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BitShares (BTS) EXPLODES OUT of an a,b,c,d,e Triangle!! What does this mean? Check out my analysis! by haejin

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· @haejin ·
BitShares (BTS) EXPLODES OUT of an a,b,c,d,e Triangle!! What does this mean? Check out my analysis!
<center>![](![]![](https://steemitimages.com/DQmdYYJYeken6C9AQZSBSYEGunuEfAv7nSg4ZURCWXnKteL/image.png))</center>
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**SUMMARY**

Look how beautifylly Elliott Waves and Chart Patterns comingle to outline high probable price pathways! The below a,b,c,d,e triangle consolidation pattern only means higher highs since price breached the upper line. I believe, the price could go near vertical and sentiment could become uber bullish and that potentially means prices of perhaps $1.32 to $19 in short order; should sentiment become unbridled!

![](https://steemitimages.com/DQmWVdR3GkdPhBMhapqnNrwP9AcnKKNWEsFjChWaZLm3jse/image.png)






Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
These Technical Analysis Books: [Elliott Wave Priniciple & Technical Analysis of Stock Trends](https://steemit.com/bitcoin/@haejin/n98sk-haejin-s-ta-book-recommendations-for-elliott-wave-and-chart-pattern-recognition) are highly recommended
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

Follow me on [Twitter](https://twitter.com/Haejin_Crypto) for Real Time Alerts!!
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<center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf


<center>https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif</center>
**Legal Mumbo Jumbo**: 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.** </center>
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πŸ‘Ž  , , , ,
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@adamyonas ·
Can someone please explain to me at around what price BTS might start correcting?
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@arcange ·
Congratulations @haejin!
Your post was mentioned in the [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20171216) in the following category:

* Comments - Ranked 10 with 101 comments
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@bitcointv ·
Thank you!
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@bobreedo ·
Just canceled my sell order for .475...thanks for the early morning update....
πŸ‘  ,
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@danpaulson ·
Ya, I insta cancelled all of my sells too!
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@richard9349 ·
me too.  thank you for the update Haejin!
πŸ‘  
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@bransby ·
Can someone explain to me the difference between EOS  Token Distribution and actual EOS coins?
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@sandalphon ·
They're the same coin. The difference is how you get them. EOS is being distributed via https://eos.io/ by contributing ETH. However, the site blocks all US based investors as distribution is allowed to non-US based investors only. The amount of EOS you get from contribution depends on the number of investors who contributed ETH during the "period" (resets every 22 hrs). I tried VPN but did not work. On the other hand, you can buy EOS from exchanges such as Binance at market price.
πŸ‘  
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@bransby ·
Got it! great. thank you. @sandalphon,
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@solisrex ·
$0.07
EOS tokens are ERC-20 tokens on the ETH blockchain during development, and will become EOS coins in June, with launch of platform. It is necessary to register your tokens to receive coins.
https://steemit.com/eos/@noorzaidurrani/how-to-register-claim-your-eos-tokens-before-june-2018
πŸ‘  ,
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vote details (2)
@bransby ·
I'm already in through wallet.bitshare.org, thank you so much!
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@crypto10101 ·
first of all, thanks mr lee for all you are doing, changing lives. not mine quite yet haha, but am sure will get there. I have just started out with crypto, and find your teachings on elliot waves and other trading methods, really valuable. I made a few mistakes recently, where i kept on panicking and selling/ buying bts and xvg at the wrong times. That amature mistake cost me about half of my folio.... Though i was sad, some few good trades got me a tiny bit up. I was just wondering  what would the best way be for me in order to accumulate more bts and verge, since fiat isnt that accessable right now. If you could possibly do another in-depth video on either one of those two, it would be great. Thanks
πŸ‘  
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vote details (1)
@dalexx · (edited)
Wow this sounds really good !Do you think there is a correction before we pass 1$ ? Bless you man!
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@dlslipa88 ·
Wow!  Thank you for the early AM update of BTS @haejin. Yes, I’ve been monitoring The price action of BTS.  I guess with this nice updated β€œhigher high” price of BTS, I can have a nice breakfast.
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@dlslipa88 ·
And also, Thank you for those TA and video of BTS and urging us to buy when it was in the bottom of the β€œcup” at that time around .045- .05 cents range.
πŸ‘  
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vote details (1)
@doodlebear ·
The volatility is clearly rising, but a tenfold increase? Very bold... but I guess it is just a matter of time.
properties (22)
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@embracingchaos ·
Oh, wouldn't that be nice...
properties (22)
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@ford888 ·
Many thanks Haejin for your recommendations. Bought my first batch under $0.06 so its looking good. Possible correction around $0.50 or just consolidation? Trying not to be too greedy here :)
πŸ‘  
properties (23)
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vote details (1)
@greenfrog1004 ·
Interesting...Looks like Arise Bank might be partnering with Bitshares: http://www.zerohedge.com/news/2017-12-15/cryptocurrency-bank-arisebank-acquire-100-year-old-fdic-bank-partner-bitshares
properties (22)
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@solisrex ·
Very exciting ico
https://www.youtube.com/watch?v=q3kh5n_lsL0
https://www.arisebank.com/
πŸ‘  
properties (23)
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vote details (1)
@harry-cannon ·
Thank you.
πŸ‘  
properties (23)
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vote details (1)
@healthiswealth ·
$1.16
![steemit - fantastic.gif](https://steemitimages.com/DQmcyKwGQFVaCbPiR6mpBKnF5zsruDkeKBhXq8qdMutPSnr/steemit%20-%20fantastic.gif)







