Category: Bitshares

BitShares Technical Analysis for 03/22/2016 – Pivot Level Overview

The 0.0000135 price level – which I mentioned in my last Bitshares technical analysis – is continuing to exert its influence on the market. Between the 18th & 21st, the 0.0000135 pivot zone acted as resistance three times, and also three times as support. If you haven’t yet market this pivot level on your charts, I recommend that you do so now.   Since the 18th of March, the 0.0000144 …
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BitShares Technical Analysis for 03/15/2016 – Another Big Move Imminent?

The pivot zone at 0.0000135 – which I outlined in my Bitshares technical analysis article on the 10th – is now acting as support. In the past two days, the 0.0000135 level has acted as support on two occasions. If price breaks underneath this level over the next few days, another sell-off towards the pivot zone at 0.000013 becomes very probable. The 0.000016 level has also become a pivot zone …
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BitShares Technical Analysis for 03/13/2016 – Triangle Formation Breaks Down

Since hitting a high of 0.0000229 on the 10th, BitShares has continued to trade in a progressively tightening trading range. The 30-minute chart shows a clear triangle formation, which has broken to the downside about an hour ago. When BitShares was rallying on the 10th, the 0.000017 level acted once as resistance, and when the price finally broke above this level, 0.00007 then acted as support about three times. Seeing …
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BitShares Technical Analysis for 03/10/2016 – Price Breaks Above Important Pivot Zone

Yesterday’s announcement concerning the addition of Bitshares to Microsoft’s Azure Blockchain-as-a-Service platform, propelled the BitShares exchange rate to a high of 0.00001747. Over the past two days, the market has broken above a very important pivot zone. The 0.000013 area goes all the way back to October of last year, when 0.000013 was first used as support. Price was unable to break and stay above 0.000013 since November of 2015, …
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