Alert, alert, alert.... Check the graphs below, I was going over some charts and setup for the weekend and I found this darling
Here its Market depth
Total Buy orders==> 1118.58211218 BTC
Folks its quite simple, you follow the money, analyze the data and ride the train. I have been following the performance of the TOP20 most valuable cryptocurrency and their price action. I have found one consistent "weekend specialist". Yes I give it the term "weekend specialist" not because its only during the weekend it does well but because on weekend it puts in some of its best performance. Let me reiterate, Bitshares is a consistent and solid performer and a great long-term investment. The founder and team are solid and has great touch with the community and users. They are some of the most innovative and best minds around and I would endorse it as a long term investment. Lets get into the graphs and my thoughts.
Bitshares has formed two bullish pattern, firstly, that of a pennant and secondly, broken the 61.8% Fibonacci level. Those of you who are familiar with different bullish pattern can dive deeper into the analysis and see much more of it. Normally I would love to draw my lines and formed my triangle but the software only allowed me to include the Fibonacci levels. But I hope that you are able to see these two patterns. As you can see from the Fibonacci level 61.8%, Bitshares has flirted with 0.00011099 for some time and hasn't completely blown it away. I am bullish this time around because the Market depth tells the story and with a total 1118.58211218 BTC buy order it can only lead our imagination so many different places. As I said before, from my historical outlook Bitshares is the "weekend special".
Here is how you can play this giant, you can set BUY orders around the 0.00011099 level and TAKE PROFIT around 0.00017259 - 0.00019312 level. An you can even hold onto some of your Bitshares, its a visionary leader and enthusiastic team, this cryptocurrency can go beyond the moon.
Bitshares currently stands as the 9th most valuable cryptocurrency in the world. With a marketcap of USD $880,865,878/ BTC 322,590, 24hr trading volume of USD $111,188,000/ BTC 40,719, a circulating supply of 2,596,280,000 BTS and currently price at $0.339280/ coin.
Folks you heard it here first, my own analysis and outlook. If you been looking at coinmarketcap you would realize that there are quite a few bits catching fire. Always remember to do your own research, I personally hold this in my portfolio and I am bullish on its outlook beyond this weekend.