Hoping for a pull back in BTS to buy another 20,000
Thanks
πŸ‘  
properties (23)
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vote details (1)
@itshodltime ·
Thanks @haejin for your continued analysis of bts. Liking what I see so far. Anyway you could do an analysis on Cardano or Request Network?
properties (22)
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@ivandex ·
Now, we are heard ! And,I think that is dangerous !
properties (22)
authorivandex
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@johndogett ·
$0.61
Definition of UNBRIDLED :   (of an emotion) uncontrolled and very powerful-
 ex: unbridled passion
πŸ‘  ,
properties (23)
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vote details (2)
@kailuablue ·
Thank you, Haejin!  Very, very grateful for all you do..truly a blessing. The spiritual leverage you’re providing will be like a butterfly effect for good in this world..thank you!
properties (22)
authorkailuablue
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@kitkat16 ·
I have 45600 of these babies and I bought them at 12 cents (was my first ever alt coin investment on recommendation from Haejin and I was blown away by his analysis).
I sold at 42 cents earlier yesterday and thank god it's come down to 39 cents because I was worried I'd suffered a terrible GREED punishment.
But Haejin's angels have come to the rescue and I will not succumb to greed on BTS.
(Until it reaches $350 a coin and I have enough money for my grandchildren's grandchildren to prosper with).
Thankyou Haejin!
πŸ‘  
properties (23)
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vote details (1)
@knircky ·
$13.41
It looks to me like a cup is forming. Do u see this differently?
πŸ‘  ,
properties (23)
authorknircky
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vote details (2)
@shawnster ·
bigtime...im showing a massive Cup and handle on the 1 day chart on trading view...if it is the thrust on this thing will be monumental
properties (22)
authorshawnster
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@vimukthi ·
Me too. I'm actually seeing somewhat similar patterns on several coins including NEO. I wonder what @haejin's target for NEO is. Noob me sees a cup & handle ending with a triangle on 1 Hour chart.
properties (22)
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@lightest-dark ·
Hell yeah!!
properties (22)
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@lightstarr ·
I love you, thank you for what you do
properties (22)
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@lovemetouchme2 ·
$1.33
Yes thanks for this one so much. Didn't get the 100000 recommended for retirement. But I got to 10000 and have  a nice back up pot now πŸ€—
πŸ‘  , , , , , , ,
properties (23)
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vote details (8)
@batfinkler ·
$0.33
If BTS gets to $343 you won't need anywhere near 100000. Your 10000 would give you $3.4m you've got be happy ETH that !
πŸ‘  , , ,
properties (23)
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vote details (4)
@lietuva · (edited)
$0.25
holding exactly 10k, bts could me a monster of the mosters.
πŸ‘  , ,
properties (23)
authorlietuva
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vote details (3)
@batfinkler ·
$0.16
Still a good long term buy even now at 0.40c even if it retraces a little very short term - long term kaboom !
πŸ‘  
properties (23)
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vote details (1)
@steampowering ·
$0.19
I am exactly the same, bought them at 5cents, good times.
πŸ‘  ,
properties (23)
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vote details (2)
@matthewdavid ·
$0.33
I also bought some at around five cents. Glad I did!
πŸ‘  , , ,
properties (23)
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vote details (4)
@maestroq ·
$0.05
Talking about the Chalice of Wealth, wow awesome gains!
πŸ‘  
properties (23)
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vote details (1)
@mirstax ·
$0.07
Im sooo weird, can you help me @haejin? I lost everything
πŸ‘  , , , , , , ,
properties (23)
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vote details (8)
@cryptosuf ·
how did you lose it all?
properties (22)
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@cryptosuf ·
I upvoted you to get you back on your feet. heres $0.03
Thats all I got. Sorry :(
πŸ‘  
properties (23)
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vote details (1)
@nicksine2007 ·
Can BTS break through one dollar in the short term?
properties (22)
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@overcome ·
Is it too high to buy in? I'm assuming so, its at ath? maybe another correction?
properties (22)
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@pelle76 ·
Thank you Haejin for all your support, bought at 5 cent!
properties (22)
authorpelle76
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@pmiskeen ·
$0.04
So much optimism around BTS. Wish BTC would introduce it again.
πŸ‘  
properties (23)
authorpmiskeen
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vote details (1)
@polaleye50 ·
@haejin thanks for sharing this analysis.  I just bought few on blocktrade some minutes ago because I believe in the future of EOS and bitshares also XRP should not be left out of target.
properties (22)
authorpolaleye50
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@quidmex ·
$0.19
Thanks to you, now I am holding a lot BTS now, waiting for the $300 in 2-5 years, I don't mind the wait :P
πŸ‘  , ,
properties (23)
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vote details (3)
@letmesee ·
Hopefully its more like next year!
properties (22)
authorletmesee
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@rok-sivante ·
continually praying for your projection of $342 by 2020 to unfold... :-D
πŸ‘  
properties (23)
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vote details (1)
@s4lcombi ·
What happen if BTC rise / rose to BTS/BTC pair ? What you think?
properties (22)
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@sedighzade ·
$19?? Isn't it  typo?
properties (22)
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@szmyra ·
Question - yesterday I sent BTC to bitshares wallet, no problem. Today I don't see BTC on the openledger.x gateway list - looks like I can't deposit it to bitshares. Anyone knows how to proceed?
properties (22)
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@flo33 ·
-> https://blog.openledger.info/2017/12/16/ltc-btc-dash-gateways-are-under-maintenance-now/
properties (22)
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@szmyra ·
Thanks, working already. Gonna bookmark this page. Cheers.
properties (22)
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@taskmaster4450 ·
$0.11
Damn @haejin.

