Today I am providing you, a high timeframe chart of Bitshares. Indicators are starting to look very promising, as is the chart. After having broken the longterm wedge, BTSBTC has transformed into a fantastic bullmarket, showing beautiful potential for significant gains. As mentioned above, this is a high timeframe chart (1d), to which I will be trying to ride the big waves. The fantastic crash cycle has ended, and is ready for a fresh new start- having seen the first wave to which we are breaking out [DISBELIEF stage]. As volume is gradually decreasing as we move up, I am expecting a massive volume surge within coming week, breaking out of current levels (upwards).
Thanks for reading, may you have any questions or remarks feel free to post them beneath!
Kind regards, Gabriel Molenkamp
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Bitshares seems to be holding the logarithmic trendline. With the bullmarket setting forth, due to massive capital influx of new entrants in the world of cryptocurrency (The Japanese are the main contributors at this very moment, due to Ripple and New Economy Movement). The first fib target is still in play (0.00004275). However, first resistance level that has to be broken is previous short term high of ±0.0003650. Volume seems to be picking up, capital flow seems to be at an increasing rate. Should not take more than a week to break above the ±3650 level.
Trade cautiously & Goodluck!
Kind regards, .Gabriel Molenkamp
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As expected, the parabolic move has taken place. Setting safe orders to cashout this beast. Not wanting to TP at the top, since I am wanting to have a safe exit. Starting from 21 up to 24k