateral positions and strong voting power, they will also gain a lot if BTS appreciates in price and through juicy incentives, the new market fee sharing will have no effect on them as they do not involve themselves in day to day trading activities, plus they also decide who makes the rules via their voting stake so this ensures things will always be in their favour, next is the LTMs who get 80% cashbacks on their fees including other juicy incentives, they won't be affected since their expenses are lesser than that of ordinary users, finally we have the committee account that stands to gain 50% of the revenue from all assets on the DEX that charge market fees. BSIP86 may lead to a capitalist type of system where the chain is run for profit, this may be good in the short term, especially for the gainers, however in the long run it could also be the death of BTS as we know it since BTS was originally meant to be used as a DAC meant for the gains of all stakeholders and not just for profit of a few elite members. Finally a simple solution to BSIP86 could be to remove the market fee referral reward on all bitassets, this will automatically increase the amount committee account earns from it's assets (LTMs already have so many other benefits) there will thus be enough for development of the BTS network another option would be to reduce LTM cashbacks to 50% or less.

Now that Openledger has come clean to say they are no longer in service it is now time for Bitshares as an entity to explore other ways of bringing liquidity to the DEX especially for the remaining bridges, Openledgers reasons for closing is that they could no longer meet with the demands of their DEX projects for the customers and due to the current cryptocurrency climate in their host country they had to close shop. This means that at a point they were no longer making money from their investment,this is an exchange that has been existing since the beginning of bitshares which is pretty bad. This also means that the remaining bridges might probably close shop too if the situation continues.
This is why Bitshares as a whole must have some sort of frame work or regulation to forestall a repeat of such occurences in the future, a lack of change in approach may lead to loss of confidence in bitshares by DEX users and newbies who are considering a venture in bitshares and ultimately the death of bitshares DEX structure, there has to be a fail proof way of safeguarding the assets of DEX users, such that the closure of a bridge would not have much impact on the users afterall it is they who provide liquidity on the DEX. The Bitshares token is safe, however, what good is it if it can not deliver on its promise of decentralised trading for all crypto-asset class (Bitcoin and the others).
Bitshares has the solution to this problem already, yes there is already a form of exchange on the DEX that does not rely on  bridge exchanges, a trustless bridge in the form of Hash Time Locked Contracts (HTLC), where users use smart contracts to validate asset exchange without a third party, we also have many gateway services available.
The use of HTLC introduces another form of bridge exchange known as teller exchanges, these exchanges will no longer be custodians of users funds, but will act as an exchange terminal for the bitshares network helping users to have access to the DEX trading functionality without being worried of losing their funds.
How can this be achieved, firstly the bitshares network can create a pseudo asset, a form of security token or semi-fungible asset using the laid down parameters available on the network, say for example Bit.BTC (Must be UIA not a smart asset) which can be traded on the DEX, after issue, the asset ownership would be transfered to null-account so that no one else has control of it, and then the issued coins would be sold for BTS by the bitshares committee through an account set up for this (Current bridge exchanges may be given first right of purchase). This account would be the first seller and will sell the coins in batches according to the market demands and at exactly or almost thesame price as bitcoin, as it is committee owned it is immutable and trust will be guaranteed. Now this is where the tellers come in; holders of the psuedo asset can then post trades on their sites where they are matched with other users who are in need of the asset on the DEX (current bridge exchanges can also perform this service), another way is the use of gateways like blocktrade, atomicpay, gatehub, etc. that will exchange the asset 1:1 for bitcoin at a prescribed fee supposing the user doesnt want to use the HTLC teller method.
Using this pattern future bridge exchanges would no longer need to create their own assets but instead would be given first rights of purchase and special previleges to be able to sell and exchange the assets ( bitcoin for example) to users at reasonable costs. It also makes every user a potential exchange.

Most good traders know that historical support and resistance is one of the bed rocks of making money in trading, this is because those lines show us the point of distribution and the point of accumulation, ie demand and supply, last night I did a little digging into one of my analysis on the 0.016USD level for bitshares, guess what I discovered, it's actually an important level for bitshares, in one of my analysis I noted that below this price level BTS would lose its top 100 market cap spot, and so far it has not lost this level for months now except a few times when the market became very volatile. In conclusion the BTS buy range right now is between 0.017-0.012, it's pretty high but it's due to BTS volatility, the time to accumulate is now cos in the coming months we might not see BTS at this price anymore...

From my understanding, bridge exchanges are semi-centralized exchanges that make use of bitshares graphene technology, they are semi-centralized because the UIAs are created on the bitshares chain/network. Aside this advantage they have the features of other centralised exchanges and the owners can bail out with user funds at any time and because owning their UIAs is dependent on trust, thus even though the BTS chain is fully decentralized and trustless, it relies on these bridge exchanges which requires trust for liquidity and more functionality i.e ability to trade other cryptocurrencies like Bitcoin, ethereum etc. Unlike traditional CEX I think more should be done to licence or legalize these bridge exchanges, I mean most of the top exchanges like coinbase, binance, etc have some form of licence and legal framework with which they operate. For bitshares to attract more users it has to have some form of licence or legal framework or policy guiding the use of it's technology, this will also ensure to some extent the safety of users who entrust their funds to bridges, as well as improve the quality of exchanges that run on the bitshares network. There would also be improved accountability on the bridges. There's even nothing wrong in having licensed exchanges like binance and coinbase building a DEX on the bitshares network.