Either you are a total nutter or I am going to have to fly over there in about 6 months and give you a big kiss on your forehead.

&#128513;
πŸ‘  ,
properties (23)
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vote details (2)
@pmiskeen ·
$0.15
Haha.. Dont say that man.. Haejin may stop give us his analysis. And we can't afford for that to happen.
πŸ‘  
properties (23)
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vote details (1)
@taskmaster4450 ·
Nah I got it covered, I'll bring a 6 pack of beer with me.
properties (22)
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@tt-dogg ·
$0.23
Make sure you videotape it. Lmao.
πŸ‘  ,
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vote details (2)
@taskmaster4450 ·
$0.07
This thing hits like he says it will and you can afford to come over as the video crew.
πŸ‘  
properties (23)
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vote details (1)
@the.privatier ·
I bought it yesterday, right before the take off. I hold it for much higher targets. But one of the most promising investments for 2018 will be BitcoinCash, check out my article  i think you will find there a lot of things you not thought off before.
properties (22)
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@bradleyjackson88 ·
is it true there are problems withdrawing the funds????
properties (22)
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@moroshek ·
No. Never had issues. And holding in bitUSD instead of cashing out is the smart way to go!
properties (22)
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@the.privatier ·
Never heart about this issue and never had an issue.
properties (22)
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@tonypeacock ·
$0.88
I have been working toward my BTS bag of 100,000 so my family can praise my name for generations to come :)
πŸ‘  , , , , , , , , , , , , , , ,
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vote details (16)
@al-bassmalah ·
lol same here
properties (22)
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@matthewdavid ·
Thanks Tony for your work in building the Bitshares community. I'm sure that has gained you some more Bitshares. I hope you reach your goal of 100,000!
properties (22)
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@polaleye50 ·
@tonypeacock our mission is synonymous
properties (22)
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@vimukthi ·
$0.12
Don't forget to migrate your profits to EOS when it's up and running. EOS is going to be much bigger than BTS.
πŸ‘  
properties (23)
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vote details (1)
@batfinkler ·
Why do you think EOS will bigger than BTS ? Do you think BTS will be migrated to the BTS blockchain ?
πŸ‘  
properties (23)
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vote details (1)
@dmwh ·
$0.15
Make sure that, as an EOS holder, you are aware of what you need to do in order to have your tokens registered. It will come down to how many EOS tokens you have in your ETH account (matched with a registered EOS key) once the crowdsale ends and the token is locked.

