Bitshares (BTS): Yellow or White Matters None; Same Destination

in #bitshares7 years ago (edited)

SUMMARY

During corrections, a person's true colors comes out. The level of one's emotional maturity shines; or the lack of it. Just look at the comments in my blogs. Since 1997, my journey as a trader has been more about self discovery and growth than profits. Humans have a tendency to want to project their guilt outwards and that way, temporarily make themselves not the responsible ones and so gain a period of relief from guilt. It's quite ego based. But, one can arrive at a state where such doesn't become your first instinct. That's called discipline. The discipline to remain calm under fire is well possessed by those with battlefield military experience. Such iron discipline allows them to excel quickly as traders because they never blame others. This is why I often say that a "Good Trader" is a "Bad Trader" who first forgives himself for his mistakes, learns his lessons and tries again. I see no other pathway to becoming a Good Trader.

Bitshares (BTS) has delivered >2,000% in profits from $.045 to $0.91. I believe soon, it will do FAR MORE than that! BTS is using this correction as a pre-breakout setup. The below chart shows how BTS can choose between teh yellow or white a,b,c,d,e pathway. Once that resolution is made, the pathway will be clearer with unchanged destination...UP! There is a chance that price could go sideways for a while. But no matter, time has no stake in my projections.

Legal Disclaimer: 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.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf

Sort:  

Oh! I missed this post... What a beautiful cup and handle! Missed that in my analysis :) But talk about other viable points:

BitShares (BTS) - Analysis (403% POTENTIAL PROFIT) https://steemit.com/bitcoin/@benkalashnikov/bitshares-bts-analysis-403-potential-profit

Screen Shot 2018-01-21 at 00.19.01.png

I am doing the same.

Right right. Firesale! Get 'em while they're cheap!!

Do u buy it ?

Bts is the cheapest coin right now even after the recovery , good coin for short term trade as well as long !

Thats good news for BTS . Thank you !
I wonder what's up with STELLAR on monday there is suppose to be good news. It broke out of its triangle will there be a correction first ? Bearish or Bullish ?

BTS is a 5 year hold, for $100 at least.

Stellar Lumens is in the same positive category as BTS, but larger and less hyped here... remember we're in a community that is very BTS-affine because Steem is sort of BTS' little brother.
Stellar is being mentally associated with Ripple as it has similar functions, so what it does (because of buyer psychology) is follow Bitcoin with a lesser tendency of following Ripple...
In general, it tends to shoot as soon as Bitcoin is out of the water.
I'm personally still waiting for this to happen, and it just hasn't happened yet.
As long as there's another serious Bitcoin dip ahead, why would anyone want to even day-trade (though that was actually very easy these last days, but I was too lazy).
Should the dip not come, insecurity would last for another week or more.

And with FairX on the horizon. Good stuff coming for Stellar

Please update NULS.

Let me do a very small question.. in terms of smart coin, what is the strength of BTS compared to others such as Kyber Network ??
p.s. ah I'm also BTS holder and buyer:)

Even .45 cents is a bargain to what BTS will be by the end of the year.

대단히 감사합니다

Bitshares is the future, plan and simple. Either you accept it now or cry later because FOMO.

Truth be told! People are going to be running to bitshares bitassets (bitUSD/bitCNY/etc) when the tether bubble pops. Also, don't forget that there are two new assets coming to bitshares soon. The quint and quintS, pegged to the value of gold and silver, AND fully redeemable in actual physical silver and gold. Woohoo!

Hi there. Could you explain this news further please? I just tried searching online, but your post is the only thing I have found. I am already invested in bitshares, but I am doing my due dilligence at the moment and am always looking for coins that are backed up by meaningful assets, rather than just being naked bits of code. Thanks for posting the news, but if it could be fleshed out (if you have a link then great) that would be ideal

We need accurate knowledge of how things work in other to maintain our emotional stability during market corrections. Ego is a reciprocal function of knowledge, the more the ego the less the knowledge and the more the knowledge the less the ego.

Very well said, couldn't agree more.

Brilliant description of ego kevaton! I absolutely agree. May knowledge soothe the ignorant's fears.

Keep loading up the Bitshares. I'm torn, I want Bitshares to go up, but then again I want it to stay low a little longer so I can get more. #Cryptoproblems

I love BTS , I would be interested in people's views on prices targets by the end of 2018. My own view is this could reach $2 by the end of the year, but appreciate that this could be too conservative.