Bitshares price discussion

[lzr1900]

I'd just like to publicly announce that I'm about to buy 400 BTC worth of BitShares at this astronomically low price ... but it's going to take a few days for my BTC to hit teh exchange. 

=b

is that you?

[Ander]

What is going on with those walls on polo!  Two 200+ btc walls? wtf.

[GChicken]

Buy wall got bigger and higher

[Ander]

Yep, very nice ValenitnJesse!

[ValentinJesse]

I was posting this on polo the other day



Beautiful how it turned out.

[Ander]

I've mostly been looking at BTS in satoshi terms recently, because polo is the volume leader, but btc38 prices still show it to us in fiat terms.

This is what they show:



That is a potential inverse H&S formation forming below the .035 CNY resistance. 
If the .035 CNY breaks, it heads all the way up to the .053 resistance, where it could form another bullish pattern.

A break of that level would send us massively higher.

[Ander]

Yeah, getting back to 8k is the first step, pretty much.  Then there will be a lot of profit taking from buyers of the cheap BTS, or people getting out at breakeven from old positions.  After that consolidation, we have to see if BTS 2.0 is the real deal and we go even higher, or not.

[jsidhu]

forgive my paint skills but...

The prophecy is upon us!

Great fractal analysis... one of the best and most accurate trading strategies

Did a quick extrapolation puts us at about 8k satoshi's

[Ander]

Do not rush to sell your BTS too quickly, even though you have a profit.  2500 is still cheap.  3600 is still cheap.  These levels should provide resistance for a bit, but they will be broken in time.  If you manage to sell and buy back lower thats great, but dont try to do it with all your BTS, or you will get left behind at some point! 

In a wave 3 bull move, the important thing is to ride the trend, because it will just keep going.  There is always volatility along the way, but during this move your main goal should be to not get bucked off the ride by chasing small retracements!  The money is made by staying long here.

[lil_jay890]

forgive my paint skills but...

The prophecy is upon us!

Great fractal analysis... one of the best and most accurate trading strategies

[Akado]

The move that started a couple weeks ago is indeed a magnified version of the move in may.

Which means the time frame between May 14th and May 20th can also increase proportionally, which means we're still set to go! I keed, I don't have technical analysis skills, but that seems like some kind of logic that makes sense. We all want it to make sense 

[Ander]

The move that started a couple weeks ago is indeed a magnified version of the move in may.  

[Akado]

forgive my paint skills but...

The prophecy is upon us!

[Ander]

Even though it was painful over the past year for the price to drop, I'm actually glad it happened now.  I've been able to load up on way more BTS than I ever imagined would be possible, and BTS 2.0 seems to have even more potential than what got us so excited last fall when it first released. 

This has been the opportunity of a lifetime to get in cheap.  And really, really load up on BTS.  Truly special things are going to happen now. 

Vertcoin went up 100x in three weeks.  This is what cryptos can do, this is the kind of rise we are talking about. 
Since BTS is higher cap it cant go quite that fast, but we could see 10x in a couple months and 100x in a couple years.  Wouldnt be any different than what other cryptos have done when they take off.

[Ander]

Sell wall of 125 BTC at 2100 sats. God, that's a lot

The walls come and go, both buy and sell.  They usually arent real.  They are just trying to induce buyers or sellers.