Hi guys, I was reading about this dev and It seems to be a great stuff, It consists of a decentralized exchange plus a lot of dapps. In past days BitShares announced the "PeerPlays Drops", which is part of a vast developing which includes Openledger, BlockPay, etc.....
When BitShares releasing, the price started bottom up, which is not common in alts, as the most of them start in higher prices. So this means BitShares would probably have to make an important retracement phase to settle and accumulate, so that happened. It is for that reason BitShares didn't look like other alts.
In a day timeframe we have a H&S and at the time a descending wedge, this means it is very probable the commencement of a long-term bullish rally.
Let's see what happens in the next weeks.
These are my past publications:
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Good times coming to BTS
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Only bots trading now, low volume...I will wait out.