Check out the EOS FAQ. Pay particular attention to item #21.
https://eos.io/faq.html
πŸ‘  , , , ,
properties (23)
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vote details (5)
@lovemetouchme2 ·
$0.12
Bts will be a dapp on eos. People still will want to trade
πŸ‘  
properties (23)
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vote details (1)
@tt-dogg · (edited)
$1.10
BTS collaterize for  BitUSD -Half to EOS -half to steem  cover all 3
πŸ‘  , , , ,
properties (23)
authortt-dogg
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vote details (5)
@bransby ·
$0.08
can you explain me please
πŸ‘  
properties (23)
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vote details (1)
@eastrider ·
There's a channel on YouTube called goBitshares. It has very good tutorials on how to borrow.  Check it out
πŸ‘  ,
properties (23)
authoreastrider
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vote details (2)
@ildottore ·
This is an example of how to short the hero, but you can do the exact same thing with bitUSD
https://steemit.com/bitshares/@billbutler/borrow-hero-and-short-it
πŸ‘  , ,
properties (23)
authorildottore
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vote details (3)
@tt-dogg ·
Search how to do collaterize bts for a smartcoin. Then you can figure out the rest good luck.
πŸ‘  ,
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vote details (2)
@daysaway808 ·
that' s my favorite move. the fact that you can do that is just amazing.
πŸ‘  
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vote details (1)
@tyg5 ·
Here's my count... let me know what I did wrong here. :-)

![D0KtGJzD.png](https://steemitimages.com/DQmeEeLM3mhtxJneYK7Bf8oXAS1zoMdpruTNigdnuz3JSPw/D0KtGJzD.png)
πŸ‘  
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vote details (1)
@demonklyd · (edited)
Hey there, green circled wave 5 cannot end below the prior impulse waves' high in your cup (hence it should be targetting at least $0.51 or so on your chart). Did you put the ABC correction randomly? Check out Haejin's tutorial on Fib ratios, that's gold! :)
πŸ‘  
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vote details (1)
@tyg5 ·
Thank you!! So wave 5 should go up to .51 and possibly higher as per Haejin's post? 

For the ABC correction I used the Fibonacci retracement tool and started from the start of my primary wave 1 up to 5 and placed it between 0.5 and 0.618. Should I have started it at the beginning of 5?

Many thanks for your help!
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@unaveragejoe ·
I think a lot of people are holding BTS right now because OpenLedger withdrawal is terrible (it's been down for days), and they are nervous about paying the high fee for BlockTrades.  I think there'll be a sell-off once OpenLedger get's their crap together. Does anyone have an alternative way to get my BTS into USD into my bank account? I am aware of bitUSD, but that's not what I'd prefer at the moment ;(
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@underground ·
OK, the patterns look GREAT and BTS has risen in the public eye a lot recently, so PLEASE tell me the quickest and fastest way to get some! I have a coinbase account, maybe a poloniex account I can still access?  
TIA!!!
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@dlslipa88 ·
$0.06
I’m assuming you don’t have any account yet at DEX?
https://wallet.bitshares.org/#/
Fastest way I would think is to buy some LTC at Coinbase then send that to your Poloniex account.  Convert/sell it to get BTC to buy BTS.
πŸ‘  
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vote details (1)
@underground ·
Had LTC at coinbase, did just that, sent a bit to polo and converted to BTC then BTS. 
Proud Owner of 298.5xx BTS!!!  :D
properties (22)
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@foodisfree ·
$0.06
BTS is also on Binance which has a slightly better price than the Bitshares DEX due to more volume. It takes less than 5 min to set up an account and EOS is on there too among many others.
πŸ‘  
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vote details (1)
@underground ·
thanks FOOD! 
I got me 298.5 BTS now  ;)
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@yumyumyum ·
I bought enough @0.05 so that @0.40 I could sell some to pay for the holdings. So I have done this. Now MY BTS and EOS is all free money. I did this to eliminate my emotions.  But when we reach $19 well I haven't planed for that.
πŸ‘  ,
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vote details (2)
@batfinkler ·
$19 will bring a lot of people massive profits - it will be hard to know if to take profits or HODL for higher prices. Your strategy seems pretty sensible and it eliminates emotion when you are playing with free money !
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vote details (1)
@letmesee ·
Take a little off the top and hold the rest :)
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