Bitshares looks ready to break the correction phase of wave #2. We have completed A-B-C-D of the correction phase (also coiling pattern, or triangle). There is still the (E) touchpoint that has yet to complete, but also, may not. We could simple break out of our triangle here at (D) and continue upwards.
Either way, this is a long range projection target. Wave #3 would take us to about $3.00.
Correction wave #4 would bring us back down to about $2.20.
Final impulse wave #5 would then take us back up to about $3.50.
All of this should occur before year end.
Also, it is worth noting, should we have a major hack on a centralized exchange (more likely than not), decentralized exchanges like Bitshares will become extremely popular, increasing the probability that these targets will be hit and exceeded.
Well, considering it hitted 1$ so easily this is a pretty much conservative prediction being one whole year long.
TrendlineNoob
⋅
@elaea, if it goes to 10 cents that would be a 90% correction :0
lemonsandshade
⋅
if/when eos integration comes this could happen by summer time
ChalifStorch
⋅
@lemonsandshade, when EOS integration comes, will the bitshares token itself still have value, or will it be replaced by plain EOS? I cannot find any information about this.
lemonsandshade
⋅
@ChalifStorch, nothing is for sure yet on this. i just heard stan larimer talk about having a team together that is currently working on trying to figure out the best way to integrate eos technology with bts....it is being worked on and i think good things are in store
ChalifStorch
⋅
@lemonsandshade, thanks, I trust in them and the bts/eos ecosystem. Any idea why bts suddenly dropped a little today? I also heard they would integrate tradeview UI, that would be great.
lemonsandshade
⋅
@ChalifStorch, someone dumped a bunch on poloniex....not sure why, but there will always be dumps...and there will always be pumps :)
ChalifStorch
⋅
@lemonsandshade, so, no news or fundamentals, just someone with too much bts :)