i'm basing this purely on the charts. i'm a long term investor, and i've learned that it's best to buy at the right time -- not when it's all time highs. if you check other alt coins (like vertcoin or verge right before they mooned), they formed this pattern - a "cup and handle patter". it's market sentiment.

i also believe this is true of bitshares as it is still forming the bottom of the cup