Long
Tech running ahead with BitShares, (BTSUSDT analysis)
What is 🌟BitShares or bts 🌟?
BitShares is a decentralized cryptocurrency exchange that is part of the Microsoft Azure blockchain designed to provide a more efficient global payment network and is commonly used for securely trading cryptocurrencies without any intermediaries.. BitShares was created in July 2014 and is the brainchild of Steem and EOS cofounder and CTO Dan Larimer, along with Ethereum and Cardano cofounder Charles Hoskinson. Along with Steem, BitShares uses a Graphene layer, and both are among the most active blockchains on the market.
❇️(coinmarketcap data: Rank #167 , kind:Coin, On 18,898 watchlists
Market Cap: $219,849,053 - Volume24h: $22,684,845 - Volume / Market Cap:0.1041
❇️overal conclution:
BitShares is ready for government regulation with a smart contract blockchain built with Wall Street in mind. Equities are backed by assets and used for streamlined financial exchanges with a distributed ledger to track trades as necessary. With the right partnerships in place and forms filed, BitShares can find itself in a very lucrative position, thanks to these key components.
BitShares is a smart contract network that can host tokenized apps. Tokens are exchangeable for BTS, which is then exchangeable for bitAssets, which are stablecoins pegged to real-world markets.
BitShares not only complies with regulations, but it may prove to be an improvement upon existing systems with algorithms designed to stop insider trading.
BitShares works like Ethereum, which insists it isn’t a security, yet calls itself a security. Its structure should be studied and compared to any crypto or blockchain prior to investing.
Investing in cryptocurrency can be profitable, but with those profits come danger. Transparency is important in financial services, and while other cryptos focused on redefining banking, BitShares aimed at the heart of Wall Street. Whether it’s a kill shot, or they both must learn to live together, remains to be seen.
Keep a close eye on the financial sections, as well as the cryptocurrency news, and buy BitShares BTS at your own risk.
references: cryptobriefing- coinmarketcap- bitshares. org
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✅TECHNICAL ANALYSIS
As we can see in the weekly timeframe logarithmic chart for BTS/usdt, The current price roam about $0.074,
Betshire has been able to build strong support for itself over the past few months, which is a little difficult to return to.
You can imagine the triple floor patterns as well as the inverted head & shoulder pattern so then that lead us to hit targets of $ 0.12, $ 0.22 and then $ 0.7 respectively.
And also with the support of the crypto green market, it could go even further if the Altcoins market conditions help.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, because Because this crazy market also depends on the odds and there is no certainty.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
BitShares is a decentralized cryptocurrency exchange that is part of the Microsoft Azure blockchain designed to provide a more efficient global payment network and is commonly used for securely trading cryptocurrencies without any intermediaries.. BitShares was created in July 2014 and is the brainchild of Steem and EOS cofounder and CTO Dan Larimer, along with Ethereum and Cardano cofounder Charles Hoskinson. Along with Steem, BitShares uses a Graphene layer, and both are among the most active blockchains on the market.
❇️(coinmarketcap data: Rank #167 , kind:Coin, On 18,898 watchlists
Market Cap: $219,849,053 - Volume24h: $22,684,845 - Volume / Market Cap:0.1041
❇️overal conclution:
BitShares is ready for government regulation with a smart contract blockchain built with Wall Street in mind. Equities are backed by assets and used for streamlined financial exchanges with a distributed ledger to track trades as necessary. With the right partnerships in place and forms filed, BitShares can find itself in a very lucrative position, thanks to these key components.
BitShares is a smart contract network that can host tokenized apps. Tokens are exchangeable for BTS, which is then exchangeable for bitAssets, which are stablecoins pegged to real-world markets.
BitShares not only complies with regulations, but it may prove to be an improvement upon existing systems with algorithms designed to stop insider trading.
BitShares works like Ethereum, which insists it isn’t a security, yet calls itself a security. Its structure should be studied and compared to any crypto or blockchain prior to investing.
Investing in cryptocurrency can be profitable, but with those profits come danger. Transparency is important in financial services, and while other cryptos focused on redefining banking, BitShares aimed at the heart of Wall Street. Whether it’s a kill shot, or they both must learn to live together, remains to be seen.
Keep a close eye on the financial sections, as well as the cryptocurrency news, and buy BitShares BTS at your own risk.
references: cryptobriefing- coinmarketcap- bitshares. org
-------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As we can see in the weekly timeframe logarithmic chart for BTS/usdt, The current price roam about $0.074,
Betshire has been able to build strong support for itself over the past few months, which is a little difficult to return to.
You can imagine the triple floor patterns as well as the inverted head & shoulder pattern so then that lead us to hit targets of $ 0.12, $ 0.22 and then $ 0.7 respectively.
And also with the support of the crypto green market, it could go even further if the Altcoins market conditions help.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, because Because this crazy market also depends on the odds and there is no certainty.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.